There are many videos on: "what is an NFT?", " or "How to flip NFTs" But very few quality videos that help Artists understand how to create and navigate the world of NFTs. Much Appreciated!
thank you! I won some NFT's and was gifted a few others. now I feel ready to sell at least a few after sitting on them for months. your video helped me understand a lot better what would be considered reasonable pricing.👍🧚🏾♀
What I’m curious about is how do some people sell NFTs for millions. How are they pricing them? Do they pick a fixed price? Or do they leave them for bidding and someone chooses to buy their NFT for millions?
This is great wow learned so much and i am a newbie ty !!! What I would like to know more in depth is how do you set the properties what should you list on your properties?
Think of properties like metadata. Could be the year you produced the art, or the name of the series it's from. It's highly dependent on what you created and how you think people will search or sort through your work.
You can also do this (your NFT Rarity Score / minimum rarity score ) * Floor Price , so reduce 30-40% of result and if it s more than your buy , so sell it , you r in Profit , in this case your nft will be sold in an eye blink , otherwise start reduce price , i personally do it by 0.05E and always check NFT Rarity in the official rarity Tool which announced by team
This video helped me get an understanding of so many things I was unsure about, even explaining what the commonly used terms are for NFTs. Awesome video, thank you 🙏
I've watched two of your RU-vid Videos on NFTs and they were both educational. I really learned a lot. My question is can you make a NFT Video on how you sell the same NFT on Two Platforms at the same time. How is that done?
its is possible just to add a dollar value instead of them offering ETH. i know it is has a dollar value. but lets say i price something at $10 could they just buy it for $10 or would they have to buy $10 worth of ETH first?
Outstanding in the whole YTbiverse of the Cryptosphere, let alone NFTs. Very articulate reasoning and thought process. You got me. Keep going. Thanks for all the knowledge sharing.
I think if you actually give more than you worked for will be the benefiting factor for your nft. But thanks for the info. Im actually staring to work on my projects as well. wish me luck
but the question remains: will it sell. I dont have verry much money to invest on it, so I am terrible affraid it will never sell. wonder if it is a fact that eventually, take days or months, it will eventually sell. I'm confortable to wait like 3 months easy, is at least it sell eventually.
Sorry if I missed this in the video, but I'm wondering how to gradually scale a collection. Say for example you have a collection of 10k, you want to sell half for 0.1 ETH and the remaining 5k for 0.5 ETH each, how would you price the art gradually so that they don't all sell at the initial floor price. Basically gradually increasing the collections floor price
.. I only have a simple question, I have a nft landscape I took from vacation, it look like interesting, why everyone can spend $300000 to buy bored ape without buy my nft when it's only $300?!
Because Yuga Labs behind the bored apes is now a company with a multiple billion dollar evaluation that's continuously rewarded holders with life changing benefits. For your photography to do well, you'll have to work to find an audience through marketing and making connections in the community. It's difficult to do, but if you're constantly learning and applying what you learn, you'll likely find success.
Between $0 and hundreds of thousands. There really isn't a recipe of success. Being very active in the NFT community and having a decent social media following help a ton though.
A.Maze.ing walkthrough Matt, thank you for this!!! I'm not someone looking to flip, but instead, I'm an artist looking to sell it the first time. So I have a question, and sorry of I missed it here, but hat would be your opinion on what I'll call economies of scale, thats being the dilemma on pricing from the starting point.... Which is better in your opinion, minting a piece of art for a high price and lower editions OR higher editions at lower prices? Or is that merely an artistic choice that the market accepts with no concern? This all from an artist with appreciable following. Thanks again!
Thanks! This is definitely the artist's choice. A lot would depend on how big your audience is and what your prior history of sales is. If you're newer and looking to establish yourself, I'd do a small edition priced on the low side. Be sure to value your time fairly, but early supporters should be rewarded as such. The secondary market over time can decide the value if the initial items sell out.
I have a collection of art that I have bought over the years from various artists plus collection from my mum, who has been exhibiting her stuff for the past 60 years. We set up a website of mums stuff ( or rather my nephew did ). I am just learning about NFT's. Am thinking of digitizing all this work then trying to sell. Would it be worth making several copies, say 20 of each, and trying to sell these, or is it better to just sell the one ?
@@MattBorchert Thanks.. The other thing is that my brother has an extremely rare collection of documents written by Karl Marx. Not sure if using any of the present platforms would be any good as it appears to be all for artwork.. or am I wrong ? The other issue would be to know if its ok for these to be digitised, then say a few hundred copies of each to be put up for sale once converted to an NFT. But would we have to 'burn' the originals ??, which would be a bit of a tragedy as these are of course of great historical, sociological, political, academic and archological importance in thier present original paper form.
@@nairodoohk6362 You can think of NFTs as a token that can be used as a way to prove digital ownership. You could, for example, tie ownership of the physical item via a contract to the owners of the NFT (in this case fractional ownership.) I wouldn't consider burning historical documents to create NFTs of them personally. I believe NFTs will be used at scale to do things like warehouse inventory management, for example. What we see now are just early examples of people trying to figure something new out. :)
@@MattBorchert Cheers again.. This makes sense. I got into crypto some time ago, and get the sense that NFT's are very much at the beginning of discovering thier potential use cases.. But thanks for your videos and pointers.. I have much to learn before giving it a go. Have a great evening
Thanks for this I was feeling down and out until I saw this video. I'm just now beginning in NFT bought a mint today that failed lost like 400 bucks so far and bought 2 NFT's from OS but not feeling too good about them. I'm going to use your strategies. Thanks
Thanks for the info, i just don't understand Traits or Properties, who sets them! or is there an index for them like PHP codes, or i just write anything i want.
i don't like Open sea Dude, I love the information you give, but how long have you been in the crypto world? and the world of NFT games? The thing is I'm a newbie and I want to get into Mononoke Inu which is in ETH, but I'm not sure, could you give some advice? Best regards my friend! Nice video!
