How to Effectively Price Your NFTs on OpenSea (and Other Markets Too!)

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How to price your NFTs for sale!
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My NFT Video Playlist - • Playlist
OpenSea - opensea.io/
Rarity.Tools - rarity.tools/
This video covers various ways to better understand how to price your NFTs on OpenSea. I'll cover concepts like floor price, the floor price for various traits your NFT has, and other elements like bot offers.
Since NFTs are an illiquid market (think cars or houses), as opposed to a liquid market like Bitcoin, selling your assets involves a lot more variables to consider. I think that's what makes the space a ton of fun, but that complexity also causes people to list items way under the real value in some cases, or way too high to ever sell. Hopefully this video can help you price a bit better! At the end I also chat about how to price your own artwork in order to find a market and get some sales.
Have any questions about what you've seen in the video? Feel free to leave a comment!
Intro - 0:00
Liquid vs. Illiquid Markets - 0:20
Understanding Floor Prices - 1:07
Understanding Recent Sale Prices - 3:25
Determining the Floor Price for Rare Properties - 5:10
Rarity Tools - 7:27
Pricing NFTs with Multiple Mints (Copies) - 8:35
Bot Offers - 9:58
Multiple Mint Pricing (cont.) - 11:21
Pricing Your Own NFT Artwork - 12:31
Conclusion - 14:57
#NFT #Crypto #OpenSea

Пікірлер: 271

@jorgeterrell2576 2 жыл бұрын

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!

@TheJayLenoFly 2 жыл бұрын

the information contained within this, you could ask for money for it. Thank you for the generosity and sharing!

@MattBorchert 2 жыл бұрын

I like being able to help where I can (for free!) Appreciate it.

@MattBorchert 2 жыл бұрын

@@adriansullivan7629 Thank you! Craig is the best. :)

@polakuu 2 жыл бұрын

I mean he does get money for it from youtube :P

@raypeck3582 2 жыл бұрын

This was the the most clearly presented, practical and most helpful introduction to pricing FTS I've seen. Thank you!

@jessepaulstudio 2 жыл бұрын

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 🙏

@MattBorchert 2 жыл бұрын

Glad it was helpful!

@muriellehamilton3889 2 жыл бұрын

This is such a good explanation of pricing on that platform. Thank you so much for sharing that information!

@DiandraStarShine Жыл бұрын

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.👍🧚🏾‍♀

@fficialadz71 2 жыл бұрын

Dude is giving us the blue print for free . Thank you thank you thank you 🙏🏽 💙

@Elseweyr 2 жыл бұрын

Many lessons here - not only for the NFT space but life in general. Thanks for sharing!

@metameetha5518 2 жыл бұрын

Man i liked your attitude , be humble and reasonable thats what i want to do with my upcoming NFT project .

@LIAMNELSON 2 жыл бұрын

Super helpful, especially the end part Thanks a bunch man

@jimrioslacey-baker7053 2 жыл бұрын

Great information Matt. Very helpful. Much appreciated. Hopefully there are more in your library, checking now...

@AndreSlater 2 жыл бұрын

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

@simonevandenhooven785 2 жыл бұрын

Thank you for explaining this in a clear matter, you really helped me understanding this market. :)

@MattBorchert 2 жыл бұрын

Glad it was helpful! :)

@kamelionchic Жыл бұрын

Thank you for helping me understand this better.

@CryptoSmooth 2 жыл бұрын

This was an amazing explaination! I have been watching your channel for a while and you inspired me to continue making content around NFTs! Thank you!

@MattBorchert 2 жыл бұрын

Awesome, appreciate that!

@michaelsmith-ql7ce 2 жыл бұрын

Thank you. Helpful and practical.

@winterism 2 жыл бұрын

thanks for the helpful info Matt!

@essenceidentity 2 жыл бұрын

This was great !! 2nd last part was great tips for artists

@zdudex 2 жыл бұрын

Thanks man, really insightful

@alexhoy8633 2 жыл бұрын

Thank you for this info 🙏✨

@RS-gm1qb 2 жыл бұрын

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.

@MattBorchert 2 жыл бұрын

Thank you! :)

@cf25 2 жыл бұрын

Great work matt, youre a real one

@MattBorchert 2 жыл бұрын

Thank you C F! Much appreciated.

