The result is browsing SuperRare feels like stepping into an elite digital gallery. The site has a stunning selection of NFTs reflecting thousands of hours of artist effort. Prices can get pretty steep and new creators only accepted with an application. Once your wallet is setup and you’ve purchased some ETH, it’s time to choose a marketplace where you want to create an NFT and list your work. For creators just getting started with NFTs, I’d suggest listing your work on Rarible first as the site had the easiest and most straightforward setup of any I tried in my testing. Though there’s no shortage of crypto wallets out there, most NFT creators use the MetaMask browser extension wallet.
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One rule that should go without saying is to avoid turning copyrighted content or assets into NFTs. The process of turning your work into an NFT is known as “minting” which refers to the act of creating a new token on the Blockchain that will forever be attached to that content. When an artist mints a new NFT, they attach a built-in commision (usually 10-30%) that they will receive any time that work is resold in the future. Now that you have an account, you can log in and buy the cryptocurrency. For NFT minting, you need to buy Ethereum (ETH) or Solana (SOL) coins depending on which blockchain you want to mint.
Step 2: Purchase a small amount of Ethereum
Once done, transfer your coins to the wallet you set up in the previous step. NFTs are digital assets with a unique identity kept and verified on a blockchain (a digital ledger). Each NFT is non-fungible, meaning it can’t be readily exchanged for another asset of similar value. Common NFT assets include images, video, music, GIFs, and collectibles. Create a crypto wallet compatible with your chosen blockchain to manage your NFTs and cryptocurrency.
Some of the most popular NFT auction platforms include OpenSea, Rarible, SuperRare, Nifty Gateway, Foundation, VIV3, BakerySwap, Axie Marketplace and NFT ShowRoom. See our guide to NFT marketplaces for a comparison of some of the most popular options. A common crypto wallet is MetaMask, though Coinbase is another secure wallet. Some newer NFT marketplaces, such as Nifty Gateway, have started allowing the use of Fiat currency payments (US dollars, etc) via credit and debit cards, making access to NFTs easier.
- It is a one-time fee, and after paying it, you’ll be able to lazy mint NFTs without having to pay anything.
- If you have Metamask or Coinbase’s extension installed, you’ll see a pop-up asking you if you want to connect your wallet, which can be done with a few button clicks.
- NFTs are versatile—you have plenty of options for choosing which type you want to create.
OpenSea is also completely open to newcomers making it easy to get started here. The site is extremely accessible to those new to NFTs and has one of the best experiences for browsing pieces that I’ve seen from a major marketplace yet. OpenSea is also the first NFT marketplaces to openly experiment with a free creation system for creators. Most marketplaces are set up for digital artwork, but more are now supporting video, game assets, and music.
This will change how much of each subsequent sale goes back to you in the future. For example, if someone purchases your NFT for 0.2 ETH and then sells it for 1 ETH in the future, you’ll get a percentage of that sale as well — by default, it’s 10 percent (so 0.1 ETH in our example). After you’ve approved and signed all the transactions, your NFT will be listed for sale on OpenSea. Once you have the browser extension or app installed (MetaMask can be downloaded here, Coinbase Wallet here), click or tap the “Create new wallet” button. Coinbase will ask you for a username, and both will ask you for a password, which you’ll want to make sure is secure (preferably by generating it with and saving it in a password manager).
Step 1: Figure out what an NFT is
As everything becomes more digital, there’s a need to replicate the properties of physical items like scarcity, uniqueness, and proof of ownership in a way that isn’t controlled by a central organization. For example, with NFTs, you can own a music mp3 file across all Ethereum based apps and not be bound to one company’s specific music app like Spotify or Apple Music. You can own a social media handle that you can sell or swap, but can’t be arbitrarily taken away from you by a platform provider. Listing an NFT for sale is simple; some NFT platforms allow you to do this for free. Once your NFT is created and in your wallet, you can simply hit the “sell” button on the platform of your choice.
This collection is owned by celebrities like Post Malone, Snoop Dog, Jimmy Fallon, Madonna, Steph Curry, Eminem and dozens of other celebrities. While the mint price of BAYC was 0.08 Ether, you’ll need to shell out 6-figures to get your hands on one today. By tokenizing non-fungible assets, important details about the asset are digitized with the token, writing them in stone on the blockchain. You can also use the External Link field to add a URL pointing to, say, your website or Twitter account, and you can use the Description field to give potential buyers a better idea of what your NFT is. The best-selling NFTs are either those by established artists, such as Beeple and Damien Hirst, or those NFTs that have ‘utility’. To connect your wallet to Rarible, head over to the site then click the Connect button in the top right corner of the screen.
Similarly, some NFT marketplaces charge a fee for creating an NFT. This fee may be a fixed amount or a percentage of the NFT’s sale price. If you sell your NFT on a marketplace, you may also be subject to platform fees or commissions. NFTs and Ethereum solve some of the problems that exist on the internet today.
This blockchain will keep a permanent record of it, so it’s important to choose the one that fits your requirements. Note that you can’t just use any wallet, though, as not all wallets play nice with all platforms, so take a close look at the next step before making any commitments. We’ve put together this short guide on how to make an NFT in just a few steps. However, because it’s relatively brief, we’re assuming you already know some basics, like what NFTs are and how they relate to cryptocurrency. The cost to create an NFT varies, depending on what platforms and technologies are involved.
How to Make an NFT: Guide for 2023
In most cases, you will need to pay in cryptocurrency to mint an NFT, or to buy an NFT. As a result, most NFT marketplaces require you to create a crypto wallet to mint and trade NFTs. Finally, there’s an optional field to add your file’s properties. In the next part of the form, you’ll need to choose how to sell your NFT artwork.
Uploading an NFT to the blockchain is known as “minting,” and it’s a pretty simple step overall. Following the instructions on your NFT marketplace’s website, you will upload your NFT into your wallet, add details like the description and a number of others—and then that’s pretty much it. After choosing a format, creators must consider the content of their NFTs. Serious artists will want to consider what the public might desire or find valuable in a digital work of art. They might also consider making only a limited number of NFTs to make their product offering rare.
Using a blockchain comes at a cost, a network fee called gas, that you’ll likely need to pay in order to tokenize your art. While Rarible dominates total sales figures, OpenSea provides more related services, including the ability to create your own NFT webstore powered by the OpenSea exchange. Both platforms allow users to upload their art and create collections without any technical blockchain knowledge required. For this example, we’ll go with listing our NFT for a fixed price, which we can enter into the field. You can also choose which currency you’d like to receive (people can, however, why do companies prefer debt financing over equity financing send offers in different currencies). When you’re setting your price, remember that Rarible will take 2.5 percent if your NFT sells.
