Non-fungible token (NFT) is the real deal for those who have caught the opportunities provided by blockchain technology.
You must’ve heard that a digital painting by Beeple was sold for $69 million. An NFT image of a DOGE’s Shiba Inu dog was also sold for $4 million in June 2021.
You can as well make money through these non-fungible tokens. If you have your digital files (artworks, audio, photos, texts, etc), then you can learn how to sell NFT and make money.
In this article, we’ll focus on the steps involved in creating NFTs.
How To Create NFT
You can create an NFT that you can call your own from which you can make money. These 5 steps below are how you can create your own non-fungible tokens;
Pick your work- The first thing to do is to pick the work you’re creating for NFT. You can make a non-fungible token of a drawing, a tweet, a piece of music, a YouTube video, etc. Copies of these digital files can be copied and shared. Your work will get a unique identity through a process called minting.
Get some Ethereum tokens- Next thing to do is to get the ETH token (ether). Although you can make use of NFTs on other blockchains such as Cardano, Tezos, etc. You’ll need to mint an NFT, therefore, you’ll need an ETH wallet such as ‘MetaMask’. Be aware that the minting process could cost money (you’ll need at least $100 worth of Ether).
Choose a marketplace- Once you’ve created a unique identity for your digital file through mining, the next is to get a marketplace. This is where you will physically create and then list your NFT. Prestmit is one of the platforms in Nigeria where you can trade NFTs.
Create the NFT- Once you’ve chosen your marketplace, you have to connect the ETH wallet to the platform and create your first NFT. Follow the instruction on the app to create the NFT. Fill in all the information needed, then save. You can now start the actual minting process of a new non-fungible token. Once you give the details you want about your work then you can create a click. Then you’ll have your first NFT created.
Market your created NFT- After you’ve created your NFT, you’ll have to market the new digital creation. An existing community of people that would be interested in your work is your where to go place. Once you’ve got this done, you’ve found a way to make money from that file with you that need investors/buyers wanted.
Prestmit is however the best digital marketplace of such in Nigeria where you can sell your NFTs. If you ever find yourself in a position to sell NFTs in Nigeria, Visit Prestmit, it’s the best platform for you.