The universe of cryptocurrencies is vast. With a large number of technical terms, it takes a complete learning process to master the strategies for exploiting its crypto data. Beyond the existing tutorials, you need useful and reassuring advice on how to use and manage the data available on a Ledger. The NFT (Non-Fungible Token) is important data in cryptocurrency. So, how can you create your NFT?
Understanding how NFTs work
Create your NFT – A popular digital asset
An NFT is data stored in a digital Ledger. When you buy an NFT, you buy a digital backup of a token. This is what will later be transferred to a digital wallet. The blockchain is at the center of this NFT operating process.
Many make the mistake of thinking that NFTs are cryptocurrencies. But this is not the case. NFTs are indeed very different from cryptos. NFT exchanges and purchases are based on the same principle as cryptocurrencies. But, the transactions are carried out on an NFT platform.
Cryptokitties, early NFTs, were just collectible cat-shaped images. Kind of like a sort of Pokemon Go à la Crypto. Today everyone is talking about NFTs. Basically, what are its advantages?
Create your NFT: Advantages
Decentralized finance is reliable and fast. It is a process that continues to develop. An NFT is a kind of digital token with its characteristics. NFT is unique and not interchangeable like Bitcoin. Consider this as an advantage over cryptocurrencies. To carry out transactions in the purchase and sale type, it is necessary to go through third parties such as OpenSean and Raible.
How to create your NFT: NFT Platforms
Creating an NFT is nothing complicated. You can also, if you wish, follow a dedicated didactic tutorial. Keep in mind that each NFT is unique. To create NFTs, you will need to go through a digital wallet. All you need to do is deposit money into the crypto wallet you are using. If you choose to go through OpenSea, then buying Ether is the smartest choice. Going through OpenSea, you will be encouraged to use the MetaMask plug-in.
Here is a listed process:
- Once on the OpenLearn site, press on the top right;
- Click: GetMetaMask;
- Click "Install MetaMask" for your browser. If you had set Chrome as your default browser, then that's a plus;
- Click on “begin” and select the option “Create your portfolio”;
- Create a password of your choice, and choose a passphrase;
- Log in to your OpenSea account and MetaMask digital wallet.
Once this is done, you can simply get Ether to have the NFTs.
The process of creating NFTs then boils down to the following three parts
- Connection via OpenSea;
- Installing MetaMask;
- Buying Ether.
How to create your token?
Create your NFT – Knowing the procedure is an asset
If you've ever wondered how to create your token, you've come to the right place. Creating a token does not require great computer skills. You can simply follow a video tutorial for this purpose. It is also possible to go through a platform to create your tokens.
You should still keep in mind that to create a cryptocurrency, you will have to develop your blockchain. But to create your token, this is not necessary.
The token responds to established rules. The “smart contract” determines its operating methods. Here are some reliable platforms where you can create your token:
- ARDOR;
- BITSHARE;
- Counterparty;
- Ethereum;
- neo;
- Omni;
- Qtum;
- Stellar;
- Waves.
Create your NFT
The realization of NFTs involves several people, namely: artists, musicians, companies, and content creators. The NFTs are programmable and can have any other functionality. More and more creators want to take advantage of this value. It's a great way for artists to get paid for their work.
How to create an artistic NFT?
A mobile application available for iPhones and IPad is the promise of an artistic NFT. It allows you to transform any idea into NFT and then store it on the Ethereum blockchain. The target of artistic NFTs is of course musicians, videographers, and digital artists. Artistic NFTs can be in different formats namely: JPEG, BMP, WAV, TIFF, and MP3. Creators can even include content unlockable only by the purchaser. All of this makes it unique.
How to create an NFT for free?
As you know from your reading above, it is recommended to go through a platform for your NFT. The most recommended platform is OpenSea. Indeed, OpenSea allows you to create an NFT or token for free. With your metatask wallet, go directly to OpenSea and create a collection. You will be asked to follow the instructions given by Metatask. It's free to create an NFTon OpenSea. Note, however, that some platforms charge fees. Platforms like OpenSea which are based on Ethereum, charge a fee called “Gas”. It is a certain amount of Ether useful for carrying out operations on the blockchain. However, opinions remain divided around NFT. Is the long-term guaranteed? With the NFT, the artists also launch competitions.
