Non-fungible tokens or NFT just started being a trend for the mass audience. And it will be a trend for at least the next few years.
The most popular NFT project Bored Apes Yacht Club is launching its cryptocurrency and metaverse… NFT trading hit $17 billion in 2021… Crowds of users leaving their work for creating and trading NFT…
Those are only few of the recent news about NFT.
Being launched on the Ethereum blockchain in 2017, NFT is a collectible token. In simple words, NFT provides any digital object with a unique set of characters to guarantee its value and authenticity.
Some say NFT would revolutionize digital art by allowing users to monetize their work without extra agents. NFT is also an integral part of the new internet concept Web3.
Right now you can create NFT in metaverse like Decentraland. But let’s try to look at the more traditional way of going into your first NFT.
What could be an NFT?
Any digital object could become NFT.
Today you can create an NFT with images (JPEG, PNG, or GIF), video (MP4, MPEG or AVI), and audio (WAV or MP3).
Different platform have file size restrictions. But generally, they vary in 50-100 Mb gap.
So firstly, you need to choose an object for tokenizing and check if its parameters fit any particular NFT platform.
You can create a picture, record a video, take a photo or do anything you want to share.
Got it. What’s next?
Secondly, you have to create your crypto wallet (if you don’t have one) and join one of the NFT platforms.
You should choose a platform appropriate to your wallet and transaction system. Earlier all NFT transactions were possible only through Ethereum. But now you can find it on Tron, Tezos, Binance Smart Chain, and Polkadot.
Because of this, you can create NFT on such platforms as OpenSea, Binance Juggerworld, Treasureland, BakerySwap, etc.
Keep in mind that most platforms charge commission for creating and selling NFT.
Which platform should I choose?
The best option for the novice is the Meta Mask crypto wallet and OpenSea NFT platform.
Meta Mask is a free Ethereum-based crypto wallet available in browsers plug-ins or mobile apps. The easiest way to use Meta Mask is through your Chrome or Firefox browser.
Creating a wallet is a simple registration process. Just save your password and a secret phrase somewhere for access regain. Also, make sure that you have activated all the security features.
How to create NFT with OpenSea?
In the final stage, you should create an account on the opensea.io website and launch your NFT.
In your OpenSea account, you should go to Create→My Collections→Create a new collection. Then you have to add the collection’s logo, name, and description.
After this, you can upload your files by clicking Add items→Add new items. Items need a name and description.
You can add unblockable content, which will be available only for a buyer. It’s possible to upload your items within external links.
By clicking “Create” your NFT will go through a verification process. It can take a few days.
When verified, your NFT can be sold on the internal auction. Remember about GAS FEE (commission) for placing your lot. GAS FEE depends on different times of the day.
Now you can try your NFT luck.
Sources: The Verge, Binance, VC.RU
