How to do an NFT: a simple step-by-step guide


Forward-looking brands are now using NFTs as part of their marketing strategies and the results are impressive.

In March 2021, Charmin, the American toilet paper brand, has published several toilet paper NFTs on Rarible, an NFT marketplace. The highest bidder offered over $ 2000 for one of the arts the same month.

Taco Bell, the fast food chain, also sold its entire NFT “Transformative Taco” collection on Rarible within half an hour.

With other big brands like Asics, Adidas, Team GB, Coca-Cola and Nike After diving into the NFT space, knowing how to do an NFT becomes a necessity rather than an asset for the modern business.

Most popular NFTs in 2021

DFTs are not new. The very first NFT, Quantum, was established in 2014. The NFT trend accelerated in 2021, with Quantum finally selling at $ 1.4 million in June 2021.

The biggest NFT sale to date was in December 2021, where acclaimed artist Pak made $ 91.8 million for his work, “The Merge.”

Beeple, another established artist, also made headlines in March 2021 after winning $ 69 million at Christie’s auction for his collection of 5,000 digital images.

Bored Monkey Yacht Club, The sandbox, and CryptoPunks at the top of the list of most Popular NFTs by sales volumes in the first week of December 2021.

What is an NFT and why spend millions on NFT?

NFT is an acronym for Non-Fungible Token, which means that an NFT is unique and not interchangeable with other tokens, unlike other cryptocurrencies.

NFTs are digital assets that you can sell on a blockchain. Common NFT assets include images, music, audio, videos, and collectibles.

Buyers use cryptography supported on a blockchain to purchase NFTs. For example, on the Ethereum blockchain, buyers can use Ethereum tokens to make a purchase.

Some NFT buyers are motivated to spend millions to enjoy the prestige of owning original works created by people and brands they admire. Others cling to items they believe will be worth more in the future.

Why should you learn to do an NFT?

NFTs can protect your business against business losses like the infamous $ 31 million coupon fraud. These tokens have unique identification codes, which makes them tamper-proof. Brands are now turning to NFT loyalty cards and promotional and discount codes instead of traditional codes.

You can also create NFTs and use the product to:

  • Raise funds for charity
  • Create brand awareness and increase customer engagement
  • Secure financing for expansion instead of taking an expensive bank loan

How to create an NFT art

You don’t need deep knowledge of cryptography. Here’s how to create NFT art:

1. Decide what you want to create and your business goal

If you don’t know where to start, you can start by creating an NFT loyalty card or even a promotional code for your customers. You can also borrow some NFT art ideas for inspiration.

Focus on delivering real benefits to your audience. A good example is to give those who have your NFT access rights an exclusive club or a premium service.

If you can’t make your own art, hire a freelance writer to create a work of art for you.

2. Choose a blockchain for your NFT

The most common blockchain for NFTs is Ethereum. Other popular blockchains that hold NFTs are Binance Smart Chain, Tron, Tezos, Polkadot, EOS, Litecoin, and Cosmos.

Some factors to consider before choosing a blockchain are:

  • Transaction fees on a blockchain
  • The types of cryptocurrencies your audience owns since these are your target buyers

3. Sign up for a crypto wallet

Each blockchain comes with a different NFT token standard that determines which wallet will be compatible. Ethereum NFT token standard is ETH-721, while Binance Smart Chain’s is BEP-721.

With ETH-721, you can sign up for multiple wallets, including Coinbase, MetaMask, and Trust Wallets. For Binance Smart Chain, you can use wallets like MetaMask and Binance Chain Wallet.

4. Reload your crypto wallet

When you create an NFT, you may need to pay transaction fees, commonly known as “gas” on the Ethereum blockchain. Load your wallet with supported crypto to cover these costs.

If you are using the Coinbase wallet, you can buy cryptos on Coinbase. Otherwise, buy cryptos on exchange platforms such as Binance.US, Kraken, and Gemini.

At OpenSea, one of the largest NFT marketplaces, you will pay one-time registration and contract approval fees. The platform does not charge you to create an NFT collection and put it up for sale.

The transaction costs will depend on your NFT blockchain. Fees on the Ethereum blockchain are usually high due to the number of people doing transactions. Transact on weekends or choose a less crowded blockchain like Polkadot to save gas.

5. Choose an appropriate NFT marketplace

EThere are different markets where you can upload your art and create an NFT.

Peas, for example, supplies the Xeno NFT hub market.

Tezos works in different markets including Rarible, Bazaar market, and OneOf.

Ethereum NFT markets include OpenSea, Mintable, and Rarible.

  1. Connect your portfolio to your NFT marketplace and upload your art

Using the OpenSea Market As an example, here’s how to create NFT art:

  • Choose your wallet and connect it

After clicking on the profile icon, you will receive a prompt to connect your wallet as shown in the image below:

Choose your wallet from the list and connect it.

  • Log in and customize your profile

Once you have connected your wallet, your default ‘unnamed’ name will appear on the left of your screen with your wallet address below, as shown below:

Click “Login” on your right to update your profile by changing your username, email, image and biography.

Once you have signed In, it’s time to add your NFT to the market. Click on the “Create” button to add a new collection.

  • Upload a file, name it and add a description

Once you click on “create” you will be taken to a page where you can upload a file, name it and add a description. OpenSea requires you to download format specific NFT.

Source: OpenSea Supportt

You can control various aspects of your NFT, such as how many copies you can mint, your preferred blockchain, and whether you want to sell at a fixed price or participate in an auction.

After having personalized your NFT, click on “Create” and your NFT will be uploaded.

Source: OpenSea Supportt

You are now ready to start the process of sell your TVN!

DTVs are the future of small businesses looking for growth

Creating NFT art opens your business to growth opportunities.

You can make endless money from your art thanks to TVN fees and fundraise for causes that are important to your business.

NFTs also protect your business against cash loss through means such as counterfeit coupons.

The world of NFTs is only limited by your creativity.

Follow the steps above to create an NFT and start creating winning NFTs today!

Image: Depositphotos


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