How To Create And Sell An NFT In 2022

NFTs are everywhere these days. From big corporations and A-list celebrities to beginner digital artists, the NFT craze is taking the world by storm. If you’re an artist and you want to get in on the action, you need to know how to make one first.

Fortunately, we’ve got you covered. Read on for a comprehensive guide on how to create NFTs and sell them online!

How To Create NFTs On Various Sites

For guides on how to create NFTs on specific sites and apps, check out these articles:

• How To Create And Sell An NFT On Opensea 
• How To Create Non-Fungible Tokens (NFTs) On Binance 
• How To Create An NFT On Solana 
• How To Create Your First NFT On Rarible 
• How To Make, Buy And Sell NFTs On Ethereum 
• How To Create An NFT On Crypto.com 
• How To Create An NFT On iPhone – Top 5 Apps 
• The Ultimate Guide On How To Create An NFT On Sandbox 
• How To Create A Dynamic NFT On Polygon 
• How To Create NFTs In Photoshop – Step By Step Guide 

What Is An NFT? 

So what is an NFT, anyway? Maybe you’ve heard the word being thrown around, but hasn’t fully grasped the meaning yet. NFTs stand for “Non-Fungible Tokens”. Fungibility itself refers to an object’s ability to be easily traded with another of the same value – so a $20 bill is fungible because you can trade it with another $20 bill and it holds the same value.

Meanwhile, non-fungible tokens are named as such because you can’t exchange them with another NFT and expect them to have the same value. NFTs also act as a proof of ownership of a digital asset. If somebody were to save your NFT art as a JPEG, they can’t claim to own it because you have the ownership certificate. 

Generally, NFTs are one of a kind. Take the popular NFT collection Bored Ape Yacht Club, for example. There are 10,000 Bored Apes and none of them are exactly the same. This rarity is what makes NFTs valuable, because much like a Mona Lisa, there’s only one real Mona Lisa in existence. 

Understanding NFTs 

So how does a non-fungible token work? NFTs exist on what’s called a blockchain – a public digital ledger that’s used to record transactions. Most NFTs are hosted on the Ethereum blockchain, but there are also Solana and Polygon NFTs. 

When you make something into an NFT in a process called minting, the digital certificate will be held on the blockchain. In addition to serving as a digital certificate of ownership, these tokens also record its transaction history. So if you buy an NFT from the secondary market, you can see a line of transactions from when it was first minted until it arrives in your digital wallet. 

Exploring The NFT Space 

The NFT space isn’t just all about digital art and the creative industry these days. There are many initiatives, projects, and services that surfaced as NFTs become more and more popular. Here are just several examples of what you can find in the NFT space:

NFT Marketplaces

If you’ve dabbled in NFTs, these are probably one of the most recognizable fixtures of the NFT landscape. Sites like OpenSea, Rarible, and SuperRare are like the art galleries of NFT. These sites host digital collectibles by various creators and put them up for sale. Many of them also host “drops”, events where an NFT project is launched and open for minting. 

NFT Launchpads

Sometimes, you can’t develop an NFT project alone. That’s where NFT launchpads come in – they help artists and content creators launch NFT projects by providing the expertise and technical support they need. When you sign up for an NFT launchpad, you may get support like fundraising and marketing to get your project off the ground. 

Play-to-earn Games

Another rapidly-growing aspect of the NFT space is play-to-earn games. These games generally reward you with tokens as you play, which you can later exchange for other cryptocurrency or fiat. These games have grown so popular that in some cases like Axie Infinity, people have quit their jobs to play them as a source of income.  

Metaverse And Digital Reality

While full-fledged virtual worlds like we see in Ready Player One are still some distance away, many developers are beginning to take their steps into the metaverse. Take Decentraland, for example. It’s a virtual world that lets users create, play, and socialize in LANDs that they can buy. 

What Can NFTs Represent? 

What makes an NFT an NFT is the token, not the digital items. That’s why NFTs aren’t just limited to digital art and images. It can also represent things like:

• “Digital twins”, a 3D model or image of a real-life item that acts as a certificate of authenticity.
• Partial ownership of a physical art piece.
• Entrance ticket to an event.
• Proof of membership in a community.
• Voting power and political sway in a decentralized autonomous organization (DAO).

As blockchain technologies and the NFT community grows, there’s likely going to be more and more uses for NFTs moving forward.  

