How to Effectively Price Your NFTs on OpenSea (and Other Markets Too!)



How to price your NFTs for sale!
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This video covers various ways to better understand how to price your NFTs on OpenSea. I’ll cover concepts like floor price, the floor price for various traits your NFT has, and other elements like bot offers.


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Since NFTs are an illiquid market (think cars or houses), as opposed to a liquid market like Bitcoin, selling your assets involves a lot more variables to consider. I think that’s what makes the space a ton of fun, but that complexity also causes people to list items way under the real value in some cases, or way too high to ever sell. Hopefully this video can help you price a bit better! At the end I also chat about how to price your own artwork in order to find a market and get some sales.

Have any questions about what you’ve seen in the video? Feel free to leave a comment!

Intro – 0:00
Liquid vs. Illiquid Markets – 0:20
Understanding Floor Prices – 1:07
Understanding Recent Sale Prices – 3:25
Determining the Floor Price for Rare Properties – 5:10
Rarity Tools – 7:27
Pricing NFTs with Multiple Mints (Copies) – 8:35
Bot Offers – 9:58
Multiple Mint Pricing (cont.) – 11:21
Pricing Your Own NFT Artwork – 12:31
Conclusion – 14:57

#NFT #Crypto #OpenSea

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29 thoughts on “How to Effectively Price Your NFTs on OpenSea (and Other Markets Too!)

  • April 17, 2022 at 10:26 am
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    I am trying trial mode of the game DeFi Warrior for free. Could you review the main mode of it?

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  • April 17, 2022 at 10:26 am
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    This was an amazing explaination! I have been watching your channel for a while and you inspired me to continue making content around NFTs! Thank you!

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  • April 17, 2022 at 10:26 am
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    Were you able to sell anything on OpenSea successfully?

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  • April 17, 2022 at 10:26 am
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    Thank you! Super helpful video.

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  • April 17, 2022 at 10:26 am
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    I always thought those weth prices were just low ballers πŸ˜… like who bid 20$ on a 5k sale LOL

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  • April 17, 2022 at 10:26 am
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    Honestly your channel is one of the best if not the best in this space. Thanks a lot for your hard work on these videosπŸ™Œ

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  • April 17, 2022 at 10:26 am
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    Thanks for your teaching thank you humble my friend let others eat too

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  • April 17, 2022 at 10:26 am
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    Thanks for this I was feeling down and out until I saw this video. I'm just now beginning in NFT bought a mint today that failed lost like 400 bucks so far and bought 2 NFT's from OS but not feeling too good about them. I'm going to use your strategies. Thanks

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  • April 17, 2022 at 10:26 am
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    I've watched two of your YouTube Videos on NFTs and they were both educational. I really learned a lot. My question is can you make a NFT Video on how you sell the same NFT on Two Platforms at the same time. How is that done?

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  • April 17, 2022 at 10:26 am
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    I have a collection of art that I have bought over the years from various artists plus collection from my mum, who has been exhibiting her stuff for the past 60 years. We set up a website of mums stuff ( or rather my nephew did ). I am just learning about NFT's. Am thinking of digitizing all this work then trying to sell. Would it be worth making several copies, say 20 of each, and trying to sell these, or is it better to just sell the one ?

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  • April 17, 2022 at 10:26 am
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    i don't like Open sea
    Dude, I love the information you give, but how long have you been in the crypto world?

    and the world of NFT games?

    The thing is I'm a newbie and I want to get into Mononoke Inu which is in ETH, but I'm not sure, could you give some advice?

    Best regards my friend!

    Nice video!

    Reply
  • April 17, 2022 at 10:26 am
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    Brand new, one-of-a-kind NFT collections that are unlike any other have dropped in Opensea. Each NFT depicts artwork of a real place on earth. With only one copy available, each NFT will be a single rare piece of collectible art. Check out the collections below:

    https://opensea.io/collection/realuniquemoonshot

    https://opensea.io/collection/rarehighpotentialnft

    https://opensea.io/collection/real-one-of-a-kind-nft

    https://opensea.io/collection/realuniquenft

    Reply
  • April 17, 2022 at 10:26 am
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    Question: Is it better to sell NFTs you make at a low price, I'm just trying to understand the best way to make this work!

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  • April 17, 2022 at 10:26 am
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    A.Maze.ing walkthrough Matt, thank you for this!!! I'm not someone looking to flip, but instead, I'm an artist looking to sell it the first time. So I have a question, and sorry of I missed it here, but hat would be your opinion on what I'll call economies of scale, thats being the dilemma on pricing from the starting point…. Which is better in your opinion, minting a piece of art for a high price and lower editions OR higher editions at lower prices? Or is that merely an artistic choice that the market accepts with no concern? This all from an artist with appreciable following. Thanks again!

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  • April 17, 2022 at 10:26 am
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    Another question thanks stumped πŸ™ I am having an issue with my entire collection i just created.I had the collection originally set with ETH but after some research i saw you cant
    edit so i deleted collected ,changed wallet to OMatic and relisted.So when i try to Sell it still set to ETH how do i change it? I want Polygon to avoid gas prices.TY

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  • April 17, 2022 at 10:26 am
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    I listed on Opensea, wanted to price one at $200, message popped up saying minimum has to be $961
    Strange

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  • April 17, 2022 at 10:26 am
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    Thank you for this video, very insightful ,also a very big thank you to jeff_codes on Instagram bought a Doodles Whitelist from him and I’ve minted it successfully, he has two more Doodles Whitelist spot for sale ,I had to share with my NFT family .share or retweet to a crypto lovers!!!

    Reply
  • April 17, 2022 at 10:26 am
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    Bruh, you are Amazingly awesome and literally thanks for discussing all these points. It was insanely helpful….

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  • April 17, 2022 at 10:26 am
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    Hi Matt, Yesterday when I open my opensea account and I have already minted and listed my NFTs a couple days before but when i saw yesterday there was no pricing they were showing so what does that mean?

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  • April 17, 2022 at 10:26 am
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    Bots are like market makers in the stock market, they add liquidity to the market

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  • April 17, 2022 at 10:26 am
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    What generally happens After Reveal? Does the floor price increase or not ?
    Thanks for your reply!!

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  • April 17, 2022 at 10:26 am
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    Can you price your nft, without celling it?

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  • April 17, 2022 at 10:26 am
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    after putting 5k nfts in opensea, would i need to change every price physically one by one? or there is a better way? Thank you

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  • April 17, 2022 at 10:26 am
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    Your voice, it's so relaxing xD

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  • April 17, 2022 at 10:26 am
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    You can also do this
    (your NFT Rarity Score / minimum rarity score ) * Floor Price , so reduce 30-40% of result and if it s more than your buy , so sell it , you r in Profit , in this case your nft will be sold in an eye blink , otherwise start reduce price , i personally do it by 0.05E
    and always check NFT Rarity in the official rarity Tool which announced by team

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  • April 17, 2022 at 10:26 am
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    This video was very helpful, thank you.

    Reply
  • April 17, 2022 at 10:26 am
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    We are creating a virtual gallery platform where you can show your NFTs. It will help you to market your NFTs more

    Reply

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