Selling an NFT using CrunkSpot is simple and user-friendly. Anyone can list an NFT for sale, whether that's the creator of the NFT or the person who most recently collected it. Creators and collectors have two main ways to sell using CrunkSpot: via fixed price sale.
An NFT (non-fungible token) is a unique digital item stored on a blockchain. NFTs can represent almost anything and serve as a digital record of ownership. To sell an NFT using CrunkSpot, you'll need a few things: a CrunkSpot account, a crypto wallet, and something really awesome to sell. It's up to you to decide what that awesome thing will be. Your NFT will consist of two things: a piece of media (like an image, music, or video) and what that media represents. For example, 3D digital art that represents ownership of that art, interactive media that represents digital land you own, or an image of a card that represents membership to an exclusive club.
Selling NFTs isn't just for the people who create them. An NFT can also be sold by the collector who bought or received it from the original creator, or the collector who bought or received it from the previous collector, and so on. Whoever currently owns the NFT can sell it.
To sell your NFTs using CrunkSpot, you can sell your NFT for a fixed price, which will allow buyers to purchase it outright. Fixed price sales allow sellers to define exactly how much they want to sell the item for.
Any transaction, including sales, typically includes gas fees, creator earnings, and a marketplace fee. Sellers pay gas fees when accepting offers. Creator earnings are set by the creator of the NFT and taken out of the sale amount the seller receives. CrunkSpot's fees are simple and straightforward: CrunkSpot receives a 2.0% transaction fee and a 75% royalty fee for the primary and secondary sale price of your NFT.
Creators can set a collection-level fee of up to X%, which allows them to earn money every time their NFT is sold, even after it's owned by other collectors. Creators can modify this fee at any point. The creator fee is taken out of the sale amount the seller receives.
At CrunkSpot, we offer a way to keep costs to a minimum while selling your NFTs. The new protocol for buying and selling NFTs using CrunkSpot significantly lowers gas fees. CrunkSpot is the largest and most diverse music, merchandise, and events NFT marketplace online, and we're proud to continue to offer users the best NFT buying and selling experience in web3.