Another day in the metaverse, another person is selling an NFT of a picture of a rock for another $1.7 million. Now you are wondering how you get into the game to make that first million dollars? Well, you come to the right place because this guide is telling you exactly how you can make your first NFT today and start selling it for a quick dollar.
Concepts
A big overview of NFTs: it’s a digital rights to a picture. Which gives ownership of a digital asset, thus, making it something non-fungible. So in this case, the digital assets, be it a picture, music or anything programmable, is tied to a blockchain, which in this example is Ethereum.
So the main idea in this guide is to take something that you create, for example a picture, register it to a blockchain and mint it to become an NFT. And you push your NFT to a marketplace or tie it to your twitter account. That’s it.
Step 1: You need a wallet
First, you need a wallet to hold your cryptocurrency. There are many choices out there but the most popular one is Metamask. Have it installed on your phone or as a browser extension. Then you register an account and you’re all set. You now have a wallet to hold your cryptocurrency.
Step 2: Pick a picture or do it your own
Now, you have created your wallet, you will need something to make an NFT out of. Easiest way to do it is to grab your phone, take a picture and use that. It’s that easy.
Of course, some digital artist actually created some really nice artwork and they got a lot of press like the Bored Ape Yacht Club which you can see their gallery here.
Step 3: Mint It !!
So here is the actual step that turns a normal picture into an NFT: The minting process. The entire process is just embedding a picture to a blockchain like ethereum.
And here’s a thing that cryptobros forgot to mention: Gas Fees. Gas fees are some cost that incentive miners to do your transaction in the cryptocurrency. And of course, it takes cryptocurrency to move cryptocurrency. So depending on which blockchain, it can cost a few hundred dollars to transfer ethereum around. So to counter this, some platforms, like OpenSea suggest to mint it on Polygon, a supposedly Ethereum compatible crypto that for now, does not have any gas fee.
Actual minting step: To mint your picture and turn it into an NFT, head to OpenSea and sign up by registering your account into the website. Just head to the create page and select your picture, punch in the details. The most important step is selecting your Blockchain. In OpenSea you have two choices: Ethereum or Polygon. Ethereum is more well known but you have to pay a gas fee for any transactions which can be high. Polygon is supposed to work with Ethereum and doesn’t have any gas fee.
Once you hit the ‘Create’ button, you’re done! And congratulations on your first NFT.
Step 4: Marketing
Now, here is the actual hard part: selling your art. Just like in the real art world, there must be a compelling reason why people would want to buy your art. While it is true that a lot of the high profile purchases could be linked to money laundering, NFTs can be a legitimate source of income.
The most important thing about getting that NFT sold is marketing. The more people know about your artwork, the higher the chances that some random people will buy it. So spread the word to your family, friends, and social media. Good luck!!
Conclusion
So there you have it, how to create NFTs with three easy steps plus marketing. Now you can create digital works, mint them into NFT and start selling them. Good Hunting!
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