How to Sell an NFT on Singular
Last updated
Was this helpful?
Last updated
Was this helpful?
This guide will show you how to sell your NFT on Singular. Before you can sell an NFT, you have to mint (create) on. Read this guide to learn how to create an NFT.
There are two methods you can use to sell your NFTs: fixed price or via a GBM auction. Let's start by listing your NFT for sale.
Connect your wallet: Start by connecting your wallet to the Singular platform. Click the 'Connect' button at the top right corner of the website. Choose your preferred wallet and connect it to Singular. You'll be asked to sign a transaction allowing Singular to manage your NFTs. Review this and sign (or 'approve') the transaction.
Navigate to 'Your Space': Click on 'Your Space' at the top of the Singular website. This will take you to a page where you can see all the NFTs in your connected wallet.
Select the NFT you want to sell: Browse through your collection and click on the NFT you want to list for sale. This will take you to the NFT's specific page.
Allow sale of your NFT: On the NFT page, click the 'Allow Sale' button, which is below the image of your NFT. You'll be asked to sign a transaction that changes the 'Allow Sale' button into a 'List for Sale' button. (first time you allow an NFT, a popup window will appear asking if you want to allow the entire collection. This will allow you to sell other NFTs from your collection in the future without performing again this transaction).
Click the 'List for Sale' button: Now that the 'Allow Sale' button has transformed into a 'List for Sale' button, click it to proceed with the sale.
Confirm your sale: Once you've set a price and duration, you will need to confirm the sale. This involves signing another transaction, essentially confirming you are the owner of the NFT and agree to the terms of the sale.
List your NFT: After confirming, your NFT will be listed for sale on the Singular platform for the duration you've set.
If you are unfamiliar with what a GBM Auction is, read this guide.
Start your auction: Once you've set your parameters, you can start your auction. Just like with selling at a fixed price, you'll need to sign a transaction to confirm the sale.
Remember, once your NFT is listed for sale or up for auction, all you have to do is wait for a buyer. When someone buys your NFT, the funds will be automatically transferred to your connected wallet. Be sure to promote your NFT on social media or other platforms to attract potential buyers. Also keep in mind that if you cancel the auction with bids, you need to cover those costs.
Happy selling!
Set your price and duration: You will be prompted to set a price for your NFT and the duration for how long your listing will be live. Decide on a price that reflects the value of your artwork and a duration that gives your NFT enough exposure.
Choose GBM Auction and set parameters: On the 'List for Sale' page, select 'GBM Auction' as your sale method. You'll be prompted to optionally set a starting price for your NFT and the duration for how long the auction will be live. This is also where you specify the rate of bidder rewards: low, medium, high, or degen.
