FinTech and Banking

How to Make Money with NFTs Part-02

27 April 2022

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3 min read

NFTs are generally sold on marketplaces with different processes depending on the platform of your choice. Essentially, you’ll upload your content to the marketplace, turn it into NFT, and wait for it to sell. It’s very similar to Amazon or Etsy. If you already have a digital content portfolio for which you own the copyright, here’s what you need to do next:

Select Your Marketplace, Mint the NFT, and Link Wallet

There are dozens of marketplaces for you to choose from. These include OpenSea, Axie Marketplace, Rarible, SuperRare, and Mintable. Have a quick look at these marketplaces and select one that best suits your content.

Your next step is to “mint” the NFT. In simple terms, minting an NFT is the process of turning the digital file into a crypto collectible or a digital asset on the Ethereum blockchain. Though this may sound confusing, most, if not all, marketplaces will provide a step-by-step guide on minting your NFT right on their platform.

Once you’ve selected the marketplace, you’ll have to link your funded cryptocurrency wallet. After that, upload your digital file and follow the process on your chosen marketplace. Each platform will have different processes and allow you to either sell the item as a one-off purchase or earn royalties.

List NFT for Sale

Once you have filled out the information and your file is uploaded and minted, it’s time to list it for sale. After listing it for sale, you’ll notice the marketplace will calculate “gas fees.” This is an Ethereum blockchain network fee to record the transactions. This fee will vary depending on how busy the network is. The best way to reduce this fee is to list your product during non-peak hours, depending on the marketplace.

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Comments (3)

Ralph Edwards

December 2, 2021

The staff at Cushman & Wakefield come from unusually diverse demographic backgrounds. The company is 42.3% female and 42.4% ethnic minorities. The diversity in Cushman & Wakefield employees extends to employee political beliefs. Its employees are politically diverse and represent a balanced blend of political orientations, with 49.5% Democrats and 49.5% Republicans. Despite their political differences, employees at Cushman & Wakefield seem to be happy.

Savannah Nguyen

December 2, 2021

The diversity in Cushman & Wakefield employees extends to employee political beliefs. Its employees are politically diverse and represent a balanced blend of political orientations, with 49.5% Democrats and 49.5% Republicans. Despite their political differences, employees at Cushman & Wakefield seem to be happy.

Robert Fox

December 2, 2021

The staff at Cushman & Wakefield come from unusually diverse demographic backgrounds. The company is 42.3% female and 42.4% ethnic minorities. The diversity in Cushman & Wakefield employees extends to employee political beliefs. Its employees are politically diverse and represent a balanced blend of political orientations, with 49.5% Democrats and 49.5% Republicans. Despite their political differences, employees at Cushman & Wakefield seem to be happy.

Comments (3)

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