How to get started with Meta mask on Instagram
Everything else in the process of how I can sell and buy NFTs on Instagram comes after you connect your wallet and get started with a meta mask wallet on Instagram Thereafter you can further do buying or selling NFTs directly through Instagram. Follow these steps to get started with meta mask on Instagram:
Open your Instagram > go to the profile section > Tap on the three-line bar on the top right corner of the screenChoose ‘Digital Collectibles’ (Make sure the meta mask is already downloaded on your device > Tap on ‘Get Started Choose a wallet > to follow further instructions to connect your wallet and get started with a meta mask.
If you have different NFTs in your meta mask wallet, you will be able to see them on your Instagram profile page, where your posts appear. Buy and sell options will also appear on the, according to what you kept on the board, this is how other people can connect with you for buying or selling NFT on Instagram.
The whole process of selling or buying NFTs through Instagram
Step 1 Buy Cryptocurrency
The most important thing is to first pay for a platform to generate an NFT of your product. Most of the platforms ask for payment through Ether, which is the local cryptocurrency of the open-source blockchain platform Ethereum.
Note: Same as other cryptocurrencies and bitcoin, the value of Ether also fluctuates. For example: in 2021, ETH has gone from $1,000 to $4800 with many troughs and peaks. It varies by several hundreds of dollars within an hour.
Now to buy an Ethereum, you will need to create a digital wallet, and as far as Instagram is concerned, you should go for MetaMask (available as a mobile app as well as a browser extension).
Step 2 Create a digital wallet
Download MetaMask, or go to the MetaMask website to download it, if you are using a browser.It will ask to confirm if you want to ‘create a new wallet and seed phrase’. The seed phrase means blockchain information in the form of a list of words.Choose yes, and agree to the terms and conditions > create a password > make your way through security measures, and your account is all set.
Read More: Meta to Allow Creators NFT Sales on Instagram
Step 3 Add money to your wallet
Once your digital wallet is ready, now add some ETH to it.Go to the ‘Buy’ option > tap on ‘Buy ETH with Wyre’. You will reach another page, where you can buy ETH using a debit card or Apple Pay.
Note: Also, you have the option to leave the page, until later, if you do not have the money yet.
Step 4 Connect your digital wallet to the NFT platform
Once you got ETH in your digital wallet, now you are ready to move to the NFT platform, to create your own NFT.There are several NFT platforms, for instance, let’s choose Rarible.com. Go to the siteOn the right corner of the screen, choose ‘Connect Wallet’You will be asked about your wallet provider (which in this case is MetaMask), choose itAlso, you will be asked to connect your digital wallet with Rarible > tap ‘Next’ > now choose ‘Connect’Accept the terms and conditions > now confirm you are more than 13 years old.
Step 5 Upload your file
In the process of knowing how I can sell and buy NFTs on Instagram, file uploading is the easiest and most crucial step :
Now you are all set to create your NFT. > click on the ‘Create’ button, seen at the top right of the screen.You will see the option to either sell one item multiple times or create a one-off work. Let’s say you chose single Now you will upload the digital file you wish to turn into NFT. (Raible accepts GIF, PNG, MP3, MP4, and WEBP files, up to 30 MB in size.
Step 6 Set up an auction
Now you are supposed to choose how I can sell and buy NFTs on Instagram, You will be given 3 options:
The trick is to set the minimum price, if you keep it high, your profit will be swallowed up, and you could even lose money after a sale. Give people 7 days to make a bid.Once you are satisfied with the sale price, you can ‘Unlock once purchased’. Your buyer will get a high-resolution version of your work or an additional download link.There is another confusing option named ‘Choose Collection’. It is about blockchain setup and has nothing to do with buying or selling NFT.
Step 7 Add NFT description
It is not a big deal to know how I can sell and buy NFTs on Instagram, but you can increase your chances of a sale by adding a description to your NFT.
This is upon you to add a description of your listing, it will maximize your NFT selling chances. Further, you will be asked about the percentage of royalties you want to claim on any resale of your work in the future.
Note: Higher the percentage, the more money per sale in the long term. But it will repel the buyers from reselling your work, so they will not be able to make money for themselves.
Finally, you have an optional field to add properties to your files. Once done, you are at the end of the process.
Read More: Meta now allows users to post their NFT creations on both Instagram and Facebook
Step 8 How to pay the fee
For those who are buying some work, they should click on ‘Create Item’ and they will be asked to connect with their wallet to pay the listing priceIn case you don’t have enough funds, just tap on the wallet icon, on the top right corner of the screen, and now you can directly add funds from your NFT platform
Bottom line
Every step of selling or buying NFT through Instagram is safe and simple but still, you should remember that the listing fee may seem low in the beginning. This is only the start of the charged fee. But before you proceed further, you’ll be asked to agree to more payments to generate your NFT. On the other hand, if someone buys your NFT, there will be a transaction fee and commission fee that will be reduced from your money. In short, the NFT platform is a good place to buy or sell artwork digitally. But some amount of money will go to the platform as well. We hope now you know how I can sell and buy NFTs on Instagram. Read More: Instagram Took Eight Hours to Resolve Login Error Affecting Thousand Users
