NFTs for Authors: Buying and Selling NFTs

Many NFT markets, such as Rarible and OpenSea, make purchasing and trading NFTs a breeze. It isn’t a very difficult procedure, but it isn’t simple either.

Here’s what you’ll need to buy an NFT:

• Some cryptocurrency (preferably Ethereum) by purchasing it from a digital currency exchange (such as Coinbase)
• A crypto wallet to move some of your bitcoin from your exchange account to your wallet (such as MetaMask or Coinbase Wallet).
• An account on a marketplace (like Rarible or OpenSea) where you can link your crypto wallet and buy NFTs.

One thing to keep in mind is that you’ll have to pay a fee (called brokerage fees, transfer fees, and gas fees, respectively) at every stage of the process (purchasing crypto, moving it to your wallet, and buying NFTs).

As an author, you should consider instructing your potential purchasers on how to purchase NFTs so that they are aware of the entire procedure prior to your debut.

To sell an NFT, you must first manufacture one through a process known as “minting.”

• To mint an NFT, you’ll need the same items as buying NFTs (a wallet linked to a marketplace) and then filling in the information requested by the marketplace.
• To produce a token, some marketplaces charge minting costs (also known as gas fees); thus it’s not always free. Others, such as OpenSea, have just indicated that they would no longer charge token producers for gas. Before you purchase or sell anything, NFTBOOKS strongly advises you to spend some time setting up your accounts and considering those sorts of markets.

Some of this information might be overwhelming, so spend a few days immersed in the NFT environment to get a sense of what you’re doing.

However, don’t worry because when you come to NFTBOOKS, we will work directly with you and make the process of buying and selling NFTs easier with a specific roadmap.