NFTs are today’s buzzword. You can find them on websites, Youtube channels, and on social media.
The NFT space is being discussed all over the world. It’s justifiable, considering the millions they have made from their realtors.
Every day, we see new entrepreneurs, artists, and brands enter this universe of Non-fungible tokens.
This article is for artists and entrepreneurs interested in starting their own NFTs. This article will show you how to make an NFT art and sell it to investors.
As you continue reading, here is a brief overview of what you will find.
Step 1: Setting up a wallet (Types and how to set it up with MetaMask)
Step 2: Selecting a blockchain
Step 3: Buy currency for your wallet
Step 4: Selecting a marketplace and opening an account
Step 5: Create, convert and upload your NFT
Step 6: Market your NFT
How to create an NFT Step by Step Guide
This article will provide a precise overview of the process of publishing your first token.
Let’s now see How to Create NFT.
If you don’t know what is NFT and how it works you can read this post first.
1. How to create a Crypto wallet
First, create a wallet if you want to mint some NFTs. They are not like traditional wallets that keep your money. They are more like credit and debit cards.
These wallets allow you to connect to the blockchain network to access your assets and funds. Similar to how your ATM card links to your bank funds.
Different types of Crypto Wallets
There are many types of wallets. You can divide wallets into Custodial or Non-Custodial. You cannot use a custodial account to hold NFTs.
Non-custodial wallets, on the other hand, give you complete control over your assets. You can operate your bank account without the need for a third party to handle your transactions.
Let me briefly describe the different types of non-custodial wallets.
Hot Wallets
Hot wallets can be used easily and are linked to the internet. They are simple to set up and easy to access if you intend to transact often.
You can further divide them into the following types:
Desktop wallets: These wallets can be downloaded and installed directly on your computer or laptop. Antivirus protection is essential because it can expose your computer to security threats via the internet.
Mobile wallets: These wallets are compatible with smartphones and can be used whenever you like. These wallets are convenient, but they are susceptible to malware. It is therefore essential to encrypt mobile wallets.
Web wallets: These are the most secure wallets. Web wallets can be used as extensions to your browser or websites. These can be used on any computer, but they are susceptible to DDoS attacks. Your private key is encrypted using your password or held by a custodian.
Cold Wallets
Hot wallets are less secure than cold wallets. Cold wallets can be stored offline because they don’t require internet connectivity. These are the types of cold wallets.
Hardware wallets: These are hardware devices, as the name suggests. These wallets are similar to a USB, but with some buttons and a screen. These wallets are the most secure. They allow you to trade assets without worrying about internet attacks.
Paper Wallets: Paper wallets are printed versions of your private and public keys. They won’t allow you to make partial payments. Paper wallets are no longer popular after the advent of hardware wallets.
Steps to set up a MetaMask wallet
Depending on your requirements, you can download, buy, create, or print your wallet. MetaMask, one of the most preferred digital wallets, is a popular choice.
These are the steps you need to take to set up your MetaMask account.
- Go to the site “https://metamask.io/” and click on the download
- Click on “Install Metamask chrome”. It will take you to the chrome website.
- Click on “add chrome” to install the extension.
- On your chrome page’s top right corner, you will see a puzzle icon. Click that.
- The MetaMask icon depicts a head of a fox. Click on get started.
- You can now choose to create a new wallet or import your current one.
- Click on Create to create your password and agree to the terms.
You have created a wallet.
You can now see a seed phrase consisting of 12 characters. That must be kept secret and should not be shared with anyone. Keep it confidential on a piece of paper and in your locker.
You can also download the seed word and save it on an encrypted hard disk.
Once you have completed this step, click next.
Click on the words to confirm.
Click on “All done”.
You can download MetaMask to your smartphone.
2. Select a Blockchain
After setting up your wallet, it is time to select the correct blockchain. You have numerous options to choose from depending on your needs.
The most widely used blockchain on the market is Ethereum. It is also the most secure. Others include Polygon (MATIC), Cardano smart chain, Cardano, Cardano and Binance smart chains, Tezos, Wax, EOSIO, etc.
You can choose which network you prefer, depending on your needs. You should select between Solana or Ethereum. You can choose anyone you like, but you should consider the cost, future support, costs, commissions, and useability of blockchain for NFTs.