@JamieViveiros 2 жыл бұрын

Thank you!

@udaykaushal5833 2 жыл бұрын

Good information brother, thank you

@thecryptojoker9815 2 жыл бұрын

Thanks for this video and the advise. I really appreciate it.

@chipomukonoweshuro5859 2 жыл бұрын

Great video - so helpful!

@thenicflynn 2 жыл бұрын

Honestly your channel is one of the best if not the best in this space. Thanks a lot for your hard work on these videos🙌

@MattBorchert 2 жыл бұрын

Very kind, thank you Nic!

@KaiWenFranklin 2 жыл бұрын

Thank you for sharing this information!!

@devastaterx 2 жыл бұрын

Thank you! Super helpful video.

@findingstyle 2 жыл бұрын

All your vids are on point mate, thanks for the insights 🤙🏾

@MattBorchert 2 жыл бұрын

Thank you!

@DTM-Books Жыл бұрын

Very helpful advice, thank you very much.

@Jessica-qw9op 2 жыл бұрын

thanks for sharing. it's too helpful.

@taalibabdurrahim 2 жыл бұрын

Thanks. This was very informative

@imajid8346 2 жыл бұрын

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

@arirex8035 2 жыл бұрын

Great info thanks a lot

@alessioceruti7211 2 жыл бұрын

Matt, thank you so much for all the information you give! I am an artist and I know nothing about NFT, this video inspired me! I really would like to know more and start to show and maybe sell my artwork as well, so please keep doing videos like this!

@MattBorchert 2 жыл бұрын

Thanks Alessio!

@chayomalive 2 жыл бұрын

Can i launch one collection on opensea and keep adding arts to it momentarily?

@MattBorchert 2 жыл бұрын

@@chayomalive Yes you can! :)

@dadadotdot4430 Жыл бұрын

Thanks Matt :)

@f-bombnft3630 2 жыл бұрын

Such an amazing video!!

@MattBorchert 2 жыл бұрын

Thank you!!

@shainey125 2 жыл бұрын

thanks for sharing

@EricF647 2 жыл бұрын

Excellent 📊

@galilitahiti9939 2 жыл бұрын

Thank you for the precious informations 👍

@MattBorchert 2 жыл бұрын

Glad it was helpful!

@Angkasa_Putra 2 жыл бұрын

I am not a native inn English but I can unnderstand about it, you are cool in giving explenation and thanks a lot

@rusticagenerica 2 жыл бұрын

Excellent channel.

@TDZ43 2 жыл бұрын

This video was very helpful, thank you.

@MattBorchert 2 жыл бұрын

Thank you!

@embers42 2 жыл бұрын

Very helpful!

@MattBorchert 2 жыл бұрын

Awesome! Glad to hear it was helpful. :)

@NevilleHobson 2 жыл бұрын

A very good explainer, thank you 👍

@MattBorchert 2 жыл бұрын

Appreciate it Neville!

@artchicke3653 2 жыл бұрын

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?

@MattBorchert 2 жыл бұрын

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.

@jean-francoisbrisson5387 Жыл бұрын

Thanks

@videolucuta3430 2 жыл бұрын

Hi, i have listed 10k nfts. But how do i list the price for sale for all 10k automatically? Please help

@williamgibbs71 2 жыл бұрын

Did you pay one fee to list them or have to pay to list each nft?

@bettyu2 2 жыл бұрын

Hello sir, how I set a reserve price listing for a buyer who have made an offer on my nft?.. Thanks in advance

@eternalgaming8710 2 жыл бұрын

how do you upload and put up all properties one by one with thousand of piece image?

@AniMatoCartoons 2 жыл бұрын

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!

@artchicke3653 2 жыл бұрын

Did you figure it out ? great question newbie here

@croissantlover1 2 жыл бұрын

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.

@artchicke3653 2 жыл бұрын

@@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

@croissantlover1 2 жыл бұрын

@@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.

@artchicke3653 2 жыл бұрын

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

@kinguchekwe7717 2 жыл бұрын

thanks so much.

@MattBorchert 2 жыл бұрын

Glad it was helpful!

@jeffrey8154 2 жыл бұрын

How do you update / change your NFT price on opensea?

