How to create NFTs: A quick tutorial
Many people are paying a lot of money for some unique, collectible content in non-fungible token (NFT) format. Beeple, a famous NFT digital artist, has sold one of his creations for US$ 69 million in crypto — and that’s not the world record!
There is so much potential within this market and, if you think you have what it takes to make your own name, here is a quick tutorial on how to create your own NFTs.
How to make your NFTs?
Produce and select your item(s)
First things first: you need to determine what do you wish to transform into a unique NFT. You can turn virtually anything into a non-fungible token: paintings, drawings, videos, music, game collectibles, etc.
Don’t forget that you must have intellectual rights on your items, so you won’t be bothered in the future.
Choose your environment
There are plenty of blockchains where you can mint your items into NFTs: choose the one you like the most and go for it. Most NFTs and marketplaces are placed inside Ethereum (ETH), but there are other options available.
Binance Smart Chain (BSC), Polkadot (DOT), and Tezos (XTZ) are some good examples of good blockchain environments where you could mint your NFTs.
Create a digital wallet
To mint NFTs and receive money for your deals, you’ll have to create (if you don’t have one) or configure your digital wallet.
Every marketplace has its own rules on how to configure your wallet: once you’ve selected yours, learn how to do it — there is a lot of documentation regarding that matter inside the platforms.
Choose a good marketplace
Remember our post on how to keep your funds safe? The same goes when it comes to NFT marketplaces: before signing in, do some research about the number of active users, transactions, and possible safety issues.
Some of them are focused on some specific niches: NBA Top Shot, as you can imagine, is focused on basketball content; OpenSea is more generalist but has more artistic content such as images and videos.
Upload the file and configure it
If you’re all set, just upload your unique content and configure the required parameters, such as pricing and auction time limit.
The bottom line
The process is quite simple into most specialized marketplaces: create your account, connect your wallet, upload your content, and sell it — just as if you were selling any other good or service on the internet.
Making non-fungible tokens could be something profitable if you play your cards right: think about how much are you willing to spend to make your own creations, the transaction fees, and a good price for them.
Don’t forget to see some cool NFT projects out there to find some inspiration!
Register now at CoinShopp!