Non-fungible token

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:

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.

Download MetaMask

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.

Fixed Price:

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.

Time auction:

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.

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.

More NFT Resources

Wondering where to buy NFTs?

Currently, OpenSea is the largest marketplace for buying and selling nonfungible tokens (NFTs), they reported a $3. 4 billion transaction volume in August 2021.

However, there are a variety of NFT marketplaces where you can buy and sell NFTs.

Top NFT Marketplaces For Artists And Creators To Buy And Sell NFTs:

• NBA Top Shot
• Plus, many more

Recently celebrities like Jimmy Fallon and Post Malone have publically announced they are using MoonPay to buy their NFTs.

The other night on The Tonight Show during an interview with famous NFT artist Beeple, Jimmy Fallon revealed that he recently purchased his first NFT.

He announced that he used MoonPay to purchase Bored Ape #599 from the Bored Ape Yacht Club (BAYC) Collection.

Post Malone is also using MoonPay in his new music video, One Right Now with The Weekend to buy an ape from the Bored Ape Yacht Club (BAYC) NFT collection.

View the music video here.

How To Create NFTs

Step 1: Go to opensea. io, and click ‘Create’ in the top right corner.

You will be taken to the item creation page where you can add and edit all of your information.

Step 2: Upload your file and complete the fields.

On this page, you can upload an NFT file, name it, add an external link and description.

OpenSea allows you to upload any image, video, audio, or 3D model to create your NFT.

However, they do recommend keeping your file size under 40MB for faster load times, but the maximum file size supported is 100MB. See the all file types supported in the screenshot below.

Step 3: Add properties and information about your item.

With OpenSea you can place your NFT in an existing collection, add properties or traits, levels, stats, and even unlockable content (like bonus content for buying your artwork).

Adding properties and unlockable content help make your NFT artwork or collection rarer and potentially more valuable.

The image below shows how properties are displayed once an NFT has been listed for sale on OpenSea.

Step 4: Finish customizing your NFT, and click ‘Create’.

Woohoo! You’ve just created your first NFT on OpenSea!

Once you’ve created your NFT it will show up on your profile where you can list it for sale.

How To Sell NFTs On OpenSea

Step 2: Click on ‘Profile’ in the upper right-hand corner.

Step 3: Browse your NFT collection and click on the NFT you would like to sell.

Step 4: Once you’ve found the NFT you would like to sell, select ‘Sell’ at the top right-hand corner of the page to be taken to the listing page.

Step 5: Choose how to sell your NFT.

This is where you will choose the price, type of auction, duration of the sale, and type of buyer.

There are two types of auctions on OpenSea: ‘Fixed Price’ and ‘Timed Auction’.

Now choose how long your item will be listed for sale.

The default options are 1 day, 3 days, or 1 week, but you can choose any duration you’d like using the calendar.

Lastly, you can choose to sell your NFT as a bundle or reserve it for a specific buyer.

If you would like to reserve your NFT for a specific buyer, simply turn on the toggle and paste their address into the field ‘Reserve for a specific buyer’.

You may notice in the image above, there are two types of fees listed — a 2. 5% ‘Service Fee’ and a 5. 0% ‘Creator Royalty’ fee.

As a creator on OpenSea, you can choose to make a royalty every time your NFT is sold.

Step 6: Pay fees and complete your NFT listing.

If it’s your first time selling an NFT on OpenSea you will have to complete two one-time transactions:

• To initialize your wallet for making sell orders.
• To allow OpenSea access to your item or collection when a sale occurs.

You will only be required to pay these transaction fees once.

After completing those steps, a popup will appear and you will have to approve a signature request to finalize your NFT listing.

And that’s it! You have successfully listed your NFT for sale on OpenSea!

Once your NFT has been minted, the transaction and any NFTs you list for sale in the future will appear under the ‘Activity’ tab in your profile.

You can also view the sales activity for any other nonfungible token or NFT collection on OpenSea. All you have to do is search for the NFT or NFT collection on OpenSea and click the activity tab on the NFT profile.

For example, the image below shows all sales activity in the last 90 days for Bored Ape Yacht Club (BAYC).