@@daletrade5178 The counter offer feature on OpenSea. It's poorly developed and largely unused. Most "offers" are done via wETH offers and not that functionality.
@@MattBorchert so why not address this in your video? Every person with an NFT is bound to try sell it on open sea, and is going get lower offers than they want, and then they’ll see the “counter offer “ option. How can you not addresss this ?
@@daletrade5178 Because it didn't exist at the time I made this video. :) I also don't think it's important. The feature isn't used. It's bad. Just make wETH offers if you're interested in buying below the list price.
Right now gas prices are fairly expensive and I don't see that improving until we start to utilize the ETH 2.0 chain once the upgrade merge completes. I haven't uploaded recently for a good comparison on pricing.
Hello sir I've a question I've not enough to pay eth gass fee so my question is that if we list my nft in polygon so what I set my metamask wallet in ploygon mainnet???
@@MattBorchert Thanks another question please reply waiting for your response, I'm very glad to see you reply my comment thanks again my question is that, If I list nft in polygon, do I have to put polygon mainnet in the meta mask wallet too? Or the nft that is listed on polygon and my metamask wallet is eth mainet also, after selling my nft I will get payment in eth mainnet or not ??
It almost always decreases. The price pre-reveal is higher (most often) because there is a chance of getting a very rare NFT. Post reveal the ones that aren't rare will lower the price, sometimes dramatically.
What if instead reveal it all, i just add the nfts slowly like daily or weekly and slip some rare in between. Will it help stabilize the price or just make buyer lose hype /interrest and leave?
Hey I've a question about selling NFT on opensea! When I list my NFT collection let's say 10k NFTs does it only sell once and then I no longer receive any profits from it or I will keep getting profits for those NFTs?
@@MattBorchert I know that I get royalties from every sale, my question is about the very first sale, If for example I sell NFT for 1 Eth and it is the original first sale do I take the whole 1 Eth or just percentage from it like the royalty system?
I have 1000 paintings and sold globally (front page news) please can you help me understand how to upload my art in phone to my opensea? I've linked my wallet
Hi, i'll try to keep this short. - I already have 5,000 generated pieces of artwork to be minted on OpenSea using Polygon. - I don't have any metadata attached to any of the exported final PNGs, but I want to add 5 categories that each NFT would fall into on their OpenSea listing. For example (Red, Blue, Yellow, Purple, Green...) my questions: - How do I add metadata to already exported PNGs? - How do I mass-mint them all while respectively categorising each one by their metadata? Thank you very much for any help on this, I'm struggling to find resources online that could help me. Thank you!
Hey there! I'm not really sure how to do this as it's outside of my area of expertise, but hopefully someone else in the comments section can point you to the right resource.
I haven't used it yet unless you're referencing Polygon which might be captured under that. I think it's excellent, but making it super easy to use and understand how to use will remain critical. The UX of Web 3.0 continues to be pretty bad, especially for non-crypto natives.
Hi Matt, I've a small question regarding setting prices on a collection, for instance: We've created 7777 random generated NFT's just like you did with The Vogue, Once we deploy these NFT's on our contract the're is no price set on opensea, if we have a community waiting for the drop, do we need to price each one of them by hand, or do we wait for them to make a bid? Thanks for this video! and thanks in advance!
Hi, I'm newbie at nfts, but you and your crew could make a collection of 200, and try out the bidding first, and see how it goes. Then try the other afterwards.
@@croissantlover1 I don't know I'm a newbie I put the price for my artwork and it wasn't a high price and still I only had two people like nobody purchased by NFTs
@@artchicke3653 sorry to hear. I sometimes wonder if people only want to buy art that is high priced so they can sell it on. Maybe I'm wrong. You could try list one of your items as high? who knows, maybe someone will "fall" for it XD. Do you know about how to extract the money out? Exchange it to real currency? Because if you do sell something big, and you want the money immediately, you should know this and you can get some cash out of it.
Hey guys... I have a question for the #NFTCommunity and #openseaartists... My friend and I were talking about #NFTs and we had doubts about royalty rates/fees... how much royalty fees do you usually charge for your art? 🤔 Please, help us out! Thanks.
@@MattBorchert that's exactly what I thought... I actually use 5% royalty... the reason I asked is 'cause I had to argue with a buyer the other day... he insisted that most of sellers use a 1% royalty fee. 🤔
Another question thanks stumped :( I am having an issue with my entire collection i just created.I had the collection originally set with ETH but after some research i saw you cant edit so i deleted collected ,changed wallet to OMatic and relisted.So when i try to Sell it still set to ETH how do i change it? I want Polygon to avoid gas prices.TY
@@kaaaathleen5277 wETH is wrapped ETH. That itself isn't important, it's just that on OpenSea you need to make offers in wETH. So long story short, it's an offer that someone else made to you that you can accept if you want to, or an offer that you can make to someone else in the same way.
Thanks for the video, but there's a topic I can't find any information about. To sum up my issue: I've created a collection on opensea on the ethereum blockchain. Initially I've planned to set the price to about 0.009 eth but the gas fees are so much higher than the artwork itself. That's where I've wondered if interested buyers would even consider buying the artwork if the gas fees are priced higher than the artwork itself. Should I consider charging more because of the gas fees or what are your experiences with the pricing policy on opensea? Thanks in advance for your time and effort.
Is there away to set a fixed US dollar amount? For example, if I have an nft and i just want to sell it for $20 can I make that price fixed regardless of the eth price?
