Can I sell my NFT for any price?

Nonfungible tokens — most often digital art such as cartoonish-looking apes and penguins — saw their daily average price last year go from $128 to nearly $4,000 , according to NonFungible. OpenSea, the biggest NFT marketplace, recorded its best month ever in January.

The costs to develop an NFT can vary greatly depending on the type of market. The developer must create code to enable the NFT to function for free. This can cost anywhere from $7 to $150 , depending on the complexity of the project. It is up to the creator what format an NFT takes.

To track and verify your own NFT transactions, whether you bought or sold an NFT, you can go to Etherscan.io, to search by address, transaction hash, block, token and ens , while sites like CryptoSlam.io allow for NFT sales history, collection rankings, market data and specific projects.

‘Fixed price’ allows you to set a price and sell your NFT instantly (rather like the ‘Buy it now’ option on eBay). The ‘Unlimited Auction’ option will allow people to carry on making bids until you accept one.