With news circulating about the huge profits that can be made from NFT, this is one of the most asked questions by people, “ Can NFT be cashed out?” This article will discuss in detail how to withdraw NFT.

Owning NFT Assets
NFT is a blockchain -based digital assetthat can take the form of many types, ranging from NFT art, NFT music, and others. To be able to cash out NFT, of course, you must first have NFT assets.

There are several ways to own NFT assets, namely:

Bought it from another party
Win it in auction
Make it yourself
If you use the third method, the first thing you have to do is prepare a digital work to be converted into NFT.

Some of the most common types of digital works for NFT are:

Photos or pictures, whether in the form of paintings, pixel art , or others.
Audio recording, can be a song or a creative sound recording.
Videos, ranging from animations, short films, and so on.

All NFT transactions require a dedicated digital wallet for crypto . Generally, NFT marketplaces use ETH for transactions. However, some marketplaces may have their own currency.

Again, it is important to note that the digital wallets used here are digital wallets that accommodate crypto exchanges .

Therefore, make sure you already have a digital wallet account before submitting your work to the NFT market.

The process of cashing out NFT is related to the process of selling NFT products. Whether you buy NFT from another party or create your own NFT, you must register on the NFt marketplace to be able to market your NFT.

Some of the most widely used NFT marketplaces today are:

OpenSea
Rarible
SuperRare
Axie Infinity
LooksRare
and others.
Each NFT marketplace has its own rules regarding how to register, how to sell, gas fees , and others.

Find Buyers
Especially if you create your own NFT, finding a buyer is one of the most difficult things. In this case, you can carry out various sales strategies to find buyers as soon as possible. Some tips that you should pay attention to so that the NFT that you make can be sold, are:

Prioritize Scarcity
One of the most determining the price of NFT is from the side of scarcity. The rarer the product, the higher the price and will attract more people.

One way is that you can sell artwork on only one or two platforms to show the exclusivity of NFT. If your work does appeal to investors and collectors alike, buyers will find out for themselves where they can find your work.

Promote Through Social Media
Use social media to promote your NFT work. Add #nftcollectors, #nfts or other hashtags to make it easier for your work to be found by those who are really interested in buying NFT.

https://public.flourish.studio/visualisation/9013132/
https://public.flourish.studio/visualisation/9013145/
https://public.flourish.studio/visualisation/9013226/

https://public.flourish.studio/visualisation/9013419/
https://public.flourish.studio/visualisation/9013484/
https://public.flourish.studio/visualisation/9013561/