Are you wondering here and there to learn how to create and sell NFTs? Do you want to make money by selling NFTs? If yes, then you have reached the right place. With the news worldwide about people making millions by selling it, it is evident for a person to think of it this way.
Even though we have seen security breaches with these Token, they are still there. One of the reasons for its popularity is famous people. These Tokens are easily copiable, so it is essential to register them with blockchain.
As a result, more and more people have started believing. Before you learn how to create and sell NFTs, I want you to understand some important topics like the marketplace to sell NFTs, fee structure, the things required, etc.
What are NFTs?
Non-Fungible Tokens are assets anybody can sell and buy just like any other. Unlike typical assets, these are digital assets. If you are reading this article, you already have some understanding of NFTs.
Although most people know about these digital assets, they need to understand them deeply. For instance, most people confuse these digital assets with images only. Whereas in reality, NFTs are much more than that.
People can trade these tokens just like other assets in exchange for money, crypto, or other NFTs. People can even exchange videos and music as NFTs. It is surprising, right? Because most people don’t know about it.
How can you create one for yourself and sell it? You will get to know everything, so keep reading till the end.
How to Create and Sell NFTs?
Before you dive into making and selling these non-fungible assets, you require a marketplace and a wallet. Open Sea, Rarible, and Super Rare are some popular NFT marketplaces.
Choose Your Wallet
On the other hand, If we talk about wallets. Metamask is a popular digital wallet, and you can use it. This is to make you understand wallets. You can use other wallets of your choice too.
Metamask is the place where you will receive your profits. Moreover, these can be stored in digital as well as physical wallets.
There are two ways you can create your crypto wallet. The first way is to make it with the help of using an application. If you are an iOS user, you can download it from the App store. Whereas in Android, you can download it from the google play store.
It is essential to connect your NFT to the exchange. You need to pay a fee to the platform for selling your tokens. This fee is known as the gas fee in the non-fungible tokens industry.
After these assets became popular among users, the gas fee increased. It changes over time depending upon the crypto usage. However, some platforms don’t charge or charge the gas fee. Instead of charging a gas fee to the creator, the platforms add the fee to the buying price. This way, you don’t have to pay the gas fee.
How to Connect the Exchange With Your Wallet?
Step 1 – First of all, create an account at the exchange. For example, we are using the Open Sea here.
Step 2 – It will redirect you to a login page. You have to log in. You can also do that if you want to log in through a mobile application.
If you want to log in through a mobile application, you can do that too.
Now you have your account ready, let’s see the NFT-making process.
How to Add NFT to Your Wallet?
- Go to my collections
- Add a token(can be an image, video, music, etc).
- Fill in the required information such as logo, banner, website(if you have one), token description, etc.
- Set the price for your asset. I can be fixed or time bounded.
Hurray! Your account is ready to sell and buy tokens.
How to Avoid Your NFT From Being Copied?
Now we know what NFTs are. It is essential to learn how to keep your Token away from people who copy it. Because anybody can copy it just like the other arts, you need to make it unique.
Even cryptocurrencies are tokens. These assets are tokenized to avoid this issue. As a result, each Token is assigned a unique identification code. This identification code helps it distinguish itself from others.
Final Thoughts on Creating and Selling NFTs.
Since the launch of bitcoin in 2009, the technology world has changed. We are seeing something that we have never imagined. After this asset class launch, our view of looking at assets changed forever.
Since then, more and more coins have been launched. Meme coins and tokens such as Dogecoin and Shiba Inu created ordinary people’s interest in the market. As a result, even general people become familiar with these digital assets.
Cryptocurrencies made NFTs easy to understand for ordinary people. As people were already familiar with digital assets, they understood these non-fungible tokens.
Overall, these non-fungible tokens are just the modern version of assets. Earlier, we used to create valuable art and then sell it. Now it also has a digital form. That’s all about making and selling non-fungible tokens. I hope you enjoyed reading it.