How do you make an NFT?

If you’ve ever lived under a rock, you might have missed it Mad NFT Global which lasted for two months. You probably haven’t, so you may have seen something related to NFT somewhere on the web while you were browsing.

As of January 2022, NFTs traded over $3.2 billion in a single trading volume The market space is called open sea. Let’s find out in this article all about NFTs, why they are so popular and what exactly are theirs purpose in the world.

Having said all that, you might be wondering, how can I To enter the NFT game? Can I own and sell NFT for millions of dollars?

First of all, what exactly are NFTs? Well, this article will explain everything to you.

You may have heard that Mike Winkelman – the digital artist known as Beeple, sold his NFT collection for $69 million. early 2021.

These numbers have caused many people to wonder if they can get NFT ad train And since you’re reading this article, you’re probably in that group. In fact, we don’t blame you. NFTs in trend Experts say this phenomenon will not be short-lived and that we may look to the future of the NFT-dominated world.

We will also see how you can invest in NFT and how you can do it Create your own Which could become the next major in the coming months. But, before we delve further into NFTs, let’s first see what that means NFT.

First of all, let’s debunk the acronym. NFT (non-replaceable tokens) They are basically digital codes stored on the blockchain.

What is NFT?

First of all, we want to say that we don’t judge you if you don’t know what NFT is. Although at the moment it is a file global phenomenonWe guarantee that many people think they know what NFTs are, but they don’t really know. You won’t be like them anymore and we’ll explain in detail what NFT means and why NFTs are very popular.

Simply put, NFTs represent the property that one can have in a particular digital file. This file can be anything: artwork, song, cartoon, or book. There are endless possibilities.

These files are not exactly stored on the blockchain – to be more specific, the link to the file is stored on the blockchain, along with a token that looks like proof of ownership of that particular item.

However, blockchain is often mentioned along with cryptocurrencies, but that does not mean that NFTs are the same. In fact, there is a fundamental difference. In crypto, every currency is the same (there is no reason why you would prefer a particular bitcoin over another), but in the NFT world, every NFT is unique.

If you want to learn more about NFTs and delve into the topic of how they fit into the digital world and why they are so popular, this is Our other item It might be a good place to start.

Now, a quick disclaimer before we start explaining how to create your own NFT.

NFT can be almost any digital file, But some files are more preferred than others. Photos, videos, or digital artwork are at the top of the list, and many people buy them for unbelievable amounts of money.

How to create your own NFT on OpenSea?

Before starting the process, You need to prepare your wallet. Some of the best wallets available are covered in our other article, but for the purposes of creating an NFT, we recommend that you create a wallet Metamask: It’s very easy and only takes 2 minutes.

If you want to follow a step-by-step guide on how to create a Metamask wallet, we suggest you take a look at this video from MoneyZG.

Create an account

Now that we’ve eliminated these technical aspects, let’s see how you can create your own NFT. In OpenSea, you must first create your account.

The integration between OpenSea and Metamask is seamless, so you probably won’t have any additional inputs to get into it, except for your wallet username and password.

Now that you’ve set up your account, it’s time to create your own NFT and put it on the market. As we said before, NFT can be almost anything, but in OpenSea you can select one of the formats they offer. Photo, video, song or animation are the most popular, so you should definitely choose which one you like before creating an NFT.

Blockchain Choice

Let’s say you have an NFT that you want to upload (for example, a picture of a snowy mountain that you find beautiful). Now you need to upload it to OpenSea. Before describing the process in detail, it is important to know that there are two options when it comes to choosing blockchains: Ethereum blockchain or Polygon blockchain.

If you want to use the Ethereum blockchain (the most popular), be prepared for the authorization fee of between $300 and $400 in ETH. (This price was during our tests). It’s an expensive one-time fee, but later you’ll be able to issue the lazy NFT and sell it to potential buyers without conversion.

If you choose the Polygon blockchain, the fees are non-existent. But buyers will not be able to buy NFTs directly with ETH. They will first have to convert ETH to the token used in the blockchain, which will cost gas fees.

Both options have their pros and cons, it is up to you to choose the one that is right for you. For our testing, we chose the Polygon blockchain, only because we didn’t want to buy additional fees.

NFT قائمة List

Below the description field, you will find additional fields that are not so important for our case. There are other properties, levels, and stats that you can fill in if you want to be more specific about your NFT, for example if you’re selling a video game character or artwork.

We’ll skip this one because we only sell a picture of the snow-capped mountains we love.

Both options have their pros and cons, it is up to you to choose the one that is right for you.

Sell ​​NFT

The page will appear Create a new object And Here the first step is to upload the NFT you want to sell.

You can drag and drop the file or select it manually from the folder on your computer. Once you do that, the next step is to name your item and add a short description that you think is appropriate.

After everything is done, your NFT will be listed in open sea And potential buyers will be able to purchase it with just a few clicks.

On the polygon blockchain You can create a fixed bid (enter the price you want to sell the NFT for), but on the Ethereum blockchain you can also create an auction.

In our case, we will only put the fixed amount 1 ETH. To complete everything, click on the “Complete List” button and depending on the selected blockchain, some will be displayedni popup.

basic!

And it might be a good idea to try it out for yourself as soon as possible, because of the hype that’s going on in NFT strong. It will definitely continue. Experts say that NFTs are the future and that more and more people will participate in the market in the coming years.

So, if qSuch is his condition (and who we are skeptical of the experts), so why waste such an opportunity? Who knows, your snowy mountain might be the next sale for over $50 million!

NFTs are the future

It wasn’t that hard, was it? Listing NFTs has never been easier, and while it may seem like a lot of work when you try it out for yourself, you’ll see that it’s not that complicated.

Content Writer, born 1997. I have a Bachelor’s degree in Operational Management and I am currently trying to get a Master’s degree in a college Regulatory Sciences in Belgrade.
I have been a passionate writer since I was a child and over the past 3 years I have been involved in many projects writing on different topics. I love doing research and
Find out what topic I’m writing about – you can call me a perfectionist. I’m driven by detail and do better when I have my morning coffee by my side. In October 2021, I joined
The trend team is online as a writer and intent on bringing the best possible articles to our readers. my goal? To be the best possible version of myself.

My motto: Be yourself. Everyone is already taken!.

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