According to Cyrptoslam. io, Bored Ape Yacht Club has made a total of $769,592,060. 85 (USD) in secondary sales, with the average buyer paying around 10. 3 ETH.

What Are Non-Fungible Tokens?

Let’s understand what non-fungible tokens are before moving towards the list of the top 10 most expensive NFTs. Non-fungible tokens are a form of digital token that is unique in nature. They can be anything, starting from an audio clip to paintings or video games. Mostly these are a form of collectibles that are very unique in nature, and you can’t interchange it with another token like you can with other cryptos.

For example, a painting of Mona Lisa is a one-of-a-kind painting in the world, and there is only one authentic piece. Thus, as you can see why this painting will hold value. Therefore, even if you take a photo or buy a replica, it won’t be the one and original painting.

This type of unique nature of this token gives it value. But it also needs to be associated with media, which means not just anyone can sell NFTs at a high price point. You need to have a fanbase or an admirer of your work to be renowned to buy and sell NFTs. Thus, when you are buying the non-fungible tokens, you will get ownership of that asset and can sell it later on. Anyhow, let’s move on to the list of the top 10 most expensive NFTs now.

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Top 10 Most Expensive NFTs

Even before last year, the artist known as Beeple was not that much popular as you would seem. However, in 2021, he sold one of the most expensive NFT artwork on the market. The artwork is named “Everydays: the First 5000 Days. ” The more interesting part is that this auction took place at an auction house called Christie’s.

Image Source: Beeple

The bidding actually started out at $100, but it soon started to go higher and higher, and ultimately it was sold at a price of $69. 3 million! You just be thinking that’s a lot of money for some digital artwork. Well, with the technological revolution, isn’t it obvious that we will soon move on to digital paintings rather than physical paintings.

Anyhow, this artwork was a compilation of the first 5000 digital arts of Beeple. In reality, when Beeple started making digital arts, he did not miss even a single day starting from May 2007. Therefore, the compilation has a lot of varying styles, contents, and mediums. Some of the very first ones were definitely not up to the mark; still, the value increases immensely as a collective. And that why this is one of the most expensive NFT ever sold so far. This is surely one of the valuable non-fungible tokens in 2021.

CryptoPunk #3100 – $7. 58 Million

CryptoPunks is a new kind of creation of the NFT world. Actually, these are the very first NFTs created on the market, and after the boom of NFTs, now many of them are selling at millions! And that’s why CryptoPunk #3100 is also on our list, as it’s the second most expensive NFT ever sold.

Image Source: Larva Labs

The character has blue-greenish skin, and it also comes with an accessory. In this case, it’s a headband, and only 406 punks have this accessory. More so, as it only comes with a single accessory, which is also rare, and only 333 punks have a single accessory. So, based on the type, accessories, and accessory counts, this punk is super rare. That’s why it was sold at a price of $7. 58 million.

CryptoPunk #7804 – $7. 57 Million

Another CryptoPunk is on our top 10 most expensive NFTs list with $7. 57 million. The Punk #7804 is another Alien, and this time it comes with three accessories. More so, the accessories include Cap Forward, Small Shades, and a Pipe. Apparently, only 254 punks come with Cap Forward, 378 punks come with Pipe, and 317 punks come with small shades. But basically, the pricing is due to the fact that Alien punks are extremely rare.

Dylan Field first got the punk back in when the company first started to give away the 10,000 CryptoPunks. In reality, he owns the startup Figma, which is based on technology designs. But why did he buy that punk? Well, he saw the potential for this Ethereum based NFT, which led him to make the purchase back in 2018.

Crossroads – $6. 6 Million

Crossroads is another most expensive NFTs on our list. This is another artwork from Beeple, and this sale happened just days before the massive sale of Everydays. More so, the artist sold this piece in Nifty Gateway. Also, this is not a compilation like Everydays, but it’s a single piece of artwork. Therefore, the evaluation of this piece makes it even more expensive.

Image Source: Beeple/NiftyGateway

Well, the artwork is somewhat a political gamble and a response to the presidential election happening in 2020. The fun fact is that the artist made two versions of this – one was for if Trump would win, and another one was for If Trump would lose. And based on the outcome of the election, the video would change.

