Considerations when deciding to sell an NFT - Deepstash

Considerations when deciding to sell an NFT

  • Transaction fees. Some platforms will let you create NFTs for free, but selling them has other demands.
  • Most NFTs are sold on the Ethereum blockchain, and every transaction on the Ethereum blockchain costs fees.
  • The fees, called "gas", are paid to the miners. Nearly everything you do on the blockchain will cost gas. While most transactions will go through, paying gas does not always guarantee your transfer will go through. 
  • The most popular NFT marketplaces mostly run on the Ethereum blockchain, which uses an energy-intensive "proof of work" system.

81

640 reads

CURATED FROM

IDEAS CURATED BY

oscamoss

Musician

This article explains the basics of NFTs and then explores how to create an NFT using two of the most popular marketplaces. It is meant to be a brief guide to help you get started.

The idea is part of this collection:

Confused About NFTs?

Learn more about crypto with this collection

How to create and sell NFTs

The future of NFTs

The benefits and drawbacks of NFTs

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates