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NFTs accept been a cultural phenomenon throughout 2021, constantly making headlines as celebrities dabble in the space and equally shenanigans, scams, and legal fights ensue. With some creators making millions off NFTs, though, it'southward understandable why you'd desire to try your hand at it or play effectually with the tech to become a meliorate feel for it.

We're going to get over how to create an NFT using 2 of the most popular marketplaces, but before we go to that point, let's comprehend some of the basics of what an NFT is and the decisions you may take to make before deciding to sell one. (If you're relatively up to speed, you can go to Pace 3 to begin the journey of actually creating a token.)

Step ane: Figure out what an NFT is

Listen, there's no judgment if you've arrived here without much understanding of what NFTs are. Mayhap a friend said, "Hey, y'all should sell that picture of your cat every bit an NFT." But before you get through the process of creating and selling one, it's probably best to have some thought about what you're doing.

We have an unabridged explainer going into NFTs and the civilisation effectually them, equally well as an explainer on the blockchain technology that NFTs use. Y'all don't have to written report every word in them, simply the rest of this guide will brand references to things like Ethereum, proof of work, and other like concepts that you'll get a better agreement of by reading our explainers.

Here's a quick TL;DR, though. NFTs, or non-fungible tokens, are digital tokens stored on the blockchain. Unlike cryptocurrencies, where each coin is the aforementioned (there'due south no reason to prefer ane item Bitcoin over another), each NFT is unique and can exist sold every bit a manner to prove ownership over some sort of digital file.

In almost every example, the files aren't really stored on the blockchain itself. Rather, a link to the file is stored, along with the token that acts as proof of ownership over whatever that link points to. In that location's also no rule saying that ii or more NFTs tin can't exist for the same file — you can have NFTs with editions, kind of like trading cards. For example, an NFT can be rare because there are simply 10 copies or common considering thousands of the aforementioned NFT accept been "minted," or written to the blockchain. At that place's too nothing to stop someone from taking the file you've used for your NFT and creating their own NFT with information technology (though the blockchain entry will show that information technology came from their business relationship, not yours).

You tin can technically sell any digital file as an NFT, but if you're looking to use a marketplace'due south easy minting tools, you're going to be limited to the formats they support. Nosotros'll bear upon that a scrap more later, but it'due south worth keeping in mind that your first NFT should probably be an image, video, or audio clip of some sort. If yous don't know what yous desire to sell as an NFT yet, those kinds of restrictions could assistance you narrow downwardly the possibilities. With that said...

Step ii: Make certain you actually desire to sell an NFT

If you simply have the vague thought that you desire to make an NFT considering seemingly anybody is doing information technology, there are a few considerations you may want to take into account. The get-go big ane is transaction fees. While the platforms that we'll comprehend today volition let you create NFTs for free, selling them could be a different thing.

Near NFTs are sold on the Ethereum blockchain (we'll affect ones that aren't in the side by side section), and every transaction on the Ethereum blockchains costs fees that are paid to the miners. These fees are chosen "gas," and the amount of gas you need for a transaction (and therefore how much that transaction will toll) can vary significantly. Almost everything you do on the blockchain, from minting an NFT to transferring it to someone else to behest to purchase one, volition price gas (though there are some ways around this for creating NFTs, which nosotros'll go over in a moment).

Information technology's also worth noting that paying gas does not 100 pct guarantee your transfer will become through. You can pay more to give yourself a higher chance, but it is never a certain thing. To be articulate, most transactions are likely to go through. Still, if something does happen and your transaction isn't completed, yous won't go the gas fees yous paid back.

And then there'south the environmental aspect of NFTs. The virtually popular (and easiest to use) NFT marketplaces mostly run on the Ethereum blockchain, which uses an energy-intensive "proof of work" system (you can read more about what that means hither). While there's argue on whether individually selling NFTs has an effect on the overall energy use of the blockchain, if your NFTs are built on Ethereum, you are making use of a organization that has a big carbon footprint.

There are blockchains that use alternate systems that don't utilise as much energy, and Ethereum has plans to move to a more efficient proof of stake organisation at some point in the future. Still, that's not the instance yet, which is 1 of the reasons people might become upset when others decide to sell NFTs.

