NFTL;DR | How to create an NFT under 400 words
Looking to sell your work as an NFT? Whether you are an artist, musician or photographer, the NFT world is ready to welcome your creations with open arms. Since NFTs are essentially digital files given scarcity (and therefore value) via the blockchain, almost everything NFT lands. Art, music, GIFs and even items in a video game; All of these will be sold as fair game NFTs
Here’s a quick overview of what you need to do to get started.
First off, once you’ve decided what To sell, what comes next is where Specifically to sell it, on which blockchain you want to offer your new contribution to Web3. Most NFT artists choose Ethereum, but options such as Tejos and Solana exist for eco-conscious people for other reasons.
There are many factors that go into choosing the right blockchain for your project. Fortunately, we’ve prepared a comprehensive guide to the most notable ones in space The blockchain you choose will also play a role in your next step, which is choosing the right one NFT Marketplace For your work.
Unfortunately, setting up your NFT on a marketplace is not free. If you haven’t already done so, you will first need to set up a crypto wallet to pay your initial fee. At OpenSea – by far the largest NFT marketplace online – new users have to pay two fees when setting up an account. First there is a fee to set up your account, which ranges from $70 to $300. There is a small fee for later enabling access to your account, which tops out at $30.
Still with us? Once you have that sorted, your next step is to decide how to sell your NFT. For a single piece, you can sell it individually, or as part of a limited or open edition set.
The last step is to mint your NFT. This is when you officially inscribe your work on the blockchain, enabling other users to buy it. This could potentially lead to additional costs on your part in the form of gas fees. At OpenSea, you have the option to pay gas fees only when your first sale is completed. Unfortunately, there’s no way to avoid setup fees, but the potential profits are truly limitless.
Want to know everything about NFTs? Check out our comprehensive guide. Prefer to explain key points in under 400 words? Check out other articles in our NFTL;DR series:
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