How To Sell Your NFTs With Legiit

NFTs are a booming business! In 2021, NFT sales totaled more than $25 billion.

Yes, billion. A lot goes in NFTs as they're a mixture of art, crypto, videos, images, and sounds; consequently, these newfound collectibles draw a lot of attention from buyers, sellers, and the public in general. Regardless of whether you consider yourself an expert or you're not even sure what "NFT" stands for, you've likely heard about selling for a lot of money. It's true, quite a few people have been making a mint (that's an NFT pun we'll discuss later), and you can, too, with Legiit.

If you are a graphic designer, you need to be offering your services on Legiit.

"How can I make money with NFTs with Legiit?" You are asking yourself.  

The answer is this: Legiit launched an NFT channel in December 2021, opening the doors for NFT designers to sell their designs. Cue graphic designers. Whether or not you design NFT art as a graphic designer, you're leaving money on the table if you're not on Legiit; this is because graphic design is an in-demand skill, and companies of all sizes have graphic design needs that they must meet.  

In addition, freelancing platforms, such as Legiit, helps you showcase your graphic design skills for everyone to see, which could mean sizeable (side) income.

And, if you consider how in-demand NFT artwork is, you could be leaving money on the table if you're not selling on Legiit. If you worry freelance design work isn't a profitable venture, let's look at the world of freelance. First, freelancing is a surging industry; more than 56.7 million freelancers are currently in the United States alone. Thirty-six percent of the US workforce freelances (40 percent of those people do it full-time) and is projected to comprise the majority of the workforce by 2027. Sixty-one percent of freelancers choose to do so, often earning more than their previous 9-5 job (average freelance salary being $64k/year). In the context of NFT art design, selling your work on Legiit can take your designs to more eyes than doing it on your own. If you have never freelanced before but are considering doing so, hence why you're on Legiit right now, let's walk through what it's like selling your NFT design services on the site.

1. Create a profile
2. List your services & pricing
3. Let the buyers come to you, or you can also search for listings
4. You sell your NFT art, making $$$

1. Find NFT buyers manually. If you can.
2. Few people discover your designs.
3. You make less $.

Buyers come to Legiit ready to buy and more so than those perusing Google since buyers can see your reviews, ratings, and more. And, if there is an issue with a seller, the buyer knows they can get their money back.  

Whereas if you sell your NFT artwork on your own, buyers are more skeptical and wary. As of January 11, 2022, 19 services (sellers) are listed on the NFT Art page on Legiit. Considering how popular and lucrative NFTs are (totaling more than $25 billion in transactions last year), that means listing NFT art on the site at this point can lead to significant profits for you. As mentioned, NFT Art is a new offering on the platform, so the ground is very fertile.

What if you want to buy NFT designs so you can sell them?

Not a designer? No problem, it takes two parties to make a transaction. There are, of course, 19 services on the platform, all offering incredible art.

As mentioned in the previous section, you don't have to worry about working with any shady designers since Legiit has your back! Not only can you see the reviews and ratings of a seller before you interact with them, but our customer service team can resolve issues and make any necessary refunds.

Where can you sell the NFT art you bought on Legiit?

NFT marketplaces such as Rarible or OpenSea are terrific places to mint and sell your NFTs.

SELECT A PLATFORM TO MARKET YOUR NFT ARTWORK

Tons of marketplaces allow you to sell NFTs over a broad assortment of blockchains, so it's nearly unthinkable for any lone blog to discuss all of them, let alone tell you which marketplace is the ideal one for your NFTs. So instead, let's talk about the two most popular "entry-level" marketplaces in this post, but do understand that there are plenty of options if neither of the discussed platforms serves what you wish to accomplish, such as the Wax-based blockchain platform AtomicHub, or Solsea, which uses the Solana blockchain. Both Rarible and OpenSea permit you to make NFTs on the Ethereum blockchain without paying any costs, courtesy of "lazy minting" methods.  

Lazy minting allows users to produce an NFT and list the piece for sale without being placed on the blockchain, therefore bypassing fees.  

Consequently, if somebody purchases it, the marketplace bundles the costs for writing the NFT on the blockchain and transfer the fees to the buyer. Doing so enables you to sidestep having to pay $10 to $30 (or more!) to mint your NFT that could end up not being bought.  

Note: Most options have a trade-off when minting an NFT. Of course, there are caveats — for example, OpenSea will require initializing your account to list your first Ethereum NFT for sale, which may cost up to $300-$400. Yet, that fee is a one-timer, which means once you pay it, you can lazy-mint NFTs with no further costs. With Rarible, we clicked around to check it out and didn't see any fee requirement like with OpenSea.  

Although, taking down your NFT from the platform does require a fee (the fee looked to be approximately $20-$30). Both OpenSea and Rarible take a reasonable 2.5 percent fee from all sales a seller makes — for instance, if you sell an NFT for 0.025 ETH, the platform takes their cut, and you acquire 0.024375 ETH.

Don't want to use Ethereum blockchain? There are options.

Ethereum blockchain isn't the only one around; you have choices such as Wax, Solana, and more!

