How to create your own NFT: Where to Buy and Sell
So, you’re an artist or a designer, and you’ve heard that a digital artwork by Beeple sold for $69 million. No, you’ll never reach that degree of excitement (unless you have some links with your buyer’s Singaporean endeavors), but you can still try to create your own NFT. Most of the time, you’ll lose money in the process, but hey, you’ll have successfully jumped on the bandwagon and can brag about it on Instagram and Twitter.
Pick your item
The very first thing you must do is choose the artwork. Any digital file can be represented by non-fungible tokens. A digital painting, a text, a piece of music, or a movie can all be converted into NFTs. Anything that can be saved as a multimedia file qualifies. After all, the goal of the NFT game is to make digital artwork into “unique” items in an age of unlimited reproduction.
The most expensive NFT artworks ever sold
Have some Ether handy
It’s time to get some Ether once you’ve decided on your digital asset.
NFTs can be created on a variety of blockchains, but for the sake of simplicity, we’ll assume you’ll use Ethereum. That’s the most popular, and it’s supported by the most well-known NFT marketplaces.
It’s possible that minting an NFT will be costly. As a result, you’ll need an Ethereum wallet with some Ether (the Ethereum-based cryptocurrency) in it. “MetaMask” is one of the easiest to use. It’s a free app that you may get on your iPhone or Android phone. The price demanded by the NFT is quite variable. Have at least $100 in Ether, but keep in mind that depending on the daily operational price, the minting process could cost you much more.
However, due to the type of token the platform will create, minting your NFT on OpenSea is free, but you must still connect a wallet to create an account.
Choose a marketplace
After you’ve put everything in place, you’ll need to choose a marketplace where you’ll create (virtually?) and then list your NFT.
Mintable, Rarible, and OpenSea are the most popular. For the purposes of this guide, we’ll go with the last option because it’s free to join and there’s no content moderation. That means you don’t need to be a verified artist to sell on the platform. However, this also means that the marketplace is brimming with digital trinkets that no one will ever buy.
Click the user icon on OpenSea, then “My Profile.” On this page, you can pick how to proceed with connecting your ETH wallet. If you’re using MetaMask, pick “Use a different Wallet” and then click on WalletConnect to connect it to the platform. The technique is rather easy to follow. Then validate the Wallet Connect action from your MetaMask app by following the platform’s prompts.
Create the NFT
You can now build your first NFT after connecting your ETH wallet to OpenSea. Create a collection by selecting Create from the top menu. Fill in all of the required information, then save. You’re now ready to begin the actual minting of a new NFT. Select New Item, upload your artwork and include as many details as you wish. Click create when you’re ready to fire the trigger.
You’ve successfully created a token, congrats! You must, however, open the newly-minted item in your collection and click the sell option to sell it on OpenSea. You’ll be able to select the Ethereum tokens you’ll accept as payment, whether you want to sell for a fixed price or at an auction, and the royalties you’d like to receive from the first and subsequent sales on the selling page.
So, you’ve made an NFT and successfully listed it on the OpenSea marketplace. So, what’s next? Waiting for someone to notice your valuable token isn’t going to get you very far. You’ll have to advertise the object yourself, perhaps to a pre-existing group of people who are interested in your work. That’s the most difficult element, and it has nothing to do with the creative process. Yes, it’s just as ruthless and picky as the realm of actual art. Unless you’re a meme character or any other internet sensation. In that case, congrats: you’ve most likely discovered a way to profit from that awful photo that people have always used to mock you.
# How to create your own NFT: Where to Buy and Sell