Want to understand the difference between fungible and non-fungible tokens? Here’s a guide to fungible vs. non-fungible tokens that focuses on their differences.

The first Tweet – $2. 9 Million

CryptoPunk #6965 – $1. 54 Million

Another punk is on our list as one of the most expensive NFTs in 2021. As we said earlier, every single CryptoPunk comes with its unique characteristics and attributes. Therefore, this punk is no different than that. Well, here, CryptoPunk #6965 is one of the Ape species. It also comes with a Fedora as an accessory. More so, only 186 punks have Fedoras, and there are only 24 Ape punks. That’s why the price is $1. 54 million! However, these are not ERC-721 tokens but similar to ERC-20 token.

Axie Infinity Genesis Land – $1. 5 Million

Image Source: Axie Infinity

At the time of the selling, it was worth 888. 25 Ether; however, the value has increased drastically as the price of Ether has also increased over the few months.

CryptoPunk #4156 – $1. 25 Million

On our list, next, we have the most expensive NFT ever sold on the market, and it’s CryptoPunk #4156. That’s right, another CryptoPunk is on our list again. This time it’s also another Ape punk, and this time it also comes with an accessory – a blue bandana. Among the 10,000 punks, only 481 punks have this feature. And now it belongs to the Ethereum address 0xf476cd for $1. 25 million. However, buying CryptoPunks will need Ethereum Gas, so remember that if you want to invest in some CryptoPunks as well.

Not Forgotten, But Gone – $1 Million

Image Source: WhIsBe/NiftyGateway

Do you want to buy a rotating gummy bear video clip for millions? Well, this is what happened in Nifty Gateway NFT sales. An artist called WhIsBe was the creator of this artwork. Apparently, he features various gummy bears in many creative forms. More so, it’s a 16-second video of a rotating golden gummy bear skeleton, and it’s called “Not Forgotten, But Gone. ” The artist sold this piece for $1 million.

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Metarift- $904. 41K

Image Source: Pak/MakersPlace

It’s another Satoshi situation here as no one knows who is the designer of this artwork. Well, the artist goes by the name Pak, but no one knows the real identity. Apparently, Pak is very popular in the digital art ecosystem, and due to the mysterious nature, the piece was sold at $904. 41K. The NFT art features some spherical objects, and they are rotating in various directions, and they are clustered together. There are other various NFTs use cases like this, it’s not only limited to art!

Conclusion

NFT marketplace is taking a massive boom over the last few months, and definitely, 2021 is the year for NFTs. Just right after 2021 started, many of the NFTs started to go for millions. It might seem a bit crazy to some people, but it’s a different form of token, and in this age of digital revolution, NFTs fit in perfectly.

How much does it cost to sell NFT art?

Selling NFTs can cost anywhere from $1 to $500, or even more.

During times of high resource consumption, gas prices may rise.

Furthermore, crypto values are volatile, which affects the costs of NFTs.

In most circumstances, the cost of selling NFTs depends on the resources needed to manufacture them.

Best NFT Marketplaces to sell NFTs

In recent years, NFT marketplace development has been on the rise.

Now, there are many specialized and well-known NFT marketplaces where creators can sell their NFT art. Below is a list of some of the most popular ones.

OpenSea is the biggest platform for buying, selling, and discovering unique NFTs. Virtual artwork, interactive experiences, and collectibles are among the most common ones on OpenSea.

Crypto. com’s NFT platform is a fantastic option to market artworks, celebrity stuff (like Snoop Dogg‘s “Snoop Dogge Coins”), videogames, and sporting NFTs.

Rarible NFT marketplace allows you to build either “individual” or “many” collections. You may post your treasures for auction by connecting your wallets. Simply upload the document, put it on the market, specify the rate at which the product would be sold, and give it a name, title, and characteristics.

The forecast of NFT growth in the future looks great, and it is scalable.

NFT creators have a great way to generate cash by marketing their digital assets at NFT marketplace like OpenSea and Crypto. com.

Trade for huge amounts of money has sparked the global interest of investors, artwork collectors, game players, and techies from throughout the globe. Today, everyone wants to invest in NFT.

How to market Your NFT to a crypto audience

While brainstorming ideas for an NFT art or collectibles you want to sell, it is important to know what appeals to a crypto audience.

