How to Create and Sell NFTs: Get Rich and Famous!
NFT stands for “non-fungible tokens”: these are unique virtual tokens based on blockchain technology. The concept differs from cryptocurrency, because where one Bitcoin is interchangeable with another Bitcoin, an NFT is unique (although there may be several copies of the same work). For example, it could be a graphic work that people can buy and sell. Blockchain requires, we can very well trace its origin, its history, its owners, which makes an NFT a work and at the same time a digital certificate of authenticity. Technically this is most often an ERC-1155 token based on the Ethereum blockchain, but the Tezos blockchain is also used.
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Paintings, music, football players or video games
NFTs can therefore be graphic works (painting, pixel art, photos, etc.), but there are also musical works, tweets, memes or collectible cards as proposed in French Sorare with his soccer players or NBA Top Shot with mythical moments from the American basketball championship: dunks, three-point shots, baskets on the buzzer, etc. NFTs have also taken over the video game world and that makes perfect sense. In Axis Infinity for example, you have to fight creatures in the manner of Pokémon. Except that here the rarity of your critters is guaranteed by the blockchain. Where a “rare” Pokémon can become very common on the simple will of the developers (it is enough to put more in circulation), the “Axies” have a rarity which is not artificial: their number is defined, they are unique and have a real rating in the market.
Also read: Guide: Where and How to Buy Bitcoins and Cryptocurrencies in 2021?
OpenSea, the NFT supermarket
If the world of NFT interests you, OpenSea is an authoritative site in the field. This is a site where it is possible to acquire NFTs of all kinds, but also to create your own and even sell them. You can browse the works out of curiosity, but to become an actor (purchase, sale), you will need to attach a software portfolio such as MetaMask. We will see that in this tutorial …
Create and sell your own NFTs on OpenSea
1 / Link a “wallet” to OpenSea
To buy, sell or sign your own NFTs, you will need to create an account. Here, however, it will be necessary to add an essential step: backing up a “wallet” like MetaMask, Coinbase Wallet, WalletConnect, etc. This is a browser extension that allows you to pay or get paid. Be careful, you do not have to power it for the moment. We chose MetaMask because it is the best known. On the official website, install the version that matches your browser and follow the steps to create it. You will have to choose a password, but the most important is the “passphrase”: 12 words that you must write down and especially not lose, because it is the unique key to your wallet.
2 / Buy and sell NFTs on OpenSea
Once the wallet is created, you just need to link it with OpenSea. On the OpenSea site, do Profile then Connect your wallet. Choose MetaMask and enter your password. You are free to edit your profile with your photo, your personal information: bio, Instagram accounts, Twitter, etc. You can then go to Explore and buy NFTs. There is a bit of everything and it will be necessary to activate filters: buy now (Buy Now), NFT at auction (Auction), new products, promotions, grouped NFTs (Bundle). There is also a ranking of the most prominent artists, because as for the art market, the NFTs are incidentally a means of enriching oneself. By buying the work of a little-known artist who will take off, we can make great capital gains. It’s a business.
3 / Create your NFT on OpenSea
To create an NFT, click on Create and upload the file of your choice: image, video, audio or 3D model. There are many supported files. You will have to name your creation and it is also possible to add a site where the potential buyer can find additional information, but this remains optional. You can also add a description, additional content (it is possible to give a gift to the potential buyer to give more value to your NFT). If your NFT is adult content, you will need to activate Explicit & Sensitive Content. You will also have to put the number of copies for sale and choose your blockchain. This is important: with Ethereum, you will have to deposit an amount that will be used to validate the transaction if your NFT ever sells. Otherwise, this sum will be returned of course, but if you are a beginner you can also choose Polygon which is “gas-free”: you have no money to block and a percentage of 2.5% will be deducted from the transaction. Click Create at the bottom of the page for the final process.
4 / Sell your NFT on OpenSea
There you have it, your NFT is created! Now you have to sell it to become a millionaire. Click on Sell and set the price. At the moment 0.01 ETH represents $ 42. Note that with Polygon, it is not possible to access the auction system, you are confined to the fixed price system. Your NFT will be listed 1 day, 3 days, a week or 6 months. Make Complete listing and sign with your wallet, it will open automatically. Congratulations, your first NFT is on sale! A wealthy investor who recognizes your talent will no doubt come and buy your pixel porridge for an exorbitant sum. Your fortune is made!
Also read: Guide: Where and How to Buy Bitcoins and Cryptocurrencies in 2021?
