how to create and sell nft

On the right side of the screen, a small window for ‘MetaMask’ will open. Go to opensea.io and go to the ‘Profile’ option in the top-right corner of the window and select ‘Profile’ from the menu. The other case is that you’re looking to create and sell an NFT on OpenSea.

Creating a Wallet on MetaMask

Most NFT marketplaces have format restrictions, like limiting NFTs to 100MB, for example. If your work is complex and detailed, JPEG is better than PNG since it’s designed for compression. PNG is better if you want to maintain NFT image quality since it uses a lossless compression algorithm, and MP4 has smaller file sizes than AVI, making it better for advanced excel skills what are they and how to become advanced excel user video content.

Making your own NFT, whether it be a GIF or an image, is a relatively straightforward process and doesn’t require extensive knowledge of the crypto industry. NFT artwork can also be used to create collectibles like sets of digital trading cards. Good NFTs include World of Women and the many Ukraine conflict NFTs that are helping to raise funds for charities such as Doctors Without Borders. Some of the most popular NFT auction platforms include OpenSea, Rarible, SuperRare, Nifty Gateway, Foundation, VIV3, BakerySwap, Axie Marketplace and NFT ShowRoom.

how to create and sell nft

Popular NFT examples

  • Wallets are used to engage with decentralised networks such as OpenSea.
  • Learn how to get started in the world of crypto art with our step-by-step guide to creating and minting your first NFT.
  • No matter which wallet you are using, the next step is roughly the same.
  • Now that we have the marketplace functionality implemented, let’s build the profile page where users can view their owned packs and NFT cards.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now. Click on the “Add New Item” button (blue) and sign another message using your wallet. Once you’ve assigned an image for your collection, it will appear as shown below (blue). You’ll then need to add a banner image to the page by clicking on the pencil icon in the top right corner (red). Here’s how the process works on OpenSea, currently the largest Ethereum-based NFT marketplace.

This is the charge you need to pay on the Ethereum blockchain to perform a function, which includes the case of creating (minting) an NFT. Gas fees are measured in gwei, and they can go up and down depending on how heavy the use of the blockchain is. To illustrate, we’ve created an ironically awful piece of art, inspired by David Hockney’s controversial London Underground art. Upload your (hopefully much better) digital file, and on the right, you’ll see a preview of what your NFT post will look like.

Astonishingly, the highest bid for one of these unusual art pieces was more than $2000, all within a short period, demonstrating the potential value and interest in these tokens. Forward-thinking and top 10 cryptocurrency news outlets innovative brands are increasingly integrating NFTs, or non-fungible tokens, into their marketing strategies and are witnessing impressive results. Several other blockchains support NFTs, each with its own community and decentralized apps (dApps) for creators and NFT owners. Once all the actions are completed and you confirm the listing of the NFT by signing from your wallet, your NFT will be listed and you’ll get a confirmation pop-up. The first charge has only to be paid once while the other has to be paid once for an NFT collection not minted on OpenSea.

Another huge advantage of minting your artwork as an NFT is the new market it opens up. The creators get a portion of the sale price every time these apes change hands. Considering the floor price now is around 40 ETH (around $137,000), it’s no wonder everyone wants to get involved. If you decide to make a simple NFT, you won’t necessarily need a developer.

What do people do with NFTs after they buy them?

There are currently very few restrictions as to what kind of content can be “tokenized” and turned into an NFT. The process of turning your work into an NFT is known as “minting” which refers to the act of creating a new token on the Blockchain that will forever be attached to that content. When an artist mints a new NFT, they attach a built-in commision (usually 10-30%) that they will receive any time that work is resold in the future. VIV3, for example, is a Flow blockchain marketplace and only accepts FLOW tokens. Pack and art drops are becoming increasingly common as a method for selling scarce NFTs to an audience of hungry buyers. These drops normally require users to sign up and fund their accounts beforehand so that they don’t miss out on the opportunity to purchase NFTs when they drop.

They purchase and hold on to these unique tokens in the belief that their value will increase over time, potentially leading to significant future profits. Bored Ape Yacht Club, The Sandbox, and CryptoPunks ranked at the top of the list for the most popular NFTs based on sales volumes during a recent period. This blockchain will keep a permanent record of it, so it’s 5 reasons to invest in ethereum important to choose the one that fits your requirements.

Some collectors simply hold them, some try to flip them – that is immediately sell them on for a profit. But NFT art can also be treated like any other art and put on display. You’re left having to take the risk and wait and see how much you get charged overall if you make a sale, and to hope that you still come out with a profit. If you do fancy taking a punt and throwing some money into making NFT art, though, we wish you the best of luck. We’d love to hear about how you get on via Twitter at @creativebloq or Instagram at @creativebloqofficial.

Choose an appropriate NFT marketplace

You can either sell the item for a fixed price or have a timed auction. If you’re a creator and want to create and sell your NFT on OpenSea, minting one on the platform is very easy. Before creating your first NFT, create the collection of which the NFT will be a part. The wallet will be connected, and your account will be created on OpenSea by the default name ‘Unnamed’. You can leave it as it is and other users on the market will only be able to identify you using your wallet address.