The Ultimate Guide to Creating and Selling Your Own NFTs
What are non-fungible tokens (NFTs)? All that you need to understand about these unique digital assets is included in this comprehensive guide.
Let’s discuss what NFTs are, how they’re manufactured, and the different ways they can be traded. We’ll also provide you with some pointers on promoting your NFTs. A newbie or an experienced blockchain user can benefit from this guide’s content. Stay tuned!
How to Create NFTs
Anyone can create their own NFTs. You can even use the tools provided by some exchanges to develop and trade your own NFTs. The following is a list of the most important steps:
Select a digital asset to store
A simple NFT can be created from any one of these formats: a digital painting, a story, music, or a video. It is entirely up to you to pick the format you want. But, of course, what you decide on should be something you have the intellectual property rights to.
Decide on a marketplace
To list your NFT, you must first choose a marketplace where you can develop and list your NFT.
The top three platforms are Mintable, Rarible, and OpenSea. Sites like Rarible have free membership and have no restrictions on what you can post. But each platform has advantages and disadvantages.
Stock up on cryptocurrency
You’ll need some cryptocurrency to mint (or produce) your NFTs. For example, if you’re producing your NFTs on the Ethereum blockchain (most NFTs are created this way), you’ll need Ether.
To save your Ether, you will also need to create a wallet on your computer. “MetaMask” is one of the most user-friendly. It’s available as a free app for iPhone and Android devices.
The cost to produce an NFT fluctuates widely, but having at least $100 in Ether is a good place to start. Keep in mind that the current operational price of the currency means the minting procedure could cost you much more.
Even if you use Rarible, where you don’t have to pay a cent to mint your NFT, you’ll still need to link a wallet to your account to get started using the site.
List your NFT
The specifics for listing an NFT vary for each marketplace, but the overall process is similar.
Rarible has a simple process:
- To link your Metamask wallet to Rarible, click “Connect wallet” on Rarible’s website.
- Click the “Create” button.
- Create a single NFT by selecting “Single” from the drop-down menu.
- Upload the file you’ll be using to build your NFT. You must have at least 100 MB of free space on your hard drive to use this service.
- The price of creating your NFT will be displayed. Pay the fee to list your NFT.
Your NFT will appear on your profile and the Rarible marketplace. Hooray! You’ve just created your first NFT!
Selling your NFT
You are ready to sell as soon as your NFT is live in the marketplace. But people must be aware of what you’re offering, just as they would with any other commodity. This is where marketing becomes essential.
Here are some ways to market your NFTs:
A Twitter account for your NFT Collection is a must. You must tweet as many as you can per day. To gain a following, you must participate in NFT discussions and provide value to the ecosystem.
Make use of Reddit
Reddit is the best social networking platform out there. You’ll make it to the top if you get a lot of attention.
Participate in Ask Me Anything (AMA) sessions
Host an AMA session for your project. People can ask questions about your NFTs to understand the project better and feel ownership. AMAs can be held on Reddit, Discord, or Telegram.
A successful AMA will boost your popularity with a tech-savvy audience. Also, they can be a great way to show individuality and engage in honest discourse.
Invest in paid ads
This is another strategy to get your NFT in the eyes of the public. You can use the paid ads model for that. For example, ads on Google and Facebook can be used to sell your NFTs. Also, sponsored advertisements may always reach a larger audience. Thus they are always beneficial.
As a result, you’ll raise awareness of your company’s name and products. If you’re in plain sight, people will notice and remember you.
Develop a community around your NFTs
The project’s community is vital. Strong communities boost brand awareness and NFT value. Communities can be formed on Discord, Twitter, and Telegram. Founders invite the public to join, and they invite friends. This system grows the community.
Instead of disseminating spam about your NFT project to community groups where you’re trying to promote your NFT project, make an effort to communicate with the community members. Ask people in the community what they think about it, respond to questions, and participate in the ensuing conversations. This creates relationships, which attracts new audiences to your NFT initiative.
Make a press release
Press releases may be expensive, but you may be able to get a deal or even a benefactor to help you out. When well-publicized on the right websites, a press release can help you move ahead and attract your project’s attention.
Overall, making and selling your own NFTs isn’t that difficult. The graphic user interface on many NFT platforms makes the procedure as simple and intuitive as possible.
So, give it a try. Your NFT may achieve fame and fortune in this new digital world!
Chat with the expert NFT promoters and marketers at Mooning
Sure, all the examples of NFT promotions we listed are from global brands with endless coin to throw at their campaigns. But you really don’t need a crazy-high budget to see some seriously incredible outcomes – as long as you know the delicate intricacies of building a killer NFT marketing strategy!
If not, no worries – Mooning is here to take care of everything for you and make sure you see the most amazing ROI you’ve ever seen before. Our team has the knowledge and experience to promote your NFTs in order to deliver maximum awareness and interest, driving the sales prices up sky-high and beyond.
We provide a full suite of expert NFT marketing services and go above and beyond for every one of our clients to ensure only the best results. Our team will help with everything from minting, listing and selling, NFT creator sourcing, community management and campaign conceptualisation.
So get in touch with us now on 1300 818 435 or message us online.