Here’s a step-by-step guide for one of the easiest ways to create an NFT – using an NFT marketplace.
Choose an NFT Marketplace
There are many NFT marketplaces, each supporting a variety of different blockchains.
Some marketplaces allow anybody to create NFTs, whilst others are curated – meaning must apply to list NFTs on that platform.
For this guide, we will use popular NFT marketplace OpenSea.
Mint your NFT
Minting is the process of creating an NFT on a blockchain. Minting is a simple process, and only requires a few steps to complete.
We will mint our NFT on the Ethereum blockchain. Here’s how to do it:
- You will need some $ETH, the currency of Ethereum. This can be purchased on a cryptocurrency exchange, such as Coinbase. Create an account, and purchase a small amount of $ETH.
- Next, you will need a crypto wallet. MetaMask is the most popular crypto wallet. Use their guides to transfer your $ETH from your crypto exchange into your crypto wallet.
- Log in to OpenSea, using your MetaMask wallet.
- Click on Create. You can choose between a Drop, or a Collection. Click “Collection”.
- Click “Create a new collection”. Set a logo, name and abbreviation for your NFT collection – e.g. Bored Ape Yacht Club uses BAYC. Select the Ethereum blockchain, and click continue. NOTE: Make sure that your collection logo and NFT art are your own work!
- On the “Create an NFT” screen, set your NFT image, name, description and any further information. Once done, click “Create”.
List your NFT for sale
Now your NFT has been created, it is time to list it for sale. When setting-up your OpenSea account, you will be asked to sign a few transactions that enable you to sell your NFT.
Once this is done, you’ll be asked to confirm your NFT listing. From now on, you will no longer pay gas fees on your NFT, as the the buyer will pay them.
In a primary sale (creator-to-collector), you will receive the full price of the NFT, minus a small fee. Should the buyer sell the NFT to a third-party – known as a secondary sale (collector-to-collector) – you will receive a small royalty fee. You can set this via OpenSea. It is typically between 2.5% to 5%.
Promote your NFT
Social media is the primary way to promote your NFTs. X (formerly Twitter) is the #1 platform for general communication, and Discord is the #1 platform for community-based interactions.
We suggest that you connect with other artists, support their work, learn together, and expand your network.
If you find your first buyer, congratulations! Communicate with them to express your thanks – and ask what they liked about your work. You might get some inspiration for your next NFT!
NFT Basics
- What is a Non-Fungible Token?
- Are NFTs the same as Cryptocurrency?
- Common NFT Terms
- What was the first NFT minted?
- What can an NFT holder do?
- Why do collectors buy NFTs?
- Can NFTs be a good investment?
- How Do I Earn Money from NFTs?
- How Do I Purchase an NFT?
- How Do I Pick an NFT to Buy?
- How Do I Find the Rarity of an NFT?
- How Do I Make an NFT?
- How Do I Promote an NFT?
- What gives an NFT its value?
- How Do I Secure My NFT?
- Is It Hard to Sell an NFT?
- How Do I Exchange an NFT for Cash?
- How Do I Trade an NFT?
- How Do I Avoid NFT Scams?
- How Do I Know if an NFT Is Real?
- What Are the Biggest NFT Collections?
- What was the first NFT minted?
- Will NFTs last?