NFTs have gained a wide range of popularity in today's world. It is one of the top applications of blockchain technology. Contrary to the notion that NFTs are limited to only NFT artwork, the technology has found use cases in other areas outside art, such as music, fashion, and even car manufacturing.
Another major use case for NFTs is in video games, where game items are tokenized and traded on NFT marketplaces. The metaverse is also heavily linked with NFTs, which has increased interest in virtual real estate. However, this post focuses on the simple steps required to mint your own NFT.
Making an NFT is not as difficult as it seems. Anyone can make their NFTs, including you! But before describing how to make an NFT, let's discuss what an NFT is in the first place.
What is an NFT?
NFT its full term means Non-Fungible Token, and it is a representation of a physical object such as a piece of art, music, videos, items, or games in a digital form. Other things outside this list can be minutes as NFTs to secure their ownership. Digital materials such as social media content can also be minted as NFTs. As I said earlier, it is one of the top applications of blockchain technology. This is because NFTs are digital assets stored in a blockchain and have unique digital codes that serve as a means of identifying them. Although anyone can view an NFT for free, the person who buys the NFT is the only one with access to the original version of the collection.
The process of creating NFTs requires a cryptocurrency, majorly Ethereum, because the Ethereum blockchain is the most common platform for minting NFTs. You can buy and sell NFTs using cryptocurrency. They serve as proof of ownership to a unique digital item as the owner of a particular NFT is usually recorded on the blockchain.
The NFT market has grown in large proportions in the last few years. The worth of the NFT market in 2021 alone was a whopping $41 billion, which is nearly the worth of the universal fine art market.
NFT creators and NFT owners have made a lot of money from the NFT market. So, let us go into the steps involved in minting your first NFT.
6 Steps to Make an NFT Art
Anyone can create their own NFT even with little or no coding skills. To create your NFT art, you can easily follow the steps below:
Choose an NFT Marketplace
To make your NFT art, you will first have to select a marketplace. There about two kinds of marketplaces you can decide on:
- Curated Marketplaces: Here, only approved artists are allowed to make digital collectibles as only artworks of high quality are required and sold on the platform. An example of such a platform is the SuperRare curated platform.
- Self-Service Platforms: These kinds of platforms allow anyone to make their NFTs any way they like. Such platforms also allow you to place the charge for every NFT sale. Examples include Opensea and Rarible. Opensea is the largest and most popular platform that allows users to mint NFTs and market them to potential buyers
Get a Digital Wallet to Store Your Cryptocurrency
After choosing an NFT marketplace, you will need a wallet to store your NFTs and cryptocurrencies.
Having Ether is a good idea since most NFTs are built on the Ethereum blockchain.
You will need the ETH coin to make transactions, such as paying for transaction fees (Gas fees), before your NFT can be listed on the marketplace.
Customize Your Collection
In this step, you are not creating your NFT art yet. Instead, you are customizing your collection and giving it a description and a name.
When using the Opensea platform, you will see an interface "My collection" that represents a gallery for your artworks. You can decide on a single NFT or create a collection, depending on what you want.
Click the interface and add your description and then upload a display picture.
Create Your NFT
After you have customized your collection, you can go ahead and make your NFT art.
First, Click on the option "Add New Item,'' and you will see options to upload your item, which includes visuals, i.e., JPG, PNG, GIF, and so on. MP3 for audio items and GLB for 3D files.
Then go ahead to add features such as properties, levels, and starts that will provide buyers with information about your NFT.
Click " Create" to upload your NFT on the blockchain. You will need your ETH to pay for transaction fees and authorization in this step.
Put Your NFT Artwork Up for Sale
When you have created your NFT, you can list it on an NFT marketplace to attract potential buyers. Then, you can decide to set a fixed price for it or opt for a timed auction.
Advertise Your NFT Artwork
You will have to advertise your NFT to create awareness and attract prospective buyers.
You can advertise on various social media handles or share the link with fans to promote the artwork.
NFTs have taken the world by storm, and you can join the trend by going ahead to make your NFT now that you know what it is and how you can create one.