Sale Types
Existing Items
Holaplex allows you to sell existing items. This means that you will sell the NFT itself-- or in other words, the master edition. This transfers ownership of the original NFT to someone else, though the record of who created the NFT is still embedded into the blockchain, and the artist can still make money off of future sales of that NFT through commission percentages. This option is best for re-selling existing works or otherwise selling the original NFT itself.
Open Editions
Open edition sales allow you to create as many prints of a master NFT as you want and sell them for a fixed price. During the sale's time frame, anyone can mint a copy of the NFT for the price you determine. You retain ownership of the master edition NFT.
Limited Editions
Limited edition sales allow you to create a fixed number of prints of your master edition NFT and auction them off. You retain ownership of the master edition NFT.
To sell limited edition prints on Holaplex, select Limited Edition as your auction type. This will let you choose how many prints to make of your NFT on the next page, in addition to the NFT that you want to make prints of. Each print will be given a unique number (ex: 1 of 30).
Instant Sales
Instant Sales allow you to sell an existing master edition NFT for a fixed price.
The setup for an instant sale follows these steps:
Select Instant Sale as your auction type.
Select the NFT that you'd like to sell, and set a fixed price for it.
Review your listing and publish it.
Instant sales work on a first-come, first-serve basis; the first person to buy the NFT at its fixed price will receive it. Instant sales sell the master edition NFT; they will transfer ownership of the original NFT to someone else, though the record of who created the NFT is still embedded into the blockchain, and the artist can still make money off of future sales of that NFT through commission percentages.
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