With the recent explosion of Non-Fungible Tokens (NFTs), many are wondering how to make one themselves. There are many opportunities to create an NFT, and now is the best time to get involved. Anyone can create and sell their own work as an NFT!
In this article, we will walk you through the different ways to create an NFT.
But first, let’s explain what an NFT is for those of you who might be new to this ecosystem.
An NFT is a token that can be used to represent the ownership of unique items. In other words, a digital art NFT can be copied, but there is only one original with one official owner at a time. NFTs are secured by the Ethereum blockchain, meaning nobody can alter the record of ownership or copy/paste a new NFT.
Let’s break the name down. In “Non-Fungible Token,” non-fungible is a term that can describe things like a song file or a piece of furniture. These are each unique items with their own sets of properties, meaning they can’t be interchanged for other items.
Here are a few unique features of NFTs:
• NFTs are digitally unique and can never be replicated.
• Each NFT has one owner that is in the public record.
• NFTs enable content creators to sell their work throughout the entire global market.
• Content creators have the sole ownership rights over their work.
• NFTs can be used in many different ways, whether presented as art or used as collateral in a decentralized loan.
Now that you have a little more background knowledge, let’s take a look at how to create an NFT, step-by-step.
The first step to creating an NFT is to choose an NFT platform and decide on what content you will focus on.
There are many different online platforms that enable you to make and sell NFTs, with some of the most popular NFT auction platforms including Rarible, OpenSea, SuperRare, Nifty Gateway, Foundation, BakerySwap, VIV3, NFT ShowRoom, and Axie Marketplace. Each platform has its own unique set of features and collections.
After choosing an NFT platform, you want to decide on what type of NFT you’ll create. The options are endless! You can create NFTs with digital art and pictures, music, video game collectibles, memes, GIFs, tweets, and much more. Just make sure you own the intellectual property rights to the item you’re looking to turn into an NFT.
There are many different platforms that can help you create your own content. For example, starryai enables you to generate art by simply describing what you want to see. The algorithm then uses artificial intelligence (AI) to transform your words into digital art, which can then become your own NFT.
The next step to create an NFT is to choose a payment wallet and buy cryptocurrency. The payment wallet is required to pay fees and receive payment for your NFT is necessary, and there are many NFT payment platforms like Coinbase, MetaMask, Portis, Torus, WalletConnect, and MyEtherWallet.
All of the NFT auction platforms require you to pay upfront to ‘mint’ your NFT, and they request the payment in the form of cryptocurrency. Most of these platforms charge the fees in Ether (ETH), which is the native crypto of the blockchain platform Ethereum.
If you already possess some crypto…great! But if not, you can either turn to one of the many available crypto exchanges to purchase some, or buy ETH directly with your digital wallet.
After setting up your digital wallet, it is necessary to connect it with the NFT marketplace you plan on using to create an NFT. No matter the digital wallet you choose, most of them work in a very similar way.
You will want to navigate to your chosen NFT marketplace and connect your wallet. This will be easily identifiable on the platform's site, and you will have no trouble finding instructions on each.
Take a look at the image below, which shows the OpenSea NFT Marketplace. The button at the top right corner of the page brings up a pull-down menu for connecting the digital wallet of your choice.
Now that you have an NFT platform and a digital wallet filled with crypto, you can mint your own NFT! This is the last step to creating your own unique digital asset. The top NFT marketplaces walk you through how to upload a digital file to their platform, which will enable you to turn the digital file into a marketable NFT.
In the image below, you can see how you are able to upload a digital file to the OpenSea platform.
You can also customize your NFT further by placing it in an existing collection, or adding properties, levels, stats, and unlockable content.
Once you hit the ‘create’ button…that’s it! You have created and minted your first ever NFT. After learning how to create an NFT, the opportunities are endless. You can choose to display your NFT, hold it while it increases in value, or sell it. NFTs are the future of digital assets, and now is the time to become part of this exciting and revolutionizing ecosystem!