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How To Create an NFT [in 5 Steps]

How to create an NFT NFT 101

If you are wondering how to create an NFT (non-fungible token), you are at the right place. NFTs appear as a crypto token that is unique and cannot be replaced with another one unlike fungible tokens like Bitcoin and Ethereum.

Are you curious to know how to create an NFT? Then worry-less, the answer to this question may surprise you. With some simple steps which we will discuss in this article, it becomes possible to generate new tokens. For those interested in business but don’t know where to start, here’s an opportunity you don’t have to miss.

Introduction of NFTs

NFT is a relatively new idea that has entered the crypto world. Moreover, it is a cryptographically unique token that utilizes blockchain technology. Using blockchain makes it difficult for intruders to duplicate NFT. In other words, each one of NFT can be tracked and identified by its own ID.

This type of token was first named in 2015 in an Ethereum Request for Comment (ERC) offered as a “non-fungible token standard” was proposed as a solution to many issues with non-fungible tokens such as uniqueness, scarcity, and ability to trade. 

The initiation of non-fungible tokens answered some problems connected with digital collectibles, and this concept continues to be widely used in various applications.

How to Create an NFT

If you are wondering how to create an NFT artwork, follow the steps below:

1. Set Up a Crypto Wallet

This is the first and most important step for those who desire to create an NFT. If you don’t own a wallet, all you need to do is to create and set one up. Make sure that the wallet is compatible with whichever token standards (ERC-20 or ERC-998) you intend to use as it might be necessary in some cases. 

In addition, one thing you need to remember is that all crypto wallets are not equal. This is why you need to find a reliable wallet that fits all your requirements. Here are remarkable factors you should consider before choosing a wallet:

  • Compatibility

This is the most important factor to consider. Not all wallets are compatible with tokens created using different standards, which could add a lot of confusion and inconvenience while creating non-fungible tokens.

  • Usability

You also need to pay attention to some features such as security measures performed by the wallet so that you can prevent unauthorized access or use of your funds. Also, recognize the ease of use and functionality.  

  • User-friendliness

This factor is also important, especially for novices who do not have any technical awareness about digital assets or cryptocurrencies in general. Make sure that your wallet can be used by everyone and has a simple interface with clear instructions and tutorials on how to get started.

  • Anonymity and transparency

This is another important point to consider. You should check whether your wallet supports you to remain anonymous or not because anonymity can have different meanings depending on the wallet provider.

  • Community feedback

Take time and learn what other users are stating about a certain wallet before committing to use it for NFT creation. It will help you if you stick with well-known NFT wallets that have been tried and tested by other users. 

  • Customer service

Last but not the least, consider the level of customer service offered by the wallet. This is crucial in case you face any problems while using it or have some questions that need to be answered. 

2. Choose an NFT Marketplace

After taking a wallet, the next step when creating NFT art is to choose a marketplace. There are several platforms you can use to create and sell NFTs, but it is important not to rush into anything before doing your research. 

You should pay attention to several factors when choosing a marketplace for selling your NFT art:

  • Reputation

This is the first factor to consider when picking a marketplace. Ensure that you can trust it with your art and personal data. Likewise, verify whether other users have encountered issues with or complaints about the platform before committing to use it for NFT creation.  

  • Functionality

The next thing you need to pay attention to is functionality because each marketplace has certain unique features. For example, one marketplace is a more useful user interface or more advanced security measures than another. You need to review these things before committing to using the platform.

  • Payment options

The payment system is also crucial because you will be paid in tokens for your NFT art. Ensure there are no hidden charges (e.g. transaction fees) and that you can withdraw your funds whenever you want.

  • Security

This is another crucial factor to consider when choosing a marketplace for NFT creation because security measures are important in terms of both the safety of your token and personal information. Make sure that there are no vulnerabilities that could allow hackers to steal your data or compromise your funds.  

To name a few, here are some of the most popular  NFT marketplaces:

  • OpenSea

OpenSea is one of the popular NFT platform creations. The platform is easy to use and has advanced features, including an escrow system that allows buyers to purchase tokens safely without fear of getting scammed or ripped off.

  • Axie Marketplace

Axie Marketplace is another popular platform choice for NFT sellers. With a smaller number of users compared to other marketplaces, but it can provide you an opportunity to sell your creations at the best price because there are not as much competition and low demand.

  • Etherbots

The Etherbots marketplace provides artists with access to SpenSea’s API that allows them to create token contracts for their items. This can be an excellent way of securing your NFTs and selling them on the Etherbots platform.

  • Larva Labs

Also known as Cryptopunks, is an option you can consider for creating and selling NFTs. It allows artists to create their own pixel art styles that are created using a simple, single-pixel cell-shaded style.

