Once you have minted your NFT, you can choose to list your NFT. In this guide you will learn about the types of auction available and a step by step on how to list.
If you haven't set up an account yet or minted your NFT please follow the guides below to start minting!
You have two options to choose from when you are listing your NFT on ZORA. You can choose between a timed auction format (which last for 24 hours, once the reserve price has been met) or you can choose to sell it at a set price, which will skip the auction process and transfer the NFT to the collector who purchased it. We leave that choice to you as a creator.
List for Auction
Listing your NFT for auction can be great way to create extra hype around the selling of your work. The way auctions work on ZORA is quite simple. You, as a creator will be asked to set a reserve price for your NFT. The reserve price is the minimum amount you want to earn on that piece. Once a bid has been placed that matches your reserve price, a 24-hour timer is triggered - starting your live auction.
Set a "Buy it Now" Price
Not all creators choose to list their NFTs for auction and we have accommodated this with by giving the option to set a "Buy it Now" price. This options will bypass the 24-hour auction and will give creators and collectors to buy it on the spot.
Creators will be asked to select a currency and set a price they want to receive for their NFT and are able to list it this way. Setting a "Buy it Now" price is a way for a collector to instantly purchase a NFT and have the ownership transferred them to right away