Overview
The Price Update feature allows you to change the price of your listed NFTs without delisting and listing again. This reduces the number of transactions, saving time and network fees. Whether adjusting to market trends or optimizing visibility, this feature streamlines the process of managing your NFTs.
Steps to Update Your Listing Price
From the Profile Page
Access Your Profile: Hover over your JPG Store profile picture in the top-right corner of the page, then select the Profile button.
Open Listings: Select the Listings tab below your profile information.
Locate Your NFT: Find the NFT listing you want to update.
Update the Price: Click the Update Price button.
Confirm the Change: Enter the new price and confirm the update by signing the transaction in your Cardano wallet.
From the Asset Page
Locate Your Asset: Find the asset by:
Searching your JPG Store profile
Searching within the NFT collection page
Using the Search feature
Select the NFT: Click on the bottom section of your NFT where the name and price are displayed.
Update the Price: On the right-hand side, select the Update Price button.
Confirm the Change: Enter the new price and confirm by signing the transaction in your Cardano wallet.
Best Practices
Verify the Price: Double-check the amount before confirming to avoid unintended updates.
Monitor Market Trends: Stay informed about pricing trends to remain competitive.
Limit Updates: Avoid frequent changes to minimize fees and maintain stable listings.
Frequently Asked Questions
1. Are there fees for updating the listing?
Yes, updating a listing involves a blockchain transaction, which incurs network fees. These vary based on the Cardano network's state.
2. How long does it take for the new price to reflect?
The update usually appears immediately after the transaction is processed successfully.
3. Can I cancel a price update?
No, confirmed updates cannot be reversed. Review all inputs carefully before confirming.
Conclusion
The price update feature simplifies the process of managing your NFT listings efficiently. By following the outlined steps and adhering to best practices, you can ensure your listings remain competitive while minimizing unnecessary fees and transactions.
