Selling NFTs

Complete guide to listing and selling your NFTs on the Lyraverse marketplace.

Getting Started

Prerequisites

• ✅ NFT Ownership: Own the NFT you want to sell

• ✅ Wallet Connected: Hyperliquid-compatible wallet

• ✅ Marketplace Access: Navigate to NFT detail page

• ✅ Gas Fees: Small amount for listing transactions

Access Points

1. NFT Detail Page: "List for Sale" button

2. Profile Dashboard: Bulk listing options

3. Collection Page: Quick listing for owned NFTs

Creating a Listing

Step-by-Step Process

1. Navigate to NFT

// Go to NFT detail page
/nfts/{contractAddress}/{tokenId}

2. Initiate Listing

• Click "List for Sale": Opens listing modal

• Verify Ownership: System confirms NFT ownership

• Check Approvals: Marketplace contract approval status

3. Set Listing Parameters

{
  "price": "2000000000000000000",    // Price in wei (2 HYPE)
  "currency": "HYPE",                // Only HYPE supported
  "duration": null,                  // No expiration on Lyraverse
  "royalties": 5                     // Creator royalty percentage
}

4. Confirm Listing

• Review Details: Price, fees, royalties

• Estimate Gas: Transaction cost preview

• Sign Transaction: Approve listing creation

Listing Types

Fixed Price Listing

• Set Price: Fixed HYPE amount

• Instant Sale: Immediate purchase possible

• No Expiration: Listing remains active until sold/cancelled

Auction Listing (Coming Soon)

• Starting Price: Minimum bid amount

• Duration: Auction time period

• Reserve Price: Hidden minimum price

Managing Listings

Active Listings View

1. Profile Page: "My Listings" section

2. Dashboard: Overview of all active listings

3. Collection Filter: View listings by collection

Listing Analytics

{
  "views": 1250,
  "favorites": 45,
  "offers": 8,
  "timeListed": "7 days",
  "estimatedValue": "2.1 HYPE"
}

Pricing Strategy

Setting the Right Price

Research Market Value

• Floor Price: Collection minimum price

• Recent Sales: Similar NFT transaction history

• Rarity Factor: Adjust based on NFT rarity

• Market Trends: Overall NFT market conditions

Pricing Examples

Common NFT: Floor price = 1.5 HYPE → List at 1.8 HYPE
Rare NFT: Floor price = 5 HYPE → List at 6.5 HYPE
Legendary NFT: Floor price = 50 HYPE → List at 65 HYPE

Dynamic Pricing

• Start Higher: Price above floor for negotiation room

• Gradual Reduction: Lower price if no sales

• Market Adjustment: Update based on collection performance

Offers and Negotiation

Receiving Offers

• Offer Notifications: Real-time offer alerts

• Offer Management: View all offers on NFT

• Counter Offers: Propose different terms

Accepting Offers

1. Review Offer: Check buyer, price, conditions

2. Accept Transaction: Confirm sale

3. Automatic Transfer: NFT moves to buyer wallet

Declining Offers

• Soft Decline: No response (offer expires)

• Hard Decline: Explicit rejection

• Counter Offer: Propose alternative price

Transaction Process

Sale Completion

1. Buyer initiates purchase
2. Smart contract verification
3. Payment transfer (HYPE)
4. Royalty payment (automatic)
5. Platform fee deduction
6. NFT transfer to buyer
7. Listing automatically removed

Fee Structure

Sale Price: 10 HYPE
Platform Fee: 2.5% = 0.25 HYPE
Creator Royalty: 5% = 0.5 HYPE
Seller Receives: 9.25 HYPE

Advanced Selling Features

Bulk Listing

• Multiple NFTs: List several NFTs simultaneously

• Batch Operations: Set prices for entire collection

• Automated Pricing: Algorithm-based price suggestions

Collection Management

• Collection Floor: Maintain above collection floor

• Portfolio Strategy: Balance across different rarities

• Market Timing: Optimal selling periods

Optimizing Sales

NFT Presentation

• High-Quality Images: Best possible NFT display

• Detailed Description: Compelling NFT story

• Trait Highlighting: Emphasize rare attributes

Timing and Strategy

• Peak Hours: List during high activity periods

• Market Momentum: Sell during positive trends

• Holder Engagement: Build community around NFT

Marketing Tactics

• Social Sharing: Promote listing on social media

• Community Forums: Post in relevant Discord channels

• Cross-Platform: List on multiple marketplaces

Troubleshooting Sales

Common Issues

Listing Not Appearing

Issue: "NFT listed but not showing in marketplace" Solutions:

• Wait for indexer sync (2-3 minutes)

• Check transaction confirmation

• Verify contract approval status

Sale Not Processing

Issue: "Buyer paid but NFT not transferred" Solutions:

• Check transaction status on explorer

• Contact support with transaction hash

• Verify wallet balance and allowances

Incorrect Pricing

Issue: "Listed at wrong price" Solutions:

• Cancel current listing

• Create new listing with correct price

• Double-check price input format

Analytics and Insights

Seller Dashboard

• Sales History: Past transaction records

• Revenue Tracking: Total earnings over time

• Performance Metrics: Average sale price, time to sell

Market Intelligence

• Price Trends: Historical price movements

• Buyer Behavior: Popular price points and timing

• Competition Analysis: How your listings compare

Legal and Tax Considerations

Seller Obligations

• Ownership Verification: Prove legitimate NFT ownership

• Transfer Rights: Ensure NFT can be legally transferred

• Platform Terms: Comply with marketplace rules

Tax Reporting

• Capital Gains: Report profits from NFT sales

• Record Keeping: Maintain detailed transaction records

• Jurisdiction: Follow local tax regulations

Best Practices

For New Sellers

• Start Small: Begin with one or two NFTs

• Research Pricing: Study similar sales extensively

• Patient Approach: Don't rush into low offers

For Experienced Sellers

• Portfolio Management: Diversify across collections

• Market Timing: Understand optimal selling windows

• Relationship Building: Network with potential buyers

General Tips

• Professional Communication: Respond promptly to inquiries

• Fair Pricing: Set realistic expectations

• Continuous Learning: Study successful selling strategies

Future Developments

Planned Features

• Advanced Auctions: Dutch and English auction support

• Scheduled Listings: Set future listing times

• Automated Selling: AI-powered pricing optimization

• Cross-Marketplace: Unified multi-platform selling

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Master the art of NFT selling and maximize your returns! 💰🚀