How to Create and Sell Profitable NFTs

The term 'NFT' is quite popular these days and many people are keen to explore it and know more about it. If you are of those explorers who wants to know how to create the NFTs then this is the correct place you are in. In this article, you will find the method to create and sell an NFT.

A Brief History of NFT

NFTs-'Non-fungible tokens' are characterized as unique collectible crypto assets, have been around since 2012, when the concept of coloured coins or bitcoin coloured coins emerged, usually known by their English name, coloured coins. 

 

Today, NFTs have become one of the most prominent crypto trends of the year 2021, with a drastic growth in total sales of 55%. It advanced from $ 250 million to $ 389 million. 

 

These animal caricatures adapted from the viral internet memes were some of the recent examples of unusual digital artwork bound to crypto tokens. This gravelled the way for the ideation and production of new standards for non-fungible tokens, a set of blockchain building blocks that allow developers to create their own NFTs.

 

Let’s Create NFTs

 

These NFTs can be used to design virtually any type of actual or hypothetical item that involves the artworks, virtual items within the games, music, collectibles (Eg: digital cards), tokenized real-world assets: from real estate to cars, virtual land, videos of iconic moments and so on.

 

The process of creating your own NFT, whether it is a GIF or an image, is relatively very straightforward and doesn't require a great deal of knowledge of the cryptocurrency industry. NFT works can also be used to create collectibles such as digital card sets.

 

Decide a Blockchain

 

Before starting, you will have to decide on which blockchain you want to issue your NFTs. Today, Ethereum is the main blockchain service for originating NFTs. However, there exist other blockchains that are becoming increasingly popular.

 

Some of them are Binance Smart Chain, Flow by Dapper Labs, Tron, eos, Polkadot, Tezos, Cosmos and WAX. You can use them also as per your convenience and understanding.

 

Each blockchain has its own NFT token standard, supported wallet services, and marketplaces. For example, if you create NFTs on any particular blockchain, you will only be capable of selling them on platforms that support assets under it. 

 

This means that you will not be able to trade them on VIV3, a marketplace based on the Flow blockchain, or OpenSea, an NFT marketplace based on Ethereum. Since Ethereum has the largest NFT ecosystem, here is what you will need to coin your own artwork, music, or video into it.

 

An Ethereum wallet supports the Ethereum-based NFT token standard, such as MetaMask, Trust Wallet or Coinbase Wallet between $ 50 and $ 100 in Ethereum. If you use the Coinbase wallet, you can buy ether from the platform with fiat currencies.

 

If not, you will have to buy ether from a cryptocurrency exchange. You can always find a guide to buying cryptocurrencies using the most popular exchanges if in case you struggle to proceed with it.

 

Connect and Upload Your Files in the Marketplace

Once you have done all of this procedure then connect your wallet with a platform. Which platform? There are plenty of NFT-centric platforms that allow you to connect your wallet to them. Then you can upload the image or file you want to convert into a non-fungible token.

 

Some of Ethereum's main NFT markets are, OpenSea, Rare and Mintable.

These makersplaces also permit you to design your own NFTs, but you need to register beforehand to be a listed artist on the platform.

 

Currently, OpenSea is the largest Ethereum-based NFT market so let's consider it for now. OpenSea (also Rarible, and Mintable) have a "Create" button in the upper right corner and this is from where the process works.

 

Create Your Art

 

Clicking on the "Create" button will open a screen that will ask you to connect your Ethereum-based wallet. Once you have entered your wallet password, it will connect to the marketplace.

 

You may have to digitally sign a message on your Ethereum wallet to prove that you are the owner of its address, but it only takes one click to continue. There is no cost to digitally sign a message; it only serves to prove that you are the owner of the wallet.

 

The next step in OpenSea is to go to the upper right corner and select "My Collections". From there, click the blue "Create" button. A window will appear allowing you to upload your artwork, add a name, and include a description.

 

This part essentially consists of creating a folder for your newly formed NFTs. Once you've assigned an image to your collection, it will appear to you on screen. Next, you will have to add a header image to the page by clicking on the pencil icon in the upper right corner (red).

 

Now you can create your first NFT. Click the "Add New Item" button (blue) and sign another message with your wallet. You will arrive at a different window where you can upload your picture, audio, GIF or 3D NFT model.

 

In OpenSea and various other marketplaces, you also have the choice to incorporate special features and attributes to increase the rarity and uniqueness of your NFT. 

 

Creators even have the ability to include unlockable content that only the buyer can view. It can be anything: from passwords to access certain services to discount codes and contact information.

 

Once you finish the above-mentioned procedure, click on "Create" at the bottom and confirm another message in your wallet to validate the creation of the NFT. The work should then appear in your collection.

 

One important thing to keep in mind is to have sufficient funds in your wallet and the paying the listing fee. After the completion of this step your work is ready in your hands. You can also sell it now.

 

I hope this article will help you in the best possible way and will benefit you in your NFT creation journey. Create wonderful NFTs and use your creative ideas for your profit.

 

Written By - Sanskriti Dimri