How to Sell NFT in India

What is an NFT Marketplace?

NFT marketplace is a virtual marketplace, and economy platform. This platform permits artists to display and list their art in the form of digital assets, and buyers and investors from all over the world purchase these art pieces in the form of digital assets.

This process and system are very much similar to online shopping done through digital and E-wallet payment.

To access and use these types of the marketplace you need to have the following;

1. A crypto wallet

2. A number of coins in the wallet

3. A user account

It is important to note for listing and creating NFTs on an NFT marketplace, the platform incurs a blockchain network fee as well. The fees vary on which blockchain-based system investors/buyers decide to use.

How to sell nft in india

List of Best NFTs Marketplaces

The top 9 NFTs marketplaces are as followed;

1. WazirX

WazirX was launched in the year 2018, as an Indian Cryptocurrency exchange, currently this company has about 7.3 million users.

The company is specialized in cryptocurrency, cryptocurrency exchange, digital assets, exchange Tron, Ripple Bitcoin wallet, P2P, Buy Ripple in India, Buy Tron in India, crypto trading India Investing and Buy Mtic India. It is a private company.

• Founder- Mr. Nischal Shetty

• Year- 2018

• Other Services- Crypto trading and investing

2. BollyCoin

BollyCoin is a way of connecting Bollywood and Blockchain, this company showcases collections done by Bollywood projects. This marketplace offers movie clips, posters, and stills of the movies to its user.

This marketplace was founded by Mr. Atul Agnihotri, in the year 2021. It is a private type of company, the specialties of this company are cryptocurrency, NFTs, Blockchain, web3, Bollywood and Indian cinema. Till now bollycoin has sold about 20mm tokens.

• Founder- Atul Agnihotri

• Year- 2021

• Other Services- Cryptocurrency and blockchain of Indian Cinema

3. Binance NFT Marketplace

Binance NFT works as a magnet for many artists, creators and bands, it provides creators with a comprehensive place to showcase and explore their creativity.

This company was founded by Mr. Changpeng Zhao in the year 2017. It is a private type of company specializing in Digital Assets Exchange, Blockchain, Cryptocurrency Exchange, Bitcoin, Fintech, Ethereum, DLT Exchange, Cryptocurrency, Altcoins, Cryptocurrency Information, Trading Platforms and finance.

The company has about＄360 a million as its trading volume and has sold about in a day.

• Founder- Changpeng Zhao

• Year- 2017

• Other Services- Digital assets and its information

4. Jupiter Meta

Jupiter Meta enables users to buy and sell NFTs across a variety of sectors such as music, art, films and culture, this platform showcases an information chart of NFTs in cooperation with four artists. 

It also provides digital art pieces to its users. This company was founded by Mr. Sathyan Rajan and Mr. Chakradhar Reddy Kommera in the year 2022. It is a private company specializing in the marketplace for arts, music, games and cinema. Jupiter Meta partners with NGOs for 50% of the proceeds.

• Founder- Sathyan Rajan and Chakradhar Reddy Kommera

• Year- 2022

• Other Services- Digital art pieces

5. BuyUCoin

One of the best and leading crypto exchanges in India is BuyUCoin, this platform enables people to buy and sell cryptos like Ethereum, Bitcoin, Ripple, and Staller.

This marketplace allows its users to control UPI for its financial advantages, other than cryptos this company is also specialized in Financial Exchanges, Virtual Trading, Trading and Decentralisation, E-commerce and investments as well.

This company was founded by Mr. Shivam Thakral and Mr. Atulya Bhatt in the year 2016. Today this company is serving about 350,000 users.

• Founder- Shivam Thakral

• Year- 2016

• Other Services- Virtual trading and decentralization

6. Rarible

Ranked as the top NFT marketplace from the year 2020, is a private company specializing in NFT Marketplace, Art, DeFi and governance. This company was founded by Mr. Alexai Falin in early 2020.

This platform has created the Ethereum blockchain and has partnered with some big brands like Adobe and some famous artists as well. 

The company has two tokens, the first is the ERC-721 for creating unique one-off items and the second  one is ERC-1155 for creating multiple editions of a single item. This marketplace allows its users to make their decisions on their own.

• Founder- Alexai Falin

• Year- 2020

• Other Services- DeFi Governance

• Partners- Adobe

7. Beyondlife

Mr. Arun Panday found Beyondlife in the year 2003, the company become popular after launching NFTs of the legendary Bollywood actor Mr. Amitabh Bachan, around 5,000 loot boxes were sold around only in 53 minutes and

another shot by the company was after launching NFTs of Stan Lee’s co-creation Chakra, around 6,865 loot boxes were sold within just 51 seconds and the jukeboxes were sold in 49 seconds. One of the best marketplace to buy, sell and create NFTs.