@bookmerah8114 2 жыл бұрын

Great video! Thank you. Q1: for example 10K generative artworks are made. Can the first ten or so be entered onto something like Open Sea, maybe a month before the rest are uploaded? Q2. 10K generative artwork are made. Then maybe 100 are individually modified. What, if any, complications would arise from this? Thanks again!

@MattBorchert 2 жыл бұрын

You can mix generative and non-generative art in a single drop. This would be handled through a custom contract, but sadly that isn't my area of expertise. I'd look for a Solidity developer to work with who can help you understand what is and isn't possible.

@pongming 2 жыл бұрын

Great video and really helpful thanks so much you seem a kind man x

@detrickj8006 2 жыл бұрын

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

@MattBorchert 2 жыл бұрын

That can be done with a custom contract, but that isn't an area that I know much about.

@Moodboard39 2 жыл бұрын

it could make you or break you. What if they dont sell?

@thenightshowCanada 2 жыл бұрын

Good video, Matt. What's it like for uploading your first NFT and the gas prices?

@MattBorchert 2 жыл бұрын

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.

@einsteinwallah2 2 жыл бұрын

i have made some artwork using microsoft paint spending some time on each artwork so they are not exactly 5 minutes jobs but a buyer may think so because basically it should look good to me so i do something then erase or delete etc etc ... but knowing that people undervalue compared to gifs or animated graphics composed on professional software how much i should under price my work ... also will markets accept such work? ... or do they have restrictions on which software you used to create?

@MattBorchert 2 жыл бұрын

What you create is all that matters, not how it's created. :)

@sub2mikey 2 жыл бұрын

can you make a video on how you minted it?

@abed-ibrahim 2 жыл бұрын

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.

@MattBorchert 2 жыл бұрын

The person who makes the collection / writes the contract sets and or generates them.

@luciano1142 2 жыл бұрын

Awesome

@MattBorchert 2 жыл бұрын

Thanks Luciano!

@glynnjohnson4307 2 жыл бұрын

Thanks for your teaching thank you humble my friend let others eat too

@carolinav418 2 жыл бұрын

Your voice, it's so relaxing xD

@MattBorchert 2 жыл бұрын

Haha, thank you!

@faderooms_music 2 жыл бұрын

How do you make these NFT's? Like how can I make my own bored ape or crypto punk?

@ProsperParabu 2 жыл бұрын

I've watched two of your KZfaq 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?

@MattBorchert 2 жыл бұрын

You just list it on both marketplaces. Nothing special is required. :)

@ProsperParabu 2 жыл бұрын

Thank you for your quick response. Would there be 2 different Gas & Minting Fees when listing on two different platforms?

@kalixbreezy4307 2 жыл бұрын

Thanks brother you made me understand some things and I an artist ready to put out my work but I need a team and I’m open to work so pleas holla let make it happen

@cryaboutit888 2 жыл бұрын

Hi, an unrelated question to video but how do I make a longer bio on my Opensea profile?

@ChristopherDrosos 2 жыл бұрын

Thanks for the video friend. Should someone make their nfts unique and sold only once or he should make some copies of them? Thanks

@MattBorchert 2 жыл бұрын

Personal decision. Depends if you want it to be more like a collectable or a single more valuable piece of art. If you're newer to the space, I'd recommend maybe focusing on just 1 to try to build an audience, unless what you do is focused on having multiples.

@bilbukids 2 жыл бұрын

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

@MattBorchert 2 жыл бұрын

Good luck! :)

@ryansdose 2 жыл бұрын

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?

@MattBorchert 2 жыл бұрын

Sell it in USDC :)

@harveybeaver9731 2 жыл бұрын

Nice video! What is your take on the Gas-Free marketplace on OpenSea?

@MattBorchert 2 жыл бұрын

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.

@motionactivated 2 жыл бұрын

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!

@MattBorchert 2 жыл бұрын

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.

@motionactivated 2 жыл бұрын

@@MattBorchert Thanks (again) Matt... aim low, be humble, grow over time. Make sense to me, but this is a new world, and wasn't sure how to begin.

@user-hh9ni8su3p 2 жыл бұрын

Bots are like market makers in the stock market, they add liquidity to the market

@MattBorchert 2 жыл бұрын

Yep! An important part of the ecosystem.

