If you are wondering how to create an NFT, you have come to the right place. NFT stands for Non-Fungible Token. This is a crypto token that is unique and cannot be replaced with another one, unlike fungible tokens like Bitcoin or Ethereum.
You might wonder how you can create your own NFTs – the answer to this question may surprise you! With some simple steps which we will cover in this article, it becomes possible to generate new tokens at will. For those interested in entrepreneurship but don’t know where to start, here’s an opportunity not to miss out on!
What You Need To Know About NFT
NFT is a relatively new concept that has been introduced to the world of cryptocurrency. NFT is a cryptographically unique token that exists on the Blockchain. This makes it impossible for someone else to recreate it. In other words, each one of them can be tracked and identified by its own code or ID.
This type of token was first described in 2015 in an Ethereum Request for Comment (ERC) proposal where ERC-998 standard proposed “Nonfungible Token Standard” was suggested as a solution to many issues with non-fungible tokens such as uniqueness, scarcity, and tradability. The introduction of Non-Fungible Tokens solved some problems associated with digital collectibles, and this concept continues to be widely used in various applications. You can learn more about NFTs on our aritcle What Is NFT Art: Everything You Need To Know.
How to Create NFTs
If you are wondering how to create NFT art, follow these simple steps:
1. Set Up a Crypto Wallet
This is the first and most important step for those who want to create NFT. If you do not have a wallet yet, go ahead and set one up. Make sure that the wallet is compatible with whichever token standard (ERC-20 or ERC-998) you intend to use as it might be necessary in some cases.
One thing you need to remember is that all crypto wallets are not made equal. This is why you need to find a reputable wallet that meets all your requirements. Below are some of the factors you should consider before choosing a wallet:
- Compatibility: This is the most important factor to consider. Not all wallets are compatible with tokens created using different standards, which would add a lot of confusion and inconvenience while creating non-fungible tokens.
- Usability: You also need to pay attention to certain features such as security measures implemented by the wallet so that you can prevent unauthorized access or use of your funds. Also, consider ease of use and functionality.
- User-friendliness: This factor is also crucial, especially for beginners who do not have any technical knowledge about digital assets or cryptocurrencies in general. Make sure that your wallet can be used by everyone and has a simple interface with clear instructions (and even tutorials) on how to get started.
- Anonymity and transparency: This is another important point to consider. You should check whether your wallet allows you to remain anonymous or not because anonymity can have different meanings depending on the wallet provider.
- Community feedback: Take time and read what other users are saying about a certain wallet before committing to use it for NFT creation. We suggest sticking with well-known wallets that have been tried and tested by other users.
- Customer service: Last but not least, consider the level of customer service offered by the wallet. This is important in case you encounter any issues while using it or have some questions that need to be answered.
Some wallets that can be used as a non-fungible token wallet include Tezro, Math Wallet, Enjin, Metamask, and Trust Wallet.
2. Choose a Marketplace
After choosing a wallet, the next step when creating NFT art is to choose a marketplace. There are many different platforms you can use to create and sell NFTs, but it is important not to rush into anything before doing your research.
You should pay attention to a number of factors when choosing a marketplace for selling your NFT art:
- Reputation: This is the number one factor to consider when choosing a marketplace. Make sure that you can trust it with your art and personal information. Also, check whether other users have found issues with or complaints about the platform before committing to use it for NFT creation.
- Functionality: The next thing you need to pay attention is functionality because each marketplace has certain unique features. For example, one marketplace may have a better user interface or more advanced security measures than another. You need to check these things before committing to use the platform
- Payment options: The payment system is also important because you will be paid in tokens for your NFT art. Make sure that there are no hidden charges (e.g. transaction fees) and that you can withdraw your money whenever you want.
- Security: This is another crucial factor to consider when choosing a marketplace for NFT creation because security measures are important in terms of both the safety of your tokens and personal information. Make sure that there are no vulnerabilities or loopholes that could allow hackers to steal your data or compromise your funds.
Here are a few of the best NFT marketplaces
- OpenSea: This is one of the most popular platforms for NFT creation. It provides a platform that is very easy to use and has advanced features, including an escrow system that allows buyers to purchase tokens safely without fear of getting scammed or ripped off.
- Axie Marketplace: This is another popular choice for NFTs sellers. It has a smaller number of users compared to other marketplaces, but it can provide you with an opportunity to sell your creations at the best price because there are not as much competition and low demand
- Etherbots: The Etherbots marketplace provides artists with access to OpenSea’s API that allows them to create token contracts for their items. This can be a great way of securitizing your NFTs and selling them on the Etherbots platform.