Pace three: Cull a platform to sell your NFT on

There are dozens of platforms that allow you sell NFTs across a wide diversity of blockchains, so it's almost impossible for any single guide to comprehend them all, much less tell you which i is the right one for your project. We'll be roofing two of the more than popular marketplaces in this guide, but do know that there are alternatives if neither of these platforms fit what you desire to exercise, similar AtomicHub, which uses the Wax blockchain, or the Solana-based Solsea.

It'due south also worth noting at this point that our guide will testify yous how to do things the basic way. Fifty-fifty with NFT markets, at that place are deep rabbit holes you can go downwards that won't exist covered in this guide (things similar selling an NFT minted with OpenSea on Rarible, programmatically generating collections similar Bored Apes, and so on). Only know that this isn't meant to be a comprehensive compendium on selling NFTs — it's merely getting you to the path.

Both OpenSea and Rarible allow y'all create NFTs on Ethereum without paying anything, thanks to what they phone call "lazy minting" systems. Lazy minting lets you create an NFT and put it upward for auction without information technology actually beingness written to the blockchain, thus avoiding whatever fees. When someone actually buys information technology, the fees for writing your NFT to the blockchain will be bundled with the fees to transfer it to the buyer. That helps you avoid the situation where y'all pay $10 to $xxx (or more than!) to mint an NFT that no i ends upwardly ownership.

There can be catches — with OpenSea, list your first Ethereum NFT for sale will require initializing your account, which can be an expensive transaction (during testing, I saw prices in the $300 to $400 range). It is a ane-fourth dimension fee, and later on paying it, you'll be able to lazy mint NFTs without having to pay anything.

With Rarible, I didn't have to pay this sort of fee during my testing. However, trying to remove your NFT from auction will toll a fee (I saw prices around $20 to $30). Both Rarible and OpenSea will accept a 2.5 percent fee from whatsoever sales you brand — if you sell an NFT for 0.025 ETH, you'll actually receive 0.024375 ETH.

There are, however, alternatives to the Ethereum blockchain. Rarible lets you lot sell NFTs using the Flow blockchain (the same one used by NBA Top Shot) if you sign upwards for it using the Blocto wallet, and OpenSea will let you sell using the Polygon blockchain. Both options take much lower fees than those you pay for using the Ethereum blockchain, if whatsoever fees at all, so we will at to the lowest degree touch on using them.

As y'all might have guessed, if there were no catches or downsides to these low / no-fee blockchains, everyone would exist using them. At the time of writing, choosing to use Flow on Rarible volition limit you lot to unmarried edition NFTs (one of ones), and you lot won't be able to sell them with an auction. Additionally, when you're using non-Ethereum blockchains like Flow or Polygon, people tin't use Ethereum to buy your NFTs (at to the lowest degree, not without going through extra, fee-inducing steps). While both platforms practise let buyers add funds to their wallet to consummate a purchase, having to convert or outright buy some other cryptocurrency to nab your NFT may put some collectors off.

(Notation: while Polygon does let you use Ethereum, it's actually Polygon's version of Ethereum. You can directly transfer Ethereum from its principal blockchain over to Polygon and transfer back, merely doing and then will incur gas fees.)

Do I have to apply a market place site to create an NFT?

Technically, no. You tin create your own smart contract, deploy it to the blockchain of your choice, then mint your own tokens using information technology. That's jumping into the deep end, though, and probably non the route you'll desire to go unless you're very technical. Virtually people will want to use i of the platforms discussed above.

Pace four: Prepare a wallet

Wallets are the applications you use to store your cryptocurrencies, likewise as any NFTs you lot end up minting or buying. Coinbase has a more than in-depth explanation of how wallets work and the different options that are available, simply if you're but getting started, there's really one chief thing you need to worry about: using a wallet that'southward compatible with the blockchain you're using.

MetaMask'due south wallet is one of the wallets that'due south widely supported past Ethereum-based applications like OpenSea, Foundation, and others and can be used either every bit a Chrome / Firefox extension or as an iOS / Android app. Coinbase also has its own wallet that you can use as an extension or an app, and it's supported past well-nigh platforms. You may desire to consider Coinbase's wallet if you're planning on getting into crypto more broadly, as information technology has back up for blockchains not based on Ethereum, similar Bitcoin.

MetaMask and Coinbase Wallet's setup processes are similar. Once you accept the browser extension or app installed (MetaMask can be downloaded here, Coinbase Wallet here), click or tap the "Create new wallet" push. Coinbase will enquire you for a username, and both will ask you lot for a countersign, which you'll want to make sure is secure (preferably by generating information technology with and saving it in a password managing director).

