Do you want to create and sell NFTs? Then follow me as I take you through the simplest and ultimate guide to creating and successfully selling your nfts.
If you are reading this and you do not know or yet understand what an NFT is then provided here is a comprehensive answer to your question what are NFTs?
NFTs can be anything that catches a person’s attention or that triggers an emotional response. This simply means that NFTs can be anything at all, whether it makes people cry, reminds them of a memory or makes butterfly jump out of their stomach provided it can be transformed into digital products and transferred from the creator to the buyer it can be traded as an NFT. Do you now see why it is as if artworks are blowing the NFT trumpet?
Artworks of different artists and purposes trigger various emotional responses. The way an nft art of a monkey was sold I am sure you were already asking are nfts artworks only? By the time you are done reading this blog, you will confidently talk about nfts without leaving gaps.
TYPES OF NFTS
The types of Nfts include but are not limited to:
- Pictures(selfies of a guy as nft)
- Audiobooks
- Musics(how don jazzy made a whopping sum of $300,000 dollars selling a 20 minute gig as nft)
- Ebooks
- Movies
- Comedy skits
- Games
- Virtual tickets
- Artworks like that of beeple that sold for about $60 million dollars
- Anything that someone would want to buy for whatever gain they get from it like the nft monkeys, also the girl that sells her fart as nft and is making tons of dollars from it.
Now have you seen that the list is unlimited?
HOW ABOUT YOU WHAT ARE YOU THINKING OF CREATING AS YOUR OWN NFT?
Remember, nfts are completely unique and this is one thing that makes it interesting.
Now look at this. You know one cons of wearing clothes by a fast fashion brand is that they are mass produced and can be owned by so many people, right? A large number of people that like the cloth purchase it, making it become rampant and you and I know that when things like clothes become too available their worth reduces.
In economics, the forces of demand and supply solely affect the prices of goods and services and this theory is applied in the nft world and this brings us to this question, how do people make money from nft?
HOW DO PEOPLE MAKE MONEY FROM NFT?
Making money from nfts basically has to do with creating digital products as tokens. Then using an nft generator or on the popular nft marketplaces linking them to a blockchain wallet. Then tagging a price to it and finally listing it on that marketplace for people to see it and buy, thereby crediting your crypto wallet.
Another to know is that your nft should be able to create value to whoever may be interested in getting it, in as much as you can sell pretty anything as an nft.
There are some facts you should understand about nfts which will help you make some personal decisions venturing into nfts.
WHY WOULD SOMEONE WANT TO BUY AN NFT?
I was asking this exact same question before I carried out my research. I was also wondering what would make a person buy a picture for a large amount of dollars.
This is why. When you say an art of nature with birds and a serene atmosphere, one reason for buying it may be that the artwork is so beautiful, but the more interesting thing is that you are the only person who has that exact same art.
5 MOST IMPORTANT FACTS ABOUT NFTs
- Nfts are unique and can not be interchanged.
- Nfts can also be used as collaterals for loans
- Nft tokens are are easy to create and sell
- People donate to charity from the sale of nfts.
- You will be scammed easily so you have to be double careful.
Now that you have known all these and are ready to create your first ever nfts, let us see the magic.
3 BASIC THINGS YOU MUST HAVE BEFORE YOU CAN SUCCESSFULLY CREATE AND SELL AN NFT.
- A smartphone with an internet connection.
- Block chain wallet.
- A marketplace
- A creative idea and manpower.
NOTE: There are various marketplaces or nft generators available.
But you can go for the most popular ones that have been tested and used by several people and do not fail to do your diligent research because this is just a recommendation and not financial advice.
LISTS OF POPULAR NFT MARKETPLACES
- Nifty gateways
- Create.nightcafe.studio
- Rarible
- Opensea.io
7 STEPS TO CREATE AND SELL AN NFT
- Choose a blockchain wallet:This is any cryptocurrency based wallet which you need to pay fees and receive payments on your nfts. If you have a wallet already then go to the second step but if not, go to the metamask website to create an ethereum based blockchain wallet.
- Fund your wallet: Some nft market places may charge you about $2 service fee. So you need to have some coins in your wallet to be able to pay for the service. This is referred to as a minting fee.It is also affordable. But with opensea.io new collectible manager you can mint your nft without a gas fee until your first sale of nft.
- Link your wallet to the marketplace: Linking your wallet in the marketplace enables you to receive any payment of coins made on the purchase of your nfts.
You will have to choose any nft platform of your choice like I explained above.There are no vivid differences amongst them but I will be using opensea.io to make illustrations.
- Create your nft of choice: Navigate to the opensea.io website,click on create then you follow the instructions that pops out.
- Fill out all the required fields and then click sell.
HOW TO SELL YOUR NFTS
After you have successfully created your NFTs, to sell it you simply click on sell.The page will redirect you to a dashboard where you will fill in the following:
- A brief description of your nft so whoever sees it will know what they are seeing. You exhaustively describe it. What is it? Its category? name? origin? And what have you.
- After the description, choose a type of sale, if it’s auction, bidding or by placing a price tag on it, so that buyers know how to pay you.
- Then you sign the nft as a sign of ownership and include its royalty .
- Crosscheck your inputs from A-Z to be sure of what you filled so you do not sell your nft lower that expected due to typographical error as this victim.and then click on the complete listing to list your nfts where buyers can see them.
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