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NFT, non-fungible tokens, are the new sensation in the cryptocurrency world. If you are keen on the latest technologies, you might have heard about NFT. However, if you didn’t know already, in March 2021, the NFT sale hit its pinnacle with $65 million NFT sale. And this is the reason why people showed interest in it and grabbed the opportunity to learn more about it.

The NFT marketplace website offers an opportunity for auctioneers, art lovers, painters, artists, and more to sell their hard work in the form of NFT. This option is becoming increasingly popular for these professionals since the gallery doors and museums are mostly closed.

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Understanding NFT

Before you learn how to set up an NFT marketplace WordPress website, it’s essential to understand what it is. As said earlier, non-fungible tokens are stored in a digital ledger. NFT is data representing something, for example, artwork or different types of digital files.

So, when you buy an NFT, you are essentially purchasing a digital recording of the ownership of a token. Once the transaction is completed, the token can be transferred to a digital wallet. The technology that NFT uses is similar to Litecoin, Bitcoin, and Ethereum.

As said earlier, an NFT will represent something. So, if you buy digital artwork in the form of NFT, you will be purchasing a token for the original artwork. You will get ownership of the token, but the copyright of the work will remain with the original artist.

You need to understand that NFT and cryptocurrencies run on the same technology, but they are different. With NFTs, you will purchase a token, and the value for every token will vary. Moreover, you can’t exchange NFT tokens. However, with Bitcoin, you can exchange it.

Properties of NFT Token

NFTs can’t be divided. So, if you have one NFT, you can’t sell them individually or partially. Each NFT token will have the artist and digital artwork’s encoded information. NFTs can never be exchanged because each of them is unique.

NFT tokens can be traded, and owners of these NFTs have multiple opportunities to monetize their assets by sharing, auctioning, and bundling them. NFTs have greater liquidity mainly because they can be traded immediately.

NFTs often come with smart contracts, which make them hard-capped. Developers often enforce codes on NFTs so that once they get launched, they can’t be changed.

Tatum NFT Customization Options

Best Ways to Sell NFTs Through Your WordPress Website

The good thing about the WordPress website is that it allows different people to sell various items. In addition, you need to understand that each NFT will be coded with a unique ID, which makes them unique forever. This means that once you create an NFT, it can’t be replicated or exchanged. One can only sell it. If you are an NFT seller and want to get started with your WordPress website, two plugins can help you with your journey. This section will talk about the plugins and how to use them to sell your NFT tokens.

The good thing about the WordPress website is that it allows different people to sell various items. In addition, you need to understand that each NFT will be coded with a unique ID, which makes them unique forever. This means that once you create an NFT, it can’t be replicated or exchanged. One can only sell it. If you are an NFT seller and want to get started with your WordPress website, two plugins can help you with your journey. This section will talk about the plugins and how to use them to sell your NFT tokens.

Kredeum NFT

Kredeum NFT is a leading plugin for your WordPress website through which you can start selling your NFT tokens. It stores every digital media in IPFS, which stands for decentralized storage technology. Therefore, it keeps your digital media secure even if there is any hosting server problem. Kredeum NFT makes it easy for everyone to sell their digital artwork and media files in the form of tokens on the NFT marketplace. This WordPress plugin lets you mint NFT from any WordPress website. Here’s how it works:

Step 1: You will first have to install the WordPress Kredeum plugin on your website.

Step 2: You will upload your digital files to WordPress. If you already have them, you can choose one of them.

Step 3: After that, you will connect Kredeum WordPress plugin. Then, you need to archive files on IPFS.

Step 4: Now, begin the minting process on Polygon. Once done, they will be deployed Kredeum Smart Contract to protect your original work.

Step 5: Finally, you can sell them on Opensea and Arkane, which are NFT marketplaces.

Tatum NFT WordPress Plugin

Another way to sell your NFTs is by using the Tatum WordPress Plugin. With this plugin, you can create wallets, deploy, mint your digital artwork, and even sell them on their NFT marketplace. Knowing that artists and creative professionals are looking for a way to sell their work seamlessly, the Tatum WordPress plugin is here to make everything easy. Using Tatum is convenient. Here’s what you need to do:

Step 1: Visit the Tatum WordPress plugin page. Then, install it.

Step 2: Once installed, go to the Tatum dashboard and create an account. Then get an API key. The plugin offers a free plan too. You can choose whatever suits you.

Step 3: Enter your Tatum API key on the Add New Key.

Step 4: Fund your wallet and fill in the Contract Name and Symbol.

Step 5: Once done, you need to mint your NFT token. Tatum will mint the token for you by using cutting-edge technology.

Step 6: If a customer likes the NFT token, they will add it to the cart, checkout, and pay for the same. Once done, the NFT token will get transferred to their account.

The good thing about using NFT plugins is that they help you connect with NFT marketplaces so that you don’t have to spend time searching for them on your own. They are your ready-made solutions and make selling NFT tokens easy. Moreover, they won’t cost you much, and the Tatum WordPress plugin is also available for free.

Best WordPress NFT Minting Plugin

NFT maker

The NFT Maker plugin is a simple, easy-to-use tool that allows you to create and sell

Non-Fungible Tokens (NFTs) on your WooCommerce store. With this plugin, you can mint NFTs on various blockchains, including Ethereum, Polygon, Binance Smart Chain, Celo, and Harmony. The NFT Maker plugin is an easy way to get your store set up to sell NFTs, and it includes features such as lazy minting and free IPFS storage.

