A GIF file recently sold for $600,000 at auction. If that comes as a shock, then it might be time to reconsider your definition of fine art and begin to explore the world of crypto and NFTs.

Diablo II Items You Can Sell. The most common items usually sold by Diablo II players on PlayerAuctions are gear, runes, and charms. Gear and gear sets, if you wish to sell them as such, are sold according to tiers (Bronze, Silver, Gold, and Platinum) in order to help buyers conveniently identify if the gear or gear set you’re selling is what they’re looking for. Since Linden dollars have an established cash value, the IRS can easily determine the real-world value of virtual transactions. For example, if you sell a property in 'Second Life' for 2 million Linden dollars, the IRS can argue that you realized a real-world profit of $7,905. That's taxable income. For all the talk of online role-playing games. These virtual currencies are normally in virtual worlds and are earned through playing the game.Real cash economy games allow you to earn money that you can then spend in-game and/or in real life.The way these currencies work is by only being worth a percentage of currency in real life. For example, a virtual dollar may only be worth 0.15% of an actual dollar.These currencies normally have.

Digital art is undergoing a renaissance and in this article we'll cover everything you need to know to start creating and selling your own art on the blockchain.

How To Sell Virtual Items For Real Money

What is an NFT?

NFT stands for Non-Fungible Token. It's an alienesque term that I don't like saying aloud, but you can think of it as a digital certificate of authenticity. In real life - classic works of art, antiques, and other historical items are often sold at auctions with a receipt certifying that they are genuine.

NFTs serve the same purpose but for digital items. They allow GIFs, videos, jpegs, mp3s, and just about any other file format to be certified as one-of-a-kind. This technology enables a new kind of 'ownership' for digital files that wasn't previously possible. NFTs can be purchased, collected, sold, and even destroyed just like physical items. Thanks to the blockchain, they come with a transparent transaction and pricing history visible to anyone with an internet connection.

The process of turning your work into an NFT is known as 'minting' which refers to the act of creating a new token on the Blockchain that will forever be attached to that content. When an artist mints a new NFT, they attach a built-in commision (usually 10-30%) that they will receive any time that work is resold in the future.

Can my content be an NFT?

Probably.
We're living in the wild west of NFTs where almost anything goes. Digital art, songs, memes, recipes, and even entire startups are currently listed for sale on NFT marketplaces. There are currently very few restrictions as to what kind of content can be 'tokenized' and turned into an NFT.

The technology is still in its infancy making this a great time to experiment with the medium for your own work as the market and demand for digital art continues to grow. One rule that should go without saying is to avoid turning copyrighted content or assets into NFTs.

What do I need to start creating NFTs?

You don't need an extensive knowledge of crypto to create an NFT, but there are a few tools required to get started like a crypto wallet and Ethereum. If these terms aren't familiar - that's okay. You can get everything setup in just a few minutes from your phone.
In this section I'll provide step-by-step instructions to set up a crypto wallet, purchase ETH, and connect your wallet to an NFT marketplace.

Set up an Ethereum Wallet
Purchase a small amount of Ethereum
Connect your wallet to an NFT Marketplace

Step 1: Set up an Ethereum Wallet

The first step in your NFT journey is to create a digital wallet where you'll securely store the crypto currency that is used to buy, sell, and create NFTs. The wallet also allows you to safely sign in and create accounts on NFT marketplaces.

There are hundreds of platforms that provide free wallets for storing cryptocurrency and all of the options laid out below are guaranteed to work with most major NFT marketplaces and blockchain apps.
Coinbase Wallet

Coinbase is one of the largest cryptocurrency exchanges online today and their wallet is a great option for those new to the world of virtual money. Coinbase was the first platform I ever used to buy cryptocurrency and I standby how simple it is to get started here.

Metamask is a wallet used by more than one million crypto enthusiasts across the world. The wallet connects easily with most crypto apps and NFT marketplaces, and is available as both a browser extensions and mobile app on iOS and Android. Metamask also simplifies the process of purchasing crypto so you don't have to use other apps to buy coins.

A relatively new wallet, Rainbow is made with Ethereum assets in mind. That means you can't store your bitcoin here, but that won't be a problem for NFTs. I love the beautiful design of this wallet and the way it allows you to easily showcase your NFT collection. On iOS, Rainbow makes buying Ethereum as easy as using Apple Pay.

Step 2: Purchase a small amount of Ethereum

On most major digital art marketplaces, there are fees associated with turning your content into an NFT. I'll speak more on that later, but in the meantime, you'll need to purchase some Ethereum (ETH) to cover the costs of creating your first NFT.

The price of Ethereum fluctuates from second to second and can be difficult to get track of. The easiest way to get started is by choosing a dollar amount you are willing to invest and purchasing exactly that much Ethereum. The Rainbow and MetaMask wallets mentioned above both allow you to purchase crypto right inside your wallet. Coinbase Wallet requires you to make the purchase from a separate exchange and transfer it to your wallet.

Step 3: Connect your wallet to an NFT Marketplace

Once your wallet is setup and you've purchased some ETH, it's time to choose a marketplace where you want to create an NFT and list your work. For creators just getting started with NFTs, I'd suggest listing your work on Rarible first as the site had the easiest and most straightforward setup of any I tried in my testing.

To connect your wallet to Rarible, head over to the site then click the Connect button in the top right corner of the screen.

From the next screen, select the WalletConnect option if you're using the Rainbow or Metamask wallets. Click on WalletLink if you are using Coinbase Wallet. Many other wallets are also supported by these connection options, so it's worth researching each to see if your preferred wallet is usable.

No matter which wallet you are using, the next step is roughly the same. After selecting your connection option, a QR code will appear on screen. Use your wallet app to scan this code. Once you've scanned the code, confirm that you'd like to connect your wallet to Rarible.

This is a secure connection and Rarible will always force you to confirm purchases with your wallet app before moving forward with anything. After connecting a wallet, your Rarible account is instantly generated. You now have everything you need to create, mint, and sell your first NFT.

Where can I sell NFTs?

New NFT marketplaces are sprouting up on a daily basis as hype around the technology continues to mount. In this section, we'll go over several of the largest marketplaces online and discuss the unique focus of each one to help you make a more informed decision about where to list your first NFT.

Zora

Zora is a marketplace built firmly around the idea that content creators should take back control of their work from the major platforms. Zora allows creators to mint images, videos, audio files, and even plain text documents. The marketplace recently opened up and is now accessible to all creators. Zora is positioning itself as one of the coolest destinations for NFTs and is already collaborating with m

How To Sell Virtual Items For Real Money