Updating the price of your NFT listings on JPG Store is a straightforward process that helps you stay competitive in the marketplace. By utilizing the Update Price feature, you can adjust your listing without the need to delist and relist, thereby saving on network fees and time.
Steps to Update Your Listing Price
From Your Profile Page:
Access Your Profile:
Hover over your profile picture in the top-right corner of the JPG Store homepage.
Click on the Profile button.
Navigate to Listings:
Within your profile, select the Listings tab to view your current NFT listings.
Find the NFT to Update:
Scroll through your listings to locate the NFT you wish to update.
Initiate Price Update:
Click the Update Price button associated with the chosen NFT.
Set the New Price:
Enter the desired new price for your NFT.
Confirm the Update:
Sign the transaction using your Cardano wallet to finalize the price update.
From the Asset Page:
Locate Your NFT:
Use the search function, navigate through your profile, or browse the specific collection page to find your NFT.
Open the NFT Details Page:
Click on the NFT to access its details page.
Initiate Price Update:
Click the Update Price button on the NFT's details page.
Set the New Price:
Input the new price you wish to set.
Confirm the Update:
Sign the transaction through your Cardano wallet to apply the new price.
Best Practices
Verify the New Price: Double-check the entered amount before confirming to prevent errors.
Stay Informed: Keep an eye on market trends to price your NFT competitively.
Minimize Updates: Frequent price changes can incur multiple network fees; plan your pricing strategy accordingly.
Frequently Asked Questions
1. Are there fees for updating the listing?
Yes, updating the price requires a blockchain transaction, which incurs network fees. These fees vary based on the current state of the Cardano network.
2. How long does it take for the new price to reflect?
The updated price should appear on JPG Store within a minute or two after the transaction is confirmed on the Cardano blockchain.
3. Can I cancel a price update?
No, once a price update is confirmed, it cannot be reversed. Ensure all details are correct before confirming the transaction.
What’s Next?
By following these steps, you can efficiently manage and update the pricing of your NFT listings on JPG Store, keeping them attractive to potential buyers while minimizing unnecessary fees and efforts.
