A Beginner’s Guide on How to Create an NFT
Are you new to the world of virtual reality and NFTs? Do you know how to create an NFT? For a beginner, learn how to create one!
You probably haven’t heard of Mike Winkelmann.
But in 2021 he made history as one of the greatest artists of our time. Otherwise known as Beeple, Winklemann is the first artist to produce a digital artwork auctioned off at Christie’s for over $69 million. The artwork was also the first digital piece to offer a Non-fungible token (NFT) to guarantee its authenticity.
This sale cemented the NFT as an art form that’s making waves and is here to stay. So how can you get on the trend? Keep reading for your beginners guide on how to create an NFT.
NFTs: How Do They Work
Non-fungible tokens are unique digital artworks that come in the form of cryptographic assets on the blockchain.
The Non-fungible token isn’t really the artwork itself, but rather a guarantee of its complete authenticity. NFTs can come in any form, from digital paintings to memes, gaming characters, and even GIFs.
NFTs are a part of the Ethereum blockchain, which essentially means that they are like bitcoin, but entirely unique. They’re traded the same way through transactions made and logged on several computers across a peer-to-peer network. Think of them as really valuable and unique baseball cards, but traded in a virtual world.
The great thing is, anyone can make one! You may not be able to sell it for $69 million, but there are platforms popping up which help beginners create, authenticate and share their work. So let’s take a look at the steps that go into making an NFT.
Create an NFT or Decide on a Piece
NFTs are widely known as visual pieces, like gaming characters or illustrations. But they can be anything, really. Unfortunately, we aren’t all famous enough to be able to sell our first tweet as an NFT.
Some good NFT ideas are digital artworks or illustrations that you’ve created and are completely unique.
Minting Your NFT
“Minting” refers to the process of actually authenticating your NFT and deciding on a blockchain through which you can sell it. The most popular NFT blockchain is Ethereum, but there are other options.
If you’re just starting out, it’s highly recommended that you find a beginner-friendly site that will help you create and mint your NFT.
Get a Digital Wallet
Because NFTs are traded like bitcoin, you’re going to need a medium through which the trade can take place. This is called a digital wallet. It’s an online system that stores and facilitates digital transactions, and you can’t really make an NFT without one.
Digital wallets are a compact, easy solution to keeping your finances digital and mobile, so while you’ll need one for your NFT, it’s a good idea to have one anyway.
Choose Your Trading Platform
Now that you’ve gone through the minting process, it’s time to share your NFT on a digital platform. Different platforms provide different ways of selling your piece. These might include selling at a fixed price or putting your work up for auction.
Again, it’s best to get comfortable with the concept of NFTs before diving into the deep end and selling them for double digits. Again, do some research into beginner’s NFT sites and decide from there. Always make sure that you weigh up the cost of minting your NFT and the price you’re going to sell it for to avoid making a loss.
Making and selling your first NFT can be an exciting process. This is as long as you know the ins and outs of how to create an NFT successfully. If you’re an NFT newbie, we’ve got all the information and tools you’ll need when starting out. These include a platform to sell your pieces and take virtual seminars on NFT success, so connect today!