Symbols and characters familiar to the crypto community is a great and safe bet. Many big artists, such as Beeple, have used Bitcoin symbolism. Other firm favourites include Shiba Inu Dogs, Anime and, of course, Apes. Good examples of these include; The Doge Pound, Bored Ape Yacht Club and Azuki.

The Doge Pound NFT Collectibles are based on cute memable dogs, Shiba Inus

Another appeal of NFTs in the crypto world is movement. With digital art, it’s much easier to sell animations and moving pieces. XCOPY used this to his advantage, with neon colours and  flashing imagery featuring heavily in his works. Similarly, collectible project Rekt Guy NFT  features flashy vampires and werewolves in vibrant colours. Maybe moving or flashing imagery is the way to sell your NFT!

Finally, the crypto community love memes! Lushsux, a famous australian street artist, is now a top-grossing artist in the NFT space. Mainly, this is due to his “strategic trolling” and provocative memes. Moreover, NFTs centered around popular memes like Rare Pepes, Charlie bit my finger, and Disapproving Kid, have all sold for hefty sums. Have you got a meme up your sleeve? Or an unparalleled sense of humour? Perhaps that’s your best shot at selling an NFT.

Sell your NFTs by offering utility

NFTs are essentially an investment and that means the holders want benefits. A project’s longevity and utility can make or break the collection. As a result, almost all top NFT collectibles come with membership benefits. At first, BAYC, for instance, offered members access to the Bathroom – a collaborative graffiti board where holders can paint anything. A plot of land in The Sandbox, a riverboat casino in Decentraland, and several NFT airdrops, are some of their other perks.

Similarly, utility is the favourite buzzword of VeeFriends founder, Gary Vee. Certain holders get exclusive access to Gary, while other perks include lots of free NFTs. Another project, StonerCats , allows holders to watch the adult animated series starring Ashton Kutcher, Mila Kunis, and Jane Fonda, among others.

The Stoner Cats animated NFT series stars Hollywood A-listers. Credits: Stoner Cats

Sell experiences and Real Life Utility With NFTs

The utilities don’t end with just virtual perks; many projects also offer real-world benefits. BAYC recently wrapped up its first annual Ape Fest complete with merch drop and a yacht party. Meanwhile, the Wealthy Penguin Island Club gives members access to a real-life island and a digital nomad networking hub.

Wiv Technology created these Wine Bottles for BAYC holders

Finally, a real estate company, Hypomo, launched a platform linking NFTs to real-life real estate! This was already attempted by someone in germany last year to no avail. However, maybe you will be the first person to succesfully sell their house as an NFT!

The dos and don’ts

Beautiful NFT art doesn’t matter if you cannot sell it. The secret to success? Valuing your customers is paramount. There are several things you can do to ensure a buyer sees your NFT as a safe investment.

Firstly, self-doxxing really adds credibility to your project. While a lot of people in the NFT industry prefer to stay anonymous, it’s not particularly enticing. For example, just look at what happened with the Raccoon Secret Society! Letting your buyer know your name and your professional background can really raise a project’s profile.

Next, an attractive and responsive website packed full of information is also important. Make sure your FAQ answers all the questions buyers may have. Then, back it all up with a super solid Roadmap. Put simply, a roadmap is a plan for the future – something every investor is looking for. To illustrate, BAYC had an excellent roadmap in place and is now already working through their second.

A good example is The Humanoids NFT collection. They already dedicated 15 ETH to their community wallet. Additionally, CryptoDads also has an excellent roadmap and a dedicated community wallet. Here, the funds are completely controlled by the community.

Before you set out to sell your NFT art, closely look at how top collections like CryptoDads have succeeded. Credits: CryptoDads

How To promote your NFTs

Imagine you have the perfect NFTs, a website, utility, and even a roadmap. Before you can sell NFTs,  you have to promote them. Fortunately, there are tons of methods. Here are the steps to promote your NFTs like a pro:

Social Media is your Friend

Ask people to review you! There are countless NFT influencers, crypto bloggers and even NFT-friendly celebrities that might be happy to promote your collection for either a fee or something in return. Think of Paris Hilton or Elijah Wood touting YOUR NFT! That’s how you sell an NFT.

