Today, we’re excited to announce the DC NFT Marketplace Beta, an innovative web3 secondary marketplace designed for buying and selling DC NFTs. In this article, learn how to sell official DC NFTs from start to finish. Experience the greatest fandom in the world and expand your collection today.
What is the DC NFT Marketplace?
The DC NFT Marketplace Beta is the official platform to buy and sell DC NFTs. Comic fans around the world can now buy and sell official DC NFTs between themselves. Users can buy and sell various tokens including DC FanDome 2021 NFTs, AMC ‘The Batman’ Posters, the DC Bat Cowl Collection, Gotham City Knightwatch District Sigil NFTs, and more to be announced.
How does an NFT Marketplace work?
NFT stands for non-fungible token. A token is a type of digital asset. A non-fungible token represents a unique digital asset like a work of art or a collectible. You can think of an NFT as a digital certificate of authenticity.
An NFT Marketplace is a platform that makes it simple to buy and sell digital goods. There are numerous marketplaces that have popped up around NFTs, which allow people to buy and sell. These include OpenSea, Rarible, Coinbase Marketplace, and more.
How To Sell (Click Here for How To Buy Walkthrough)
Step 1: Review Conditions of the DC NFT Marketplace Beta
A beta release is a pre-release of software that is given out to a large group of users to try under real conditions. Beta versions have already gone through initial testing in-house, although some features may not yet be available. For the beta release of the marketplace, some features — such as fund withdrawals — won’t be immediately available, but will be added soon.
If your country does not appear in the list for identity verification, that means we are currently unable to provide you with our services at this time.
Transfers of NFTs between different accounts is not currently available without selling the NFT on the secondary marketplace.
Read the full FAQ here.
Step 2: Log in to the DC NFT Marketplace Beta
Once you’re on the DC NFT Marketplace beta site, you’ll need a DC NFT account to list your NFT for sale. If you already have one, simply log in by clicking the ‘Log In’ button in the top right corner of the page. If you don’t have a DC NFT account yet, follow the instructions below.
To sign up for an account, click the ‘Sign Up’ button in the top right corner of the page (you must be 13 years or older to enter). You’ll be prompted for your email address, desired username, and password in order to register an account. Check your inbox for an email from us to verify your account — then proceed to log in.
Occasionally during the website experience, you may encounter a message saying ‘You are now in the queue.’ Because of high traffic and demand, this process may take a few minutes.
Step 3: Select NFT to List for Sale
Once you’re logged in, head over to the ‘My Collection’ tab in the menu. Click on the item you wish to sell. Then on the next page, click the ‘Sell NFT’ button.
Step 4: Verify Your Identity
If you have not already done so, you will be required to complete identity verification before you can list an NFT for sale.
In order to list and sell an NFT on our platform, we are required to verify your identity to ensure compliance with applicable financial laws and protect our collectors from fraud. Users will need to successfully pass the identity verification process in order to list NFTs for sale on the Marketplace, purchase Credits, or unlock a daily card purchase limit of $10,000.
The identity verification flow will guide you through three steps:
- Fill out a form with some information including date of birth and legal name.
- Take a picture of the front of a government-issued photo ID.
- Take a selfie to ensure a match with your ID.
Once your documents have been submitted, the automated verification process generally takes a few minutes to complete but can take up to a few hours during times of high traffic. You will receive an email notification with the result of your verification once it is complete.
Step 5: Confirm Your Listing
Enter your desired listing price and select ‘Continue’ then ‘Confirm Listing’.
A 10% royalty fee is deducted from all NFT sales on the DC NFT Secondary Marketplace. For example, if you sell an NFT for $100, a $10 royalty fee would be deducted from the proceeds of the sale and you would receive a total payout of $90 worth of Credits in your Credit Balance.
After confirming your listing, you’ll get a notification saying ‘your NFT will be listed on the marketplace shortly’. An icon will also appear on your NFT showing ‘listing in progress’. This status may remain for anywhere between several seconds to several minutes depending on blockchain network traffic, before changing to ‘On Sale’.
Step 6: View Your Listing
When the status of your NFT has changed to ‘On Sale’, it is now viewable and available for purchase by other users in the Marketplace. You’ll get an email when your NFT has successfully sold.
You cannot edit a current listing. If you would like to change the price of your listing, you will need to remove your listing and create a new one.
Step 7: Cancel Your Listing
Changed your mind about selling your NFT? Select the item in ‘My Collection’, click the ‘Remove NFT’ button and then ‘Confirm Delisting’.
Your NFT is being delisted from the marketplace. This might take a few minutes.
Step 8: View Credit Balance and Account History
The proceeds of the sale of your NFTs will be received in the form of a Credit Balance. Your Credit Balance reflects the dollar value of purchases you can make on the NFT Marketplace.
To view your Credit Balance, click your username in the top right corner of the dashboard and select ‘Account Details’ then ‘Credit Balance’.
Your Credit Balance is provided solely by Circle Internet Financial, LLC. Credits have no monetary value or cash equivalent, do not constitute currency, cannot be transferred to other persons, and cannot currently be exchanged for cash or for any other goods and services outside of the Palm Network.
To review your account activity, click your username in the top right corner of the dashboard and select ‘Account History’.
Everything you need to know in order to make your first DC NFT sale:
- Review and understand the conditions of the DC NFT Marketplace beta launch
- Log in or register an account
- Select the NFT you want to list for sale
- Verify your identity if prompted
- Confirm your listing details
- View your listing on the ‘Marketplace’ page
- Cancel your listing if you change your mind
- Check your credit balance and view your transaction history
For more DC NFT Marketplace Basics, check out the FAQs here. Learn more by following us on Twitter @PalmNFT and @batcowls, and take part in our growing Palm NFT Studio and Bat Cowl communities on Discord.