Can I sell my NFT collection on different platforms?

The existence of an NFT is not possible without going through the minting process, which is basically the tokenization of the digital version of a piece by means of the blockchain. There are many platforms to mint an NFT. Since the minting of an NFT results in a unique and unrepeatable token that validates its authenticity, the answer to whether it is possible to sell a NFT collection across different mining platforms seems to be a no-brainer. However Is it possible to sell the same NFT collection on different platforms?

The answer is a bit complex, the reality is that while it is possible to mint the same NFT collection on different platforms, it is not a good practice for many reasons.

Theoretically, there is nothing that technically limits a project from minting its NFT collection on different platforms. However, doing so implies serious costs at the level of the reputation of a project, because in addition to the fact that the authenticity of the pieces will be highly questionable, in practical terms it is an activity interpreted as unethical.

Because the blockchain universe is young in many respects, there are few regulations on what can or cannot be done when minting a new collection of NFTs. In other words, self-regulation is very important to help the growth of the markets be orderly, transparent, and above all, generate trust.

How to choose the platform to mint my NFT?

It is important to know a fundamental difference that will help you to choose the right platform to mint your NFT. There are platforms and marketplaces, both terms are often easy to confuse, but they mean very different things.

A platform is where the minting process is possible, either from the creation of the smart contract itself, or by using the native contract of the chosen platform.

A marketplace is basically the platform where an NFT collection istraded. It is important to know that once you have minted your NFT collection in a marketplace, it is not possible to integrate in another marketplace.

Most marketplaces are in question platform to mint NFTs there are things to consider before choosing a platform to mint a collection of NFTs:

Accessibility: Due to their recent development, many platforms for NFT minting had until recently been difficult to manage. However, eventually it has been the majority of marketplaces and minting platforms that have adapted user interfaces to make them accessible to practically everyone.

Ownership of contracts: Ownership of contracts is a must for NFT artists. Many platforms allow the creation of custom contracts, depending on the level of experience in NFT project management this can be beneficial, or slow down the integration of a collection.

Royalties. All platforms have a royalty scheme for artists that varies from one market to another, there are even marketplaces that allow you to divide the fees between different wallets.

Commercial scope. It is perhaps the most important element to choose a platform for creating NFTs. Each marketplace is distinguished by the community that integrates its collections, and the investors that trade with them. Once an NFT collection is minted, it is possible to distribute it on different marketplaces such as Super Rare or Foundation. The great advantage of the most important marketplaces, is that they are able to integrate with Open Sea.

The choice of a platform to mint an NFT collection is undoubtedly a priority in the integration of a distribution plan, if you have doubts about the most convenient platform for the objectives of your collection, contact us and tell us a little more about your project.