Have you been looking for a guide on how to make and sell NFTs? If so, you’re in the right place. If you’re into the culture of NFTs I assume you already know what they are.
However, the word “NFTs” is unknown to most people. Briefly, NFTs are non-fungible tokens. Meaning they are unique images, pieces of audio or visual art that can’t be exchanged for another token.
As an NFT creator, you can produce your own NFT and then sell it on various marketplaces on the internet.
Making NFTs is the easiest part here. What’s more complicated is selling it to users who’d be interested in owning your unique creation. And, of course, making a nice profit out of it.
If you don’t know how to make NFTs but you’d like to learn more about them, here is a short guide on how to get started.
Select a marketplace for your non-fungible token
Consider the transaction fees
If you’re choosing OpenSea you need to be aware of the transaction fee. OpenSea charges between $70 and $400 to display your token. On the other hand, Rarible, although cheaper, charges between $30 to $60. If you have a limited budget, choose Rarible.
Create a crypto wallet
Whether you’re on OpenSea or Rarible, you need to create a cryptocurrency wallet. Popular wallets are CoinBase and MetaMask.
Warning: be very careful not to lose the authentification code that lets you get into your wallet. This code is unique to you. If you forget it, nothing is going to help you access your wallet.
Open an account on Rarible or Open Sea
You can create an account on OpenSea by connecting your digital wallet to your profile. To proceed, install your digital wallet extension on your Google Chrome.
Make your first NFT
The next step is to make your NFTs. If you don’t have an NFT, you can create your own in Photoshop. GIFs can also be NFTs so you can make one with Snagit or Easy Gif Animator. For 3D art, ZBrush and Mudbox are the go-to programs to use.
After you’re done with your NFT, upload it to your OpenSea account by clicking ‘Create’. Give it a name and a description and add it to a collection of tokens. (You should first create a collection by clicking the ‘Create a collection’ button)
Make sure that when you create a collection, you decide how much royalty fees you’ll be paid when your NFT is sold. You can choose to get paid 5% through the Ethereum blockchain.
Finalize the process by clicking ‘Create’.
Sell your NFT
Selling your NFT is easy. Just go to your NFT page and click ‘Sell’.
However, you need to decide its price. Start with a lower price so you’d have more users interested in it. I’d personally start selling my NFTs for $5 or even less.
When your NFT sells, OpenSea is going to pay you 5% of its original price.
Meaning, if you convince 20 people to buy your GIF for five bucks, you’ll have $1.25 in profit. And, as it’s in real life, the more users will buy from you the more profit you’ll make. Which, in turn, will make your NFT extremely valuable.
Remember that the whole point of buying an NFT is to have the feeling that you’re someone who owns a piece of art that no one else has. An example is the entrepreneur Vignesh Sundaresan who, in 2021 bought Everydays by Beeple for $69.3 million.
Selling any piece of art requires a bit of marketing on your part. Your NFT needs to capture the user’s attention, thus, the more places you advertise it on, the higher the chances of selling it. Facebook, Instagram and TikTik are great social media channels to show off your artistic genius.
Making NFTs is the easiest part of this whole process. As an artist, your joy is to make art. However, selling and marketing your art are equally important steps of the process. You want to give this process a bit of time until users will get to know you and your NFTs.
Success will come to you and to those endowed with patience.
Marlena is a freelance writer and technology enthusiast with an interest in business, health, and cryptocurrencies. She has written for Thrive Global, Life Hack and Medium. You can say ‘Hi’ to her on Twitter @MarlenaEeva.