Non-Fungible Tokens or NFTs are digitally stored on the blockchain and they are traded or sold typically using cryptocurrencies like Bitcoin, Ethereum, and Dogecoin.
Following are some of the essential steps to sell NFTs,
Crypto Wallet: As mentioned above, these NFTs can’t be traded directly using your country’s currency. Since these are traded on the blockchain so you need to use cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. A Crypto wallet is a digital wallet that holds your different cryptocurrencies.
Marketplace: Now you have cryptocurrencies in your wallet but don’t know where to trade these NFTs. Typically there are online marketplace websites through which you can buy/sell your NFTs. You just need to connect your crypto wallet to the specific marketplace and start trading NFTs. Some examples of the popular marketplace are OpenSea, Rarible, Axie Marketplace, etc.
Showcase your NFTs Collection: Once you are in the marketplace the next step you need to do is to upload your NFT artwork or the collection of NFTs to the marketplace so that other people can see it and will buy it if they find it interesting.
Gas Fee: The gas fee is nothing but the listing fee for your NFT or NFTs collection. This is a certain amount of fee paid in cryptocurrency to the marketplace for listing your NFTs there. Each transaction requires a gas fee depending upon your NFTs. These gas fees vary depending on the network’s supply and demand.
Promotion: It’s not like you have created an NFT or NFT collection, uploaded this to the marketplace, and start enjoying profit by selling them. It won’t work that way, there are many NFTs and NFT collections uploaded on the marketplace so you need to create a buzz for your NFTs. You need to do proper marketing about your NFTs on different social media platforms like Twitter, Instagram, Facebook, etc using different marketing strategies.