Paris Hilton listed three NFTs from her collection on Sotheby’s marketplace. Credits: Sotheby’s

Other paid ways include hiring dicord and reddit shillers. Do mind who you hire though, as unsolicitated DMs are frowned upon and many have grown tired of the relentless shill culture.

Feeling a little shady? We won’t tell (probably)

Now, you have to choose a minting method. Most projects hold a pre-sale for early backers before the public mint. So, how do you make sure of fair distribution, and ensure it doesn’t end up with a few crypto whales? Actually, there are a couple of methods.

NFT Mint passes and Whitelists

Firstly, there mint passes. Mint passes are a seperate NFT, or digital ticket, that allow the owner into the sale. These are usually created with a short supply to limit the amount of people with access to the sale. Plus, this staggers the transactions, meaning no gas fee hike like we witnessed with some other launches – namely Stoner Cats.

Some others, like Mekaverse, did not have a whitelist or a pre-sale. In fact, Neo Tokyo Identities did not hold a pre-sale at all. Actually, only people on the whitelist were allowed to mint. Plus, to get on to the extremely exclusive whitelist, people had to solve a series of puzzles and riddles.

To Reveal or Not to Reveal?

You can also hold a reveal prior to launch to let people know what they will be buying. However, this is risky. Several projects, including The Iconics and Raccoon Secret Society, used a reveal to trap their buyers into rugpulls. In some cases, like the MekaVerse, the final artworks turned out to be disappointing or too similar. Although it creates a buzz, these days, people are increasingly becoming wary of reveals. Marketing your NFT is usually easier if you under-promise and over-deliver.

In the Iconics rugpull, a scammer sent a collection of emojis instead of artwork to investors.

Once all the planning for your minting is done and dusted, it’s time to create your NFTs. For this, you’ll need some cryptocurrency and a crypto wallet which you connect to your NFT marketplace of choice. Then, you can create the NFT by uploading the file and adding all the details such as name, description, properties, and more. For a more in-depth look into creating NFTs, you can check our detailed guide on how to create NFT art.

How To Sell NFT Art on the right marketplace

There are many marketplaces but each of them have a specific benefit. Music NFTs, particularly from unsigned acts, sell better on music-focused marketplaces like Catalog or Async Music. Then, obviously, OneOf  is the first choice of any artist with a big folllowing. NFT marketing is much easier if you have a specific marketplace for it.

Similarly, curated marketplaces such as SuperRare or Foundation are best for 1/1 artworks. While the former boasts of artists like Hackatao and FEWOCiOUS, the latter hosts works by Shawna X, Nicolas Sassoon, and Pussy Riot. Actually, these marketplaces are great for talented unknown artists too. FEWOCiOUS grew his whole career from SuperRare drops at first!

Foundation NFT marketplace is a great choice if you want to sell 1/1 NFT art. Credits: Foundation

How To Make an NFT listing

Once you create your NFT, it will show up on your profile. If you are using Rarible, you have the option to mint it while creating the NFT itself. Otherwise, here are the steps to sell your NFT art and collectibles on OpenSea (the process slightly varies from marketplace to marketplace):

• Choose the NFT you want to sell from your Profile and click “Sell” on the top right.
• On the listing page that opens up, you can select the type of sale and price. You can either sell it for a fixed price or set up an auction. You can also reserve it for a particular buyer.
• Select the duration of the sale.
• If this is your first sale on the platform, you have to initialise your wallet.
• Confirm your sale and tada! Your first NFT is up for sale!

The steps to sell NFT varies from marketplace to marketplace.

Marketing your NFTs post-mint

Unfortunately, it’s not over after listing. To add true value to your NFT, you must constantly promote to keep the community going. This will involve an NFT marketing campaign!

One way to do this is by collaborating with other collections to create unique experiences. Galaxy Fight Club, for example, has partnered with Cyberkongz, Iluvium, Animetas, Wicked Craniums, and more, to allow players to use these characters to fight in the game. You can also release cross over collections. Just check out NFT artist Sabet, who released cross-over NFTs with BAYC.

