List Your NFTs Your Way With VereNFT To Sell Effectively And Maximise Revenue

Whether your NFT is a rare gem, or you want to maximise reach to make a quick sale, VereNFT’s whitelabel NFT marketplace allows you to customise your NFT selling experience to achieve your goals.

For some people, NFTs are a collectible item. They hold them purely for the sheer joy they bring. For others, they are a business decision: their primary purpose is to generate income. If you’re ready to sell your NFT, the highly customised experience that VereNFT offers means that you can sell your NFT in a way that suits you and your goals.

VereNFT is an enterprise-grade whitelabel NFT platform that supports established businesses in the creation of their own NFT strategies.

The flexibility of VereNFT takes all the complexity and hassle out of listing and selling your NFTs. You can either sell your NFT for a fixed price (otherwise known as buy it now) or in an auction. The former allows you to sell your NFT at a predetermined price, and the latter allows you to set a reserve price ahead of an auction, where users can bid on the item. Both options support fiat and cryptocurrency listings (more on this here).

Who Can List Their NFTs For Sale?

There are two ways you can list your NFT for sale: as a minter, or as a reseller/owner. For instructions on how to mint an NFT, visit our previous blog post on this here.

Once you’ve created your NFT, you will have to make it visible before you can list it. The VereNFT website has been designed to be user-friendly for everyone — even (especially!) those with limited prior technical or blockchain experience. Making your NFT visible requires only the click of a button:

Once your NFT is visible, you can list your NFT for sale.

How to Sell Your NFT at Fixed Price

First, select the currency you want to sell your NFT in and get paid in. To sell your item and get paid with cryptocurrency, you’ll need a MetaMask wallet — a digital wallet used to store and manage your cryptocurrencies — and you’ll need to connect it. This can be done with the click of a button, but if you’re not sure how to do it, or don’t have a MetaMask wallet, you can also get paid with fiat. If you choose to get paid with fiat, you will have to connect a Stripe account before you can start the auction.

Next, choose the date (DD/MM/YYYY format) and time you want your sale to end (you will also be able to select your time zone), and hit ‘list item for sale’.

You can withdraw your NFT from sale at any time.

How to Sell Your NFT in an Auction

The process to sell your NFT via auction is just as easy as selling it for a fixed price.

Just select the ‘auction’ option, choose whether you want to sell in fiat or cryptocurrency as above, determine the price you’d like to sell your NFT at, and how long you’d like your NFT to be listed for.

You may have to wait a few minutes for the auction to open, but once it does, people will be able to start bidding until your chosen close date. It’s as simple as that!

Just like with fixed price sales, you can withdraw your NFT from auction at any time. And if the highest bidder’s payment fails, you have the option to either select the second-highest bidder, or withdraw the item from auction altogether.

Once someone buys your item, you will automatically be paid into your Stripe account (for fiat listings) or MetaMask wallet (for cryptocurrency listings).

Benefits of Selling NFTs via Auction or Fixed Price

Auction

1. Perfect Strategy for Rare Collectibles: Auctions are ideally suited for rare or collectible items. Why? Because the high-demand-low-return profile means that not only will people be actively looking for them, but they’ll likely get a kick out of fighting it out to win them in a bidding war. Which leads us on to…
2. Maximise Your Returns: Bidding wars often mean that items can sell for far higher than your ‘floor price’, because potential buyers enjoy the competitiveness that fighting against someone else brings — meaning higher returns for you!

Fixed Price

1. Reach More Customers: People don’t always want to bid on items. Depending on the type of NFT you’re selling, they might just want to purchase and get on with their day. This is especially the case if you’re selling multiple similar items, which also means that you can…
2. Sell your NFTs More Quickly: With a fixed price listing, you only need one interested customer in order to make a sale at your desired price, rather than several.
3. A Simpler Approach: Sometimes you want simplicity when it comes to selling your NFTs. Just like in real life, where stores stock shelves full of procuts with their price clearly labelled, and someone decides they like it and buys it for that price, choosing to sell your NFTs in this way creates a straightforward transaction where everyone knows what they’re getting.

Both

• Minimum Price Else No Sales: Whether you choose to sell your NFT via a fixed price or auction listing, we guarantee that the sale only executes when the minimum sale price is attained. And if you change your mind before the sale time is over, you can withdraw the NFT from sale at any time.

Final Words

The options to list either for a fixed price or in an auction means that you can really get the most out of your NFT and maximise your revenue. Both listing options have their benefits, depending on your goals and what you’re selling. Luckily, VereNFT lets you pick the one better suited for you, so you can get the most out of your listing.

Interested in learning more about selling your NFTs on VereNFT? Book a demo with us at info@verenft.io, or subscribe to our newsletter.

About VereNFT

Powered by the Aventus Network, VereNFT is an enterprise-grade whitelabel NFT platform that supports established businesses in the creation of their own NFT strategies. Its solution is deeply customisable and flexible, enabling businesses to create a completely bespoke marketplace. To date, VereNFTs use cases span art, music, video games, film, sports, horse racing, data and many more.

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