- Larva Labs/CryptoPunks: This is another option you can consider for creating and selling NFTs. It allows artists to create their own pixel art characters that are designed using a simple, single-pixel cell-shaded style.
- NBA Top Shot Marketplace: This is another site that allows users to trade their rare NFTs in a safe and secure environment. You can create any NBA player using this platform, which uses OpenSea’s API for token creation.
- Decentraland: The Decentraland Marketplace provides merchants with an opportunity to sell assets on the blockchain through auctions or direct sales. You can create various types of digital assets using this platform, including NFT art that you will be able to sell on the marketplace.
Make sure you research about each marketplace before committing to use it for selling your NFT art. Once you have chosen a platform, move on to the next step.
3. Create a Collection
You cannot complete this process on how to create an NFT without creating your own collection. The process of creating a collection depends on the platform you are using. For example, some marketplaces allow users to create collections without having an account by simply adding a link in their listings and giving it a name. Other platforms require an artist to have an account with them before they can add their creations for sale.
Your collection needs to stand out from the rest because it is your shop window. Make sure you choose a catchy name, an attractive cover photo, and good photos that highlight the features of your NFT art. You can also include information about yourself using bio boxes or introduce yourself on social media channels such as Twitter and Instagram (if applicable). This will allow your customers to get in touch with you directly.
When creating the collection, make sure that you choose a medium or format for displaying your NFT art. Some marketplaces will require you to add information about its creation process so that potential buyers can easily understand what they are buying beforehand. Once everything is done, move on to the next step.
4. Create and Publish NFT
Once you have created your collection, it is time to create NFTs. You can create separate NFTs according to your collection. Make sure that they are in line with the criteria of the platform you are using for selling them (such as not including any personal information or URLs). You can also create different formats, such as video walkthroughs and GIF demos if relevant.
Once everything is done, publish your creations on the marketplace. You can use the tools provided by the platform to upload your creations, or you may have to manually add them depending on the marketplace interface.
5. Promote Your Project
The final step on how to make NFT art is to promote your project. Honestly, this is the hardest, yet the most rewarding part because it will determine the success of your NFT project. You can use various social media channels, such as Twitter and Reddit to promote your creations by creating polls that allow other users to vote for you.
Make sure that you also create an affiliate program through which others can sell your art on their own sites or marketplaces in exchange for a commission. You can also use paid advertising to boost your product.
When promoting your project, ensure you do not abuse the system by using bots or fake accounts for promotion purposes because it is against some marketplaces’ rules and regulations about spamming. Make sure that everything you publish on social media has a link back to your collection so that customers can easily find them.
Tips for Promoting Your NFT Project
Apart from social media and creating affiliate programs, below are a few other tips that can help you promote your NFT project effectively:
Add Your Drop to the NFT Calendar
An NFT Calendar is a community-based platform where artists can submit their creations for the purpose of being listed on the calendar. It is free to add your drop, which means you will not have to pay anything when trying to attract customers into buying it.
If there are no drops that match what you are looking for, then simply create one yourself and get other people who are interested in buying your creations to add it to the calendar. This is a great way of creating an audience for yourself and building trust with other artists at the same time, which can help you when trying to sell future NFT projects.
Create an Attractive Teaser for Your Project
Before putting up any drop on the calendar or marketplace, it is important that you create a teaser for your project. A good example of this is when CryptoKitties created an appealing video to market their NFTs before they were even launched.
In order to make a great teaser, ensure that your promotional strategies are original and unique so that you can capture the attention of your target audience. Ensure it has an informative yet catchy title so that people will be interested in finding out more about what your art is all about.
Get To the Featured Drops on Your Preferred Marketplace
Most reputable marketplaces have a featured drop section, which is where the platform highlights its most popular or best-selling products.
You can get your NFT project to this list by simply creating high-quality content that resonates with the community and encourages them to upvote it so that you can be seen on their front page.
Get Others within the Industry to Comment on Your Project
If you are new to the industry, it might be difficult for people to know about you and take a risk when buying from your collection. To solve this problem, simply get other influencers within the NFT community to comment on your work so that their followers can have access to them as well.
You can also include them in your affiliate program so that they can make a commission when selling your art. Sharing it on social media, especially in communities dedicated to NFTs, like this subreddit, is a must.
Now that you know how to create an NFT, you can generate more income for yourself within the NFT industry. With all the tips mentioned in this article, you should be able to create high-quality art that people will want to buy and appreciate.
Make sure the NFTs you create has a unique selling point that sets them apart from the rest. This way, you can outdo the competition and increase their demand in the market.
You can use Tezro app to promote your NFT, messaging your friends in a totally encrypted text message app. Share your work with everyone you know and gather feedback for future creations!