How to Create NFT Tokens?


 

NFT tokens have gained huge popularity; the NFT marketplace has amassed $41 billion in 2021. NFT marketplaces have provided a lucrative platform to artists, musicians, painters, etc., to leverage the opportunity to earn big. To sell their art on an NFT marketplace, artists have to convert it into an NFT. Are you wondering how to create NFT token? Read on!

What Are NFTs?

Before going any further, let’s first understand what are NFTs- NFTs are non-fungible tokens. Non-fungible tokens can’t be traded or exchanged equivalently. NFTs represent real-world objects like videos, pictures, art, GIFs, in-game assets, etc.

NFTs are quite popular. Beeple sold its NFT “Everydays: The First 5000 Days”, a collection of 5000 digital images, and it was sold for $69.3 million at Christie’s audition in 2021.

NFTs rose to popularity in 2017, when CryptoKitties was launched; it was a blockchain-based game, which utilized the Ethereum network, and since then the popularity of NFTs has increased by many folds.

How to Create an NFT

Let’s see how you can create an NFT by following these simple steps:

  • Decide What You Want to Create

Non-fungible tokens are typically digital art. They can be an image, audio, song, GIF, or even a tweet. You should make it a point to create a unique piece that can be sold.

  • Choose a Blockchain

Your next step is to select a blockchain where you can store your NFT. It’s important to choose the one that fits your requirements as it will store a permanent record of your NFT. You can take the help of NFT developers. Some of the popular blockchains that you can utilize are:

Ethereum: Ethereum is one of the most popular blockchains out there. It was created using the ERC-721 standard. It operates as a proof-of-work (PoW) blockchain.

Solana: Solana is faster and more affordable as compared to the Ethereum blockchain. It uses both proof-of-history (PoH) and PoS consensus mechanisms.

Flow: It is a PoS blockchain for NFTs and Dapps. It hosts the NBA Top Shot NFT collection, which is insanely popular.

  • Set Up NFT Wallet

You need your digital wallet linked to the blockchain of your choice, where you can store your NFT. For creating a wallet, first, download the crypto wallet app, give a username and password and store your private keys. MetaMask, Coinbase Wallet, and Ledger Nano X are some of the most popular wallets that support multiple blockchains.

  • Choose NFT Platform

You need to choose an NFT platform where you can create NFT. For instance, if you are using OpenSea marketplace, you have to connect your wallet by selecting the wallet icon and choosing the digital wallet you wish to connect. Then you are required to select the “create” option, you will see a menu for the NFT creation process, where you can see the upload option, NFT features, properties, and blockchain. Now, you can upload your media file, fill in details, select your blockchain, and select create the NFT.

List the NFT for Sale

Now list the NFT for sale- hit the “sell” button on the platform, and you are good to go.

Final Words

Creating an NFT is not that difficult, if you want, you can take the help of an NFT development company to ensure everything goes great.

 

 

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