Recently, selling NFT became more and more interesting for artists all over this world. News is going around the world that artists are now creating and selling so-called „Non fungible Tokens“. But how exactly does this work? We bring light into the darkness.

What NFTs are is quickly explained: they are non-transferable digital objects that are stored in a so-called blockchain. Would you like a crash course in NFTs? Here you can find a small whitepaper about it.

What can be sold as NFT?

There are several file formats that can be minted as NFT: JPEG, PNG, GIF, WEBP, MP4, MP3. So musicians, painters, photographers, videographers or 3D designers are served and can now sell their NFT artwork digitally.

How do I sell my NFT?

In order to be able selling NFT, you need the following points, just like when buying NFTs:

1. Suitable cryptocurrency depending on the blockchain on which the NFTs are to be stored.
2. Account on the desired NFT marketplace.
3. A wallet with which the transaction costs can be paid.

Once these requirements are met, you can start publishing your own works. One of the most popular marketplaces is “Opensea”.

What do I have to consider when selling NFTs?

To offer an NFT for sale it is necessary to upload it to the marketplace. At this step all important information regarding the artwork has to be deposited. The choice of the blockchain to be used is fundamental. Changes to the choice of blockchain are no longer possible once the object has been put up for sale. Therefore, it is always necessary to double-check the contents and information before signing and confirming the sale via wallet.