How to design and sell your NFT
Want to know how to create an NFT and sell it? As a possible way to sell their work, many artists are looking at the idea of turning their art into tokens that cannot be used to buy anything else. NFTs make it possible to sell art in a digital format by making it clear who owns an original digital asset. They can also give buyers access to new, active communities of interested buyers.
Although NFT work has been stolen or misissued and marketplaces have been hacked in recent months, non-fungible tokens are here to stay and are becoming increasingly important to artists. NFT collections are even starting to be displayed in real life in galleries.
Non-fungible means that something cannot be replaced or is unique. Non Fungible tokens, or NFTs, make easy-to-copy digital items rare and therefore valuable. They do this by creating a digital register on a blockchain that shows who owns the original file or item. Even rare ones can be the kind of image that is made into an NFT, such as images of rare plants. Let’s say you are a hobbyist and interested in finding rare plants. You can use apps like lily plant identifier app to capture and identify plant by leaf image of rare plants and then use the rarest ones to make NFTs.
To create and sell an NFT, the first thing you need to do is “mint” it. (We’re assuming you already have the artwork you want to turn into an NFT.) To make an NFT of your art, you’ll need to choose an NFT platform and a payment wallet. You need the wallet to pay the fees for the platform and to get paid if your NFT sells. However, there are many other options and we list some of them in the section below.
- Choose a digital wallet
You need cryptocurrency to create and sell an NFT. Most NFT auction platforms will require you to pay up front to “mine” an NFT, which is the process that turns your artwork into a non-fungible token that you can sell. Since ether (abbreviated to ETH) is the original cryptocurrency of the open source blockchain platform Ethereum, which is where NFTs were first created, it is the most widely accepted form of payment.
- Set up a digital wallet for your NFT payment
To create a digital wallet so you can pay an NFT platform to create and sell an NFT, let’s say you go to MetaMask’s website and click the blue “Download” button on the top right. We choose to install the browser extension since we are on a desktop computer, but there is also a mobile app.
You will be asked to confirm that you want to “create a new wallet and seed phrase.” Don’t worry too much about what a “seed phrase” is. It is just a list of words that contain information about the blockchain. Say “yes” and then all you have to do is agree to the terms, create a password and go through some security steps to set up your account.
- Put some crypto in your wallet
Once you set up your MetaMask wallet or any other digital wallet, you need to add some ETH to it. If you don’t already have ETH, you need to buy some now. Click “Buy” and select “Buy ETH with Wyre” to do this.
You will come to a screen where you can buy ETH with either Apple Pay or a debit card. Note that you don’t need to do this step until later if you don’t want to spend money yet. It just requires a bit more work (you need to check the fees of your chosen NFT platform to know how much you need to buy).
- Connect your wallet to an NFT platform
The way most digital wallets work is largely the same. Whichever you choose, you need to connect it to the NFT platform you will be using to sell NFT.
- You can turn a file into an NFT by uploading it
So now that you have a wallet with ETH connected, you are ready to create and sell an NFT. Click the blue “Create” button at the top right of the Rarible website. You will then be able to choose whether you want to do a one-off job or sell the same job more than once. Again, you can choose existing photos or go with new ones. As mentioned above, you can select images of rare plants using Lily as rare plants give unique NFTs.
- Put your NFT up for auction
In the next part of the form, you choose how to sell the NFT artwork. You can do one of three things. With “Fixed Price” you can set a price and sell your NFT right away, similar to eBay’s “Buy it Now” option. If you choose “Unlimited Auction”, people can keep bidding until you accept one. Finally, a “timed auction” is an auction that ends after a certain amount of time.
- Add a description to your NFT to get it sold
Now you can give the entry a title and a description. Take the time to think about this if you want your NFT to sell as much as possible. You will then be asked to decide how much of the royalties you would like to receive if your art is sold again in the future.
Again, this is a balancing act. A higher percentage will make you more money per sale in the long run, but it will also discourage people from reselling your art in the first place because they won’t be able to make as much money for themselves. Finally, there is a field where you can add the properties of your file if you want. After doing that, you are almost done.
- Pay the fee to put your NFT on the market
Click “Create Item” to complete the tutorial on how to create and sell an NFT. You will then be asked to connect to your wallet to pay the listing fee. Don’t worry if you don’t have enough money in your wallet. You don’t need to start over. Just click on the wallet icon at the top right of the screen and you can add money directly from Rarible.
The NFT platform is already the present and the future of the digital world. Trading NFTs can make you popular as well as rich if you do it right.