@nilsongonzalez4554 2 жыл бұрын

Hi Matt, Amazing video, clear and in point o view. God bless you ! Im a new creator.Thanks a lot

@MattBorchert 2 жыл бұрын

Thanks Nilson!

@onedaybakchodi 2 жыл бұрын

Hi Matt, Yesterday when I open my opensea account and I have already minted and listed my NFTs a couple days before but when i saw yesterday there was no pricing they were showing so what does that mean?

@MattBorchert 2 жыл бұрын

Hard to tell without seeing it. I would check to see if you can list it again. There should be a price showing if the listing went through properly. It's also possible you approved the contract to sell, but not the listing itself.

@NaturalEntertainer85 2 жыл бұрын

Hello Matt, I'm curious, do you know if it's possible to be successful selling NFTs if they are not randomly generated? All the ones I can find on OpenSea all seem to be randomly generated containing 9999 items. I have about 100 images artwork that I created by hand, do you know if it's worth trying to do NFTs on them? Or only worth it if I could pump out 10k random ones

@MattBorchert 2 жыл бұрын

Yes, 1 of 1s can do exceptionally well so long as you can find a market. Look at artists like Beeple and XCopy.

@Lily2Anna 2 жыл бұрын

Great question and thank you both! I’m also creating all my art one by one, I have both individual pieces and collectibles and I’m finding it confusing as to how to post them. I will watch you video now, maybe you’ll help me too ❤️ 🤗

@MrDjdanieljose 2 жыл бұрын

@@MattBorchert what is 1 of 1s meaning?

@MattBorchert 2 жыл бұрын

@@MrDjdanieljose Original works that only have 1 available. Many artists will do editions of the same art, but multiple copies exist (typically to allow more people to own it while bringing down the price point to make it more affordable.)

@MrDjdanieljose 2 жыл бұрын

@@MattBorchert Thank you very much

@robertwithers8293 2 жыл бұрын

Hey Matt - thanks for the video , very informative . I inherited a collection of artwork painted by my dad who retires to paint at 70 and passed at 82. - I have digitalized them and would like to sell them as NFT's I checked out Foundation - but I don't know anyone in the space , and as it's by invitation by a current member , I can't join . Any other ideas ? Would really appreciate some guidance . Thanks !

@MattBorchert 2 жыл бұрын

OpenSea has a create button that will allow you to upload your NFTs for free. I think they don't actually "mint" them and therefore charge gas fees until they're listed and sell. Or maybe just when they're listed, I'm not 100% sure. The trade-off there is that you'll have to figure out a way to market the NFTs to bring a potential audience to them. Hopefully OpenSea can work for you though, it's by far the largest NFT marketplace right now.

@TDZ43 2 жыл бұрын

I wish to sell my art soon on open se as well. I've been reading that you can sell for free without any gas fees on the Polygon Blockchain. When you start a collection change it from Eth to Poly.

@allancolding991 2 жыл бұрын

I'm just starting with nft's and I want to know if I can have a small number of pieces in my collections like 4 or 5 as opposed to 5,000 or 10,000?

@MattBorchert 2 жыл бұрын

Yep! Many do 1 of 1s.

@allancolding991 2 жыл бұрын

Great, thanks

@hussainsiddiqui9979 2 жыл бұрын

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 2 жыл бұрын

Correct! It shouldn't be too difficult, you can Google for tutorials on how to add the MATIC network to your Metamask.

@hussainsiddiqui9979 2 жыл бұрын

@@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 ??

@MattBorchert 2 жыл бұрын

@@hussainsiddiqui9979 Metamask is the interface for both the MATIC mainnet as well as the ETH mainnet.

@MomentoMori769 2 жыл бұрын

What is a OpenSea POOL? How can I join one or create one?

@lr7955 2 жыл бұрын

Great

@picassopyllz8266 2 жыл бұрын

How do you understand the rare traits on 1of1’s?

@MattBorchert 2 жыл бұрын

That's sort of irrelevant for 1 of 1s, since they're already completely unique. :)

@amorsamo 2 жыл бұрын

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!

@MattBorchert 2 жыл бұрын

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.

