How to create NFT? This question is asked by many people who are relatively familiar with NFTs.
In the last few months, we have seen how hot the NFT market has become. Google search shows that NFT has more searches than cryptocurrencies. The applications of NFT in Metaverse, games, artworks, etc., have increased its popularity daily. In this article, we explain how to create an NFT easily.
If you know less about NFTs, I must say that there are NFTs that are sold in a fantastic way that you can’t even think about. For example, an NFT was sold for $69 million. Yes, you read it right! There is no spelling mistake in this sentence! Learn more about this $69 million expensive NFT.
You might think that making a non-fungible token (NFT) is complicated, but it’s easier than you think. Any user may have artworks that they would like to convert into NFT. It can be a beautiful photo or a digital painting. It doesn’t matter; the NFT manufacturing process is easily possible today.
This tutorial will tell you where and how NFTs are made so you can easily make your own NFTs.
Today, NFTs have become a vital part of the digital world. NFTs are unique and non-exchangeable encrypted assets registered on the blockchain platform. In the world of NFT, anything, such as artwork, video, music, data, information, etc., can be converted into NFT. These works are written cryptographically on the blockchain platform and become NFT.
What to do before creating NFT?
Before we start, I have good news for you, even if you don’t understand anything about NFT. At the bottom of this page, you will learn how to create your own NFT and publish that on any website you want. And if you don’t know much about NFT, we have prepared some comprehensive articles focused on NFT. Just see this article: What is NFT?
Before making NFT, determine who will benefit from this project. This creates the intrinsic value of the project. Who can participate in this project? Or what organizations will benefit from it? These questions will help expand your NFT project and make it more targeted. These things add depth to the project and encourage investors to invest in such a project.
Selling an NFT requires a lot of planning and activities, which is certainly not as easy as making an NFT. However, this article will teach how to build and sell an NFT. Of course, you can instantly sell an NFT for millions of dollars! Because the NFT market has proven that it makes the impossible possible!
So, to begin with, I have to tell you which thing can be an NFT. For example, any images, videos, text, GIFs, and anything like these can be counted as an NFT (even your tweets on Twitter!).
If you don’t know, I must tell you that the first tweet published on Twitter was sold as NFT (source). Also, you can read about other strange sales that happened in this area.
How can you create an NFT?
There are many ways to create NFT. For example, an image NFT can be a picture Taken with your phone, an art designed or drawn by yourself or another artist, a generated image by mathematical functions or Artificial Intelligence, and many more things with PNG or JPG or any other image formats.
Same for the video, text, and GIFs, this one depends on yourself how to choose and what to do about it.
Making NFT by ready platforms for making NFT is the easiest way. These platforms create smart contracts in the blockchain network, and there is no need for programming. You register on a site, upload your file, specify variables, and BOOM! Your NFT is created.
In the following, we will explain more about making NFT in one of these platforms very quickly.
What is needed to create NFT?
First, you need an attractive and great idea to attract any audience. While paying attention to the issue of attractiveness, you must understand the world of cryptocurrencies to some extent, be familiar with blockchain, know digital wallets, and, most importantly, be able to introduce yourself on NFT social networks.
How much does it cost to make NFT?
After choosing your desired NFT market and specifying the project’s purpose, you must first determine the type of blockchain you want to enter any of the NFT markets and platforms. Your artworks are encrypted using blockchain and its smart contracts. The cost of making an NFT is determined by choice of blockchain.
The cost of creating an NFT depends on which blockchain network you are working on. A fee is paid as a network fee or gas fee, which you usually have to pay in the Ethereum blockchain network. The cost of the network is generally below one dollar, but at the same moment, the price is finally determined according to the cryptocurrency market and its elements.
There are also ways to postpone the gas fee to the time of NFT purchase by the buyer and thus not incur any cost. In this case, 2.5% will be charged to you after the sale of NFT. You can also upload your NFTs free of charge on Polygon’s blockchain platform and pay the gas fee later. For example, Bored Hamster NFTs are based on Polygon, and the gas fee is reduced for buyers after paying.
Where to create an NFT collection?
