Let’s have a look at the fundamentals of making your own NFTs in 2022. Remember that this isn’t intended to be a comprehensive guide. Depending on the tools you use, there are several methods to do this, so consider these principles as a starting point.
6 Easy Steps to Making Your Own NFTs in 2022
Step 1: Choose The Type Of NFT You Want To Make
You have a lot of alternatives when it comes to which form of NFT you want to make. Artwork, event tickets, memes, movies and music, games, virtual products, and more are among your options. You can even make an NFT for real-world objects, such as pricey collector figures or a celebrity-signed photo.
They are most often in the form of a picture, music, or video file, such as JPG, PNG, MP4, MOV, and similar formats.
You won’t necessarily require a developer if you want to construct a simple NFT. However, if your NFT is a more complicated item, such as a game, or contains a complicated smart contract (selling conditions), you may require the assistance of a developer.
Consider how you can provide value to your audience while creating your first NFT. Create a loyalty card or an exclusive promo code if you already have a business. You can also commission bespoke artwork from an artist.
Step 2: Select An NFT Marketplace
There are a plethora of NFT marketplaces to chose from when it comes to minting your piece. Each NFT marketplace has its own set of advantages and disadvantages for vendors, so do your homework before making a decision. OpenSea, Rarible, and SolSea are three of the most popular.
New makers will find it easier to enter the field of NFTs thanks to these platforms. Some, such as OpenSea and Rarible, require you to authenticate or write your NFT to the blockchain, while others, such as OpenSea and Rarible, allow for “shortcuts” such as lazy minting. You can avoid some fees by selling your NFT without writing it to the blockchain, then passing that fee on to your buyer if it’s accepted.
Fees, also known as “gas,” are one of the most significant factors for newcomers. Depending on how you want to mint and sell your NFT, each marketplace has its own set of costs. OpenSea, for example, charges a fee to set up your account, which might cost up to $100 in some situations.
Step 3: Create A Cryptocurrency Wallet
The next step is to establish a digital wallet to keep your bitcoins and NFTs in. When choosing a wallet, make sure it’s compatible with the blockchain and NFT marketplace you’ll be using to mint your NFTs.
Despite the fact that there are other crypto wallets available, the MetaMask browser extension wallet is used by the majority of NFT producers. This wallet is simple to set up and links to the majority of blockchains that are used to manufacture and trade NFTs, such as Ethereum and Binance Smart Chain. Enjin, AlphaWallet, and Trust Wallet are three other popular wallets.
Note that most NFT wallets are browser-based, which means they’re only as secure as the browser application they’re using. A hardware wallet, such as the Ledger Nano X, is recommended for optimal security. Hardware wallets keep your private keys off the internet and can be used to manage a variety of coins and NFT assets on blockchains.
Step 4: Use A Cryptocurrency Exchange To Purchase Cryptocurrency
After you’ve created a wallet, you’ll need to purchase some cryptocurrency in order to pay for the gas used to mint your NFTs. Creating an account with a reputable exchange, like as Binance, Kraken, or Crypto.com, is the ideal way to achieve this. The procedure is straightforward and may be accomplished using only your smartphone.
You may log in and buy cryptocurrencies now that you have an account. Depending on which blockchain you wish to mint NFTs on, you’ll need to buy Ethereum (ETH) or Solana (SOL) tokens. After that, transfer your bitcoin to the wallet you created earlier.
To transfer funds from an exchange to your cryptocurrency wallet, follow these steps:
To use the exchange, you must first log in.
In the top or bottom menu, select the Wallets tab.
Select the appropriate currency by tapping Withdraw.
In the Address field, type your wallet address.
Select the appropriate network (ERC-20 for ETH, Solana for SOL).
Enter the desired amount and press the Withdraw button.
Step 5: Mint By Connecting Your Wallet To The NFT Platform
You’ll need to connect your wallet to the NFT platform you’ll use to create your digital asset after topping it up. Let us walk you through the stages (we’ll use the online marketplace Rarible as an example).
Click the Connect wallet button in the right-hand corner of Rarible.com.
Choose your digital wallet (for example, MetaMask) and provide Rarible access to your accounts.
Accept the platform’s terms of service and confirm your age by clicking Connect.
Return to Rarible’s main page and click the blue Create button in the top right corner.
Choose whether to make a single digital duplicate of your NFT or numerous copies to sell the same item more than once.
To mint an NFT, you’ll have to upload the digital file you want to mint.
The next step is to decide how you wish to sell your NFT file. It is not necessary to sell the asset while it is being created. After minting it, you can put it on sale and set a minimum price.
Choose whether to provide a full high-resolution version of your NFT or to include unlocked content via a hidden download link or webpage.
For the NFT, select Rarible as the collection.
Give your NFT art a title and a description.
Set a proportion of royalties for secondary sales that you want to receive.
Set the attributes of your file, such as color and size in pixels.
Create an item by clicking the Create button.
In your crypto wallet, approve the transaction (pay the gas fees).
Confirm > Upload the file and the Mint token.
Check your wallet for contract integration (a small gas fee will be charged for creating the smart contract).
Sign a sell order in your wallet by clicking Sign.
And that’s it. Your NFT is now minted. To find the created NFT, click on Profile > My Items. Your NFT collectibles pop up on your screen.
You’re not as far away from your own NFTs as you imagine.
It can appear unduly hard or impossible to enter into the NFT business when you first hear about it. It is, nevertheless, more doable than it appears with some extensive research, perseverance, and innovation.
Who knows, if you play your cards well, you might one day be a member of the million-dollar NFT club!
Frequently Asked Questions
How much does minting an NFT cost?
The price of minting an NFT fluctuates a lot based on petrol prices and site fees. To secure a token on the Ethereum blockchain, for example, you can expect to pay about $70. The average site charge is roughly $300, while some sites offer free NFT listings.
Is it possible to mint an NFT for free?
If the NFT platform you chose enables lazy minting, it’s doable. This method creates metadata for an NFT without actually establishing a token for the NFT. When someone buys that NFT, it is officially minted, and the buyer is responsible for the gas fee. Keep in mind that fees may surprise those attempting to purchase your creations.
So while you get to avoid minting fees, you might end up paying in terms of missed sales and portfolio opportunities.
