If you are here, it means you have seen the craze Non-Fungible Tokens (NFTs) have created in the digital world. NFT marketplaces are responsible for most of the crypto transactions in the world. Mike Winkelmann, who you might know as Beeple, made history by selling his digital art NFT for $69 million. But it is not just him – countless other Non-Fungible Tokens made millions.
We know that it is not easy to achieve that kind of success. But if you are an artist or a content creator, you might be tempted to try your luck in digital NFT art. It is true that learning how to make an NFT might be confusing for beginners. However, we have curated this guide to be beginner-friendly to help you in your crypto endeavor.
Without further ado, let us see how to create NFT artwork.
The first step is to pick a digital asset you want to convert into an NFT. Keep reading if you are already aware of how NFTs work. But if you are not sure, we recommend you check our guide on it.
To tell you the basics, any digital asset, including art, images, videos, GIFs, and even memes, can be used for this process. When you create an NFT, the blockchain creates a unique token for that asset. Therefore, you must own the intellectual rights to the digital asset.
Also, keep in mind that the price of an NFT may depend on the rarity of its collection. For instance, Jack Dorsey’s first tweet, Leonardo da Vinci’s drawings, or Mona Lia is an example of rare assets. You might not own any of these, but if you think you have something interesting, you should make one.
The second step in learning how to make an NFT is to choose a blockchain. Again, if you are not much familiar with the work of blockchain in crypto NFTs, you should check out our other guides. As mentioned, a Non-Fungible Token is a unique token created when we mint an NFT.
For this purpose, you need to select a blockchain. Although there are several, Ethereum Blockchain (CRYPTO: ETH) is the most popular. Some others include Binance Smart Chain and Solana.
Since Ethereum is the choice of blockchain for most artists, we will recommend it as well. However, you should know that blockchains require you to pay gas fee for creating NFT collection or even a single NFT. It can be called the fee to mint the NFT on the platform.
You will need a digital wallet as the gas fee requires cryptocurrency. Similarly, there are many of these, but the best ones include MetaMask and Coinbase. For beginners, MetaMask will be a better choice. After setting up an account in the wallet, you need to buy a cryptocurrency. We recommend Ether (ETH) since it is common in NFT transactions. Before you pay gas fee, you should know it varies for marketplaces. Take a look at the next step in learning how to make an NFT before paying gas fees.
There are only a few steps left of learning how to make an NFT. In this step, you need to find a marketplace that will suit your needs. The popular marketplaces include OpenSea, Rarible, Nifty Gateway, Foundation, NBA Top Shot Marketplace, and Larva Labs. All Non-Fungible Tokens are sold on these marketplaces – even the ones you make will be sold on one of these.
Before committing to a marketplace, you should research all the best ones. We have a separate guide on the marketplaces that you can check for additional information. However, we would recommend the OpenSea and Rarible marketplace. It is not only fairly easy to use, but it is also dominating the NFT realm.
You have only cleared the pre-requisites of creating NFT collection until now. In this step, you will learn how to make an non fungible token. Now that you have some crypto in your digital wallet and selected a marketplace, it is time for the finale.
The neat part about this step is that your selected marketplace will guide you about the uploading process. It will provide a step-by-step guide to upload your digital asset or content (PNG file, MP4, GIF, etc.). Once the upload is complete, the marketplace will mint NFT. During this process, the fees will be deducted from the wallet.
Now that you know how to make an NFT, you should also know how to sell it. The best part is that you can get three different sale methods on some marketplaces, such as OpenSea platform.
If you want to set a fixed price for the sale, you can mention the set amount while putting the NFT for sale. You should check out our detailed guide on how to buy and sell NFTs for further information.
Apart from a fixed price, you can put your NFT project for a timed or an untimed auction as well. The users will bid their purchase price. In the timed method, the last bid will win when the time is over. In the untimed auction, there is no restriction of time, you can choose to sell the NFTs whenever you want.
This guide is for digital artists, content creators, and the like. If you prefer to code, you should out Ethereum’s website. You can learn how to code this process and then use the API after creating an app. It will also guide you on how to install Hardhat. Hardhat is an Ethereum development environment.
Also, you do not need to worry about the security of your sales. Anybody can download and share the asset, but the ownership is safe. Blockchains use protocols, including smart contract protocols, for security. These smart contract protocols regulate the relevant events. We hope that you have learned how to make an NFT. But if you still have questions regarding non fungible tokens or the crypto landscape, you should keep following us. We will try to cover all of the pressing questions regarding the NFT phenomenon that has taken over the world. Make sure you keep up!
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