One of three 25 editions NFTs created by Sabet in collaberation with BAYC

Partners beyond the NFT scene

However, your partnerships don’t have to be with NFT companies alone. NFT marketing can involve web2 or real-life brands too! For example, Wicked Craniums collaborated with Skullcandy to release 25 limited edition headphones for cranium holders. Another option is to partner with various charitable organizations, which communities move to increasingly. Actually,  Craniums also released a new collection with Sandclock Org for charity.

Furthermore, you can license already famous characters to release NFTs, which is likely to attract more buyers. This is a fantastic method of NFT marketing. Some examples of this are VeVe’s Disney collection and the Doctor Who NFT packs. But, of course, you will have to spend a considerable amount of money to get the license.

Ultimately, there are plenty of ways to create and sell your NFT art, collectibles, and more. However, your NFT marketing success depends on what NFTs you create and how you sell them. Additionally, as the market continues to grow, it’s early movers that will reap the most benefits. So, get on your thinking cap and prepare yourself. How will you sell your first NFT and master marketing?

All investment/financial opinions expressed by NFTevening. com are not recommendations.

This article is educational material.

As always, make your own research prior to making any kind of investment.

How to Create an NFT

The first thing to do is to decide what you’re going to use to create your first NFT.

Anything that’s already in digital format, such as digital photos, digital art that you may have created in Photoshop or other illustration software, 3D models you created in Blender or Maya, etc. are perfect. You can also use anything you may have found on social media, such as gifs or memes (just make sure that they’re in the public domain, or you have the rights to use them if you didn’t create them yourself). To find out more about how to make NFTs, feel free to read our guide on How to Make an NFT.

If you want to create an NFT of something physical (i. not a digital file), you will have to go through the extra step of scanning or taking photos of it before you can create an NFT out of it.

If you’d like to first make something specifically for the purpose of creating your first NFT, then you can do so now. On the other hand, if you just want to learn how to create an NFT, then pretty much anything will do. You don’t have to worry about having to spend money on it, as we will be showing you a way to create your first NFT entirely for free in this tutorial.

We will be using a random art image as an example:

Step 2: Get MetaMask

Fortunately, it’s super easy to get one. I recommend using MetaMask since it’s super easy to set up, doesn’t cost anything, and is perfect for beginners since it also has the most support documentation.

To get MetaMask installed in either your browser or on your mobile device, head over to the MetaMask home page and download it.

Once you’ve successfully installed MetaMask, its icon (an orange fox) should appear in the top right corner of your browser (assuming you’re using the browser version).

Of course, if you’ve installed the mobile app version, it will appear as a regular app icon on your mobile device.

Step 3: Create an Account on Mintable

The next step is to choose an NFT marketplace to create your first NFT and get it listed. There are a number of options out there, but unless you’re already a well-known artist, you’ll have to choose a non-exclusive platform.

My own recommendation is to start with Mintable. The reason for this is that it’s currently the only NFT platform that makes it possible to create and mint NFTs entirely for free — perfect for the purpose of learning how to do it!

• Open the Mintable homepage at mintable.app
• Click on the “Create Account” button towards the top right corner of the page
• Enter your email address.
• Confirm your email address.
• Set a password
• Click the checkbox at the bottom of the popup window.
• Click the “Create Account” button at the bottom.
• The Mintable dApp will send you a confirmation email with a 6-digit numerical verification code.Enter the code into the “code” fieldConfirm your account by clicking on the “CONFIRM ACCOUNT” button at the bottom of the popup window.
• Enter the code into the “code” field
• Confirm your account by clicking on the “CONFIRM ACCOUNT” button at the bottom of the popup window.

Congratulations! You now have a Mintable account!

Step 4: Connect your MetaMask Wallet

If you successfully installed MetaMask (Step 2), then all you need to do now is to connect it.

Here are the steps to connect your MetaMask wallet to Mintable:

• Click the MetaMask icon in the top right corner of your browser.
• Enter your MetaMask password, then click the “Unlock” button if prompted to do so.
• Click the “Connect a Wallet” button towards the top right of the page.
• Now click “Connect a Wallet” again in the popup window that appears.

This will connect your MetaMask wallet to Mintable. This means that you will now be able to transact with the dApp on the Ethereum network.

