How to Create and Sell NFT on OpenSea
Connect with Coinbase Wallet to Buy and Sell NFT
NFT or Non-Fungible Token means that it is a non-interchangeable token. If your item is on a blockchain, then it is a Non-Fungible Token. If it is not on a blockchain, then it is a fungible token?
Today we'll be learning how to create and list an NFT for sale on the OpenSea marketplace with Coinbase Wallet.
How to connect Coinbase Wallet to OpenSea
Creating an account on OpenSea is fast and easy, provided your OpenSea site and Coinbase Wallet app are at the ready.
First, open the Wallet Icon on the top right corner of the OpenSea home page
You'll see a list of wallets to connect. In today's tutorial, we'll be connecting with the second popular wallet on the list: Coinbase. There are two types of Coinbase apps on the Apple App Store. This connection works with the Coinbase Wallet.
To link Coinbase Wallet and OpenSea, open the QR camera in your Coinbase Wallet and scan the QR code on OpenSea.
How to Create NFT on OpenSea
After you've signed in, in your OpenSea home page, click "Create" at the upper right corner.
You've to upload your NFT. The NFT can be an image, video, audio, or 3D Model with max size of 40 MB.
Then, give your NFT a name. You can add an external link to which visitors can visit your own NFT website and social media.
Then, describe your NFT in the description. Additional descriptions can be given to your NFT in the form of properties, levels, and stats.
Next, add your NFT to a collection and blockchain. The default collection is the collection with your username. Otherwise, you can add your NFT to a collection which you've already created.
Then currently, OpenSea is on the Ethereum and Polygon blockchains. You can add your NFT to either of the blockchains.
Finally, after you're satisfied with the above, click the blue “Create” button at the bottom. However, this does not mean that your NFT is for sale yet on the market.
How to Sell NFT on OpenSea
After your NFT is created, you'll be brought to your NFT's page, where you can see the NFT's price history, offers, and item activities.
To list your NFT for sale, click the blue "Sell" button on the upper right corner of the NFT's page.
The NFT can be sold at a fixed or declining price, in an auction to the highest bidder, or in a bundle.
If you're selling the NFT at a fixed price, you can price it with either ETH or WETH (if the NFT is on the Ethereum blockchain).
Then, the time period for the sale. The default is one month. The NFT can be for sale for one day, one week, one month, and up to six months. Of which, you can manually set the range.
Satisfied with the above, you can “Post your listing” - the blue button at the bottom.
A pop-up will appear to verify the sale on OpenSea with Coinbase Wallet.
You'll be prompted to digitally sign by clicking the "sign" pop-up in your Coinbase Wallet. After which, your NFT is finally for sale on OpenSea.
If it's your first NFT for sale on OpenSea, gas fees will be deducted from your Coinbase Wallet. Hence, make sure there is sufficient funds in your Coinbase Wallet.
Subsequent NFTs listed for sale will be subjected to gasless minting, which means that gas fees are only charged once upon creation of your first NFT on OpenSea.
What next with your NFT on OpenSea
The challenge for an NFT is to pull traffic to it. Scrolling and browsing through OpenSea reveals tons of NFT projects. The question is how to set up your NFT against the competition out there.
Share your NFT on Facebook, Twitter, Instagram, TikTok, YouTube, and social media — you name it. There is saying in real estate that any property (no matter how bad) can be sold. It just required time and patience. If you’ve a large, existing fan base, it’ll be even easier to promote and sell your NFT.