How to create an NFT in 7 steps
Non-fungible tokens (NFTs) are a unique type of cryptocurrency that has become increasingly popular in recent years. They are different from traditional tokens because each one is completely unique. This makes them perfect for a variety of applications, such as digital collectibles, gaming platforms, digital rights management, and more.
In this post, we will walk you through the process of creating an NFT in 7 easy steps. So if you’re interested in learning how to create your own NFT, keep reading!
What is a Non Fungible Token (NFT)?
Tokens that cannot be duplicated are known as non-fungible tokens. This makes them ideal for representing unique items, such as collectibles or digital rights.
Digital media, such as images and films, or digital representations of real-world assets like real estate, or even a Stick Figure drawing, are all examples of NFTs in the NFTs universe. Since every NFT is unique, NFTs cannot be exchanged directly for another of the same type.
The creation and trading of NFTs on a blockchain network is open to anyone.
Steps in creating an NFT
1) Choose the asset you want to represent as an NFT
NFTs are extremely adaptable, allowing you to generate a wide variety of different types. Many things can serve as assets, such as works of art and event tickets. You can also make an NFT out of real-world artifacts, such as rare collectibles or a portrait autographed by a celebrity.
It is not necessary to hire a developer if you only want to create a basic NFT. However, if your NFT is more complex, such as a game or a smart contract, you may require the assistance of a developer. It’s also possible to hire a professional artist to produce a piece of art just for you.
2) Choose the right marketplace platform
There are numerous NFT marketplaces to choose from when it comes to minting your item. Make sure you complete your research before deciding which NFT marketplace is best for you. OpenSea, Rarible, and SolSea are three of the most popular.
Thanks to these platforms, it is easier for newcomers to get started with NFTs. If you don’t want to authenticate your NFT or write it on the blockchain, you can use shortcuts such as “lazy minting” on OpenSea or Rarible.
Fees, which are sometimes referred to as “gas fees,” are one of the most significant factors for newbies. Different marketplaces charge other fees as well, depending on how you want to mint and sell your NFT. OpenSea, for example, charges an account setup fee that might reach $100 in some situations.
3) Setting up a crypto wallet
Setting up the digital wallet where you’ll save your coins and NFTs is the next step. When choosing a wallet, ensure that it is compatible with the blockchain and NFT marketplace where you plan to mint your NFTs.
There are many crypto wallets available. However, the MetaMask browser extension wallet is used by most NFT producers. This wallet connects to the majority of the blockchains used to manufacture and trade NFTs, including Ethereum and Binance Smart Chain. Other popular wallets are Enjin, AlphaWallet, and Trust Wallet.
4) Shop for cryptocurrency at a marketplace
Your wallet is ready, so now it’s time to buy some cryptocurrency and pay the gas costs for your NFTs to be mined. Create a Binance, Kraken, or Crypto.com account, as these are the best places to start. It’s a simple process that can be done on your phone.
You may buy cryptocurrencies online once you’ve created an account. If you wish to mint NFTs on one of the Ethereum or Solana blockchains, you’ll need to purchase Ethereum (ETH) or Solana (SOL) coins first. Then, transfer your coins to the wallet you created earlier in the process.
5) Set up an NFT connection in your wallet and start minting
The “Create” button is located in the upper right corner of the marketplace’s homepage. Next, you’ll be asked to select an image file and give a name to your NFT. Your work description, an external link to extra information like your website, and which blockchain to base the NFT on (like Ethereum or if you’re on OpenSea) are all optional fields that can be included in the application.
Now that you’ve obtained the necessary cryptocurrency, you’re ready to mint your NFTs.
6) Promote your NFTs
When everything is in place, you may begin promoting your NFTs. It’s interesting to note that marketplaces like OpenSea don’t have any methods for getting your NFTs in front of customers. There is no way for others to learn about your NFTs other than by your actions. As a result, planning your NFT marketing campaign is a wise move.
NFTs can be found on their own, but you shouldn’t expect anyone else to find them. That’s why so much of the NFT game is devoted to fostering a sense of community and raising awareness.
One important way to do this is through social media. Get ready to tweet and message your friends and followers on various social media platforms.
You may also want to create a Discord channel. Discord is a Slack-like platform for gamers and crypto enthusiasts, and many NFT campaigns have their own channel to build community and provide information.
7) Sell your NFTs
To sell NFTs, you can set a price, set a minimum bid, or leave the pricing open and allow people to come up with their price. Your MetaMask wallet is credited when a sale is completed, and you can transfer funds to your Coinbase wallet or any other account from there.
Even while some digital producers claim to be generating a lot of money quickly and easily by creating NFTs, it’s important to remember that this movement is still in its infancy. Because of this, NFTs are already well-established in the online creative economy, where artists, singers, content creators, and video game developers may all benefit from passively monetizing their work for years after the initial sale. Although making and selling NFTs isn’t an easy way to make money, it isn’t a bad idea. Selling your digital assets this way will cost you money up front, and there is no assurance that anyone will want to buy your work.
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 coins 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 conceptualization.
So get in touch with us now on 1300 818 435 or message us online.