How to Make Money Selling NFTs in 2022

So, if you clicked on this blog then, you’ve heard of NFTs and how people make a ton of money on them. NFTs are the newest cryptocurrency sensation to become crazy popular with celebrities too.

If you’re an entrepreneur or business that creates some form of digital art or content, it makes sense for you to learn how to make money with NFTs.

You may have heard of Rob Gronkowski selling NFTs of his best Super Bowl moments. With this news hitting the web, it’s no surprise how fast NFT rose to fame with more folks jumping on the bandwagon every day.

The first step to making some real money with NFTs is to appreciate them. So if you need to do more research on exactly what they are… Please do that first!

Now on to the real game.

How do you sell NFTs?

NFTs are usually sold on marketplaces with different methods depending on the platform you are using.

Basically, you’ll upload your digital art or content to the marketplace, turn it into NFT, and then wait for it to sell. It works almost like an Amazon or Etsy. If you already have a digital content collection for which you own the copyright, here’s what you are going to want to do next:

  1. Choose Your Marketplace, Mint the NFT, and Link Wallet

There are tons of marketplaces for you to pick from. These consist of OpenSea, Axie Marketplace, Rarible, SuperRare, and Mintable. Have a look at these marketplaces and select one that best fits your business and content.

Your next stage is to “mint” the NFT. To keep it simple, minting an NFT is the procedure of turning the digital file into a crypto collectible on the Ethereum blockchain. I know, this may sound perplexing but, most, if not all, marketplaces will provide a guide on minting an NFT on their platform.

Once you’ve picked the marketplace, you’ll have to connect your funded cryptocurrency wallet. After that, upload your digital file and follow the method on your chosen marketplace. Each platform will have different procedures and permit you to either sell the item as a one-off purchase or earn royalties (which we like that the best).

  1. List Your NFT for Sale

Once you have filled out the info and your file is uploaded and minted, it’s time to list it for sale. After listing it for sale, you’ll see the marketplace will calculate “gas fees.” This is an Ethereum blockchain network fee to record the transactions. This fee will differ depending on how demanding the network is.

Here’s a bonus: The best way to diminish this fee is to list your product during non-peak hours, contingent on the marketplace.

It’s key to remember that while the method of selling NFTs may be straightforward, it may not be as simple as it seems.

Minting your digital content and selling it will experience marketplace and Ethereum costs which can be significantly high depending on when you’re putting it up for sale. Trading NFTs can come with ambiguity, given the unpredictability of this young market.

Stay Educated!

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