How to Sell NFTs on the RealNifty Marketplace
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December 14th, 2022

This guide takes you through how to sell any NFTs you own or have created on the RealNifty marketplace.

Like any marketplace, the RealNifty marketplace comes with the ability to sell any NFTs you own or have created.

The process is simple but we want to walk you through it anyway, as well as the two types of sale mechanisms you can use, namely selling at a set price (Buy Now) or selling as an auction.

Selling at a Set Price (Buy Now)

For any NFTs that are in your connected wallet (whether you’ve previously bought or created them on the RealNifty site), you can sell them through the marketplace.

Selling at a set price means you decide a price to sell your NFT at and any purchasers will have to pay that price to purchase.

First, you need to head over to your RealNifty profile where you will be able to see all the NFTs you own. Connect your wallet, click on your profile image in the menu bar and select ‘My profile’.

Select the NFT that you want to sell by clicking on it to bring up the NFT’s specific page.

You should see two buttons on this page. One saying ‘Sell’ and one saying ‘Auction’. We’re selling at a set price so click on ‘Sell’.

A pop-up will ask you to input the price you wish to sell your NFT for. This price must be in ETH. Input the price and press ‘List NFT for Sale’.

Your connected crypto wallet will now pop up and ask you to sign a transaction to allow the NFT to be put up for sale on the RealNifty marketplace. This transaction will need you to sign off a gas fee so make sure you have some ETH in your wallet. The fee should be relatively low depending on gas prices. If you’re happy, click confirm.

After around a minute, the transaction will be complete. Your NFT is now for sale on the RealNifty marketplace!

You will be taken back to the NFT page that you put up for sale but will now notice two different buttons. Instead of ‘Sell’ and ‘Auction’, you will now have ‘Update Listing Price’ and ‘Cancel Listing’.

You can use these buttons to either change the price of the NFT you have for sale or remove the NFT from being sold. Both options would also cost you gas fees.

Selling as an Auction

The process for selling your NFT as an auction is relatively similar but uses auction mechanics.

Click on the ‘List for Auction’ button from the NFT page that you want to sell. A pop up will arrive asking you to Enter a reserved amount. This is the price you want the auction for your NFT to start at - no one will be able to bid lower than this price. Input your price and click ‘List NFT for Auction’.

Your connected crypto wallet will now pop up and ask you to sign a transaction to allow the NFT to be put up for auction on the RealNifty marketplace. This transaction will need you to sign off two gas fees so make sure you have some ETH in your wallet. One fee is for approving the NFT and the other is for listing it for sale.

Once approved, your NFT is up for auction!

Users will be able to bid on your NFT starting at the price you set. Just like putting an NFT up for a Buy Now sale, the auction buttons will have been replaced with ‘Update Listing Price’ and ‘Cancel Listing’ buttons.

Any users that view your NFT on the RealNifty marketplace will now see a ‘Place Bid’ button on your NFT’s page. They will be able to place a bid that is either equal to the starting bid price, or higher than any subsequent bids.

Please note: Auctions will last 24hrs from the first bid received. If a user bids on the item in the last 15 minutes of the auction, an additional 15 minutes will be added on until the item is sold or another bid is received. Please also be aware that RealNifty takes 5% of any sales on the RealNifty marketplace. Creators will receive between 0 - 10% of sales of NFTs they minted depending on what was added at the time of minting.

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