How to make and sell an NFT is something a lot of artists and designers are exploring as a potential new avenue for creative business. NFT art continues to make headlines when pieces fetch mind-blowing prices in auctions, or ‘drops’.
Even traditional auction houses like Christie’s have held NFT art auctions involving huge sums of money, and brands are working with artists and designers to create NFTs as part of their strategies to enter the metaverse.
That said more and more artists, illustrators and designers are marking money from selling NFTs, so it may be something you wish to consider. In the guide below, we’ll walk you through how to make an NFT of your work and how to sell an NFT through an online auction.
You can take a look at our pick of the best NFT artwork for inspiration – and if you’re still not clear on what a non-fungible token is, we’d recommend reading our what are NFTs explainer sure you’re clued up before going any further.
If you are ready to dive in and try your luck, read on for our step-by-step guide to how to make and sell an NFT.
How To Make And Sell An NFT
First, you’ll need to make, or ‘mint’ your NFT. To make an NFT of your artwork, you’ll need to choose an NFT platform and a payment wallet, the latter of which you’ll need to use to pay fees – and to receive any payment if you’re lucky enough to sell your NFT. There are lots of online platforms you can use to make and sell an NFT.
Some of the most popular NFT auction platforms include OpenSea, Raible (pictured above), SuperRare, Nifty Gateway, Foundation, VIV3, BakerySwap, Axie Marketplace, and NFT ShowRoom. See our guide to NFT marketplaces for a comparison of some of the most popular options.
Purchase Some Bitcoin In Order To Fund Your Wallet.
All of the NFT auction platforms mentioned above will want to pay upfront to ‘mint’ an NFT, which is the process that turns your artwork into a non-fungible token that you can sell.
In most cases, payment must be made in cryptocurrency, which means that before you have a chance of earning any cryptocurrency by selling an NFT of your work, you’ll need to buy some to cover the fees.
Ether (abbreviated as ETH) is the most commonly accepted currency since it’s the native cryptocurrency of the open-source blockchain platform Ethereum, which is where NFTs first launched.
However, some platforms are starting to accept a variety of payment formats and to create NFTs using different blockchains (see our guide to NFT crypto to learn more on which might be best for you).
As we mentioned, there are many options for this, but to illustrate the process, we’ll use MetaMask, which is available as a browser extension and as a mobile app.
If you prefer to use another service, or if you already have a digital wallet and know how it works, jump straight to step 4. Otherwise, we’ll talk you through how to set up your wallet and buy ETH in the next step.
To Pay For Your NFT, Create A Digital Wallet.
To create a digital wallet with MetaMask, you’ll need to go to its website and click on the blue ‘Download’ button in the top-right. As we’re using a desktop computer, we’ll choose the option to install the browser extension, but there’s also a mobile app.
You’ll be asked to confirm that you wish to ‘create a new wallet and seed phrase’. Don’t worry too much about what ‘seed phrase’ means (it’s a list of words that stores blockchain information).
Say yes, then it’s simply a matter of agreeing to the terms, creating a password, and making your way through some security measures, then you’ll have your account set up.
Fill Your Wallet With Cryptocurrency.
Once you’ve set up your MetaMask wallet, or any digital wallet, you’ll need to add some ETH to it.
If you don’t already own some ETH, you’ll need to buy some now, so click on the ‘Buy’ button and select the option ‘Buy ETH with Wyre’. You’ll be taken to a screen where you can use either Apple Pay or a debit card to buy ETH.
Note that if you’d rather not part with any money yet, you can leave this stage until later; it just requires a little more faff (you’ll want to check your chosen NFT platform’s fees to know how much you’ll need to buy).
The jargon involved in the cryptocurrency world can make this part of learning how to make and sell an NFT quite daunting, but buying currency is very easy to do. Just be aware that like bitcoin and many other cryptocurrencies, the value of Ether can fluctuate hugely.
In 2021 alone, the price of 1 ETH has gone from under $1,000 to around $4,700 at the time of writing, with many peaks and troughs on the way. The price of the currency can swing by several hundreds of US dollars in just a few hours.
Link Your Wallet To An NFT Platform.
Most digital wallets work similarly. Whichever one you’ve chosen, you’ll need to connect it to the NFT platform that you’ll use to sell the NFT.
For illustrative purposes, we’re using Rarible, but there are many other NFT platforms to choose from and the process will generally be similar to what we outline below.
Go to Rarible.com (shown above). In the right-hand corner of the screen, there’s a button that reads ‘Connect wallet’. Click here, and on the next screen, you’ll be asked for your wallet provider, which in our case is MetaMask.
A popup will give you the option to connect your wallet with Raible. Click ‘Next’, then ‘Connect’, accept the terms of service and confirm you’re over 13 years old.
Upload The File That You Wish To Convert To An NFT.
So now you have a wallet connected with ETH to make payments, you’re ready to know how to make and sell an NFT. On the Raible site, click the blue ‘Create’ button at the top right. You’ll then be given options to create a single, one-off work, or to sell the same item multiple times.
In this example, we’ll opt for ‘Single’. Now you need to upload the digital file that you want to make into an NFT. Raible accepts PNG, GIF, WEBP, MP4, and MP3 files, up to 30MB in size.
To illustrate, we’ve created an ironically awful piece of art, inspired by David Hockney’s controversial London Underground art. Upload your (hopefully much better) digital file, and on the right, you’ll see a preview of what your NFT post will look like.
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