MakersPlace is expanding the breadth of its verified Marketplace, allowing collectors to purchase and/or sell verified 3rd party NFTs directly on MakersPlace. All 3rd party projects will be curated and thoroughly vetted by our curation team to ensure its authenticity.
Learn how to list your NFTs for sale on MakersPlace in the article below.
Log in to / Connect your Wallet
You can do this with either your MakersPlace account or by using your personal digital wallet (we recommend MetaMask). Once you do so, all verified 3rd party NFTs that you own will appear in your collection.
Set Your Price
Visit the artwork product page of the NFT you own, there you will see a toggle to “Sell this Artwork”. Turn the toggle on to set a price and list your NFT on our marketplace.
If you logged in through your MakersPlace account but your NFTs are stored in a personal wallet, you will be prompted to grant permissions through your digital wallet before you can list your NFT and set a price. You must have your digital wallet installed in your browser, logged in, and connected to the correct wallet in order to complete this step.
This permission grants our smart contract with the ability to transfer your NFT to the buyer upon purchase. The transfer can only happen if and only if the buyer pays the full amount in ETH. Your NFT cannot be transferred under any other circumstance.
Set a Lowest Asking Price (Buy Now & Reserve Price)
When listing your NFT, you will be given two options for setting a lowest asking price:
Buy Now : Any interested buyer will be able to purchase your NFT for the price listed immediately. You will not need to accept any bids or engage in any actions for the sale to go through.
Reserve Price: A reserve price signals the lowest amount you would be willing to accept for your NFT. Once your listed reserve price is met, a 24 hour auction will automatically be triggered. During this time, other interested buyers can place bids. The bidder with the highest offer at the end of the auction will be the new owner of the NFT – to win the auction their bid must stand for 15 minutes without any counteroffers, otherwise the auction will be extended by 15 minutes.
Gas Fees & Setting Prices
If you are using a MakersPlace custodial wallet, no gas fee will be required for setting either Buy Now or Reserve Prices.
If you are using your personal ETH wallet, you will be required to pay an initial gas fee to set a Buy Now price, switching your Buy Now price to a Reserve Price, or delist your NFT. You will not be required to pay a gas fee to set a Reserve Price.
A note on gas fees and how they work:
MakersPlace runs on the Ethereum blockchain, which can be thought of as a global computer, operated by many individual computers across the world. To help run the blockchain, each interaction with it requires a small transaction fee to compensate the operators of Ethereum — This is…
Read More: rare.makersplace.com