How To Create An NFT? Complete Step By Step Instructions- 2022.

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We’re going to go over how to create an NFT using two of the most popular marketplaces, but before we get to that point, let’s cover some of the basics of what an NFT is? NFTs have been a cultural phenomenon throughout 2021. How to use it, constantly making headlines as celebrities dabble in the space and as shenanigans, scams, and legal fights ensue. With some creators making millions off NFTs, though, it’s understandable why you’d want to try your hand at it or play around with the tech to get a better feel for it and the decisions you may have to make before deciding to sell one.

How To Create An NFT? Step By Step Instructions:

STEP 1: DETERMINE WHAT AN NFT IS.

Listen, there’s no judgment if you’ve arrived here without much understanding of what NFTs are. Maybe a friend said, “Hey, you should sell that picture of your cat as an NFT.” But before you go through the process of creating and selling one, it’s probably best to have some idea about what you’re doing.

We have an entire explainer going into NFTs and the culture around them, as well as an explainer on the Blockchain Technology that NFTs use. You don’t have to study every word in them, but the rest of this guide will make references to things like Ethereum, proof of work, and other similar concepts that you’ll get a better understanding of by reading our explainers.

Here’s a quick TL;DR, though. NFTs, or non-fungible tokens, are digital tokens stored on the blockchain. Unlike cryptocurrencies, where each coin is the same (there’s no reason to prefer one particular Bitcoin over another), each NFT is unique and can be sold as a way to prove ownership over some sort of digital file.

STEP 2: CONFIRM THAT YOU WANT TO SELL AN NFT.

If you just have the vague idea that you want to make an NFT because seemingly everyone is doing it, there are a few considerations you may want to take into account. The first big one is transaction fees. While the platforms that we’ll cover today will let you create NFTs for free, selling them could be a different matter.

STEP 2: CONFIRM THAT YOU WANT TO SELL AN NFT.

Most NFTs are sold on the Ethereum blockchain (we’ll touch on ones that aren’t in the next section), and every transaction on the Ethereum blockchain costs fees that are paid to the miners. These fees are called “gas,” and the amount of gas you need for a transaction (and therefore how much that transaction will cost) can vary significantly. Almost everything you do on the blockchain, from minting an NFT to transferring it to someone else to bidding to purchase one, will cost gas (though there are some ways around this for creating NFTs, which we’ll go over in a moment).

STEP 3: SELECT A PLATFORM ON WHICH TO SELL YOUR NFT.

Dozens of platforms let you sell NFTs across a wide variety of blockchains, so it’s almost impossible for any single guide to cover them all, much less tell you which one is the right one for your project. We’ll be covering two of the more popular marketplaces in this guide, but do know that there are alternatives if neither of these platforms fit what you want to do, like AtomicHub, which uses the Wax blockchain, or the Solana-based Solea.

It’s also worth noting at this point that our guide will show you how to do things the basic way. Even with NFT markets, there are deep rabbit holes you can go down that won’t be covered in this guide (things like selling an NFT minted with OpenSea on Raible, programmatically generating collections like Bored Apes, and so on). Just know that this isn’t meant to be a comprehensive compendium on selling NFTs — it’s just getting you to the path.

Both OpenSea and Rarible let you create NFTs on Ethereum without paying anything, thanks to what they call “lazy minting” systems. Lazy minting lets you create an NFT and put it up for sale without it being written to the blockchain, thus avoiding any fees. When someone buys it, the fees for writing your NFT to the blockchain will be bundled with the fees to transfer it to the buyer. That helps you avoid the situation where you pay $10 to $30 (or more!) to mint an NFT that no one ends up buying.

DO I HAVE TO USE A MARKETPLACE SITE TO CREATE AN NFT?

Technically, no. You can create your smart contract, deploy it to the blockchain of your choice, and then mint your tokens using it. That’s jumping into the deep end, though, and probably not the route you’ll want to go unless you’re very technical. Most people will want to use one of the platforms discussed above.

STEP 4: MAKE A WALLET.

Wallets are the applications you use to store your cryptocurrencies, as well as any NFTs you end up minting or buying. Coinbase has a more in-depth explanation of how wallets work and the different available options, but if you’re just getting started, there’s one main thing you need to worry about: using a wallet that’s compatible with the blockchain you’re using.

MetaMask’s wallet is one of the wallets that’s widely supported by Ethereum-based applications like OpenSea, Foundation, and others and can be used either as a Chrome / Firefox extension or as an iOS / Android app. Coinbase also has a wallet that you can use as an extension or an app, and it’s supported by most platforms. You may want to consider Coinbase’s wallet if you’re planning on getting into Crypto more broadly, as it has support for blockchains not based on Ethereum, like Bitcoin.

MetaMask and Coinbase Wallet’s setup processes are similar. 

Once you have the browser extension or app installed (MetaMask can be downloaded here, Coinbase Wallet), click or tap the “Create new wallet” button. Coinbase will ask you for a username, and both will ask you for a password, which you’ll want to make sure is secure (preferably by generating it with and saving it in a password manager).

STEP 6: FORM AN NFT.

After you’ve connected your wallet, you’ll arrive at the page you use to create an NFT (and if you don’t end up there, you can get there by clicking the Create button that both platforms put in the upper right-hand corner).

Before we start creating our NFTs, a word on collections — both platforms support collections, which are pretty much what they sound like. If you want to create a series of NFTs, you can use a collection to do so — on Raible, you can create one right from the NFT creation screen, which the NFT you’re making will be added to. On OpenSea, you’ll have to go to your profile picture in the top right, then go to My Collections > Create a collection.

We won’t cover collections in this guide, but OpenSea will automatically place the NFT you create into an unnamed collection if you don’t specify one (you can either edit the collection later or move the NFT to another collection), and Raible lets you sell an NFT as a Rarible Single without a collection.

Now, let’s finally get started on our NFT.

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