How to BUY and SELL NFT

How to make and sell an NFT is something a lot of artists and designers are exploring as a potential new avenue for creative business. NFT art continues to make headlines when pieces fetch mind-blowing prices in auctions, or 'drops'. Even traditional auction houses like Christie's have held NFT art auctions involving huge sums of money, and major brands from Nike to Warner are working with artists and designers to create NFTs as part of their strategies to enter the metaverse. Advertisement It might still all seem very strange, but what seemed like it might be a short-lived fad shows no sign of petering out. So if non-fungible tokens are here to stay, at least for now, is it time to look at how to make make and sell an NFT as a possible route for your own creative work?  We would first point out that the prices achieved by artists like Beeple or by well-known collectable NFTs such as CryptoPunks are still relatively rare, and that there are a lot of fees involved in generating, maintaining and selling an NFT. Though some NFT marketplaces now support fee-free NFT minting, where the cost is placed on the buyer and not the creator. Buy & Sell NFTs on BinanceBinance NFT Advertisement That said more and more artists, illustrators and designers are marking money from selling NFTs, so it may be something you wish to consider. In the guide below, we'll walk you through how to make an NFT of your work and how to sell an NFT through an online auction.  You can take a look the NFT trends for this year for inspiration – and if you're still not clear on what a non-fungible token really is, we'd recommend reading our what are NFTs explainer sure you’re clued up before going any further. We also explain what are NFT drops too, and detail how to spot a fake NFT. If you are ready to dive in and try your luck, read on for our step-by-step guide to how to make and sell an NFT. Save 40% on a design magazine subscription today How to make and sell an NFT  Paris Hilton listed her Iconic Crypto Queen for sale on the NFT auction site Nifty Gateway (Image credit: Rarible/Lindsay Lohan) First you'll need to make, or 'mint' your NFT. To make an NFT of your artwork, you'll need to choose an NFT platform and a payment wallet, the latter of which you'll need to use to pay fees – and to receive any payment if you're lucky enough to sell your NFT.  There are lots of online platforms you can use to make and sell an NFT. Some of the most popular NFT auction platforms include OpenSea, Rarible (pictured above), SuperRare, Nifty Gateway, Foundation, VIV3, BakerySwap, Axie Marketplace and NFT ShowRoom. See our guide to NFT marketplaces for a comparison of some of the most popular options. Advertisement There are plenty of NFT payment platforms too, with Coinbase, MetaMask, Torus, Portis, WalletConnect, MyEtherWallet and Fortmatic some of the best known. For illustrative purposes, we'll show the process involved in making and selling an NFT using the NFT platform Rarible and the cryptocurrency payment platform MetaMask. Note that these two platforms are chosen purely to show how the process works, and it doesn't mean we're saying they're the best service to use

Enjoyed this article? Stay informed by joining our newsletter!

Comments

You must be logged in to post a comment.

About Author