When anything can be NFT, you can create NFT with anything. Also, a paper full of meaningless lines can be NFT if you take a photo from that and Publish that on OpenSea or somewhere else.
For example, just a year ago, a rock painting was converted into an NFT and sold for 400 Ethereum (about $1.3 million) (source). This stone NFT still has a lot of value. Even if it doesn’t reach its peak level, you still have to pay a lot.
Oops! What is OpenSea?
OpenSea is one of the top NFT marketplaces where you can upload your NFTs on this platform and choose to publish on which blockchain. This one depends on you, but I also have to tell you that most of and biggest NFTs are on the OpenSea platform and the Ethereum blockchain. OpenSea accommodates millions of NFTs in its enormous market.
But you are not limited by anything, and you can also publish your NFTs on any other platform.
First Step – Create a Wallet
First, you must create a wallet to deposit the income from the NFT you want to sell. Or if you want to buy NFT, that NFT will be deposited into your wallet.
There is a list of wallets that you can choose from, but the most used and famous is the Metamask wallet.
- Coinbase Wallet
- Trust Wallet
These are the most popular wallets. You can search more and find a suitable wallet for yourself.
Related Post: We have explained the crypto wallet installation method in detail. If you have problems in this field, read this article to avoid security issues.
Second One – Create an NFT
As we said before, you can create NFT easily by drinking a glass of water!
You can draw that in Adobe Photoshop or other related software, or you can create that in the 3Ds max or many things else. Work on it and create an innovative design. Do you not know how to work with this type of software? There is nothing wrong. You can even draw or illustrate on paper with a pencil or any other pen type, scan it, and convert it to NFT. Take it easy!
Suppose you are the one who is going to buy it from you. The more attractive and creative the thing you design, the easier and possibly more expensive it will be sold.
Of course, there are different ideas for making money from NFTs, but in general, some NFTs are made individually, and some are made as a collection.
Collections are a certain number of unique NFTs, usually 10,000. Therefore, they will be limited and rare. Also, some collections are presented as projects, and NFT owners buy NFT tokens to achieve exponential profits as the project progresses.
Log in to OpenSea to create an NFT. Create a profile on OpenSea. For better profile management, it is necessary to have a valid email and enter the information in the profile. After you log in to OpenSea, then click on Create.
For the last one, you can go on any platform you want, upload the file you created there, and give it a price. The price of the NFTs depends on you. But you have to consider if you give it a high price, it may not be sold, and on the other hand, if you provide a low price, it may be considered low value.
To sell NFTs, you need to do the following.
- Activity in social networks such as Twitter, Instagram, etc.
- Communicate with users
- Building a community of NFT supporters
- Designing a solid website that has a description of the future road map of the project and the characteristics of NFTs
We should also remember the effect of advertising. The main reason for the high price of the Bored Ape collection is the advertising they do on it. And, of course, when there are more advertisements, the demand will increase, directly increasing the price.
Where are NFTs sold?
To make and sell NFT, after you have determined your purpose and how to work in this market, you can start your work by using solid platforms made for this purpose. There are many websites where NFT can be made and sold.
The pricing and valuation of NFTs depend on you. Digital NFTs are as valuable as physical art. They should be priced as a general framework according to market conditions and user interest, but keep in mind that special and rare NFTs command higher prices.
Let’s talk a little about Bored Hamster NFTs. There are more than 500 special NFTs, which are much different and more memorable than the other 9500 NFTs in terms of the number of variables. Therefore, they will have higher prices than others.
NFTs are sold on websites with the generic name of NFT Marketplace. NFT marketplaces provide a secure platform for NFT exchanges. Others can buy NFTs or sell their own NFTs on these websites. Here is a list of the biggest NFT marketplaces in the world.
- Axie Infinity Marketplace
- NBA Top Shot Marketplace
Finally, persistence, effort, and perseverance, along with patience, are necessary to start the process of selling NFTs. The clearer the future image of the project is for you, the more likely you are to succeed.
In a general summary, this article briefly explained NFT from manufacturing to sales. Much of the content requires more research and awareness, and by reading our other articles, you can prepare for this future-making global market and benefit from its huge profits.
I wish you good luck! See you later in the next Bored Hamster blog posts.