How to Sell NFT Art – A Step-by-Step Guide

Do you want to know how to sell NFT art as a digital artist? This digital art collective approach is already being adopted by many collectors and artists, who stand to profit handsomely from it.

According to Nonfungible.com, about $400 million worth of NFTs have traded hands on NFT marketplaces in the previous three years. These digital assets are becoming more and more popular, and this trend is probably going to continue.

How can you earn from NFT as an artist?

Read this article to learn the definition and operation of an NFT first. Finding a venue to sell them is the next step when you have some very amazing work that you want to sell as an NFT. So let’s first find out what is NFT!

What is NFT?

NFT is an exclusive digital proof of identity stored on a blockchain that is used to verify ownership and authenticity.

Where can I sell my NFTs?

1. OpenSea

   At the moment, OpenSea is the biggest NFT marketplace in the sector. Art, virtual world materials, trading cards, domains, collectibles, sports, and utility tokens are among the items available on the website.

   At the time of writing, the site contains a large number of art listings—more than a million because it aggregates artwork from other NFT markets. Every object has a price in ETH, with some being sold at a set amount and others being up for auction.

   Any artist is welcome to apply to list their digital art on OpenSea, but before it can be accepted for full public trade on the platform, the entry often needs to go through a screening procedure by the team. For their works, artists can also choose the criteria of royalties.

2. Rarible

   Another fantastic website for minting and selling NFT art is Rarible. Every item on Rarible has an ETH price and may be purchased immediately or through an auction.

   But for you as an artist to get the most from Rarible, you must apply and receive a certified badge from the team. The approval procedure necessitates the submission of originality proof and often takes less than a week.

   To receive a verified badge, artists also need to post links to their social media accounts. Having a sizable fan base and a vibrant community are two requirements. It might be difficult for artists without a certified credential to draw in customers.

   Weekly revenue from top sales on Rarible may reach £100,000, and they receive a 10% royalty if a buyer resells their artwork for a greater price.

3. SuperRare

   According to its website, SuperRare is a marketplace for “unique, single-edition digital artworks,” which may be collected and traded. Artists can tag their work with many categories, including surrealism, painting, animation, 3D, and abstract.

   While anybody may register to begin purchasing NFT artwork on SuperRare, the situation for artists is different. SuperRare is still in beta at the time of writing, and before the final release, interested artists need to submit a form.

   Current artists are paid 85% of each item they sell, plus a royalty payment of 10% if a collector resells their creations. In the meanwhile, SuperRare receives a 3% transaction charge from the customer at the time of purchase.

5 Easy Steps to Sell NFT Art

1. Create a Web3 Wallet

   To produce, transmit, and receive non-fungible tokens (NFTs), which are assets based on the blockchain, you need a wallet. To pay the transaction fees, you must also fund your wallet.

   Since Ethereum is the foundation of the majority of NFT platforms, you must have an Ethereum wallet funded with ETH, the platform’s native currency, to pay transaction fees.

   The majority of specialists advise utilizing Chrome or any other browser you want to employ with the Metamask wallet plugin. With the extension, you can access relevant services and establish a connection with an NFT marketplace right from the browser on your PC.

2. Fund Wallet With ETH

   The next step is to purchase Ethereum (ETH) and transfer it to your Metamask ETH wallet address from a cryptocurrency exchange or broker.

   You just need to give your address at the time of purchase when working with a broker, since they will handle the currency transfers to your address. But if you utilize an exchange, you’ll have to take the ETH out when you buy it.

   You can use your bank or credit/debit card to finish the transaction on the majority of sites. In any case, proceed with the transaction and transfer a minimum of £150 in Ethereum to your Metamask address.

3. Prepare Your Artwork

   By now, your artwork is most likely ready. If not, you can create a special example of artwork.

   Look through the above-listed marketplaces to acquire ideas on what makes the best-selling NFT artwork. Your NFT can be up to 100MB in size and can be any kind of picture, music, video, or 3D model.

4. Submit Your Work on an NFT Marketplace

   Connect your Ethereum wallet and visit the NFT minting and selling site of your choice. Since OpenSea.io is currently the most popular alternative, it is chosen in this tutorial.

   How to do it:

   • Login to OpenSea with your Metamask wallet. (Sign in by clicking the blue symbol located in the upper right corner of the website).
   • Give your approval for the signed transaction that will protect your wallet.
   • The website leads you to the Account page after everything is finished.
   • Choose a username and create a succinct bio.
   • Enter your email address and finish the verification through your mailbox.
   • Select Create from the top right when you’re back on OpenSea, then choose Submit NFT from the drop-down menu.
   • Under “Create New Collection,” click Create.
   • Give the collection a name, including a description (1000 characters) and a 350*350 logo.
   • After selecting “Save,” watch for a notification indicating the creation of the collection.
   • To customize settings like the header picture, social networking handle links, payment currencies, royalties, display themes, etc., click Edit on the following page.
   • To get back to the page of the Collection, click Submit Changes.
   • Click Add New Item under Collections to build your NFT.
   • Upload the artwork together with any other required data, such as a description, and an external link.
   • Enter details like the NFT edition you’re uploading, e.g., 1 of 5, and the year of production in the Properties, Levels, and Stats fields. Since OpenSea only permits the minting of one NFT at a time, you can upload an additional edition under the same collection.
   • To authorize the transaction using Metamask, click Create.
   • Congratulations! Your first NFT has just been minted.
   • Then, return to Edit from the Collections menu and select the option to send OpenSea your collection for evaluation and approval.
   • While awaiting approval, people will be able to view your artwork, but it will be marked with an Unapproved Collection tag or warning symbol.
   • Your NFT will display on OpenSea listings with the authorized Collection tag when it has been authorized, which may take a few hours or days.
   • To sell one of your artworks, click the link and choose Sell.
   • Click Post Your Listing after selecting your preferred price model (fixed or auction).
   • To use Metamask to sign the transaction, adhere to the wallet’s instructions.
   • After the network has accepted the transaction, your NFT will be accessible to the public.

5. Promote Your Content

   As soon as you mint your first collection, then, set a goal to inform your audience that you are branching out into NFTs. Free edition NFT releases are another suggestion from experts for increasing your OpenSea following and revenue figures.

Conclusion

It’s easy to learn how to profit from NFT art with this article. To sell that first piece of NFT art, one needs patience and a little bit of good fortune. When you witness the results of your struggles, the true enchantment of the activity becomes evident.

Only a few people pick up NFT art sales quickly. The idea is still quite fresh, so experts shouldn’t rely too much on their personal experiences. Just keep in mind that, as an artist, selling NFT art offers you a distinguished venue to showcase your creations and command a high price without having to leave the comforts of your house.

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Disclaimer: The information presented here may express the authors personal views and is based on prevailing market conditions. Please perform your own due diligence before investing in cryptocurrencies. Neither the author nor the publication holds responsibility for any financial losses sustained.