NFTs (Non-Fungible Token) are digital assets that are valued by their “uniqueness’ or “non-fungibility”. This guide will take you through the creation process of uploading a piece of digital artwork to generate a unique NFT code and then list the NFT on the Rarible marketplace for sale.
What Is The Rarible NFT Marketplace?
Rarible is an online marketplace that allows you to create, buy and sell NFTS. The platform is used by digital artists to upload unique artwork, as well as by prospective buyers to view and purchase NFTs for sale. The Rarible marketplace accepts Ethereum, Flow and Tezos blockchain tokens as forms of payment.
Why Rarible?
Community
The online Rarible community of 1.6 million artists, buyers and sellers work together to provide users with access to a range of NFTs all in one place. View artwork on sae
Cost
No cost is required to upload, create and list your NFT, however (similar to other NFT marketplaces) there are service fees incurred for the buying and selling of the artwork.
Speed
Rarible offers quick buying and selling of NFTs, most transactions are instant depending. Rarible also limits the file size of uplaods to 100Mb which ensures quick
Reliable and trusted
Rarible is a trustworthy marketplace with 1.6 million total users;
Is Rarible The Right Marketplace For Me?
Rarible offers insight into the NFT landscape and is very user friendly, it is the right marketplace for everyone – from beginners to experienced artists and buyers. The Rarible marketplace is built with an easy-to-use layout which is great if you’re looking to create your first NFT and learn more about blockchain technology. Rarible is also great for those already using other NFT marketplaces (e.g. OpenSea, Nifty Gateway, Binance) that want to increase their presence across multiple platforms.
What Do I Need To Get Started On Rarible?
To get started on the Rarible NFT marketplace you will need:
- A crypto wallet – the most common digital wallet used is MetaMask (we will explain how to create a MetaMask Wallet in a later section)
- A good understanding of how NFTs work
- A computer and/or smartphone
- A piece of digital artwork (jpeg, png, gif, mp4)
Buying And Trading NFTs On Rarible
Buying NFTs
Rarible allows you to view NFT artwork from a range of creators, if you have the required funds you can also purchase their art. You can also sell NFTs that you have created or purchased – the efficient layout and quick transfer speed on Rarible makes it ideal for trading NFTs.
Trading NFTs
The Rarible marketplace offers market insight into live auctions and top sellers, as well as market cap, floor price and trading volume data for digital artist collections. This information is great for those wanting to learn more about digital transactions and begin trading NFTs on a regular basis.
Creating Your Own NFTs On Rarible
This guide will take you through the straightforward process of creating your own NFTs using Rarible, allowing you to design your own NFT and upload it to the marketplace.
1. Create A New MetaMask Wallet
Go to MetaMask.io and follow the instructions to download their software and create your MetaMask wallet. You can install the digital wallet into your browser as an extension (Google Chrome, Firefox, Microsoft Edge, Brave) or download the MetaMask app to your iOS/Android device.
Follow the steps and complete your MetaMask wallet setup. Once created, your MetaMask Wallet will have an account code in the format of 0x230…RG4A – this is the unique code that identifies your wallet.
2. Buy Or Transfer Some ETH To Cover Those Fees
You can send ETH and tokens from other wallets to your MetaMask wallet by copying your MetaMask wallet account code into your other wallet when asked where to send the funds. You can also request funds from others by sending a request with your QR code or sharing your account code.
Purchases of ETH can be made within MetaMask, which redirects to other decentralized applications like Wyre and Transak.
3. Connect The Wallet To Rarible.com
Click “Sign In” on Rarible.com. It will automatically detect your MetaMask wallet extension – confirm it to sign in. Now that your connected wallet is registered and your account is created, you can begin browsing, selling, buying, and most importantly, creating NFTs.
4. Create The NFT
It’s now time to create an NFT. To get started click “Create” and select the Ethereum blockchain. You will need to decide if you want to create either:
- A Single NFT: One of a kind; keep it unique
- Multiple NFTs: More than one exists; select the number of copies
Once you have selected your file type, upload your content in one of the acceptable formats (e.g. PNG, GIF, WEBP, MP4, or MP3) and choose your purchasing method. You can then name your NFT and add an optional description.
5. List The Artwork And Turn It Into An NFT
Once you have completed all of the information, you can then create your NFT. Click “Create item” to generate a unique code for your artwork and list it on the marketplace. You have now created an NFT that will be added to your Rarible profile!
How To Customize Your Rarible Profile
To view your Rarible profile, click on “My profile” – this will take you to your profile layout where you will see your default profile picture alongside your number of followers. You can view the NFTs on sale, owned and created by you, any collections that you have, and your general account activity.
To edit your profile picture or cover photo, you can hover over them and then click to edit or add. To edit more profile settings, click “Edit” under your follower numbers. You can use this feature to customize your display name, custom URL, bio, Twitter username, website, and email.
Crypto Wallets Accepted On Rarible
For the three different blockchain options (i.e. Ethereum, Flow and Tezos), there are different wallets that are accepted by Rarible:
Ethereum
- MetaMask (most popular)
- Rainbow
- Coinbase
- Fortmatic
- Portis
- Torus
Flow
- Blotco
Tezos
- Temple
- Beacon
Key Takeaways
Rarible provides user-friendly access to the NFT marketplace, combined with the popular MetaMask wallet. Creating an NFT through Rarible is a great opportunity to explore quality artwork and learn more about blockchain and cryptocurrency platforms.
Create NFTs with Tokenfy
No Coding Required.
Creating An NFT On Rarible FAQs
How to connect your crypto wallet to Rarible.com?
When you visit Rarible.com, you will be given the option to Sign In. Once you click on it, it will ask you to select which cryptocurrency wallet you want to connect and provides you with the relevant installation instructions depending on your selection.
How to transfer funds to your MetaMask wallet?
To transfer funds to your MetaMask wallet, you need to have another cryptocurrency wallet set up with funds available. Your MetaMask wallet will have an address code in the format of 0x230…RG4A – enter this code on your other crypto wallet when asked where to send the funds.
How to set prices and royalty fees for your artwork?
To set the price of your NFT, you can choose from fixed price, bidding, and timed auction:
- Fixed price: Enter the amount that a buyer will have to pay to buy your NFT.
- Open bidding: This auction type takes offers from anyone at any time and you decline or accept.
- Timed auction: This auction style allows you to set the starting price and length of the auction time.
The original artist of the NFT gets royalties for any ongoing trading of their assets. If a buyer that purchased your artwork sells it to someone else, you are still entitled to a royalty. Rarible allows you to select your royalty rate from 0 to 50%.
How do NFTs affect the environment?
NFTs are purchased most commonly with Ethereum, which requires a lot of energy consumption to produce. The production of Ethereum is currently known as a proof-of-work concept; however, they are moving towards a proof-of-stake concept which will make NFTs more sustainable.
