If you’re interested in cryptocurrency and blockchain technology and want to make money off of it, you’ve probably heard of NFTs. They permit you to turn pieces of fine art and digital work into NFT tokens and so sell the tokens in the NFT marketplace.

In this step-by-stride guide, we’ll show you how to create your own NFT fine art, and how to sell information technology online for the first time.


What’s an NFT?

NFTs or not-fungible tokens are pieces of unique data stored on a blockchain. An NFT could be a video, image, a GIF, or any form of digital art. NFTs represent digital ownership of a piece of fine art, music, and many other file types.

The “non-fungible” part is what makes NFTs stand up apart from fungible assets like aureate, silver, newspaper money, and cryptocurrency. Their fungibility ways that, for example, you can exchange $100 for any other $100, or that one ounce of gilded has the same value equally whatsoever other ounce of golden..


NFTs as digital assets are all unique. You tin’t commutation one NFT for another NFT, making them non-fungible.

It’s of import to remember that an NFT isn’t an object merely instead a string of characters that yous can use equally proof of ownership. An NFT tin can also publicly certify that your digital file is authentic and not a copy.

How Do NFTs Piece of work?

NFTs require the creation of digital tokens, through a technique called cryptography. In the crypto globe, this token creation process is referred to as minting. Typically, to mint NFTs, y’all accept to pay to create smart contracts.

Smart contracts are pieces of software code that allow a blockchain to store information in a secure and transparent style. Ultimately, these codes are what manage the buying and transferability of NFTs.

How Much Does Selling NFTs Toll?

When you sell NFTs, you should besides expect to spend some coin on it. Most NFTs rely on the Ethereum blockchain for transaction validation, and even NFT creation can cost you money.

The exact amount of money you’ll accept to pay to sell your NFT depends on Ethereum “gas fees” that vary depending on time of 24-hour interval, and from 1 platform to another. While you can’t avoid paying gas fees, you can minimize them by waiting for gas prices to become downwardly. Y’all can use websites like Etherscan to detect out the current cost of Ethereum gas. Some other reason there’s no fixed price for creating and selling your NFT is because the NFT gas fees also depend on the size of your digital asset and how complex the transaction is.

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On some NFT platforms, buyers pay gas fees to validate a transaction on the blockchain through their digital wallet. On other platforms, you as a seller have to pay gas fees to mint and sell NFTs. While there are no exact numbers on how much minting and selling NFTs cost, here are the boilerplate estimates:

  • $70 to produce (mint) one NFT
  • $15 to list your NFT
  • $50 to sale the NFT

If at some indicate you decide to carelessness the idea of selling your NFT, y’all’ll also have to pay a couple of bucks for destroying your token.

There are many different platforms and blockchains where you tin mint and sell your NFTs, all of them have their own advantages and disadvantages for NFT creators. Some of the almost popular platforms are Rarible, Opensea, and Superrare.


Before picking a platform that suits your needs, you need to practice the research to find out gas prices and transaction fees in advance. While the popular blockchain among NFT creators is Ethereum, other pop choices include Polkadot, Tezos, Polygon, Binance Smart Chain, and Cosmos.

If you’re merely dipping your toes into the NFT business, follow our instructions to use the
OpenSea
platform and
Polygon
blockchain, since this combination allows you to create and list your NFT for gratuitous (without paying gas fees).

How to Create Your First NFT

Before you lot can create your beginning NFT and sell it on the OpenSea platform, yous demand to connect your crypto wallet to OpenSea. Don’t have a crypto wallet yet? Not a problem. There are enough of services that you lot tin can use to create a wallet. Metamask and Coinbase are some of the almost popular ones. They’re also beginner-friendly and allow y’all to take your Metamask wallet or Coinbase wallet ready to utilise in just a few minutes.

How to Create a Cryptocurrency Wallet Using Coinbase

In this tutorial, we’ll use Coinbase as an example. To create a Coinbase crypto wallet, follow the steps beneath.

  1. Open the Coinbase website. In the acme right corner, select
    Get Started.
  2. Fill up in the form to create a Coinbase account. When you’re finished, select
    Create account
    at the bottom of the screen.

  1. You lot’ll be asked to verify your account by email. After this step, you tin start using your Coinbase account and transfer cryptocurrency to it.
  2. Get back to the Coinbase website and log into your business relationship.
  3. Under
    Avails, select
    Get Wallet.

  1. This will prompt you to install the Coinbase Wallet browser extension. If y’all’re using Chrome, select
    Add to Chrome
    to keep.

  1. When you open up the browser extension, select
    Create new wallet.

  1. Make certain to backup your wallet and save the recovery phrase to your password director or somewhere else where you can access information technology in instance yous demand it. This phrase is the only way to recover your crypto wallet should you forget your password details later. Then follow the onscreen instructions to initialize then end creating your Coinbase wallet.

