How To Create NFT 🎯 How much does it cost to sell an NFT on OpenSea?
How To Create NFT | How To Sell NFT | How To Sell NFT Art On Opensea
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Welcome to our How To Create NFT Video!
Before diving in and showing how to sell an NFT on OpenSea, let’s take a step back and briefly remember what non-fungible tokens actually are.
Non-Fungible Tokens (NFTs) are encrypted digital files stored on the blockchain. They are tokenized versions of digital items, such as images, videos, artworks, etc.
Why Are People Buying NFTs?
There are many reasons for which people buy NFTs. The most primal one of them would be because they want to invest in a new, speculative, and very volatile asset. The market for NFTs exploded in 2021, and plenty of collections such as the Crypto Punks or the Bored Ape Yacht Club saw their valuations skyrocket.
Apart from speculating on their future valuation, though, some investors choose to purchase NFTs as a form of digital art. As the world moves more and more towards a digital future where a lot of our interactions and time is spent online and as the concept of a metaverse continues to catch speed, many people want to own scarce, verifiably authentic digital art.
Other people might buy an NFT as a gift to someone they know would appreciate it, and so forth. The reasons are different, but it’s a fact that the market has become a considerable one that’s not to be overlooked.
What if You Want to Sell Your NFT?
Now, if you wish to put it up for sale, just click on “Sell” at the top right bar, and you’ll be redirected to a new page to fill in the conditions of the sale.
Choose whether to sell it at a fixed price or a timed auction, the currency, and the expiration date for the sale. Listing is free, but OpenSea charges 2.5% of each sale.
Now, if you want to see your NFT on your MetaMask wallet but it doesn’t appear, don’t worry, it’s not that it’s not there — you have to add it manually.
First, click on your NFT and scroll all the way down to Details.
On that section, click on Contract Address — this will redirect you to the Etherscan page of the specific address of your NFT.
Copy that address and go back to your MetaMask wallet. Below, you’ll find the option “Import Tokens.” Click there and choose “Custom Token.” Paste the address that you copied from the Etherscan page.
The token symbol is just the public name tag, and Token Decimals is just a way to view your NFT. It won’t change the amount that you’re holding. For example, if you choose 3, it will give you 0,001. In this case, we’re going to put 0 and proceed to add it.
Now you can see your NFT right below your funds.
Final Thoughts
Buying and selling NFTs on OpenSea is not as hard as you would think. However, be aware that there are a lot of scammers in this field, and prices can be extremely volatile.
It’s not uncommon to see people lose their money to scammers through phishing or rug pulls. The NFT field is also riddled with wash traders who would generate fake trading volume on certain collections to make them more appealing for investors.
In any case, it’s important to keep in mind that this is a very young market that’s heavily unregulated in the majority of jurisdictions. As such, it’s necessary to address it as such and take the precautions needed to protect your capital.
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
I hope you found value in our How To Create NFT video. Make sure to leave a like on the video if you gained value from it!
#OpenSea #NFT #Sell #Mint #Crypto #Trading
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⏰Timestamps⏰
00:00 - How To Create NFT Introduction.
00:26 - How To Create NFT project summary.
01:32- How To Create NFT project outro.