Want to know how to create an NFT? Well, the question is evident after the rise of ongoing trends online. Currencies. Crypto and NFTs are hiking the curiosity chart simultaneously. You have come to the right page if you are also affected and wonder how to create an NFT. Today, we will talk about making and selling an NFT and its importance in the market step by step.
You can also sell your NFT on a platform called rarible. All you have to do is choose a single on Rarible, you’ll end up on the NFT creation screen. You first need to upload the digital file you’re hoping to sell as an NFT using the Choose File button. Eventually, it’ll end up on the InterPlanetary File System, or IPFS, so that your NFT won’t disappear off the internet if one company decides to stop hosting it. We know that this seems pretty much captivating so let’s not waste any more time getting started!
How To Create An NFT?
NFT is a hot topic amongst the youth. We are sure you must have seen photos of apes, monkeys, and cats being sold off as an “official moneymaker,” But what is an NFT exactly? Non-fungible tokens or NFTs are digital tokens that are stored on the blockchain. They are not similar to cryptocurrencies, and each of these tokens can be sold off as individual proof of ownership.
Ensure that your first NFT is some image or video files being used. Another thing you need to see is if you actually want to sell an NFT. We know peer pressure and the thought of making fast money can get your legs moving in the wrong direction, but let’s pause for a second. Take a look at the requirements while creating an NFT.
- There is a huge transaction fee.
- Some platforms offer to make NFTs for free. Do not fall into this trap.
- NFTs are sold in etherum blockchains
- A fee is paid to miners in the blockchain called “gas.”
- Also, you don’t have a warranty that if you paid the ” gas fees,” your transfer will occur.
- So if something happens that is not in your hand, you might lose the amount you paid for the fees.
That being said and read, if you are still eager to sell an NFT on the marketplace, let’s get started with making an account for NFTs.
- You must select an image or video file you will sell as a token.
- Select a platform that allows you to sell dozens of NFTs across diverse blockchains. In short, select a blockchain.
- Set up your digital wallet.
- Select your NFT marketplace.
- Upload the file.
- Run through with the sale process
How much does it cost to create an NFT?
Let’s be practical over here. When you wonder how much it costs to create an NFT on Ethereum, the minting can be done for $70. While on the other hand, using OpenSea for these tokens can require you to initialize your account, which is costly. $300-$400, to be more precise. OpenSea deals more with the polygon blockchain. If you use Rarible, another method to get NFT, you can sell NFTs using the flow blockchain. Also, these chains take 2.5 percent of the profits you make as their fees.
It is necessary to use a marketplace to make an NFT?
Honestly, yes and no. This is possible if you are in the technical field. Why? Because this requires you to create a smart contract, insert it into the blockchain and then mint the tokens using the same.
How to set up a wallet to create an NFT?
There are two wallets that you can use to start minting. Coinbase and metamask are the top priority that is preferred by many people. Coinbase is the best wallet for NFT if you plan to deal in crypto on a more extensive basis. Both wallets have a similar setup process, and you can download CoinBase from here and MetaMask from here. After this, you just need to create a new account, set up a password, and you are good to go.
How to create an NFT on OpenSea?
Planning to make a token for free on OpenSea? We have you covered. Before this, you will need to connect your wallet.
- Tap on the create button
- Click on the box with the image item
- Upload the file you will be using as an NFT
- Give your file a name
- Write a description of the file.
- For example, if you are using an audio profile of a cat, you can write down something as “beautiful noises of a cat.” Pretty cringe, but okay.
- Add properties, levels, and stats.
- Select the blockchain you are minting your NFT to.
- Tap on the create button. You have a brand new NFT waiting to make a fortune for you. Just kidding, the market is highly volatile.
How to sell NFT on OpenSea for free?
By now, you are well equipped with creating a token. You need to learn about the OpenSea selling fees and how to sell your token there. Check the steps written below!
- After creating an NFT, you will find a sell button
- Enter the amount if you are in for a fixed-price listing.
- Choose the duration of the listing to be available.
- There will be a feature of the timed auction in Ethereum as well.
- To list your NFT for sale, tap on the “complete listing” button.
What Is The Best NFT Marketplace?
While OpenSea is the biggest NFT marketplace, we have some over-the-counter sites ready for you.
- OpenSea
- Nba top shot marketplace
- Axie marketplace
- Larva labs
- Rarible
- SuperRare
Where can I buy cheap NFT?
Well, you can purchase the cheapest NFT on cryto.com. You just need to sign up for free over then, start minting in the market for free!
Conclusion
We hope that you can now understand how to create an NFT! Be sure to check out the lift of famous NFTs too. Creating NFTs without gas fees is done using the Polygon blockchain on the Open sea. These NFTs are not as popular as those minted on Ethereum, but you can still get your work done! You can use MetaMask wallet to mint NFTs for free.
If it is our first time dealing with NFTs we will advise you to go with OpeSea. It is the best of all NFTs marketplaces as of now. Whether you place or sell an order for the token, you will still have to pay the gas, and this gas will be transferred to the seller’s wallet after the transaction. All you need to do is install the wallet, connect it to OpenSea, create and mint NFTs on the open sea and list them accordingly. Happy money-making, folks!