NFTs (Non-Fungible Tokens) have soared in popularity thanks to the many advantages they bring to creatives.
As an artist, designer or creator, you can reap the benefits of NFTs including making money from your creations.
That’s why we wrote a simple step-by-step guide on how to make and sell NFTS.
Before stepping into how to make and sell NFT’s, it is important to understand The Evolution of NFTs, NFT Slang, how to make money on nft and Best NFT Marketplaces for Artists. You can also have a look at The Future of NFTs and Why Do People Buy NFTs for better picture of NFTs in future.
How to Make and Sell an NFT: A Simple Guide for Creators – Overview
How to make an NFT
The process of creating an NFT is known as minting. Many NFT marketplaces allow you to mint your own NFT.
The world’s largest peer-to-peer NFT trading marketplace is OpenSea. In addition, it doesn’t have a review process; you can upload and list your work for sale immediately. That’s why we recommend creating your first crypto art on this marketplace.
Here’s how to create an NFT with step by step instructions:
1. Prepare your digital file
You can convert everything from digital illustrations, 3D models, video art, or music into an NFT. The first step is to have a digital file of your art. If you want to create an NFT for physical work, you must first digitize it by scanning.
Then, you can complete the following steps to make your NFT.
2. Download MetaMask
First of all, you need a crypto wallet compatible with the Ethereum blockchain because most of the NFTs are created on it. A crypto wallet allows you to buy, sell, store, or exchange crypto assets. OpenSea accepts all major Ethereum wallets, but the most popular one is MetaMask. We recommend you install it for your browser.
Head over to the MetaMask download page to download MetaMask for your browser and follow the instructions.
3. Fund your Wallet
Every transaction on the Ethereum blockchain requires fees. You must fund your wallet with Ethereum to cover the minting and listing costs.
4. Connect your wallet to OpenSea
To connect your wallet, go to the OpenSea homepage, click on the “Wallet” icon in the upper right corner, and choose MetaMask from the options. Follow the prompts on your wallet to finish the process.
5. Create your NFT
Go to the OpenSea homepage and click on the “Create” button in the upper right corner.
Upload your file and give a name to your NFT creation.
Describe your work and add an external link to it if you desire.
Your NFTs bring new royalty earnings every time there’s a secondary sale. Creators generally set a value from 5%-10% for royalty payouts. Decide which value you’d like to enter for royalties and click on “Complete,” and your NFT will be minted.
How to sell an NFT
How to create an NFT on Opensea? It’s easy to put your crypto art for sale on OpenSea. Take into account the gas fees for listing. Based on the busyness of the Ethereum network, they can be high. So, you might want to postpone the listing to a time when the fees are lower.
On OpenSea, there are two ways to list your crypto art NFT for sale.
You can use this option to set a fixed price for your NFT. You can also specify how long the NFT listing will last. When someone decides to buy your NFT, the sale price will be transferred to your wallet after subtracting the 2.5% OpenSea fee.
On OpenSea, buyers can make offers for NFTs. By choosing this option, you have the right to select the highest bidder. You can also set a minimum sale price known as the reserve price. Time auctions are particularly suitable for rare artworks with limited editions where many buyers compete to acquire the art.
It’s also possible that a buyer bid for an NFT you listed for fixed-price. This happens when they want to buy your work lower than your listed price. You can accept the bid if you think it’s a good offer. However, keep in mind that most bids are made via bots. Be careful not to take a too-low offer by mistake.
New NFT Community for Artists, Designers & Creators
The Forest is the first NFT community for designers & creatives. The Forest is more than a community however. It is an educational platform and NFT marketplace that empowers creatives with the knowledge, connections & tools to thrive as NFT & Web3 professionals.
Reason to join: This NFT community is for artists, illustrators, and designers looking to become thriving Web3 & NFT creators and is tailored towards beginners.
How to Make and Sell an NFT – Conclusion
There are other marketplaces to create and sell your own NFTs. They function in a similar vein. As a rule of thumb, you need a web 3 wallet to connect to the marketplace, upload your file, and determine the selling price and royalty fee. Steps are similar to those of the OpenSea’s.
For the NFT platform Foundation, you need an invitation from a fellow creative who has already published work on that platform.