NFTs are becoming more and more popular in the crypto space. How can you create your own NFT? In this blog post, we will discuss how to create an ERC-721 NFT token on Ethereum.
What is NFT?
Non-fungible tokens are a type of tradeable ERC-721 tokens on the Ethereum blockchain, and other Networks such as Binance Smart Chain.
However, NFTs creators and buyers prefer Ethereum Network over any other network because of many reasons.
NFTs are nonfungible tokens that aren’t like fungible cryptocurrencies like Ether and Bitcoin, with each representing a unique digital property.
Why you should create your NFT?
If you are an Artist and still aren’t interested or haven’t created NFT then you are missing a great opportunity.
NFTs are becoming increasingly popular, with fans spending millions of dollars to acquire and sell them. It’s a fantastic way for artists to sell their Artwork.
A digital artist named Beeple created Everydays, a digital artwork that was sold for $69.3 million. This is considered one of the most expensive pieces of art in the history of NFTs.
Creating NFTs and selling them is a fantastic method to make money as an artist.
Creating your own Non-Fungible Token (NFT) isn’t difficult because it barely requires any technical knowledge. If you’re an artist who creates digital drawings or other similar work. Creating your NFT won’t be difficult.
If you follow our instructions carefully!
How to Create NFT?
If you follow our 6 steps to Create NFT, you will be able to create NFT in a very short time. We recommend creating your token on Ethereum Network. Because it’s one of the most popular Networks, and there are thousands of active users who can buy digital collectibles from you.
Let’s get started with
Create a Wallet:
The first step in your NFT journey is to establish a digital wallet. Where you’ll keep the cryptocurrency used to buy, sell, and create NFTs. By using the wallet you will be able to safely login and create accounts on NFT marketplaces.
There are hundreds of sites that provide free cryptocurrency wallets. However, we use MeteMask, because it is one most popular wallets for both desktop and mobile.
So, the first step is to create a Wallet on Metamask.
It would be helpful if you had some Ether, as many NFTs are built on the Ethereum blockchain.
The ETH is utilized to pay for the gas fee, which is calculated in Gwei.
However, let’s assume you already have an ETH-based cryptocurrency wallet. You can then make a Metamask wallet and move the ETH from your primary wallet to it.
The next step for you is to
Select the NFT marketplace
NFT marketplace is the place where you list your token.
After you’ve created your wallet and stored some ETH to cover gas fees, it’s time to choose a marketplace where you want to sell your work using NFTs. I’d recommend OpenSea because it has the most user-friendly interface. Now after selecting the Marketplace Connect your MetaMask wallet with Opensea.
Customize Create and Upload your NFT
Once you’ve linked MetaMask to your OpenSea account, proceed to the next step.
The procedure is as follows:
- Click on My Collection on the Opensea interface.
- Customize your collection by entering the name, creating a description, and attaching an image for it.
- It’s time to get started with the primary procedure of producing your NFT once you’ve gathered all of your resources.
Select Add New Item, and it will give you the option to upload file, which includes visuals such as JPG, PNG GIF or audio(MP3), and 3D files GLB.
You can produce an infinite number of tokens, but each one must be minted individually. It’s also worth noting how many distinct versions of a particular token you’d want to create.
NFTs are categories into two:
Edition: The edition token is a unique identifier assigned to a cryptocurrency’s state at a specific moment in time. If you duplicate the same token, however, it will be known as the edition token.
Stand-online: A single replica of digital artwork is known as a stand-alone token, making it even more valuable.
You’ve completed the following steps, added all of the necessary information, including social connections, an updated image, a description, and a name. Now to add your NFT to the blockchain, you’ll need to pay for approval and gas costs by clicking “Create.”.
After that, you must list your NFTs for sale. You have the option of using a fixed-price listing or an auction to establish your price.
Fixed Price NFTs can be sold as soon as a buyer matches your asking price.
However, in an auction, you must pick a duration. You can choose the period from a drop-down calendar, and OpenSea also offers suggested durations such as one day, three days, and one week as default options.