OpenSea WordPress plugin

Undoubtedly, OpenSea is a WordPress NFT minting plugin that allows you to embed the plugin simply and most easily via inputting shortcodes. OpenSea is the perfect solution for anyone looking to get into the world of NFTs. With its easy-to-use shortcode system, it’s simple to embed the plugin on your WordPress site and start minting your own NFTs.

Additionally, OpenSea also offers an external script to load the NFT embedded capabilities, meaning that your site’s security is never compromised. So if you’re looking for a safe, user-friendly way to start minting NFTs, OpenSea is a perfect choice.

WPSmartContracts

WP Smart Contracts is a plugin that allows users to mint non-fungible tokens on the WordPress platform. It is based on the ERC721 standard and uses blockchain technology to store information about the tokens.

However, The plugin allows users to create and manage their own tokens and also provides a user-friendly interface to interact with the blockchain. Additionally, WP Smart Contracts also allows users to set up smart contracts and create decentralized applications on the WordPress platform.

LikeCoin

LikeCoin is a WordPress plugin that allows users to securely and permanently store metadata for any NFTs they create. It also provides digital evidence for the NFTs, which can be used for verification purposes. The plugin is free to use, but users may need to pay extra for premium features.

In order to use LikeCoin, you need to have a crypto wallet and register it with Keplr Wallet or Liker ID. However, The plugin is free, but you may need to pay for access to premium features.

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Create NFT Store with WordPress NFT plugin

1. Choose the NFT Marketplace Websites Business Model

The business model you choose for your NFT marketplace will shape its future. So, determine the right one that best suits what’s in store! The decision of what type or model for your NFT marketplace is important. It will help you determine the features that go into it and how its vision and strategy interact with each other!

2. Install WordPress

First, install the WordPress software on your hosting account. After that, you can do this manually by downloading the WordPress software from their official website and uploading it to your hosting account. Or you can use a one-click installer which is available in most hosting accounts these days.

3. Install Best NFT WordPress Themes

Now it’s time to choose a WordPress theme for your NFT marketplace website. There are many themes available, both free and premium. It’s important to choose a theme fully compatible with the WooCommerce plugin. We recommend using the Storefront theme developed by the WooCommerce team. It’s a free WordPress theme, and you can find it inside your WordPress admin panel under Appearance > Themes > Add New.

4. Install the WordPress Plugins

Now it’s time to install the required plugins for your NFT marketplace website. You will need the following plugins:

WooCommerce plugin: This is the main plugin that will turn your WordPress website into a fully functional online store. You can find this plugin inside your WordPress admin panel under Plugins > Add New.

WP Smart Contracts plugin: This plugin is used for deploying smart contracts related to NFT mints and marketplaces. It can be found under Plugins > Add New.

Crypto Plugin: This plugin provides features like accepting payments in cryptocurrency, creating ERC-721/1155 tokens, etc. It can be found under Plugins > Add New.

5. Create and Upload Website NFT Content

To start creating website NFT content, you need to understand what customers want to see. Remember that what sells today might not be popular tomorrow, so staying up-to-date with the latest trends is important.

When it comes to artwork, customers are mainly interested in buying visually appealing pieces with a story or meaning behind them. So if you’re an artist, think about what kind of pieces you can create that will attract buyers.

When writing, ensure your content is well-written and provides valuable information about your selling products. This could include explaining the inspiration behind your artwork or describing the features of an NFT.

6. Design the NFT Marketplace

The storefront is the main page users see when they open the marketplace. It usually contains information about the assets sold on the marketplace, such as previews, bids, and value history. It also provides users with a dashboard to view information about their assets.

Again, The wallet allows users to store, send, and receive NFTs or cryptocurrencies. To create a good user experience, it is important to consider integrating an existing wallet into your store or creating your own wallet.

Finally, The search feature is important for helping customers find the assets they are looking for. It can help improve the user experience when navigating through your store.

7. Fixed price asset listing

After establishing your NFT marketplace, you can create a fixed-price asset listing so that customers can buy your NFTs. Listing your NFT assets on a marketplace can be a great way to get exposure and make sales. By setting a price for your listing, you can control how much you want to sell your asset for. Each listing must contain a unique listing ID, which is used for other operations.

To get started, the seller will need to send their NFT asset to the marketplace. Once the asset is received, the marketplace will activate the NFT listing, and it will be available for purchase. The NFTs tokens are compatible with the standard ERC-721 and ERC-1155 protocols so that buyers can purchase them easily.

8. Set up payment processing.

To process payments for your products, you’ll need to set up payment processing. There are several different payment processors that you can use, such as PayPal or Stripe.

9. Launch the Marketplace

To launch your store, you first need to complete the final checks. Ensure your website is ready for public launch by checking its performance and security. You can use various tools such as JetPack, Pingdom, and Wordfence to help with this.

Once the website is ready, you can promote it on social media channels and integrate social media navigation menus into your site. This process will make it easy for people to share your content on social media.

Finally, launch your store and monitor its performance continuously. Keep in mind that website monitoring is important to maintain uptime, speed, and security.

10. Promote your marketplace.

Once your marketplace is set up, it’s time to start promoting it! You can encourage your marketplace by telling people about it on social media or by including it on your website or blog.

Conclusion

The good thing about NFTs is that they give ownership to legitimate owners over their digital assets. If you are a digital art creator, leveraging on NFTs can be a massive benefit for you because it will not only let you sell your art but even earn some profit from the second purchase. Moreover, the plugins let you keep track of your NFTs. You can see when someone purchased it and how quickly you sold it.

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