Early in 2021, markets for nonfungible tokens (NFTs) started to gain some notoriety, and by the end of March 2021, this new market for digital assets had a total lifetime traded volume of about $550 million.
In general, one of the fundamental properties of cryptocurrencies and fiat money is fungibility or interchangeability, whereas the nonfungibility characteristic of NFTs makes them valuable.
The artist can enhance the NFT’s real-world worth by creating unlockable content outside of the digital token.
The first step to successfully selling and pricing your NFTs is to understand the industry, blockchains used in NFT development, marketplaces for nonfungible tokens, common types of NFTs already sold by artists in the space and their typical price range.
However, understanding what makes your nonfungible tokens unique from the competition is critical to charge a higher price for your NFTs and attract more buyers if you have a distinct and appealing value proposition.
Fixed price can be set up for NFTs during the minting process or if you want to test the market, choose an auction in which your NFT is won by the bidder who makes the highest payment at the end, often called an English auction.
Source - Coin Telegraph

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