NFTs, also known as non-fungible tokens, have gained enormous popularity in recent years. Furthermore, NFTs have acquired popularity outside of the cryptographic community, with the notion of NFTs becoming increasingly popular among the general public. Everything from art and music to memes is becoming digital assets, which are being sold for vast sums of money, and in some instances, ludicrous sums of money, on the open market.
This might encourage you to take a chance and make yourself an NFT. But you might be confused about how to create your own NFT. Well, not to be worried, If you are interested in making your own NFT then you have landed on the one perfect destination. Throughout this guideline, we will break down the whole procedure into 5 steps so that you can understand the whole very easily. So let’s just now waste any time and jump into the process of “How to make your own NFT”. The process is given below:
1. Select Your Item
Picking the artwork is the first and most important step you must do. Non-fungible tokens may be used to represent any digital file that is not fungible. Making an NFT of digital artwork, a text, a piece of music, or a video may be done in many ways.
It is possible to create anything into a multimedia file. After all, the goal of the NFT game is to transform digital artwork into “unique” items in an era when everything may be replicated indefinitely.
2. Have Some Ether For Crypto Wallet
Following the selection of your digital asset, the next step is to get some Ether.
We’ll assume for the sake of simplicity that you’re going to use Ethereum to create your NFTs, but there are a variety of blockchains you may choose from. Ethereum is the most widely used, and it is supported by the majority of the most notable NFT markets.
It may be necessary to spend money in order to mint an NFT. As a result, you will want an Ethereum wallet that has some Ether (the money that is based on Ethereum). “MetaMask” is one of the simplest to utilize among the available options. Your iPhone or Android smartphone may be equipped with an app, which is completely free.
The price at which the NFT is asked to be created is quite changeable. Ensure that you have at least 100$ worth of Ether, but keep in mind that the minting procedure might cost you significantly more, depending on the daily operating price of the cryptocurrency.
If you want to mint your NFT on OpenSea, however, the procedure is completely free due to the sort of token the platform will generate; nonetheless, you will still need to link your wallet in order to establish an account.
3. Pick A NFT Marketplace
Following the completion of your setup, you will need to choose a marketplace where you will physically (virtually?) construct and then list your newfound wealth.
Most people use Mintable, Rarible, or OpenSea, which are all popular options. Because it’s free to join and there is no moderation on the stuff you may list, we’ll use the last one for the purposes of this guide. This implies that you do not need to be authorized as an artist in order to sell your work in the marketplace. However, this also means that the market is flooded with digital items that no one will ever use.
Select “My Profile” from the drop-down menu on OpenSea after clicking on the user icon. Choosing how to link your ETH wallet to the rest of the process is done on this page. Use MetaMask to connect to the platform by choosing “Use a different Wallet” and then clicking on the Wallet Connect button. If you don’t have MetaMask installed, you can install it by going to Settings > Wallets > Install MetaMask. There are no complicated steps in this technique. Then, via your MetaMask app, approve the Wallet Connect process by following the platform’s instructions.
4. Make an NFT
After you’ve linked your ETH Wallet to OpenSea, you’ll be able to proceed to create your first NFT. Create a new collection by selecting Create from the top menu bar. Fill out the form with all of the necessary information, and then save it.
You’re now ready to begin the actual minting procedure for a fresh NFT in your possession. Select New Item from the drop-down menu, upload your artwork and provide as much information as you like about it. When you’re ready to go ahead and create something, click the create button.
Congratulations, you have completed the creation of a token! OpenSea requires you to access the freshly created item in your collection and click on the “sell” button before it will accept your offer to sell it. When you get to the selling page, you will be able to choose the Ethereum tokens that you will take as payment, whether you want to sell at a set price or at an auction, and the royalties that you will earn from the first and future sales.
5. How to Reap The Profit?
So you’ve produced an NFT and successfully posted it on the OpenSea marketplace. What’s the next step? What should I do now? Waiting for someone to notice your valuable token won’t get you very far in this game. Unless you already have a group of individuals who might be interested in your work, you’ll have to sell the thing on your own.
That is the most difficult aspect of the process, and it has nothing to do with the creative endeavor itself. Yes, it is every bit as brutal and picky as the actual art world in which it exists. It’s not a good idea unless you’re the protagonist of a meme or other online phenomena. If that’s the case, congratulations, you’ve most likely discovered a method to monetize that awful photo that others have always used to make fun of you.