@amorsamo 2 жыл бұрын

@@MattBorchert Thanks Matt, appreciate the fast reply!

@Alchemicalprincess 6 ай бұрын

Paintings or ai shit?

@Bunghole4 2 жыл бұрын

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.

@producedbysoshawty 2 жыл бұрын

gas fees can be waved by using polygon

@Moodboard39 2 жыл бұрын

@@producedbysoshawty huh

@AntiheroVHS 2 жыл бұрын

@@Moodboard39 the polygon blockchain. It is an option when you create a NFT in opensea that allows you to bypass the gas fees.

@Moodboard39 2 жыл бұрын

@@AntiheroVHS oh really? Hmm, interesting

@AntiheroVHS 2 жыл бұрын

@@Moodboard39 yup just select ETH Polygon when you mint and you can mint gas free!

@nairodoohk6362 2 жыл бұрын

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 2 жыл бұрын

I would start small and see how it goes. Adapt based on the outcome.

@nairodoohk6362 2 жыл бұрын

@@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.

@MattBorchert 2 жыл бұрын

@@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. :)

@nairodoohk6362 2 жыл бұрын

@@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

@natehenderson4243 2 жыл бұрын

How do you know which trait is your rarest on your particular nft ? Just by the lowest percentage or what?

@MattBorchert 2 жыл бұрын

Lowest percentage will be the rarest trait. :)

@natehenderson4243 2 жыл бұрын

@@MattBorchert makes sense, I appreciate it!

@ivorytheavali 2 жыл бұрын

Question: Is it better to sell NFTs you make at a low price, I'm just trying to understand the best way to make this work!

@softwaremediaguru 2 жыл бұрын

can you upload videos about Royalties? and how does it exactly work? and do I need to permanently freeze the matadata of my NFT?

@MattBorchert 2 жыл бұрын

Royalties will basically pay out to you on perpetuity so long as the sales happen on the marketplace where you created the item. Unsure how that works cross-marketplace. I do know people can avoid the royalties via private deals.

@softwaremediaguru 2 жыл бұрын

@@MattBorchert ah okay, thanks for telling me about the private deals, I think it's still good to put at least 1 to 2.5%% royalties in every collection just in case. my only problem right now is getting discovered. marketing is the most tiresome thing in the internet.

@jaloejuice Жыл бұрын

What would you say is a reasonable price for your first nft?

@thecabrera3963 2 жыл бұрын

yoo im like a frustrated artist, to begin with opensea, i can upload my work on whatever format i want .jpg .png .gif? or everything i upload requires to have some special code? I WATCHED A TUTORIAL VID AND THIS MADLAD OPEND SOMETHING LIKE THE CMD CONSOLE AND STARTED TO TALK ABOUT HOW TO UPLOAD THINGS ON OPENSEA (im a dead cow with programmation)

@MattBorchert 2 жыл бұрын

You shouldn't need to program anything. Just go to OpenSea and click the create button in the navigation. Connect your metamask wallet and it will walk you through the process.

@kmkii769 2 жыл бұрын

after putting 5k nfts in opensea, would i need to change every price physically one by one? or there is a better way? Thank you

@MattBorchert 2 жыл бұрын

I would say this can almost certainly be automated in some way. I'd Google around. It's not something I personally have experience with.

@fatgutsquirrels3502 2 жыл бұрын

Who else benefited from this? Thanks for the great work.

@vedatsozen 2 жыл бұрын

How can you draw this kind of clothes of every character ?

@danielfriasfotografia 2 жыл бұрын

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 2 жыл бұрын

I'd suggest between 2.5% on the low side and 10% on the high side. Many settle around 5%.

@danielfriasfotografia 2 жыл бұрын

@@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. 🤔

@esraakhaled7838 Жыл бұрын

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 Жыл бұрын

You'll receive income from every sale.

@esraakhaled7838 Жыл бұрын

@@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?

@devononeill8921 2 жыл бұрын

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?

@MattBorchert 2 жыл бұрын

You can list in USDC instead! Most sales happen in ETH, however.

@francesconigrelli2443 2 жыл бұрын

What generally happens After Reveal? Does the floor price increase or not ? Thanks for your reply!!

@MattBorchert 2 жыл бұрын

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.

@alexandroid5742 2 жыл бұрын

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?