The Ultimate Guide on How to Make an NFT in 6 Easy Steps

Here’s A Step-By-Step Guide

The world of NFTs, or non-fungible tokens, has become the only thing many people can talk about, showing no signs of slowing down. Many people have become millionaires overnight of these unique collectible cryptocurrency assets. Below is a step-by-step guide on how to make your NFT:

1. Choose Which Item

First off, let’s start with the basics. You’ll have to determine what digital asset you will turn into an NFT. It could be a custom piece of art, a song clip, a video game collectible, or even a tweet (what Jack Dorsey, founder of Twitter, made his first tweet into an NFT).

2. Picking Your Blockchain

Next, it’s time to start the minting process for your NFT. This part begins with picking what blockchain technology your NFT will use. Some of the most popular NFT artists who have made names typically use Tezos, Polkadot, Cosmos, and Binance Smart Chain.

3. Get a Digital Wallet

Step three is time to set up your digital wallet if you don’t already have one. In your digital wallet, you’ll hold cryptocurrency to fund your initial investments for your NFT. This digital wallet will be the access point for all your digital assets. Metamask, Math Wallet, AlphaWallet, Trust Wallet, and Coinbase Wallet are top-rated platforms.

4. Picking the Right NFT Marketplace

Now it’s time to pick the right NFT marketplace; some of the most popular options are OpenSea, Axie Marketplace, Larva Labs/CryptoPunks, NBA Top Shot Marketplace, Rarible, SuperRare, Foundation, Nifty Gateway, Mintable, and ThetaDrop. It’s best to take some time and research the best fit for the type of asset you’re looking to create. It’s best to take some time and research the best fit for the type of asset you’re looking to create and then sell.

5. Time to Upload Your File

In step five, you’re now ready to start minting your NFT after picking which marketplace to upload your asset to platform. This process will take your item and change it from a digital file (a PNG, GIF, MP3, or another file type) into a marketable NFT.

6. Set Up the Sales Process

In the final stage in the NFT creation process, you decide how to monetize your item. Depending on which NFT marketplace you picked, you can:

  • Sell the NFT at one fixed price; you can then allow the first person to meet that price to buy it.
  • Pick a specific auction time; creating a sense of urgency can make people bid sooner and higher.
  • Begin an unlimited auction, meaning there’s no time limit, and you can end it when you wish

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michaelpaulyn

michaelpaulyn

Just a copywriter out to simplify the world of tech, one blog at a time.