How to create your NFT on RARIBLE
Before indicating how to create an NFT on Rarible, let's try to find out what Rarible is. It is an online platform where artists can sell their works online.
To create an NFT on Rarible, simply go to app.rarible.com/create. Make sure you are using a browser from which the chrome and firefox extension exists. You will then need to log in to the metamask wallet. The rest of the process is quite smooth. It is almost consistent with that found at the level of OpenSea. Take a spin on Rarible and create your NFT there. In case of difficulties, opt for a didactic tutorial.
How to sell NFTs
Once your NFT is created, you can choose to sell it. The transaction related to the sale is just as easy. Clicking on the “sell” button will take you to a pricing page. It will help you to better define the general conditions of sale. It's up to you to decide how the sale will occur. You could even choose to sell at an auction. Keep in mind that Ether and ERC20 tokens are the cryptocurrencies you can sell your NFT against.
How to create your NFT easily: OpenSea
The New York platform OpenSea was born in 2017. The company reached a value of 1.5 billion dollars at the end of August 2021. With OpenSea, you will be able to discover, collect and sell extraordinary NFT. OpenSea is the platform when you think of NFT. Here is a useful path to creating your NFTs easily on OpenSea.
Create your NFT on OpenSea: The tutorial path
Create your NFT – Understand how it works
The very first step is registration on the platform. You will therefore need to register to become a “listed artist”. OpenSea being the biggest Ethereum market is the ideal platform to create your NFT. Here is a detailed seven-step journey for you to create your NFT on OpenSea.
First stage
Here, it will be a matter of clicking on the create button to access a screen. The interface will ask you to connect your Ethereum-based wallet.
Second step
You will need to enter your password; at least, that of your wallet. It will directly connect your wallet to the OpenSea Marketplace. It can be done in seconds. Your password must be unique. Don't forget to secure your data via a trusted hardware wallet.
Third step
At this stage, it will essentially be for you to sign a message in your Ethereum wallet. It is very fast and above all free. Signing a message in your wallet allows you to put an authentic detail underneath.
Fourth step
The "create" button is located in the upper right corner. Choose "My selections". From there, click the blue “create” button. You will well realize that it is very easy and it does not require any effort.
Fifth step
At this level, you will be able to simply upload your artwork, add a name, and most importantly include a description. It is also at this level that you can create a folder for your newly created NFTs. Your collection image will appear in the top right. You can then add a banner to the page by clicking the pencil icon in the top right.
Step Six
The sixth step is quite important. The “add new item” button will come in handy here. A new window will open. So you can upload your NFT image, audio, GIF, or 3D model. You can even, depending on your choices, include labels to enhance the uniqueness of your NFT.
Last step
It's over. All you have to do is press the famous “create” button and sign another message in your wallet to confirm the creation of your NFT. Your brand new artwork will appear in your collection. That's it, at this stage you can admire what you have created.
Should you invest in NFT?
The NFT market is attracting the interest of many investors. The valuation of the NFT market exploded between 2019 and 2021. Similarly, the arrival on this market of artists, sports personalities, or influencers well known to the general public is a sign of a bright future. However, you will have to go slowly and make a thoughtful investment. A while ago, a company showed its enthusiasm for NFTs by burning a Banksy silkscreen that it bought for $95,000. The video had been transformed into NFT. It was a way to show how physical art could be turned into NFT.
The process of creating an NFT is quite simple.
Dedicated platforms make things easier. No more need for too many complications. OpenSea does a good job. You can go to OpenSea or Rarible to create your NFT. If you still have difficulties with how to create your NFT, you will find tutorials that will make your life easy. Remember to secure your data by using a Hardware Wallet system like Ledger. NFTs, bring value to creators, artists, and game designers. Now that you got all the information about how to create an NFT, what are you waiting for?
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