Just like any art available in its physical form, NFTs can also be created, traded as well as sold. Yes, that’s possible if you know how to create an NFT. On this page, we will guide you with just that. So, stay tuned to learn how you can create your first digital art and become a potential individual to benefit from it.
What is a non-fungible token? A simple explanation
An NFT or a Non-fungible token is a kind of digital assets with different designs and markers that make it unique from others. You can call it a digital form of art; however, they are created through the use of blockchain technology. One significant thing to note about an NFT is that it can be owned by only one person at a time. An NFT can be available as:
- Artwork
- Collectibles
- Virtual real estate
- Media file (Audio, Video, or GIF)
And it comes with a unique digital identifier available on a blockchain. The reason why NFTs hold a lot of value is that human beings have the tendency to view rare objects as valuable. Besides being rare, an NFT also guarantees authenticity and true ownership. Individuals use these objects as a status symbol, and most importantly, they can convert them to cash using cryptocurrency. Once an NFT is registered on a blockchain, it cannot be copied or sold without the owner’s discretion.
How to create an NFT?
Ready with an idea on your mind, but do not know how to start creating your own NFT? Don’t worry because this guide has got you covered.
Step 1- Choosing a digital medium
By using a digital medium such as Bueno or NFT-inator, Photoshop, or Procreate, you can create your NFT from scratch. You don’t need to follow a specific process, just make sure that your NFT is unique and original. Once your artwork (image, audio, painting, etc.) is created, you can transform it into an NFT. Some famous types of NFTs include GIFs, audio, video, 2D, and 3D images. If you wish to create a 3D NFT, you can use programs such as Houdini, Maya, Bender, etc. Some renowned 2D NFT types are as follows:
- Individual art
- NFT collections
- Memes
- Trading cards
- Collectibles
Step 2- Choose your preferred blockchain
With the help of the “Minting” process, NFTs can be easily stored on a blockchain. Through this process, a digital certificate for your artwork is created. Once that is done, your NFT can’t be altered. However, while choosing the blockchain, it is significant that you choose a blockchain that is highly compatible with crypto wallet, marketplaces, gas fees, and security. The following are the popular blockchains you can choose from:
- Ethereum: This is a commonly used blockchain and is highly compatible with many NFT marketplaces.
- Solana: This blockchain is known to process transactions at a faster pace, which means, and most importantly, it is also compatible with several NFT marketplaces.
- Flow: It is a proof-of-stake blockchain that supports full Web3 functionality like NFTs while being more user-friendly, cheaper than Ethereum, and more energy-efficient due to its eco-friendly validation model.
Step 3- Creating a crypto wallet
If you wish to do any transaction related to NFTs or within the NFT marketplace, you will need access to a crypto wallet. This wallet ensures your NFTs are encrypted as long as you don’t sell or trade them. You can use one of the following wallets for this purpose. After choosing the wallet platform, you need to create your own wallet on it:
- MetaMask
- Rainbow
- Coinbase
- Trust
Step 4- Choose your marketplace
After signing up for a crypto wallet, you need to link a marketplace to it. There are some popular NFT marketplaces, which include OpenSea, Rarible, and SuperRare. OpenSea allows minting NFTs for free, while SuperRare is a platform on which you can create high-quality NFT art.
Step 5- Time to create your NFT
Once you’ve decided on the essentials, connect your crypto wallet to an NFT marketplace and authorize it. Create your NFT using a no-code generator if you don’t already have a digital file. Upload your media, fill in details like name and description, choose a blockchain, and click “create.”
Step 6- Sell your NFT
Once you are ready with your NFT, you are ready to sell it by entering the price details and hitting the “Sell” button. You might need to pay a small transaction fee based on the blockchain you’ve chosen.
FAQs:
Can you generate an NFT for free?
Yes, some tools let you create NFTs for free, but minting usually involves gas fees, which can sometimes be deferred to the buyer via lazy minting.
How much does it cost to create an NFT?
Costs vary by blockchain and marketplace; creation can be free, but gas, listing, and transaction fees, especially on Ethereum- can add up.
Is it easy to sell your first NFT?
It takes planning and research. You need a niche idea and the right marketplace to reach an interested audience.
Can any image be sold as an NFT?
Yes, any digital image can be minted as an NFT, and its value depends on whether others find it desirable.