Step-5: Taking on to decide pricing strategy
Once you have created your first ever NFT for trade, then comes the next part, where you need to decide the price of your NFT so that you can sell it.
There are three basic strategies to set a price tag for your NFT:
Fixing the Price: Here, you give a fixed price for your NFT and put it out there for its sale.
Timed Auction: You can put up your NFT for auction. And the best part is — you’re allowed to decide the duration of your auction.
Bidding: Once you put up your NFT at the online marketplace, it will be open for people to start bidding on your NFT to buy it.
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Creating Your First NFT: A Beginner’s Guide to Minting NFTs
mastercreta07.medium.com
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🙋Am a self taught Digital Creator , Editor 💻 from India 🇮🇳 , as well as a Technologist and a COD Gamer 🎮. Interested in learning📒 new things always for keeping up with the trend .
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