How Do I Create an NFT? 

So how do you create NFTs? It’s simpler than you think! All you need is photo editing software, some artistic know-how, and a can-do attitude. 

Here’s a quick guide on how to create an NFT:

1. Settle on an idea – this is the time to let your creativity free. Whether you choose to create something that might appeal to everyone or a niche subject that only a few will appreciate, it’s up to you.
2. Create the work! It also helps to use generative art scripts if you’re looking to create large collections based on a template like Bored Ape Yacht Club and CryptoPunks. 
3. Save your work. It’s still a JPEG file right now, but soon it’ll be an NFT ready to be seen by the world.

However, creating NFTs is the easy part. The tough bit is how to make it sell. That’s why Tokenfy is here to help! Visit our website to see how we can help digital artists launch their own NFT collections without any technical knowledge.  

Setting Up Your First NFT Collection 

Now that we’ve covered how to create a digital painting to be made into an NFT, you’ll also learn how to upload and sell them. Here are step-by-step instructions on how to create and sell your NFT collection:

Choose The Format And Pick Your Content

NFTs don’t always have to be images. Choose whatever you want – a GIF, a song, or even a tweet. As long as it’s unique, it’s got NFT potential. Just keep in mind that whatever you turn into an NFT, the IP needs to be rightfully yours.

Choose Your Blockchain

Next, choose the blockchain technology that you’re planning to host it on. While Ethereum is one of the most popular blockchains, you can also choose other blockchains like Solana and Tezos.

Creating The NFT

Now it’s time to create the NFT! Follow the instructions in the previous section for more detailed steps.

Choose The NFT Marketplace

Picking the marketplace to list your NFT is also another important step. Some digital marketplaces like OpenSea allow just about any kind of NFT, but some specialized marketplaces like Axie Marketplace and NBA Top Shot may only host certain kinds of NFTs. 

Connect Your Digital Wallet To An NFT Platform

The next step is to connect your crypto wallets to the NFT marketplace or auction house. Most digital marketplaces have simple instructions to link your wallet to their site.

Upload Your File

Once you have an account on the NFT marketplace, you need to upload the files you want to turn into an NFT. Check what digital file formats you can upload to your marketplace of choice and do so. 

Set Up An Auction For Your NFT

Next, you need to choose a method of sales. Most marketplaces offer three options for the sales process:

• Fixed price, where you set a price tag and anyone can buy it for that price.
• Unlimited auction, where people can make bids for as long as they want until you accept an offer.
• Timed auction, where the highest bid after a set time limit wins the piece of art.

Add A Description To Sell Your NFT

You should also add a description about your NFTs so people have extra context when they’re thinking about buying. Generally, you also set your royalties alongside the description. While setting more royalties helps you earn part of the sale price every time your NFT changes hands, setting it too high will deter people from reselling it in the first place. 

Pay The Transaction Fees And Finish The Minting Process

And finally, it’s time to put your NFT out there. Pay the listing fee as listed on the marketplace and voila – your NFT is ready for the world to see and buy!

Promoting The NFTs 

Your NFT is up on the marketplace, but you still need a way to get eyes on your project. That’s where marketing comes in, and here are some of the best ways to put your NFT collection out there:

• Use your social media to promote it. Most NFT collections create dedicated project accounts to tease artwork and announce important dates.
• Create a Discord community so you already have a fanbase and an active community once your project drops.
• Collaborate with influencers to shill your NFT collection – but keep in mind this can get expensive.

NFT Frequently Asked Questions 

It’s normal to still have questions about NFTs even once you reach this point. That’s why here, we answer several common questions about NFTs!

How To Sell NFTs?

The most common way to sell NFTs is through a marketplace like OpenSea or Rarible. However, you can create dedicated project sites to sell your NFTs as well.

Can My Content Be An NFT?

As long as you own the intellectual rights on a content, it can be made into an NFT. Taking other people’s IPs to make an NFT may land you in legal trouble.  

Key Takeaways 

There’s a learning curve when it comes to creating and selling NFTs. However, once you manage to get the hang of it, you’ll be part of one of the fastest-growing technologies in recent memory. Not only that, but you’ll also be able to profit out of it!

If you’re a digital artist aiming to launch your own NFT collection, Tokenfy is here for you. Visit our site to see how we can help get your NFT project off the ground!