Proceed your seed phrase as secure as you possibly tin — both from prying eyes and the possibility of loss. Do not post information technology, even a blurred version of information technology, on the cyberspace (equally I am doing).

Finally, both MetaMask and Coinbase will give you what'due south known as a "seed phrase," which is 12 random words. It's very of import not to lose this, as it will let you lot recover your account if you, say, uninstall the app or demand to prepare your wallet on a new device. It'south a good idea to copy information technology and store it in a very safe location, such as a physical safe or password manager (or both). MetaMask will ask yous to repeat the phrase back, while Coinbase Wallet will enquire you if you desire to store an encrypted copy of it on the cloud if you lot set information technology upwards using the app. If you're setting Coinbase up with the extension or you choose to manually back it up instead of saving information technology to the cloud, it'll exist the aforementioned process as MetaMask, where y'all'll take to re-enter the phrase manually.

If you lose your countersign and / or security phrase, you'll be out of luck with both MetaMask and Coinbase Wallet — neither visitor tin practice anything to assistance y'all. That ways you'll lose access to any cryptocurrency or NFTs stored in that wallet, every bit well as the accounts that you've set up upward using it. And then seriously, go on your password and secret phrase safe.

Finally, you'll have admission to your wallet, which won't have anything in it nonetheless!

Step v: Connect your wallet

After yous've got your wallet set up, you'll want to connect it with the NFT market place you plan on using. OpenSea and Rarible make this like shooting fish in a barrel — clicking the Create push button in the top left prompts you to connect your wallet. You'll and so be presented with a listing of compatible wallets, and choosing yours volition prompt you to get through the connection procedure.

Connecting an account with MetaMask is elementary if you have the browser extension installed.

If you lot have Metamask or Coinbase's extension installed, yous'll run across a popular-up asking you lot if you want to connect your wallet, which tin can be washed with a few button clicks. If y'all're using the Coinbase Wallet app, you can also connect to the marketplace by using the QR code scanner (which you can find to the right of your remainder on the master wallet screen).

The QR push button in the Coinbase Wallet app lets you browse a QR code to connect to NFT marketplaces or other apps that crave a wallet.

A discussion of caution for the futurity: be careful if y'all run into a asking to connect to your wallet when you don't expect it, as scammers could exist trying to admission your funds or NFTs. As long as y'all're on a trusted site, you should generally be okay (at least, every bit long as something isn't very wrong — be sure to bank check transactions to make sure they're kosher). Merely if an unknown site asks to connect to your wallet, y'all should probably recollect twice before accepting.

Step half-dozen: Create an NFT

Afterward you've connected your wallet, you'll arrive at the page you use to create an NFT (and if yous don't end upwardly there, yous can get there by clicking the Create button that both platforms put in the upper right-manus corner).

Before we beginning creating our NFTs, a word on collections — both platforms support collections, which are pretty much what they sound like. If you want to create a series of NFTs, you lot tin can use a collection to practise so — on Rarible, you can create i right from the NFT creation screen, which the NFT you lot're making will be added to. On OpenSea, you'll have to get to your profile picture in the summit correct, and so go to My Collections > Create a collection.

We won't encompass collections in this guide, merely OpenSea volition automatically place the NFT yous create into an unnamed collection if yous don't specify one (yous tin can either edit the collection later or move the NFT to some other collection), and Rarible lets you lot sell an NFT as a Rarible Unmarried without a collection.

Now, let's finally get started on our NFT.

Listing an NFT on OpenSea

After clicking the Create button, yous'll be brought to the create new detail page. To showtime, click the box with an image icon in information technology, which will let yous upload the file yous'll be selling every bit an NFT (though, do brand sure to have notation of the file size and blazon limitations noted above the selector).

After you've added your file, requite information technology a proper noun, or title. You tin as well use the External Link field to add together a URL pointing to, say, your website or Twitter account, and yous tin can utilize the Description field to give potential buyers a better thought of what your NFT is.

Some file types, like videos or music, will ask for a 2nd "preview" paradigm.

Underneath those fields, yous can choose a collection for your NFT if yous've set one upwardly, also as add properties, levels, or stats that tin can basically deed as metadata. If you're selling an NFT that could human action as a video game character, for instance, this is where you'd put in their information. If you're selling a piece of art, you could employ the backdrop panel to add information virtually it, such as the medium, twelvemonth, etc. Notwithstanding, all these fields are optional, so a lot of people will probably be able to ignore them.

