Here’s how, what, and when to sell your digital art
The NFT world is stirring many controversies lately.
From an established digital artist selling his 13-year-in-the-making artwork for $69 million and then saying, “prices are in a bubble,” to the up-and-coming artist that can finally afford rent with their creations, NFT has been grounds for much confusion.
We can’t clear it all in a single story. The non-fungible tokens drive more questions than answers. Let’s take it step by step and find out what you can actually sell as an NFT, and where are the best marketplaces for your creations.
NFT are mostly collectibles in early 2021
- Tweets. Jack Dorsey sold his first Tweet for $29 million.
- Animated artwork with music. Grimes sold her WarNymph collection for $6 million. The collection features both music and animation.
- Pixelated images. LarvaLab turned $184.7 million with CryptoPunks
- Music. Kings of Leon generated $2 million from selling an album as an NFT.
- Magazine Covers. Time is sold an iconic cover from 1966 for $115 thousand.
- Video highlights. NBA Top Shots has grossed almost $300 million selling NFT clips of best-recorded shots in history.
- Youtube snippets. Logan Paul has made almost $5 million-selling moments from his viral Youtube videos.
- Sports Cards. Luka Doncic’s card sold for $4.6 million.
- Books, blog posts, and other memorabilia are probably coming soon.
1. Open Sea is the largest NFT marketplace for visual arts and gaming collectibles
OpenSea is the first and largest NFT marketplace, focusing on visual arts, game items, and collectible graphics. The marketplace was first launched in 2017. It raised $27 million in Series A in 2021.
We’re hosting LondonPunks on OpenSea. The platform is user-friendly and lets you keep ownership over your art in the auction process. From creating the actual piece to listing it on Opensea can take as little as 15 minutes. The platform works with the Metamask browser extension. The extension makes it practical. Metamask is an ERC wallet that can also help your browser run Etherium based decentralized applications (dapps).
You can instantly access multiple Etherium powered platforms around the internet with your Metamask. You can bet for CryptoPunks directly on LarvaLab’s website with your Metamask, even though the artwork may be sold on OpenSea. Conversely, Metamask lets you access the virtual property, play games, and exchange money from your browser.
Metamask is a virtual carry-on wallet that lets you peek into the decentralized internet of tomorrow — if that makes any sense.
Back to OpenSea. The platform works hard to eliminate gas fees that are notoriously plaguing the NFT world. We have paid a total of $90 for two subsequent transactions to list our account on the marketplace. The gas price and quantity can fluctuate with great volatility. Every time I’d refresh the page, the price of listing would change $10 up or down, reaching $180 at one moment.
Once LondonPunks were minted and listed, we could start any auction and add new offers without worrying about additional gas prices.
OpenSea has 3 types of auctions:
- Set Price. Sell at fixed or declining prices.
- Highest Bid. Auction goes to the highest bidder.
- Bundle. Group and sell several NFTs in one go.
OpenSea supports: JPG, PNG, GIF, SVG, MP4, WEBM, MP3, WAV, OGG, GLB, and GLTF up to the max size: 100 MB
2. Valuables Let’s You Sell Your Tweets
Valuables is a simple, yet highly effective marketplace for all things Twitter.
The page outline is simple, and many pages are published and shared as Google docs. Don’t let the outline fool you. The platform has more crypto bigshots than most other places on the internet. Valuables is the place where Jack Dorsey sold his Tweet for 2.9 million in March. Elon Musk receives offers for hundreds of thousands of dollars for his Tweets.
How to sell on Valuables?
- Copy tweet’s URL from Twitter.
- Visit Valuables and insert the URL.
- Place an offer in USD; $1 is the minimum bid.
- Notify the creator that you want to buy their Tweet.
If you’re thinking about brokering Tweets, then Valuables is the place to be. Connect your account, and mint a buy, sell or mint a tweet with a single click.
3. Crypto.com is a new name in the music industry
If Napster murdered the music industry, then Crypto biblically resurrected album sales.
Snoop Dogg, 3Lau, Deadmau5, Grimes, Jacques Greene, Tory Lanez, and Kings of Leon are all boarding the NFT train. 3Lau generated $11.3 million with his latest NFT release. If you’ve never heard of 3Lau before, you’re not alone. He is a 30-year old freshly minted millionaire DJ from New York.
Music NFTs are usually bought and sold on private websites and auctions, but that could change soon. Snoop Dogg, Lionel Richie, and Boy George have has recently joined Crypto. Although Crypto is not a marketplace exclusive for music NFTs, the platform is showing a promising start in providing musicians with more options to monetize their art.
Crypto.com is first and foremost a crypto exchange platform, focusing mostly on blockchain’s financial side. You can open a crypto wallet, which is insured by FDIC insured for up to $250,000, making crypto legit in every regard, as a financial player. Crytpo is trying to untangle the tech-heavy side of the NFT world.
Kings of Leon have met with more than one hiccup trying to sell their first NFT album, mostly because users couldn’t figure out how to use crypto to purchase music. Crypto.com has announced a one-click buying method for credit and debit cards, and a secondary marketplace for reselling NFTs.
“I love metaphors and mystery and crypto sounds like klepto so that makes me a crypto maniac. Art is like a partner? Can you live with it? Digital art is a new emotion and it can be very musical. I’m mixing all of the things I do together, music, art, fashion, poetry, and anything else it leads to. I have stopped refusing to be influenced.” — Boy George
Crypto is focusing solely on a-listers and mainstream musicians for now. The standardized way of getting listed on Crypto.com doesn’t exist, if you’re not a celebrity performer.
However, things could change soon.
Welcome to web 3.0. and NFT art
NFT is becoming a regular conversation topic these days. Many are shaking heads in disbelief, while others apparently rack in millions of dollars. Most of the market is, however, not even in the middle. New and unheard artists are yet to figure out how to exactly make a name for themselves in the NFT world.
NFTs revolutionize the business in 3 fields:
- Visual Arts
The technology sounds beyond complicated at first, but it’s actually not that bad once you get your thread around it. The NFT world is in its infancy, and this is not all there is.
Prepare for the upcoming and jaw-dropping NFT announcements in the upcoming months and years.