How to Make an NFT?
The popularity of using non-fungible tokens is very high and continues to grow, so it is good to know how to make an NFT. Artists and celebrities create their own unique pieces and entire collections to sell for big money.
What is NFT? It’s a true digital art, and not only paintings or photographs, but even author's poems, songs, sculptures and other unique items can be turned into a digital object. Today, even a simple SMS or a post on a social network can become a virtual token. Jack Dorsey, Twitter’s founder, earned $2.9 million from his first tweet, which he turned into an NFT. So let's take a closer look at how to make an NFT art and an NFT collection.
How to Make an NFT Art?
NFT is a special certificate that confirms the rights to own a specific virtual asset. Any object of historical, cultural, artistic value can be turned into an NFT token – music track, picture, movie or clip, etc.
Ensuring the security of transactions is implemented through the Ethereum blockchain. Today transactions are also available on Polkadot, BSC and other blockchains.
The process of making an NFT is called minting and available to everyone:
you don’t need to have coding skills or be a professional programmer;
after creating the first token, you’ll be able to dictate selling rules for it;
you can create a non-fungible coin in 10-15 minutes.
There are different options to creat NFT art, including both free and paid ones. Everyone can try themselves in this business and enjoy the result. NFT is uploaded to a specialized marketplace (Opeansea or Binance) and data about such an object is recorded in blockchain.
What is an NFT marketplace? This is the platform, where you can sell assets and manage information about them. Three easy steps to make an NFT:
select an object (photo, song, GIF, picture, video);
create a cryptocurrency wallet for logging in marketplaces;
buy a small amount of cryptocurrencies for commission payment .
How to Make an NFT for Free?
NFTs can be made for free, so you’ll explore the whole process by yourself. You can learn how to make an NFT for free with each method.
Opensea
This popular platform creates tokens for free, not for the selling process. You can sell a ready-made digital asset only after paying commission.
The procedure how to make an nft art:
select the source object;
connect your cryptocurrency wallet;
go to the section Create and upload the original;
come up with name and write metadata, a complete description;
choose the quantity, how many tokens to make;
then specify the Ethereum blockchain and choose the button Create.
Asset is ready, so you know how to make an NFT for free on Opensea.
Treasureland
This NFT marketplace offers to create tokens for free, while the commission is paid by the buyer. Platform users can make NFTs in the form of mages and GIFs only.
How to make an NFT for free in Treasureland:
go to Treasureland Create menu;
connect your wallet for crypto;
fill in all the data about the future token on the creation page;
add the object;
wait for the finishing of the operation.
NFT is ready, you can view and place it for sale. Sending the asset to another person, you must pay a fee.
Binance
The crypto exchange has its own Binance NFT marketplace and offers users to create the first 10 assets without payment.
Minting begins with the registration of an account on the Binance trading platform. It must be verified. After that, the user receives a standard wallet that automatically interacts with NFT transactions. You can connect your own wallet (only with Ethereum support).
The procedure of making an NFT and selling it:
visit the page of Featured By Binance, select the Create option;
download the selected art object;
add metadata;
select an option – a single NFT or a collection;
click Create at the bottom of the page.
How to Make an NFT and Sell It?
Most users want to know how to make an NFT and sell it to earn money. Payments for tokens are carried out in cryptocurrency. The demand for NFTs is very high, as these digital assets are unique, rare, and protected by copyright. The blockchain itself is eternal, and it stores data about each NFT, so the data remains unchanged. You can buy a token and sell it in the future.
How to make an NFT and sell it:
add to the listing through the marketplace;
indicate the cost (it is recommended to study the market and set a relevant price for your token for the relevant category of the object);
put your asset up for auction through the special option Sale through auction.
You can increase the income fby creating collections.
How Much Does It Cost to Create an NFT Project?
It is important to think over a plan of action. You may choose the free option on marketplaces or agree to pay a commission.
Costs always vary and depend on your goals. In addition, it may be necessary to promote an NFT project in order to create it recognizable and popular, which means additional advertising costs.
Today, the cost of making unfungible token can range from 70-100 dollars, taking into account commission expenses and additional costs. However, with a successful sale of the asset, this is fully justified.