Yous tin can now access your Coinbase crypto wallet from the listing of browser extensions. You tin can utilize information technology to speedily view your crypto balance, as well as run into your NFTs and a listing of transactions.

How to Create Your First NFT Drove on OpenSea

The next step is connecting your Ethereum (ETH) wallet to the OpenSea platform. Note that you don’t need to have any crypto in your wallet, yous can apply this method even if your balance is at nil.


Once your wallet is continued to OpenSea, follow the steps below to create your commencement NFT.

  1. On OpenSea, y’all initially need to create an NFT collection. To practise that, choose
    My Collections
    from the site’due south bill of fare, and select
    Create a collection.

  1. On the next page, you’ll need to fill in all of the of import details well-nigh your NFT artwork. You need to upload a logo image, featured paradigm, and banner epitome for your collection, come up upwards with a proper noun and a description for your NFTs – all of that is of import for capturing the attention of your potential buyers. You can likewise come up with a customized URL for your OpenSea collection which will brand it easier to share the link. You can besides choose a category for your collection (art, collectibles, music, photography, etc) and even add your personal links as an NFT creative person.

  1. Further down the page, you’ll notice an of import choice to add
    Creator Earnings. This is a percentage fee that you lot’ll collect when a heir-apparent re-sells your NFT. Y’all tin set it to anything you like, or leave it at nix. If you cull to add a fee, you’ll likewise need to fill in your
    payout wallet accost.

  1. The next stride is selecting the
    Blockchain.Select
    Polygon
    to avoid paying gas fees. Then choose payment tokens that can be used to buy your NFTs.

  1. Finally, select the
    Create
    button at the bottom of the page to end setting upwardly your drove.

How to Mint an NFT

At present that your NFT collection’s set up, you can mint your first NFT on OpenSea.

  1. Go to the OpenSea website and open your collection.
  2. In the peak right corner, select
    Add item.

  1. On the
    Create New Item
    page, upload an image, video, audio, or 3D model to mint as an NFT. The file types supported include JPG, PNG, GIF, SVG, MP4, WEBM, MP3, WAV, OGG, GLB, and GLTF. The maximum file size is 100MB.

  1. You can fill in more details about your NFT on the aforementioned page. You tin add the item clarification, a link to a webpage with more than information about the item, as well as add whatsoever unlockable content that can only be revealed to the possessor of the item.
  2. Subsequently you lot fill in all of the details, gyre downwards and select
    Create.

That’s it, your NFT will be minted in merely a few seconds. After your NFT’s minted, you can edit it to change the description or any other details.

How to Sell Your NFT

When you minted an NFT, you can list it on OpenSea and wait to make your first sale. To sell your NFT, open it from your drove and select the blue
Sell
button in the top right corner of the screen.


Select the price for your item in ETH, and the duration. On OpenSea, the minimum toll you can set up is $two. If you lot don’t want your NFT to be available immediately, you lot can set any twenty-four hour period in the future to be the start date of your sale. OpenSea also allows you to reserve your NFT for a specific buyer. If y’all cull that option, you demand to fill in the buyer’s crypto wallet accost.

We ready an aggressive 1ETH price for our piece of art. The price and the sale duration are two things you won’t exist able to change afterward, so you shouldn’t blitz when completing this footstep. We recommend having a expect effectually to run across how much other users are request for like fine art pieces before you make up one’s mind on yours.


To cease listing your NFT, select
Complete your listing. OpenSea volition asking you to submit your electronic signature through your crypto wallet.

That’s it, you’ve successfully listed your first NFT on OpenSea! However, minting and listing your NFT is much easier than actually selling it. On Opensea, y’all can only choose the duration of your auction. On other platforms similar Rarible, you can likewise set up upwards a timed auction or unlimited auction to better your chances of selling the token.

Another mode to increase your chances is to have a following on a social network that you can use to promote your fine art. For example, you can annunciate your NFTs on your Instagram business relationship, your Facebook page, or on specialized subreddits. You can do small giveaways to promote your collections and go the potential buyers’ attention.

A Pro Tip for Selling Your NFTs

The NFTs that sell well are generally those coming from established artists (run across Beeple and his drove for example) and social media influencers with big following.


However, for those who are new to selling NFTs there’s as well a fashion to profit from selling their tokens. When yous create your NFTs, you demand to think how the buyer could utilize them in more than than one sphere. In other words, what value does your NFT have bated from being a digital nugget stored on the blockchain?

If it can be used in real life in one style or another – that’s an NFT that has a potential to become popular amidst buyers and sell. A good example are the NFTs that illustrate and heighten sensation about the conflict in Ukraine. They’re as well used to raise money for charities.