Step 5: Mint Your NFT

Now we’re ready to start minting NFTs!

To view your NFT, you can simply click on the “View your item” button.

This will take you to a page showing your new fully-minted NFT.

To view all your listed NFTs, click on “My Account” towards the top right corner of the page. Then click on “Profile” in the dropdown menu that appears.

This will open your profile page. Now click on “Listing”.

This will display a list of the NFTs you currently have up for sale or auction. If you click on any NFT in the list itself, it will take you to the NFT details page (i. the same page that buyers see if they click on your NFT’s thumbnail in Mintable’s gallery pages).

You can also click on the “View” button to display detailed stats on your NFT, including how many views it has received.

Step 6: Become a Rich and Famous NFT Artist!

Now all you need to do is wait for someone to buy (or bid if you have chosen the “Auction” or “Buy with Auction” options) on your NFT masterpiece!

You can mint and sell as many NFTs as you like on Mintable. The process for creating NFTs on other platforms is very similar (although unlikely to be completely free as is the case on Mintable).

Good luck and have fun on your journey to becoming the next Beeple or Grimes!

How Much Does it Cost to Mint an NFT

NFT marketplaces charge different fees and commissions for creating NFTs on their platforms. Here’s a list of the top 3 marketplaces with their fees:

• The initialization fee can be anything from around $70 to $300 at the time of writing.
• The sales processing fee generally costs around $10 to $30.
• RaribleRarible also charges an initial setup fee to create your first “collection”, which is required to be allowed to list your NFT on the platform’s marketplace. In my experience, this can cost anything ranging from $400 to $700.

Depending on the platform you have chosen to mint and sell your NFTs on, you may want to consider doing some marketing to increase awareness of your NFT.

On the other hand, even non-exclusive platforms do provide the benefit of making your NFT visible to potential buyers and collectors browsing their marketplaces, simply because once your NFT is listed, it will be displayed on their gallery pages.

Here are some examples of how you can take advantage of the built-in features on various platforms to promote your NFTs.

Some platforms, including Mintable, also enable artists to promote or “Boost” their NFTs by paying fees.

As mentioned, there are no fees to mint and sell NFTs on Mintable.

Thanks to its open policy towards artists and the types of NFTs that can be uploaded to its platform, OpenSea has become the biggest NFT market on the internet right now. As such, it also enjoys the most traffic.

This means that if you’re willing to pay the “2 one-time setup fees” to get yourself set up as a seller on the platform (on average this can cost anything from about $70 to several hundred USD at the moment), you will have access to thousands of buyers, collectors and resellers who browse OpenSea’s marketplace daily.

Bear in mind that you will also have to pay OpenSea’s setup fees to list your first NFT for sale.

Rarible

Rarible also lists all NFTs created on its platform on OpenSea automatically, so you get to enjoy the benefit of having your NFT listed on two different platforms at the same time.

Sales Fees on Rarible

On Rarible, both sellers as well as buyers have to pay a 2. 5% fee on successful NFT sales — i. a fee of 5% in total. There is, however, also the option to pay the entire 5% in fees if you are the seller. Rarible does, however, allow sellers to set their own fees.

Remember that you will also have to pay setup fees to get your first NFT listed (see section How Much Does It Cost to Mint an NFT? above for setup fees).

SuperRare

Exclusive NFT marketplaces tend to market the NFTs uploaded by their artists on their behalf, and SuperRare is no exception. If you’re interested in super high-end art created by curated digital artists, and are willing to spend a bit more on your NFT assets, SuperRare is a good place to look.

If you do happen to be a curated artist on SuperRare, you will in all likelihood have no shortage of traffic to your listings. However, SuperRare does not feature any convenient social media sharing buttons on its pages — most likely because its designers wanted to preserve its minimalistic and clean design aesthetic.

SuperRare charges a 15% commission on all sales in addition to a 3% fee on all transactions (paid by the buyer).

Figure out what an NFT is

Listen, there’s no judgment if you’ve arrived here without much understanding of what NFTs are. Maybe a friend said, “Hey, you should sell that picture of your cat as an NFT. ” But before you go through the process of creating and selling one, it’s probably best to have some idea about what you’re doing.

