How to Create an NFT: Step-by-Step Guide to Make Your 1st NFT
More and more people wonder how to create an NFT and make big money on a digital piece of art. But not everyone has a clear understanding of what NFT is. Before you learn how to create NFT art, make sure you know what a non-fungible token is.
An NFT is a unique item (photo, video, audio, in-game collectible, etc.) that is stored on the blockchain with unique properties. Compared to cryptocurrencies, NFTs aren’t interchangeable. Each piece of digital art has a barcode that identifies it as unique.
Have you heard about the artwork “Everydays: The first 5000 Days” that sold for $69.3 million? Who knows what if you are the next lucky person who makes big money on NFTs? Check the instructions below to have a clear picture of how to create NFT, how to promote NFT, and how to sell it profitably.
Choose the Format and Pick Your Content
The very first thing you should do is to select the content and format of your future NFT. What can you use to create NFT art? There are tons of options to choose from.
It can be a pic of your favorite pet, text, an audio file, a video, collectibles from the game, etc. If you are a fan of video games, you can use weapons and avatars, and other items as NFTs. It’s up to you to choose the content.
What about the format? You are free to pick the one you like most taking into account your NFT theme. After you choose the content and format for your digital artwork, you will need to convert it to the appropriate file type.
Choose the Blockchain for Creating NFT
The next step in the “how to create NFT digital art” process is the selection of a blockchain. You need to choose the technology you want to use for your digital artwork. There are several popular options to select from: Ethereum, Binance Smart Chain, Tezos, Cosmos, Polkadot.
Most choose Ethereum blockchain technology when you want to create your own NFT.
Set Up the Crypto Wallet
You can’t perform any transactions without a crypto wallet. Setting up a wallet is an essential part of the NFT creation process. You can use a browser extension or an app on your smartphone.
The main criteria for choosing a crypto wallet are safety and reliability. When you choose the wallet to set up, make sure that the crypto used there matches the platform you have chosen.
Select the NFT Marketplace
Have you already created your NFT and want to make money on it?
First, you need to select the platform where you could sell it. Keep in mind that there are many marketplaces each of which has its own differences. Some platforms may not support the file format you have chosen. Also, you need to check how much it costs to create your own non-fungible token on a certain platform as prices may differ.
The most popular marketplaces are OpenSea and Rarible.
Upload Your Created NFT
“How to make an NFT in the necessary file format?” If you are ready to mint your NFT, you need to go to the platform you have chosen, follow the step-by-step guidelines on how to create an NFT, and upload the file according to the instructions on the platform. After you turn the file in a marketable NFT, you will be able to proceed to the next step – setting up the sales process.
Set Up the Sales Process
There is more than one way to monetize your digital artwork. Are you wondering how to create NFT art and sell it at the best price? You can either sell your NFT at a fixed price or at an auction. Everything is clear with the fixed price.
What about setting a timed auction? In this selling format, people who are interested in getting your non-fungible tokens will have a limited period to purchase the artwork. You can also set an auction that doesn’t have time limits. It is up to you to end it at any time.
Don’t set the lowest possible price – you don’t want to lose money. Identify the minimum price you can afford, taking into account all the fees. Keep in mind that fees can differ on marketplaces. Also, you can face the volatility in crypto pricing that will affect the fee. That’s why it’s essential to monitor all fees to make sure that the price you have set up is reasonable and profitable for you.
Some NFTs can sell within minutes while others won’t stay on the market for longer. You need to understand that nobody can guarantee that you will sell your NFT collection quickly and earn a good profit. One of the ways to speed up the sales process is to effectively promote your token.
Promote Your Created NFTs
Now, you know how to make NFT art. What about the promotion? It will depend on the specifics of your digital artwork, but the most effective strategy is PR or public relations.
You need to take care of the positive reputation of the NFT. The more channels you use, the better. You can promote your NFT via online advertising, podcasts, social media, etc.
Do you want to attract the attention of the biggest collectors who are ready to spend big bucks on NFTs? Your best course of action is to use communication channels like Telegram, Twitter, Discord. You’ll achieve success when you manage to present your NFT in the best light and attract your target audience.
Follow the tips above on how to create NFT and try your luck to make big money on your digital artwork. Make an NFT, choose the best marketplace, promote it by using popular media, and you’ll definitely sell your non-fungible token within a short period.