Do you want to make an NFT?
If your answer is YES then don’t worry, we have created a step by step guide explaining the entire procedure in the simplest way possible.
NFT, which is an abbreviation of Non-Fungible Tokens, has been a topic of discussion since the news of Beeple’s NFT getting sold for a whopping $69 million went viral on social media platforms.
This was not the only NFT that was sold in millions, a lot of people have made millions of dollars by selling their NFTs.
Since NFT does have the potential to make millions of dollars, a lot of people want to make an NFT but they don’t know how it is created.
If you too want to create an NFT and don’t know how it is made then don’t worry, we have you covered.
Also Read >> Are NFTs Haram in Isam?
This post will not only explain how to make an NFT but also teach you the easiest way to sell it for money.
Without any further ado, let’s get started:
How to Make an NFT?
Before we explain the procedure of making an NFT, let me tell you that there is a cost involved in it.
So, if you are ready to take a risk then follow the steps written below to create your own NFT:
Pick an Item
The first thing you need to do is choose a digital asset like a photo, video, GIF, meme, music or tweet, that you want to convert into an NFT.
The rare and unique it is, the better value it will carry.
Before you proceed further, make sure the digital asset you want to turn into NFT is owned by you.
Yes, you should have the intellectual property rights of the asset that you want to convert into an NFT.
If you create an NFT of someone’s property, you are most likely to be landed in legal trouble.
Select Blockchain Technology
Once you have selected an item that you want to turn into an NFT, start the mining process.
To get the minting process started, you will have to choose the preferred blockchain technology.
The technology that most people are currently using is Ethereum (Crypto: ETH).
You can also use Tezos, Binance Smart Chain, Cosmos, and Polkadot.
Create Digital Wallet
To proceed further, you will need to create and set up a Digital Wallet, if you have not already.
It is your digital wallet that will allow you to access your digital assets.
The popular wallets that you can use are — Metamask, Trust Wallet, Coinbase Wallet, Math Wallet and AlphaWallet.
Once you have successfully set up a Digital Wallet, you will have to buy some Cryptocurrency. The majority of NFT platforms support Ether.
Select NFT Marketplace
Once you have successfully purchased some Cryptocurrency, you will have to start making an NFT.
To make an NFT, you have to select an NFT Marketplace.
There are numerous NFT Marketplaces out there but you have to select the better one.
Here are some of the best NFT Marketplaces that you can select:
- Axie Marketplace
- Larva Labs/CryptoPunks
- NBA Top Shot Marketplace
- Nifty Gateway
Before you select any of the above mentioned NFT Marketplace, make sure to do your own research and find out which one is better for your NFT.
Also Read >> HOW TO BUY NFT ON OPENSEA?
Once selected, you will have to connect it to your digital wallet.
Once connected, you will have to pay a certain fee to mint your NFT and hold any sale process.
Upload Your Digital Asset
Now, the time has come to upload the file that you want to turn into an NFT.
Regardless of what Marketplace you select, they will show you the steps to upload your file to their platform.
Once uploaded, the process of converting the file into an NFT will automatically begin.
Set-up The Sale Process
Lastly, you will have to decide the process that you want to use to monetise your NFT.
To make your work easier, we have mentioned all the monetization methods below:
- Sell your NFT at a fixed price
- Set a Timed Auction
- Start an Ultimate Auction
Frequently Asked Questions (FAQs)
Q1. Can anyone make an NFT?
Ans: Yes, anyone can make an NFT. All you need to do is select an NFT platform, create a wallet and pay the necessary fee.
There are plenty of NGT Creator tools out there that can be used to make an NFT. If you are having trouble finding the best NFT creator tools then click on the link.
Q2. How to make an NFT?
Ans: To create an NFT, you will have to follow the steps that we have mentioned above.
Q3. How much does it cost to create an NFT?
Ans: There is no fixed price to mint an NFT. If you mint an NFT in 2022, it will cost you between $1 to $500 or sometimes that price could go way higher than the mentioned one.
If you are new to creating an NFT, I advise you to use platforms like Opensea, Rarible, or Mintable.
Q4. Can I create an NFT for free?
Ans: Yes, you can create an NFT for free but you would not be able to sell it without spending money.
Q5. How can I get NFTs for free?
Ans: There are plenty of video games available on the internet that pay you in the form of NFT. For the uninformed, these kinds of games are called play to earn games.
That’s everything you need to know about how to create an NFT in 2023.