You can technically sell any digital file as an NFT, but if you’re looking to use a marketplace’s easy minting tools, you’re going to be limited to the formats they support. We’ll touch on that a bit more later, but it’s worth keeping in mind that your first NFT should probably be an image, video, or audio clip of some sort. If you don’t know what you want to sell as an NFT yet, those kinds of restrictions could help you narrow down the possibilities. With that said.

Make sure you actually want to sell an NFT

If you just have the vague idea that you want to make an NFT because seemingly everyone is doing it, there are a few considerations you may want to take into account. The first big one is transaction fees. While the platforms that we’ll cover today will let you create NFTs for free, selling them could be a different matter.

It’s also worth noting that paying gas does not 100 percent guarantee your transfer will go through. You can pay more to give yourself a higher chance, but it is never a sure thing. To be clear, most transactions are likely to go through. However, if something does happen and your transaction isn’t completed, you won’t get the gas fees you paid back.

Choose a platform to sell your NFT on

It’s also worth noting at this point that our guide will show you how to do things the basic way. Even with NFT markets, there are deep rabbit holes you can go down that won’t be covered in this guide (things like selling an NFT minted with OpenSea on Rarible, programmatically generating collections like Bored Apes, and so on). Just know that this isn’t meant to be a comprehensive compendium on selling NFTs — it’s just getting you to the path.

There can be catches — with OpenSea, listing your first Ethereum NFT for sale will require initializing your account, which will cost money (during testing in June 2022, I saw prices around the $60-70 mark). It is a one-time fee, and after paying it, you’ll be able to lazy mint NFTs without having to pay anything.

With Rarible, I didn’t have to pay this sort of fee during my testing. However, trying to remove your NFT from sale will cost a fee (I saw prices around $6-8). Both Rarible and OpenSea will take a 2. 5 percent fee from any sales you make — if you sell an NFT for 0. 025 ETH, you’ll actually receive 0. 024375 ETH.

Do I have to use a marketplace site to create an NFT?

Keep your seed phrase as secure as you possibly can — both from prying eyes and the possibility of loss. Do not post it, even a blurred version of it, on the internet (as I am doing).

Finally, both MetaMask and Coinbase will give you what’s known as a “seed phrase,” which is 12 random words. It’s very important not to lose this, as it will let you recover your account if you, say, uninstall the app or need to set up your wallet on a new device. It’s a good idea to copy it and store it in a very safe location, such as a physical safe or password manager (or both). MetaMask will ask you to repeat the phrase back, while Coinbase Wallet will ask you if you want to store an encrypted copy of it on the cloud if you set it up using the app. If you’re setting Coinbase up with the extension or you choose to manually back it up instead of saving it to the cloud, it’ll be the same process as MetaMask, where you’ll have to re-enter the phrase manually.

If you lose your password and / or security phrase, you’ll be out of luck with both MetaMask and Coinbase Wallet — neither company can do anything to help you. That means you’ll lose access to any cryptocurrency or NFTs stored in that wallet, as well as the accounts that you’ve set up using it. So seriously, keep your password and secret phrase safe.

Finally, you’ll have access to your wallet, which won’t have anything in it yet!

After you’ve got your wallet set up, you’ll want to connect it with the NFT marketplace you plan on using. OpenSea and Rarible make this easy — clicking the Create button in the top left prompts you to connect your wallet. You’ll then be presented with a list of compatible wallets, and choosing yours will prompt you to go through the connection process.

Connecting an account with MetaMask is simple if you have the browser extension installed.

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. If you’re using the Coinbase Wallet app, you can also connect to the marketplace by using the QR code scanner (which you can find to the right of your balance on the main wallet screen).

The QR button in the Coinbase Wallet app lets you scan a QR code to connect to NFT marketplaces or other apps that require a wallet.

A word of caution for the future: be careful if you see a request to connect to your wallet when you don’t expect it, as scammers could be trying to access your funds or NFTs. As long as you’re on a trusted site, you should generally be okay (at least, as long as something isn’t very wrong — be sure to check transactions to make sure they’re kosher). But if an unknown site asks to connect to your wallet, you should probably think twice before accepting.