  • NBA Top Shot Marketplace

This is another platform that allows users to trade their rare NFTs in a safe and secure environment. You can make any NBA player use this platform, which utilizes OpenSea’s API for token creation.  

  • Decentraland

The Decentraland marketplace gives merchants a chance to sell assets on the blockchain through auctions or direct sales. You can create different types of digital assets using this platform, including NFT art that you will be able to sell on the marketplace.

But before we move on to the next step, make sure you do research about each platform before committing to using it for selling your NFT art.

3. Create an NFT Collection

To clarify, the method of creating an NFT collection depends on the marketplace you are using. For example, some platforms allow users to create collections without owning an account. In fact, they simply add a link in their listings and give it a name. Other platforms want an artist to have an account with them before they can add their piece for sale. 

Therefore, your collection needs to stand out because it is your shop window. Notably, make sure you pick a catchy name. An engaging cover photo, and good photos that highlight the features of your NFT art. You can also include data about yourself using bio boxes or introduce yourself on social media channels. This will allow you to get in touch directly with your customers.

When creating a collection, make sure that you choose a medium or format for displaying your NFT art. Some marketplaces will ask you to add data about its creation process. So that potential buyers can easily understand what they are buying beforehand.

4. Create and Publish NFT

Once you have designed your collection, the next is to create NFTs. Besides, you can build separate NFTs according to your collection. Make sure that they are in line with the guidelines of the platform you are using for selling them. In addition, you can also create several formats, such as video walkthroughs and GIF demos if relevant.

Furthermore, once everything is done, advertise your arts on the marketplace. Likewise, you can use the tools given by the platform to upload your creations. Also, you can manually add them depending on the marketplace interface.

5. Promote Your NFT Project

The final step on how to create an NFT art is to promote your project. Honestly, this is the toughest, yet most fulfilling part because it will determine the success of your NFT project. Similarly, you can use different social media channels, such as Twitter and Reddit. To promote your NFT arts, you can create polls that allow other users to vote for you. 

To clarify, make sure that you also create an associate program through which others can sell your art on their own sites or marketplace in exchange for a commission. However, you can also use paid advertisements to promote your product.

When promoting your project, ensure you do not abuse the system by using bots or fake accounts for promotion purposes because it is against some marketplace rules and regulations about spamming. Make sure that everything you publish is on the collection so that customers can easily find them.

How to Sell and Promote your NFT project

Now that you know how to create an NFT, the next step is to sell your NFT project. Apart from social media and creating affiliate programs, below are a few other tips that can help you promote and sell your NFT project effectively:

Add Your Drop to the Calendar

An NFT calendar is a community-based platform where artists can submit their creations to be listed on the calendar. It’s free to add your drop, you will not have to pay anything when trying to attract customers to buy.

If there are no drops that match what you are looking for, then simply create one and get other people who are interested in buying your creation. This is a great way of creating an audience for yourself and building trust with other artists together. It will help when you are trying to sell future NFT projects

Create an Attractive Teaser for Your Project

Before putting up any drop on the marketplace, it is important that you create a teaser for your project. A good example of this is CryptoKitties, which created an appealing video to market its NFTs before they launched.

In order to make a great teaser, ensure that your promotional strategies are original and unique so that you can capture the attention of your target audience. Ensure it has an informative yet catchy title so that people will be interested in finding out more about what your art is all about. 

Most reputable marketplaces have features drop section, which is where the platform highlights its most popular or best-selling products. 

Top 10 NFT Marketplace

  1. OpenSea
  2. Rarible
  3. SuperRare
  4. Foundation
  5. AtomicMarket
  6. Myth Market
  7. BakerySwap
  8. KnownOrigin
  9. Enjin Marketplace
  10. Portion

You can make your NFT art to this list by simply creating high-quality content that resonates with the community. At the same time, encourage them to upvote it so that you can be seen on their front page.  

Make Others within the Industry Comment on Your Project

If you are a newbie to the industry, it might be hard for other people to know about you. Also, they take a risk when purchasing your collection. To solve this problem, you can engage with other influencers within the NFT community to comment on your work. Therefore, their followers can have access to your NFTs as well.

You can also add them to your affiliate program. So, they can make a commission when selling your art. Sharing it on social media, mainly in societies committed to NFTs.

Conclusion

Now that you know how to create an NFT, you can produce more income for yourself within the NFT industry. With all the suggestions mentioned in this article, you should be able to create high-quality art that somebody will want to buy and acknowledge.

Make sure the NFTs you create have a unique selling point that sets them apart from the rest. This way, you can beat the competition and increase their demand in the market.

A Computer Engineering graduate who writes news focuses on cryptocurrency-related and blockchain technology. He is enjoying using his skills to contribute to informing people of the exciting technological advances that happen every day.