For instance, Rarible permits users to market NFTs utilizing the Flow blockchain (the identical blockchain used for NBA Top Shot). OpenSea lets users sell their NFTs using the Polygon blockchain if they sign up using the Blocto wallet. Both Rarible and OpenSea carry much lower fees than those you pay to use the Ethereum blockchain.

What is "minting"?

We have mentioned it a few times now and made a bad pun with "mint," so what does it mean? How do you do it?

If you're new to selling NFT art you find on Legiit and don't know this term, let's discuss. Of course, every NFT exchange platform has a different process. To keep things simple and avoid your eyes glazing over, let's pretend we're minting a picture of an English bulldog wearing a Panama Hat into an NFT on OpenSea (OpenSea proclaims to maintain the most extensive NFT marketplace on the web).

1. Connect your wallet
   1. First, you have to open a crypto wallet and then connect it to the OpenSea to get things rolling. You can either click the "Create button" or the wallet icon in the top right corner to commence the process. Other platforms often use a comparable starting point to connect your wallet and complete your profile.
2. Create your first item
   1. Click the "Create" button (located in the top right corner of the site's homepage). After that, users upload a digital file (image, sound, music, GIF, video, etc.) and put a name on their NFT.
   2. This spot in the process is where users set up how much they'll get paid in royalties if their NFT is sold again later.
   3. Once ready, click "Complete," and a user's first NFT is now minted!
3. Always be sure your crypto wallet has funds.
   1. Selling your NFT mandates a network to compute thousands of equations and record the trade on the blockchain. The seller/buyer must pay a "gas fee to finalize the transaction." Ergo, you need to make sure you have Ethereum in your wallet so you can always pay the gas fees.
4. Put your NFT up for sale.
   1. After your NFT is minted, you're good to go and sell it on the NFT market. All you have to do now is click "Sell."

"Are any celebrities in on the NFT craze?"

• Paris Hilton
  • In a partnership with designer Blake Kathryn, Paris Hilton produced a series of NFTs that comprised three individual pieces, called "Legend of Love," "Hummingbird in My Metaverse," and "Iconic Crypto Queen." Paris Hilton sold each piece for a little over $1M total as of April 2021. "Ether Reum" and "Crypto Hilton" are an ode to Hilton's new NFT obsession; when she was asked why her new love of the NFT craze, Paris said that she is pretty invested in the recent medium as a space for unique creations that she thinks up future artists, projects, and even metaverses heralding its democratization of art.
• Lindsay Lohan
  • Lohan, another 2000s idol, has likewise applauded NFTs for their power to enable more promising copyright claims for artists on their art pieces and has launched her first music single in over a year called "Lullaby." An exclusive collab between DJ Manual Riva and Lohan created the electronic tune; the song includes an accompanying graphic of an animated Lohan surrounded by butterflies and was auctioned for more than $85,000 on FansForver. Lindsay Lohan also auctioned an NFT of now-defunct EDM partners Daft Punk for $15,000. Lohan stated that these sales are "history in the making" and foreshadows that the future of all entertainment (whether it be movies, music, etc.) will be ingrained in NFTs, crypto, and blockchain being the norm.
• Grimes
  • The musician known as Grimes is typically known for exploring experimental-pop and synth-pop, alien-style cosmetics, and art. The singer, who gained even more fame for her relationship with tech entrepreneur Elon Musk, welcomed the futurist spirit of NFTs and marketed ten works of digital art, with a few containing thousands of duplicates and some having a single copy, on Nifty Gateway. Her art explores the aesthetic of other worlds, futurist tech, ancient ruins, and winged-cherubs, earned the singer approximately $6 million in less than half an hour; her piece, "Death of the Old," sold for just under $389,000.
• Snoop Dogg
  • Snoop Dogg revealed his first NFT collection in March 2021 called "A Journey with the Dogg." The collection is a mixture of the rapper's early hits and moments merged with NFT style. He has listed eight pieces for purchase in limited amounts, such as the "Snoop Doge Coins," original track "NFT," and "Deez Nuts." The perpetually famous rapper said that his NFTs are a glimpse into his life when he was "young Snoop." Remarking on the peak of NFT art, Snoop Dogg has said that he has seen contemporary tech advance from analog to digital during his three-decade-long career. He is enthusiastic about exploring the new digital sphere and bonding with his fanatics. The worldwide acknowledged creator and entrepreneur also said that he was thrilled about the idea and thinks that the tech will alter the way creators of all mediums do business. His drop lasted a whopping 48 hours, and one piece earned Snoop more than $100k.
• Tony Hawk
  • Infamous skateboarder Tony Hawk contributed his spin on NFTs by auctioning a video of himself completing a skateboarding trick on the Ethernity Chain. His execution of the 540-degree Ollie, which he first landed in 1989, is marketed as the "last ollie" the legend will ever complete. The clip intended to be likened to his initial Ollie 540 32 years ago. Even though no one knows how costly the NFT will be or how many copies will be made available, we can all believe that it will fetch a high price tag.