New technologies offer us hundreds of possibilities, among them, those of create an NFT that we can then sell. Believe it or not, this can be an interesting source of income.
Although it seems somewhat complex, the truth is that it is not that complex. Today we are going to explain how to make an NFT step by step and how you can proceed to market it. Pay attention, because you could be facing your new business project.
Table of Contents
What is an NFT?
Let's start with the basics. These acronyms refer to Non-Fungible Tokens, Non-Fungible Tokens if we translate it into Spanish. Each of these tokens in one piece or single digital unit which represents the intellectual property and certifies the authenticity of a digital file, which can be a video, a work of art, a meme, and even a tweet.
The NFT It is based on blockchain technology But, unlike cryptocurrencies, each file of this type is unique and cannot be exchanged for another equivalent unit because there is none.
Blockchain technology is what provides us with security, because all the information related to the NFT is stored in a block chain that cannot be altered or duplicated.
Creating NFTs is something that arouses more and more curiosity, because this product is becoming very popular in the world of digital art, and there is already a large market of collectors.
How to create NFT from scratch
The curious thing about this way of creating artistic or leisure products is that the first thing you need is to have everything ready to start selling them. Don't worry, although it may sound complicated, you can do it in a few simple steps.
Choose an NFT platform
There are many platforms specialized in the creation and sale of this type of digital assets. As an example, we can recommend OpenSea and Rarible, but it's best to explore a little on your own.
Check how each platform works and what it offers you, consult with other users, so you can choose the most suitable one for you. However, if you make a mistake, no problem, because you can always go to another one.
Create a cryptocurrency wallet
If you don't have one yet, now is the time to create a cryptocurrency wallet, because you will need it to receive and manage the profits you make with your NFTs. Since these are digital assets, they also The money you are going to receive for them is digital.
There are many options to choose from, but Ethereum It is one of the most used when it comes to working with Non-Fungible Tokens.
Prepare your digital asset
To create an NFT you are going to have to use your creativity. Create a digital file that is unique, quality, and attractive enough to arouse public interest.
The content can be a song, a video, an image... The essential thing is that it has a compatible format so that the buyer can access it and listen to or see it.
Connect your wallet
You now have the foundation for your NFT and everything you need to sell it, so it's time to move forward. Now connect your cryptocurrency wallet to the NFT platform you have decided to work with.
Thus, Transactions will be done automatically if you manage to make a sale, and your profits will go directly to your wallet.
Create your NFT
In the next step you are going to convert that digital file that you created before into an NFT. This is done through the platform you have chosen to work with. Normally, they are quite easy to handle and are intuitive to use.
You will start uploading your file and then you can add details, metadata, establish a description and determine what type of license on the NFT you are going to grant to whoever pays for it.
A good way to turn your NFT into a source of passive income is to establish royalties on it. This is an option that is available on many platforms and that guarantees you income for the future.
Through royalties, if one of your NFTs is later transferred by its owner to another person, you will earn money from it, and so on every time the product changes hands.
Pay the fees
Creating NFTs has associated costs. It is normal for specialized platforms to charge you for some of their services, especially those related to file creation and transactions.
These fees must be paid in cryptocurrency, so make sure you have enough in your wallet before you start working or you will not be able to move forward with your project.
Mint your NFT
Given all the previous steps, the time comes when the platform mint your NFT on the blockchain block chain. That is to say creates a single, immutable record. Your work is already created, it cannot be copied, and you you can prove that you are the owner of it.
put it up for sale
If you have followed the steps we have indicated so far, you now have your NFT ready to start generating money. Now you just have to put it for sale or at auction through the platform you choose.
Tips for selling your NFTs
As soon as you have performed the operations we have seen a couple of times, you will be an expert at creating NFTs. And you will see that the most complicated thing can be making a name for yourself and being able to sell the assets created. Therefore, here are some tips to attract more sales:
- Asset quality. Rush is not a good companion when it comes to being creative. Spend the necessary time on each NFT and make sure it is of the highest quality.
- Research the market. Take a look at the products that are in fashion, those that sell the most and those that have a higher price.
- Metadata and description. Provide as detailed a description as possible of your NFT to resolve doubts and capture the interest of potential customers.
- Participate in specialized communities. Get marketing, make yourself and your works known.
Creating NFTs can be just a hobby, an extra source of income, or become your way of life. With the steps we have seen, you are ready to start this new adventure. Can you tell us your experience?