Non-fungible tokens (NFTs) seem to be a universal tool. They can wrap US dollars, gold, a property-owning document, a painting, or a music track into a technologically advanced digital format to enhance its capabilities and improve security.
Anyone can create an NFT. It is easy to do using semi-automatically marketplaces such as Solsea, Rarible, SuperRare, Nifty Gateway, or OpenSea, the largest and most popular one. It recently switched to a new, even simpler way of creating NFTs. This little “guilty pleasure” costs less than a dollar.
We have prepared a simple instruction for you. Use this guide to launch an NFT collection in a few simple steps. All you need is the covers of your future NFTs, a little MATIC in your crypto wallet account, and some free time.
How to create an NFT on OpenSea
Step 1. First, open an OpenSea account and connect your wallet by clicking the “login” button.
Step 2. Select one of the crypto wallets for authorisation, such as MetaMask.
If you do not have a crypto wallet, you need to register one in advance. Here are detailed instructions you can use to create Metamask and crypto wallets comprehensive guide.
Step 3. Confirm the wallet connection by clicking the “connect” button.
Step 4. Click “next” to connect to your wallet.
Step 5. Confirm the use of a digital signature to conduct transactions with your wallet. If you agree with the terms, click “sign.”
Step 6. You are now connected to OpenSea! Click "accept and sign" to enter the platform.
Step 7. The funniest part has just begun: we are starting to create the NFT. Click "create".
Step 8. Choose the NFT collection creation option: with or without minting. We have picked minting.
Minting is responsible for getting your NFT data onto the blockchain. In order to do this, the system deploys a smart contract on the network and takes a small fee from you (learn details during the next two steps).
If you are not ready to mint the tokens immediately, payment will be taken from buyers.
Step 9. Deploy the smart contract on the blockchain. It will be responsible for the algorithm and terms of sale for your tokens.
Upload the cover of the contract, enter the name of the collection, and ticker (short name). Select a blockchain: Ethereum or Polygon. Registering a contract with Ethereum costs about $24. Polygon is cheaper—less than a dollar.
Step 10. Pay the fee for deploying a smart contract on the network.
The system will ask you to confirm the payment for your transaction through your wallet; click "confirm." We have paid 0.0675 MATIC ($0.05).
Step 11. The collection is created! To add an NFT, click “create an NFT.”
Step 12. Upload your NFT file in formats like JPG, GIF, MP4, PNG, or SVG. Specify the token name, issue mode, and description. Once everything is ready, press the “create” button.
Step 13. Pay a small fee to confirm NFT creation. We’ve paid 0.0115 MATIC, or $0.01.
Step 14. When minting is completed, the system will offer you the opportunity to put up a brand new NFT for sale. To do this, click on “list item.”
Step 15. Fill in lot details, set the selling price, and then click “create listing.”
Step 16. Confirm the transaction via a wallet signature and pay a fee to open the token for sale. Here we have paid 0.725 MATIC (or $0.06).
Step 17. Congratulations! Your NFT is now available for sale on OpenSea.
All that is left for you is to wait for buyers.
Should you create an NFT?
Definitely yes. It’s worth trying to create an NFT, at least because it is a convenient technology that may come in handy in the future, when purchasing and organising document flow through NFTs will become commonplace. Analysts also believe that the NFT market will continue to grow, which means there is a possibility that you will be able to make money from NFTs created today in the future.
🤔 Will you create an NFT?
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This article is not an investment recommendation. The financial transactions mentioned in the article are not a guide to action. Itez is not responsible for possible risks. The user should independently conduct an analysis on the basis of which it will be possible to draw conclusions and make decisions about making any operations with cryptocurrency.
