How to Create and Sell NFTs: A Step-by-Step Guide for Beginners
The creators’ economy is witnessing a major shift with the inception of non-fungible tokens, or NFTs, as they are commonly called. Notably, NFTs enable creators to tokenize and commercialize their digital assets while eliminating middleman interference during transactions.
Not only have NFTs made commercializing digital assets easier, but they also make their ownership easily provable and transferable by encrypting each digital asset with a unique identification key and metadata that distinguishes one from another.
With these benefits easily accessible, there is a growing interest in NFTs, particularly among creators who are continuously seeking information on how to easily create and sell NFTs. If you fit into this description, look no further because this article will show you exactly how to make and market NFTs.
However, before we go on to dish out the steps, it is equally important to keep in mind that there are some attributes to consider when choosing a platform for creating NFTs.
Particularly, the transaction speed, computational requirements, transaction cost, smart contracts compatibility, forking potential, and security of the host blockchain must be considered when choosing a platform to create and sell NFTs.
In a previous publication, we discussed the importance of the aforementioned attributes and why they matter when choosing a platform for NFT development. Find out more via the link below.
Top 10 Blockchain Networks for NFT Development
Each NFT marketplace has its unique approach to creating and selling NFTs; however, some basic fundamental knowledge is applicable across the board.
1. Create a Digital File
You may have heard that anything can be turned into an NFT, which is completely true. However, before converting them to NFTs, one must first create a digital copy of the object in question, be it a physical structure, a flying object, or a moving stream. If the thing you want to convert is already in digital format, you won’t have any trouble; if not, you might need to take a picture of it or record it if it’s a sound or in motion.
2. Create a Digital Wallet
To create an NFT, you will need some cryptocurrency, necessitating the creation of a digital wallet where you can store it. However, beyond the storage of cryptocurrency, this digital wallet is also required when setting up an account on your preferred choice of NFT platform, as it will also be required to store your NFT collection and purchases.
Also, when creating a digital wallet, it is vital to ensure that your choice of a digital wallet supports the accepted cryptocurrency on the NFT platform.
