How to Create your NFTs and sell them
Many artists and designers are now asking how to manufacture and sell an NFT owing to the high prices certain NFT art has garnered at auction. A new trend has emerged in the art market: non-fungible tokens. Even Christie’s has held NFT art auctions with record-breaking prices. How to Create your NFTs and sell them
Whether you think crypto art is a fleeting fad or a long-term trend, you may want to investigate how to create and market your own NFT. If so, you’ve come to the correct spot. Making an NFT of your original artwork and selling it via an online auction are covered in this article.
The first step in creating an NFT is choosing an NFT platform to develop and sell your NFT on, as well as a payment wallet to pay fees and get cash if you sell your NFT.
There are several internet sites for making and selling NFTs. For example, Paris Hilton utilized the Nifty Gateway to sell her fascinating Crypto Queen NFT depicted above. Other auction sites include Foundation, VIV3, BakerySwap, Axie Marketplace and NFT ShowRoom. Popular NFT payment systems include Coinbase, MetaMask, Torus, Portis, WalletConnect, MyEtherWallet, and Fortmatic.
In this article, we’ll show you how to create and sell an NFT using Rarible’s NFT platform and MetaMask’s bitcoin payment platform.
How to Create your NFTs and sell them
First, keep in mind that all of the aforementioned NFT auction sites need upfront payment to ‘mint’ your NFT, converting your artwork into a non-fungible token. They prefer payment in bitcoin, so you’ll need to acquire some to cover the costs before you can earn any. They charge in Ether (abbreviated ETH), the native cryptocurrency of open-source blockchain platform Ethereum, where NFTs initially appeared. How to Create your NFTs and sell them
There are several possibilities, but we’ll utilize MetaMask, which is available as a browser extension and a mobile app. If you prefer another provider or already have a digital wallet, go to step 4, otherwise we’ll walk you through setting up your wallet and buying ETH.
Pay for NFTs using a digital wallet
To establish a MetaMask digital wallet, visit its website and click the blue ‘Download’ icon in the top-right. We’ll install the browser extension because we’re on a desktop, but there’s also a mobile app. How to Create your NFTs and sell them
You’ll be prompted to ‘create a new wallet and seed phrase’. Don’t sweat the seed phrase (it’s a collection of words that holds blockchain data). Say yes, then agree to the conditions, create a password, and go through several security precautions to have your account set up.
Fill your wallet with crypto
Following the creation of your MetaMask wallet, you’ll need to fund it with ETH. If you don’t have any ETH yet, click the Buy button and choose the option to buy it using Wyre. Then you may purchase ETH using Apple Pay or a debit card. You may skip this step if you don’t want to spend money yet; it simply takes a bit more work (see your selected NFT platform’s fees to see how much you’ll need to purchase). How to Create your NFTs and sell them
Link your wallet to NFT
Most digital wallets operate the same. Whichever one you choose, you’ll need to link it to the NFT platform. We’ll use Rarible as an example, but there are many more NFT platforms available, and the procedure is identical.
Upload the NFT file
Now that you have an ETH wallet, you may build an NFT of your work. Click the blue ‘Create’ button in the upper right of Rarible. You may then make a one-off piece or sell the same thing several times. In this case, ‘Single’. Now you must upload the digital file you want to NFT. Rarible allows up to 30MB PNG, GIF, WEBP, MP4 and MP3 files. How to Create your NFTs and sell them
Hold an NFT auction
The following section of the form allows you to sell your NFT artwork. There are three. If you choose ‘Fixed price’, you may sell your NFT immediately (like ‘Buy it now’ on eBay). With ‘Unlimited Auction’, anyone may keep bidding until you accept one. Finally, a ‘timed auction’ is one that has a defined duration. That’s the example we’ll use. How to Create your NFTs and sell them
Then comes the tricky part: setting a minimum price. If you sell your NFT too cheaply, the huge fees will eat up your earnings, perhaps leaving you out. We’ll establish our price at 1 ETH (now $4,700) and allow seven days for bids.
Describe your NFT to sell
Now you can add a title and a description. Consider this carefully to increase your NFT’s chances of selling. Then you’re asked to decide what proportion of future royalties you want to claim.
Pay the listing cost
Click ‘Create Item’ to pay the listing fee. If you don’t have enough money, don’t worry: you won’t have to start again. Simply click the wallet symbol in the upper right corner of the screen to add money straight inside Rarible.
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