3. Get Currency for Your Wallet
After choosing a blockchain, it will be necessary to make an initial investment. “I know, right?” You’ve got the money” If this is what you think, you should also be aware that cryptocurrency requires capital. According to the chosen blockchain, you will need to purchase Ethereum, Solana, or any other currency. These are the steps to follow:
You can choose from the top cryptocurrency exchanges such as Robinhood, Gemini and Coinbase.
Do your research before you sign up.
Once you have provided the necessary information, you will be able to connect your bank account to transfer funds. You need to transfer funds into the account.
You will now need to purchase your currency. Ethereum is an example. You will need to trade Ethereum with your current account to do this.
After exchanging, your asset will appear as a percentage of the Ethereum coin you own.
Transfer your funds now to a digital wallet.
4. Selecting a Marketplace and opening an Account
NFT Platforms
Once you have chosen a currency, created a wallet and registered it, search for a marketplace. This is an NFT marketplace where you can trade, mint and displays your NFTs. You can choose from many sites, including OpenSea and SuperRare, and BakerySwap.
You must thoroughly research the market before you make a decision. Each market has its own terms and conditions. It is also worth looking into the type of NFT that the platform covers.
OpenSea, for example, covers all NFTs while MythMarket focuses on trading cards. It would be best if you also considered things such as a shopfront and advanced search options. Ratings and security are all critical.
Once you’ve chosen a marketplace, you will need to create an account. Each platform will have a little different process, but the basics of registering and attaching your wallet are the same. To create an OpenSea wallet account, connect it to your MetaMask wallet.
5. How to Create, Convert and Upload Your NFTs
This is the moment you can finally begin creating your artwork. You can decide what your NFTs should be. You can upload photos or videos if you’re a photographer. You can convert audio files into NFTs. If you have interesting memes, you can also upload them as NFTs.
It’s up to you to choose the format of your NFTs. You can choose to have it audio, video or GIPHY. It could also be a graphic image, photograph or other media.
It is easy to create an NFT. The majority of NFT platforms follow similar steps. These are the steps to follow if you want to use OpenSea.
OpenSea’s official website is available here.
You’ll find a wallet icon in the upper right corner of this page. Click that.
Choose your wallet now. Let’s use MetaMask for this example.
After you have connected your wallet, click on the drop-down menu below your profile picture.
Click on “My Collections”. The page will allow you to customize your collection. Choose “Create new collection.”
This page allows you to choose a banner and logo for your collection. Now you can write descriptions, create a custom URL, select categories, etc.
Next, choose your Royalties payment method. Select the percentage you want, but it cannot exceed 10% on OpenSea.
After you have created your collection:
- Click create.
- Wait for the page reloads. The page will reload, and you’ll be taken back to the collection.
- Click on “Add an item” in the upper right corner.
This is how to create a NFT. You will now need to upload your file.
Name the file, add a description and choose some stats and properties for your NFT. Next, click “create” again.
You can use these steps to publish a single NFT. Artists are more likely to publish multiple NFTs. You should look into bundle publishing. This allows you to mint multiple tokens simultaneously. This will help you lower your gas costs.
6. Marketing Your NFT
Promote your NFT
Just 50% of the work involved in creating NFTs and their launch is done. You must promote your artwork. One of the most important aspects is to add utility to your NFTs.
The utility is the state of being useful or profitable. Your customers need to understand why they should buy your NFTs and how they will benefit their lives.
This is done by clearly stating your plan. Your roadmap would include a sketch of the future for your NFT holders, giveaways, members-only meetings, parties, etc.
Building a community is another important step. You can do this by engaging on social media platforms like Instagram and Twitter. Twitter is an excellent choice as NFT investors are active on Twitter. This can help promote your NFTs.
Don’t forget about joining Discord servers. There are many public servers available that promote new NFT projects. Here you can host and attend events for your NFTs.
There is nothing better than hearing the words of an influential person. Collaboration with NFT promoters and creators is a great marketing strategy.
After a successful launch, people trust their word. Reach out to influencers and YouTubers whose content revolves around blockchain, metaverse, and NFTs.
You must build a strong community around your project and promote it. Otherwise, your project can be lost in the sea of new launches every day.
Conclusion
This article should have given you the basics of how to create NFT. This article will provide you with all the information that you need.
As you research How to make NFT, there are many new terms and concepts that you will come across. Don’t rush. Take your time and study the content.
You should look for ways to reduce costs and increase security. You need to understand the markets and what they are looking for. Regardless, now you know precisely how an NFT is created and sold. Keep exploring this new world and be creative.
