Whether you are a musician or music collector, you must follow the same steps to sell your NFT music. 

Choose an NFT music marketplace

The first step is deciding which NFT marketplace you’ll use to sell your NFT music. There are several options for selling on the Ethereum blockchain. If you’re selling on another blockchain, your choices will be limited. 

You can read the full article here on what each marketplace offers and decide which one is the most appropriate for you. Below are the most popular NFT music marketplaces for buying and selling music NFTs:

• OpenSea
• SuperRare
• Rarible
• OneOf
• Origin Protocol
• Opulus
• Audius
• NiftyGateway

Once you have chosen the best NFT marketplace, you’ll need to create a crypto wallet if you don’t already have one. You will need a crypto account and crypto wallet to access these marketplaces. Please read the instructions in this article to set up an account on a cryptocurrency exchange and download a wallet. 

Mint Your NFT

When you’ve got your wallet ready, it’s time to mint your NFT music on the marketplace. Minting refers to uploading and validating your digital creation (or document, ticket, etc). The minting process is quite simple; you just have to click on a few prompts like “Mint Your NFT” and confirm the transaction.

There is usually a fee for the transaction known as a gas fee. The NFT platform itself doesn’t charge gas fees; they are fees for the blockchain transaction. Gas fees are often very high on the Ethereum network, so many artists have begun experimenting with alternative blockchains to avoid the high gas fees. 

List Your NFT for Sale

Once you have minted your NFT, you are ready to list it and sell it! Again, the steps are usually straightforward but differ slightly on each marketplace. Make sure to read the platform’s guide if you are confused.

There are also three different ways to list your NFT for sale; fixed-price listings, declining-price listings, and highest-bid auctions. With a fixed-price listing, you can choose a fixed price option and the expiration date of the listing. In a declining-price listing, you can choose a start price, end price, and how long the time should be between the start and end price. This helps creators sell their music NFTs above market price. The highest-bid auction option allows you to set the auction duration and to sell to the highest bidder in the time frame. 

Keep in mind that platforms charge anywhere between 2.5% to 5% on sales, which is a really sweet deal as most traditional middlemen charge way more. 

Quick recap:

1. Decide on an NFT marketplace
2. Create a crypto wallet if you don’t have one
3. Mint your NFT
4. List it for sale