Do you want to create and sell NFT on your own? No problem. Just follow this guide.
What can you do for NFT?
Of course, before you start the tutorial, you’ll need something that converts to NFT (Non-Fungible Token). This can It can be digital artwork, video or song. In theory, you could also convert real assets into tokens and trade NFTs, but this is still somewhat uncommon.
It is important here You are the author or owner of the rights to the item to be sold. You can’t just take a picture from the internet and convert it to NFT. In the first place, you have to be creative yourself. Read below how to create an NFT from your business.
If you have not yet understood what NFT means and how the system works, you must first Our detailed guide by reading.
In 4 steps to NFT
Step 1: Create a wallet
To create and sell NFTs Need a cryptocurrency. This in turn can only be stored in a digital wallet (how to create a wallet). This means that you need the wallet first. There are different providers for different currencies. However, since the major trading platforms It is usually based on the Ethereum blockchainyou also need the corresponding currency: ETH. You can read about wallets in question on the ethereum.org page. There is a handy wallet finder out there.
In addition, you can check the main trading platforms, What wallets are compatible with the service. By the way, wallets only interact with your crypto account. So you can switch between providers quite easily.
notice: Every blockchain has its own NFT standards. This means that if you create NFT artwork on the Ethereum blockchain, you can only view it on platforms that support Ethereum. Ethereum alternatives are, for example, Binance Smart Chain, Polkadot, Tron or Tezos. Introducing NFT on many blockchains is not a problem.
Step Two: Buy Cryptocurrency
Now that you have decided on the currency and wallet, you need to buy the corresponding currency. This is usually Possible directly via the wallet app. Depending on the provider, there are different payment methods to choose from. This step is necessary because the trading platforms charge a fee to create NFTs. Quantity From about 100 euros It should suffice as a start.
Step 3: Connect the wallet to the sales platform
In the next step you have to do Decide on a trading venue for your NFT business. There are now a variety of service providers. The largest ones include Rarible and OpenSea. You can find the feature on both platforms Create Straight. ConnectWallet. There you have to select your corresponding wallet and you can then establish the connection by scanning the QR code.
Also Read: Selling NFT Without Tax (2 Ways)
Step 4: Create and sell NFT
Now we come to the really interesting part of the tutorial: creating NFTs. In principle, the process is very simple. You have to submit your work (photo, song, video) first Upload in a suitable file format to the respective trading platform. For example, the following formats are accepted in Rarible: PNG, GIF, WEBP, MP4, or MP3.
You can then specify the details of the sale. Whether it’s an auction or a fixed-price sale. Additionally, you can Determine royalties. This means that you get a percentage of the sale price every time the artwork is sold. When you are finished with the specification, click “CreateYour artwork will be uploaded.
Now you can sell your NFT. However, it is not necessary to offer NFTs for sale. You can Even without the intention of selling and upload it to your default gallery. By the way, NFT is not tied to the platform you’re creating it on. NFT is on the blockchain and It can be offered on different platforms.