If you’re an artist or a designer and you’ve heard that someone paid $69 million for a digital Beeple painting, you’ve probably heard the term NFT. If you still don’t know what NFT is, you can read this article. In this article, I will guide you to create your own NFT and show it off on Facebook or Instagram, although there will be some fees.
How to create your own NFT in 5 easy steps
The first thing you have to do is choose the art product. Non-fungible tokens (NFTs) can represent any digital file. You can create NFT for a digital picture, a text, a music track, a video. Literally anything can be saved as a multimedia file. After all, the NFT game is about turning digital works of art into “unique” works in this crypto age.
Have some Ether ready
Once you’ve chosen your product, it’s time to prepare some Ether. You can create NFTs on many different blockchains, but for the sake of simplicity, I will use Ethereum. It’s the most popular way and the most prominent NFT buying and selling services all support Ethereum. But if you have little capital, I advise you not to use Ethereum, you can go through the BSC blockchain for cheaper.
Mining NFTs can be expensive. Therefore, you will need an Ethereum wallet with some Ether (Ethereum-based cryptocurrency). One of the easiest wallets to use is “MetaMask”. You can read this article to know how to create a MetaMask wallet. The price required to create an NFT is highly volatile. You may need as little as $100 of Ether, but be aware that the transaction fees from the creation process can cost you even more.
However, if you create your NFT on OpenSea, the process is free, but you still have to connect a wallet to create an account.
Choose where to buy and sell NFTs (marketplace)
Now that you have everything in place, you need to choose a marketplace where you will create and sell NFTs.
The most popular marketplaces are Mintable, Rarible or OpenSea. I would choose OpenSea because you can join for free and do not censor the content you can post. That means you don’t need to be an artist to sell NFTs on the platform. But this also means that there will be a lot of junk on OpenSea and the problem of stealing other people’s work and creating NFTs to sell is also a headache.
On OpenSea, click on the user icon, then click “My Profile”. On this page, you can choose how to connect your ETH wallet to continue. If you are using MetaMask, you can connect it to the platform by selecting “Use a different Wallet”, then clicking on MetaMask. The procedure is relatively simple.
After connecting your ETH Wallet to OpenSea, you can go ahead and create your first NFT. Click Create in the top menu and create a collection. Fill in all the required information, then save. You are now ready to begin the process of minting a new NFT. Click New, load your work and provide all the information you want. When you’re ready, click Create.
So you have successfully created NFT already. However, to sell it on OpenSea, you must open the newly minted item in your collection and click the Sell button. On the sales page, you can choose Ethereum tokens to pay, sell at a fixed price or auction, and the royalties you want to receive from the first and subsequent sales.
You have created NFT and have successfully listed it on the OpenSea marketplace. Now wait until someone sees your NFT but not sure if they bought it. You’ll have to advertise the product yourself, possibly to an existing community of people interested in your work. That was the most challenging part and had nothing to do with the artistic process.