{"id":7523,"date":"2022-05-02T00:15:00","date_gmt":"2022-05-02T08:15:00","guid":{"rendered":"https:\/\/www.cultofmoney.com\/?p=7523"},"modified":"2022-05-01T09:02:23","modified_gmt":"2022-05-01T17:02:23","slug":"how-to-create-and-sell-ntfs","status":"publish","type":"post","link":"https:\/\/www.cultofmoney.com\/how-to-create-and-sell-ntfs\/","title":{"rendered":"How To Create And Sell NTFs (Step-By-Step Guide)"},"content":{"rendered":"

\"OnJuno<\/span><\/p>\n

Non-fungible tokens (NFTs)<\/a> are being hailed as a way to validate ownership of digital assets \u2014 as well as a way for creators to own and profit from their work.The idea behind creating and selling NFTs as a creator is that you can directly market and sell your art to buyers. On top of that, some NFT marketplaces let you earn royalties. So, if the original buyer then sells your creation on the secondary market, you\u2019re rewarded for it.<\/p>\n

But how do you actually create and sell NFTs? And how can digital creators take advantage of this new trend and make money with their NFT artwork?<\/p>\n

This step-by-step guide is covering everything you need to know to get your first sale.<\/p>\n

Steps To Create & Sell An NFT<\/h2>\n

The steps to creating an NFT \u2014 whether you do so with a static image file, gif, video or audio clip \u2014 are pretty straightfoward:<\/p>\n

    \n
  1. Choose an NFT marketplace<\/li>\n
  2. Get a compatible NFT wallet<\/li>\n
  3. Mint your NFT<\/li>\n
  4. List the NFT for sale<\/li>\n<\/ol>\n

    While the steps are simple, successfully selling an NFT isn\u2019t always easy. Let\u2019s take a closer look at what it takes with each of these steps.<\/p>\n

    Choose An NFT Marketplace<\/h3>\n

    If you have an NFT idea, the first step in creating one is choosing an NFT marketplace.<\/p>\n

    You can create NFTs without using a third-party marketplace. However, this requires more technical knowledge. So for most newbies, using an established and reputable platform is the way to get started.Just note that various NFT platforms are compatible with different blockchains. When choosing a platform, make sure it supports the blockchain you plan to use.<\/p>\n

    Here are some of the more popular NFT marketpalces that let you mint NFTs on different blockchains<\/a>.<\/p>\n

    Rarible: Ethereum, Flow, Tezos<\/h4>\n

    Rarible<\/a> is community-owned, but you don\u2019t need to use RARI token to participate. You can choose which blockchain you\u2019re interested in, based on what\u2019s available. Ethereum and Tezos are the main chains available on Rarible, but you can also use Flow.Rarible charges fees depending on the chain you use. There is a free minting option as well. In general, you\u2019re likely to pay the highest gas fees<\/a> when you use Ethereum versus the other blockchains.<\/p>\n

    OpenSea: Ethereum, Polygon<\/h4>\n

    OpenSea<\/a> is the largest NFT marketplace is the world, so it’s a natural choice for beginners looking to get into the space.<\/p>\n

    And with OpenSea, you can mint Ethereum<\/a> and Polygon<\/a>-based NFTs. You need to consider gas fees with OpenSea, although it\u2019s also possible to use a feature that allows you post your NFT to your profile for free while the buyer pays gas fees.On top of that, there is a creator fee of 2.5% of your sale, so keep that in mind when setting your NFT prices.<\/p>\n

    Holaplex: Solana<\/h4>\n

    Holaplex<\/a> is one of the most popular ways to mint and sell Solana NFTs<\/a>.<\/p>\n

     You have to connect a Solana wallet to your Holaplex account to create a store. But once you do, you can mint Solana NFTs and sell them to other people on the marketplace.<\/p>\n

    Minting fees fluctuate and are based on Solana network<\/a> congestion. But in general, the cost is usually lower than the gas fees on the Ethereum network.<\/p>\n

    Objkt: Tezos<\/h4>\n

    In addition to being a secondary marketplace, Objkt also lets you mint NFTs and store your collection. <\/p>\n

    The fee for successful sales is 2.5%. For those interested in Tezos as a blockchain, this can be a decent choice, although you can also use Rarible to mint NFTs on the Tezos chain.<\/p>\n

    Get A Compatible Wallet<\/h3>\n

    Once you decide where you want to mint and host your NFTs, you need to make sure you have a compatible wallet.<\/p>\n

    OpenSea is one of the easiest to use because it\u2019s compatible with just about any wallet that allows for ETH wallets. For example, you can connect both Trust Wallet<\/a> and Coinbase<\/a> Wallet to OpenSea.<\/p>\n

    \"OpenSea<\/span><\/p>\n

    For other NFT marketplaces, you need to make sure the wallet you have is compatible with your choice of blockchain. For example, if you want to use Objkt, you need a Tezos-compatible wallet like Spire, Kukai Wallet, AirGap Wallet or Umami.Similarly, to use Holaplex, Solana wallets<\/a> like Phantom or Solflare are your best bet.Before you get started, make sure you understand which wallets are compatible with the blockchain you want to use. Also pick a wallet that’s compatible with the NFT marketplace you’re using.<\/p>\n

    Mint Your NFT<\/h3>\n

    The next step in selling NFTs is to actually mint your NFT so you have something to sell.<\/p>\n

    This is where using an NFT marketplace is advantageous for beginners. All you have to do is upload your file to the NFT platform and pay any minting fees with funds from your connected wallet.<\/p>\n

    Most platforms can handle a variety of file types, including image, video and audio files. This means all you have to do is upload the digital artwork you’ve created to the marketplace to start creating your first NFT.<\/p>\n

    The video below from YouTube channel Kapwing walks through the process of creating an NFT from scratch on Rarible. This includes the steps from actually creating the NFT artwork to filling out the listing and pricing information on Rarible.<\/p>\n

    OpenSea also makes it relatively easy to mint an NFT and list it. Of course, you need some basic design skills if you’re selling digital artwork you’re creating.<\/p>\n

    But many popular NFTs aren’t more than some basic Photoshop work. And massive collections like VeeFriends<\/a> are just doodles, so artistic talent isn’t always a limiting factor for selling NFTs.<\/p>\n

    List The NFT For Sale<\/h3>\n

    The final step in selling NFTs is to set your price and actually list the NFT for sale. <\/p>\n

    Some platforms also allow bidding, so you can set a minimum amount you\u2019re willing to accept. Just like almost anything else, whether you end up selling your NFT depends on whether someone wants to buy it at the price it\u2019s listed.<\/p>\n

    Certain NFT marketplaces also let you run sales to entice buyers. And you can also try promoting your NFT or a collection of them on social media to find buyers.<\/p>\n

    Tips For Selling NFTs<\/h2>\n

    Like almost anything else for sale on the internet, you need to be able to market your NFT if you want to find success. <\/p>\n

    Thankfully, there are several tips creators can keep in mind to increase their odds of success.<\/p>\n

    Connect With Crypto Enthusiasts<\/h3>\n

    One of the simplest ways to market your NFTs is to connect with industry enthusiasts. After all, if you’re selling NFTs, you want to make sure you’re using the right marketplaces and are up-to-date with trends so you can appeal to more potential customers. <\/p>\n

    Two of the biggest places to connect with fellow crypto enthusiasts are:<\/p>\n