• Founder- Arun Pandey
• Year- 2003
• Other Services- Create NFT

8. Open Sea

This marketplace was founded by Mr. Devin Finzer and Mr. Alex Atallah in the year 2018, this NFT market has a very wide collection of NFTs like sports, collectible trading cards, and censorship resistance domain names.

Users find this marketplace comfortable and user-friendly, the company holds about 75% of all NFL transactions on the Ethereum network. This platform is used by some famous celebrities also, tokens used by this company are ERC-721 and ERC- 115.

The users are allowed to explore Bored Ape, Yacht Club, Cryotikitties, CryptoPunks, Decentraland, Doodles, and some other NFT possessions as well. People buy, sell and create digital assets.

• Founder- Devin Finzer and Alex Atallah
• Year- 2018
• Other Services- Explore Bored Ape and Doodles with Cryotikitties

9. Colexion

This NFT marketplace was founded by Abhay Aggarwal in September 2021, known as the largest licensed in the NFT marketplace. This platform enables its users to buy and sell their arts. 

This company is partnered with sports stars, musicians in the form of trading cards. The marketplace has launched a digital token of Trump Cards, users can access gaming platforms with gaming personalities.

• Founder- Abhay Aggarwal
  
• Year- 2021
• Other Services- Gaming platforms with gaming personalities

How to Buy NFT in India

To buy NFTs, the buyers need to follow the steps mentioned below;

Step 1- Go and search for WazirX NFT on the Google search engine, then click on the official website which is ranking in the first place.

Step 2- On the homepage of WazirX, you will get a list of various NFTs to explore.

Step 3- Then you need to choose and click on the artwork you like.

Step 4- Here you will get an option to pay the price in the native coin of WazirX, WRX

Step 5- Once clicked, it will ask you to connect to an Ethereum-based account MetaMask.

Step 6- Once its done, fund the account and do confirm your purchase

Step 7- Now, you can finally own digital art.

How to Sell NFTs?

The selection of artists on WazirX has been divided into two sections. The first one is ‘Spotlight’ and the second one is ‘Discover’.

The Spotlight sections are organized according to the diversity of their work, genre, popularity and credibility. On the other hand, the Diversity section announces 50 selected artists each day.

Steps to follow for selling NFTs are mentioned below;

Step 1- Search WaizirX on the Google search engine and click on the website URL

Step 2- Go to the upload section of the website.

Step 3- Set up MetaMask and connect with your account

Step 4- Upload to convert your art into NFT, you need a Binance coin as a gas fee.

Step 5- Once the payment is made, upload and give the details about the art such as title, description, price, and royalty to the art.

Step 6- After that, you can start minting your NFT

Step 7- WazirX will escrow your property as buyer protection.

Step 8- Your NFT is then lifted for sale.

Conclusion

Through this article, we conclude and get to know about NFT, its marketplace and various steps to buy and sell the NFTs. We have come to know that NFT, which stands for Non-Fungible Tokens, are unique digital tokens in the blockchain network. 

Now in India, the NFTs and cryptocurrencies have come into trend and limelight as the nation is taking some steps forward in the digital currency and digital assets as well.

The top 9 NFTs marketplaces described above in this article will help you to know deeply about these markets and NFTs works in the real world and what are specialties of NFTs and is a virtual trading economic platform.

I hope you liked our article on how to sell nft in india, if you have any comments or suggestions do share them in the comments below.

Frequently Asked Questions (FAQs)

Q1. Can I buy and sell NFT in India?

Trade of NFTs depends upon the rarity of NFT, whereas to start NFT transactions you need to have a crypto wallet, mainly the MetaMask, and registration on any safe and protect NFT marketplace and start your purchase and sale of these digital assets using the digital crypto wallet.

Q2. Where can I sell NFTS?

NFTs can be sold on virtual marketplaces like;

1. Open Sea

2. Rarible

3. Super Rare

4. Foundations

5. Atomic Market

6. Myth Market

7. BakerySwap

8. KnownOrigin

9. Enjin Marketplace

10.  Portion

11. Async Art

12. Nifty Gateaway

13. Zora

14. Mintable

15. Decentraland

Q3. Can we make money from NFT in India?

Through the minting process, the creators of the users can set up their own royalty percentage. This means that any secondary market sales will provide to the creators.

With a payment. Open and Axie marketplace are the best platforms to make money through NFT transactions.