In this step by step guide, we will show you How to Create and Sell NFT Art. The other parts include connecting to an NFT marketplace, connecting your crypto wallet to the marketplace and so on. We are not going to break down what NFT Art and Ethereum block chain are for they fall into two topics of their own and in this section one is fully expected to be aware of the terms.
What we will be doing is explaining how you can quickly go from point A to B. In short, you got your art you want to sell it. There are several platforms you can use to mint your NFTs and in this article, we will focus on the Opensea platform and the Polygon block chain.
What is an NFT?
Before we go to the step by step guide how you can create and sell them, let’s start by defining, what is an NFT. NFT in full stands for Non Fungible Token. It refers to a digitally created file that is unique and cannot be destroyed or replicated.
An NFT can range from an artwork, audio file or even a video. People collect NFT files like they would paintings, but on a digital space. They can then sell them and earn a profit. In this article, we will consider NFT artworks and characters.
Why do I need an NFT?
NFT can be a cool way to make an extra income online. You can buy and resell NFT art or create your own artwork and sell to make money. Alternatively if you are a business person and not an artist, you can hire an artist to create NFT art and then sell it for an income.
Step by Step How to Create and Sell NFT Art
- Create your NFT Art Designs
- Create an Ethereum wallet
- Connecting a Wallet to Opensea
- Choosing Marketplace
- Mint your first NFT
Create your NFT Art Designs
The first step is to create the unique artwork you want to sell as NFT art. There are many places you can get it done. We recommend Fiverr Market place where you can hire a freelancer of your choice to create the artwork for you. Here are some of the best graphic design NFT artists on Fiverr.
Create A wallet
To conduct any transactions with Ethereum you’re going to need a wallet to hold your funds. The wallet can also help you connect to the end of 2 marketplaces and other decentralized apps or Dapps that make use of the tokens.
I chose the Coinbase wallet for a few reasons including the fact that it lives on my phone instead of a computer uses biometric authentication and it has a built-in browser for exploring various Dapps, Coinbase wallet is available for iOS and android so go to your apps store and look for this wallet. If anything is unclear for this step, please check out How to set up a crypto Wallet.
There’s a separate coin base app for buying and selling crypto but we’ll get to that in a minute by downloading the Coinbase wallet and when it’s installed choose to create a new wall.
Choose whether to make the name public or private. Now you can choose to protect your wallet on your phone with a pen, face ID, or fingerprint. Now let us back up our wallet.
Click the box that you understand that if you lose your recovery phrase you won’t be able to access your account. Tap back up now. What you see is the recovery phrase also known that this is unique to the account you just created. Do not lose this list of words. If you lose it, Coinbase won’t be able to help you get it back. The company doesn’t have access to that phrase; you can just ask for a password reset.
carefully Select a Blockchain
NFT’s they’re all over the news right now but you don’t have to be a famous artist or the founder of Twitter to get in on the action today. I want to show you how to create and sell your first NFT before making any investment. Before deciding to trade cryptocurrency you should carefully consider your investment objectives level of experience and tolerance for risk. The investment of cryptocurrencies like bitcoin Ethereum and assets can lead to loss of money over short or even long periods. Investors should expect prices to have large range fluctuations. We’re going to focus on digital art since that’s what seems to be grabbing the most headlines these days.
I mentioned decentralized apps or Dapps earlier, according to Ethereum.org Dapps are a growing movement of applications that use Ethereum to disrupt business models or invent new ones. This includes apps focused on finance, gaming, technology, and the one we’re interested in today: arts and collectibles. These are just a few of the platforms people are using to invest in and trade works of art, music, and limited edition collectibles. To support the artists who create them, Opensea seems to be more accessible to people getting started so we’re going to start there. You can get to Opensea from the Coinbase wallet by opening the Dapp browser and finding opensea or by going to OPENSEA.IO in a browser. I encourage you to poke around a bit on the site to get an idea of what kind of NFT’s are available for sale or auction. You might be surprised what kind of things you can find here.
Since you did not come here to shop, you’ve got art to sell so just click the create button. The first thing you need to do is sign in using a wallet. Metamask is the default on Opensea but there are a number of them you can use. You can also choose Wallet link and pair it to your Coinbase wallet. Scan the QR code with my wallet app. You will find the collections page empty.
Mint your first NFT
Click create a new collection, upload a logo and give your collection a name you can change later as well as come back to add a description. Click creates and success, your collection has been created.
To upload the gif you will click add items, add a new item. You should get a prompt to sign for this action in your wallet. Now you can upload your amazing creation. Give it a name. You can add a link to an external page if you want to promote your NFT elsewhere and you can enter a description of the piece and finally click create. And there it is you’ve got a brand new NFT. Click visit and you will be able to see how the world will see your NFT as it exists on Opensea. This is as far as you want to go, you have an NFT that lives on the Opensea. marketplace giving you proof that the NFT belongs to you also can get a link and let anyone you want to see what you’ve made but this original copy is all yours.
Now you have a choice whether to offer your NFT for a set price or to put it up for auction to the highest bidder. The platform does take a fee of 2.5 percent from the price of a successful sale. They probably have to keep the lights on somehow. It’s not just that, however, the poster listing button opens and you need to initialize your account first by completing a free transaction except it’s not free because there’s something called a gas fee which is the second reason why semi-price is so high. But what’s a gas fee? Ethereum price.org explains the gas fee is used to pay for transactions on the Ethereum block chain. They also have a handy chart showing trends in gas prices. We could spend all day talking about gas prices, maybe someday we will but for now, what we need to know is that gas prices are dynamic and fluctuate wildly depending on the complexity of the transaction and how busy the network is. And the network is super busy these days because everyone wants to get on a theory of amenities that means gas fees right now are as high as they’ve ever been which has been a barrier to entry to the world of NFT’s for some.