How to Sell Gaming NFTs
Abstract: Selling and trading NFTs is a great way to turn your artistic talents into profit. Keep reading to learn how to create and sell your own NFTs today.
How easy is it to sell nft
Step 1: Purchase Some Crypto
Step 2: Get a Wallet
Step 3: Fund Your Wallet
Step 4: Choose a Platform
Step 5: Sell or Auction Your NFT
How to Start Selling Gaming NFT Tokens
2021’s Most Expensive NFTs
Conclusion
The mysteries surrounding NFTs have many artists scratching their heads, wondering how to break into this new market. It’s a decentralized market where the artist sets the price and sells directly to the customer, no middleman is needed. Although a novel idea, the money is nothing to laugh at. CryptoPunk #9998 sold for $530 million this month, making it the most expensive NFT to date.
It’s debatable whether or not NFTs are just the latest fad or will bring sustainable change. Whatever the case, if you’re curious about NFTs and how to create and sell them, then this article is for you. We’ll show you just how easy it is to create and sell an NFT of your own. Specifically, we’ll focus on gaming NFTs, which offer even more trading opportunities. Let’s get going.
How easy is it to sell nft
Creating and selling NFTs is a simple process, as long as you follow the steps. Luckily for you, we’ve outlined just how to do that.
Step 1: Purchase Some Crypto
All NFT trading platforms require you to pay service fees for turning your digital art into an NFT. Payment is usually in crypto currency, so you’ll need some up front to pay for these fees. Most platforms prefer Ethereum (ETH) as a payment method.
You can buy the ETH on many crypto exchanges, there are plenty to choose from. Another option is to buy ETH directly, using your wallet. There are as many wallets as there are platforms, but one of the most popular is MetaMask. Beloved by users for its ease of use, it’s arguably the best wallet for beginners.
Step 2: Get a Wallet
Visit MetaMask’s website and click the download link in the upper right hand corner to begin. First, you’ll need to create a new wallet and seed phrase. The seed phrase is a list of words that give your wallet added security. Write down your seed phrase in a safe place and don’t show it to anyone, they could use it to hack your wallet.
After you’ve created a new wallet and seed phrase, it’s time to set up a password. A few more confirmation windows, agreeing to the terms, and you’re all done. Your new wallet is ready to store your crypto.
Step 3: Fund Your Wallet
You can buy crypto directly from your wallet. You can buy your first crypto with fiat money using your bank or credit card. In addition to NFT platform fees, you’ll need a little extra crypto to cover transaction fees. Remember, you don’t have to purchase a whole token. Most people only purchase shares of main coins anyway, since they’re so valuable these days. In fact, the price of Ethereum is currently at 3,785.23 USD. Imagine if we all had to pay that price to start trading!
Step 4: Choose a Platform
Next, you’ll use your digital wallet to connect to a website that sells NFTs. Octogamex is one of the main gaming NFT selling site so we’ll use them as an example.
Go to Octogamex website and click the “connect wallet” button in the top of the page. This will take you to the login page where you can connect your wallet. A few notifications and terms of agreement signature later and you’re ready to buy your first NFT.
Step 5: Sell or Auction Your NFT
NFT selling sites like Octogamex allow you to either sell your NFT at a fixed price or in an auction. The benefit of the auction is that you can accept your preferred bid.
Once your auction is set up, you’ll need to pay Octogamex the fee for listing your NFT. The listing fee is usually a small amount, under $10 ETH, but be aware that you’ll also have to pay a commission fee and transaction fee. Commission fees paid to NFT marketplace can be more expensive.
How to Start Selling Gaming NFT Tokens
Gaming NFTs and tokens are some of the most lucrative digital assets currently available.
It’s much easier to sell such NFTs on marketplace like Octogamex than it is to create them. You don’t have to mint a new NFT, just transfer your purchase to the marketplace or directly from your wallet.
When you decide to sell your NFT depends on why you bought it or created it. If you’re an artist, then you sell to clients who want your work. You sell your digital art at a price that buyers are willing to pay. Generate interest among your clientele to boost expectation, and prices, for your next great work of art.
If you bought an NFT but no longer want it, or its value has gone up, then it’s time to sell. Converting old, unwanted digital art into profit is an easy way to make money. Make sure to include platform and transaction fees in your appraisal, otherwise you might undercharge.
Lastly, you can also trade gaming NFTs with other collectors or players. If you post a gaming NFT token for sale, don’t be surprised if you get swamped with offers. Gamers are often willing to pay top dollar for desirable assets.
2021’s Most Expensive NFTs
Here’s a list of this year’s top selling NFTs. Browse to get a feel for the kind of money you could be making selling NFTs.
- Human One
Artist Mike Winkelmann, aka Beeple, described it as, “a portrait of a human born in the metaverse.” We certainly can’t argue with him. This NFT mixes digital and physical art in a kind of moving sculpture made of four screens on a metal, wooden frame. Human One sold for $28.9 million.
- Cryptopunk #7523
The pixel art characters made by an elusive developer based in Canada continue to draw massive attention, and money. This NFT was minted in 2017 and referred to as the “covid alien” for its mask and surgical-looking cap. The buyer thought just as much, and purchased it for its unique take on the pandemic and the birth of NFTs. Cryptopunk #7523 sold for $11.75 million.
- Everydays: The First 5000 Days
This year’s best selling NFT is another of Mike Winklemann’s creations. This collage of images taken every day since 2007 is rumored to have started the NFT boom. The sale of Everydays catapulted Winkelmann’s career from journeyman creator to world-renown artist. It sold for $69.3 million.
Conclusion
Selling gaming NFTs is a good way to make extra money. However, it isn’t all easy. It takes money to get into the market first, to pay minting and platform fees. What’s more, it’s a young market, so who knows where it will be in five or ten years. That being said, it’s still a great money-making opportunity. If you’re a creative person looking to expand your business, then selling and trading NFTs is a great way to do it.
