Should I sell my NFT on an auction or fixed price?
Almost every NFT marketplace includes two functions to sell NFT collections i.e., auction sale and sale at a fixed price. After minting your NFT collections, you will get paid for all of your hard work. But which way of selling NFT is better? The right type of sale depends on your wants and needs. Read further to know more about these factors that will define the right way to sell your NFT.
Let us tell you in advance that there is no correct way to sell your NFT on platforms. The auction sale is subdivided into two ways i.e., No Reserve Auction and Decreasing Price Auction. However, most people go for Standard Auction because of its simple, reliable, and familiar features.
Ways to know which type of sale is best for you? We have listed the factors that will help you answer your question.
1. Money situation: How are you financially stable? If you want to make quick money by selling NFT collections then take quick action and go for no reserve auction. This method derives many users and all these bids can be run for short time, for example for 24 hours.
2. Time-sensitive token: If you are trying to sell your NFT with other items then you must go with an auction and sets a deadline. At the end of the auction, the highest bidder will bag the NFT artwork.
3. Investment sales: If you are looking for the right time to sell your NFT then decreased price auction is for you. Decreased price auction will bring the crowd to your page.
4. Fixed price: This is the popular type of sale in the digital world. Here you will fix the price of your NFT collection and the buyer must pay the amount to buy your NFT collections.
About Krazy Kong NFT
Krazy Kong is one of the modern apes who is trying to get over his tumultuous past and fit into modern human society. He has been constantly absorbing information through various media including television, cinema, and the internet. The main motive of this NFT project is to bring awareness to environmental and social issues including deforestation, animal rights, inequality, and conflict within and between animals and humans.
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