To create and sell NFT you don’t need A reputation as an artist, it’s not a must criteria.
However, some requirements must be met to create and sell your own NFTs. A prerequisite is that you hold ownership rights to the artwork you intend to sell in the form of an NFT. Otherwise, buyers would be misled. However, the NFT portals usually will not check this because the control would be very time-consuming.
Do you want to create and sell an NFT yourself? No problem. Just follow this guide.
What can you do for the NFT?
Of course, before you start the tutorial oh how to create and sell NFT, you’ll need something that converts to an NFT (Non-Fungible Token). This can be digital artwork, a video, or a song. Theoretically, you could also tokenize tangible assets and trade them as NFTs, but this is still relatively uncommon.
You must be the author or owner of the rights to the item to be sold. You can’t just take a meme or an image from the internet and turn that into an NFT. In the first instance, you have to be creative yourself.
4 Steps To Create and Sell NFT
Step 1: Create a wallet
To create and sell NFTs, you need cryptocurrency. This, in turn, can only be stored digitally. That means you need the wallet first. There are different providers for different currencies. However, since the major trading platforms are usually based on the Ethereum blockchain, you also need the corresponding cash: ETH. You can read about which wallets come into question on the ethereum.org page. There is a handy wallet finder there.
In addition, you can check which wallets are compatible with the service on the major trading platforms. By the way, the wallets only serve to interact with your crypto account. You can therefore switch providers quite easily.
Note: Each blockchain has its own NFT standards. If you create an NFT artwork on the Ethereum blockchain, you can only offer it on platforms that support Ethereum. Alternatives to Ethereum are, for example, Binance Smart Chain, Polkadot, Tron, or Tezos. It is not a problem to offer an NFT on multiple blockchains.
Step 2: Buy Cryptocurrency
Now that you have decided on a currency and a wallet, you must buy the corresponding currency. This is usually possible directly from the wallet application. Depending on the provider, there are different payment methods to choose from. This step is necessary because the trading platforms charge fees for creating the NFTs. An amount of around $100 should be enough to start with.
Step 3: Connect the wallet to the sales platform
The next step is to decide on a trading venue for your NFT work. There are now a variety of providers; the largest include Rarible and OpenSea. You will find the Create or Connect Wallet function on both platforms. You have to select your corresponding wallet and then establish the connection by scanning a QR code.
Create and sell NFT
Now we come to the exciting part of the tutorial: creating NFTs. In principle, the process is straightforward. You must first upload your work (image, song, video) in a suitable file format to the respective marketplace. For example, the following forms are accepted on Rarible: PNG, GIF, WEBP, MP4, or MP3.
You can then specify the details of the sale. So whether it is an auction or a fixed-price sale. In addition, you can set royalties. That means you get a percentage of the selling price every time the artwork sells. When you are done with the specifications, click ” Create,” and your artwork will be uploaded.
Now you can sell your NFT. However, it is not necessary to offer the NFTs for sale. You can also create them and upload them to your virtual gallery without any intention of selling them. Incidentally, NFTs are not tied to the platform you create them on. The NFT is on the respective blockchain and can be offered via various media.