OpenSea also lets you add text that acts equally unlockable content, which the buyer / possessor of the NFT volition be able to see. You could employ this toggle-able field to include something like an invite link to a individual Discord, a lawmaking to redeem something on an external website, or even just a message thanking them for buying. You lot can as well use the explicit and sensitive content toggle if your NFT is NSFW in nature.

Be sure to pay close attending to which blockchain you're minting on — you can't change it afterwards, and information technology could have a drastic effect on the fees you lot pay.

After those toggles and fields is the dropdown you use to select which blockchain you're minting your NFT to — the Ethereum chain or the Polygon one. You tin can run across Step iii for more than information on the pros and cons of each, only we're going to become with Polygon for our instance, as information technology currently doesn't require paying any fees. If y'all're minting with Polygon, y'all'll likewise accept the option to mint multiple copies of your NFT.

Afterwards y'all've chosen your blockchain, you'll want to double-check everything. OpenSea lets you change the metadata subsequently as long equally you haven't put it up for sale, simply information technology'southward good practise to make sure everything's shipshape before doing anything blockchain-related. And notation that you won't be able to change which blockchain the NFT is on afterward the fact.

After you're good to get, y'all can click the Create push button. Depending on the options you've selected and what kind of file you lot're selling as an NFT, there might be a bit of a wait as things upload. Later it finishes, you'll run across a screen proverb that your NFT was created.

Our NFT is on OpenSea only non written to the blockchain nonetheless — that won't happen until someone purchases information technology.

Withal, your NFT isn't really upwardly for sale on OpenSea nevertheless — to practice that, y'all'll have to click off of the congratulations screen to get to your NFT'southward page (you can also get to information technology past clicking on your profile motion picture, clicking on the Created tab, and selecting the NFT). On the NFT's page, at that place'll be a Sell button.

This NFT has been created, but isn't for sale — to listing it, click the Sell push button.

With NFTs listed on Ethereum or Polygon, you'll accept the selection to create a listing for a fixed price, and on Ethereum, you'll have the pick to create a timed auction also. For a fixed toll listing, you'll simply put in the amount that you want to sell the particular for (listed in Ethereum, just information technology'll give y'all an approximate dollar amount beneath) and cull how long y'all desire the listing to be available for.

OpenSea'south Polygon implementation simply supports fixed-price sales at time of writing.

Since the NFT will be available to purchase equally soon every bit you listing it, you can also get in only available to a specific buyer using the "More options" dropdown.

To list your NFT for sale, click the "Complete listing" push button. Y'all'll have to confirm, or sign, a few transactions with your wallet, either using the browser extension or the app. On Polygon, the transactions are free, and you'll get a screen proverb that your item'south been listed.

An example signature asking in the Coinbase Wallet app.

On Ethereum, if information technology'south your first NFT, you'll take to practice a one-time blessing transaction to "initialize" your wallet, which we discussed above. To do and then, you'll demand to have Ethereum in your wallet. Buying crypto could be its ain split explainer, but hither's a guide to get y'all started.

The money for this transaction is but going towards gas, not a fee for OpenSea, so how much it costs depends entirely on how much Ethereum's gas fees are at the moment. In my tests, I saw prices from around $240 to $450, then if information technology'southward very high, you may want to wait until the cost drops — you tin use a site like Ethereum Gas Station to monitor transaction costs.

Registering to employ Ethereum with OpenSea can exist expensive.

After you've approved and signed all the transactions, your NFT volition exist listed for sale on OpenSea.

Listing an NFT on Rarible

Rarible starts you with an option correct off the bat.

The start question Rarible will ask is whether you desire to create a unmarried-edition NFT or a multiple-edition NFT — in other words, whether you want to create a one-of-one NFT, or one that's limited edition but can be purchased by multiple people. The screens you lot'll end up on are largely similar (though you can only use Ethereum if you're creating a multiple-edition, and you'll take to specify the number of copies yous want to sell), only for this case, we'll choose single.

After choosing single on Rarible, y'all'll end up on the NFT cosmos screen. The starting time affair to practise is upload the digital file you're hoping to sell every bit an NFT, using the Choose File push button. Eventually, information technology'll end up on the InterPlanetary File Organization, or IPFS, which is a decentralized manner to shop media, making it so that your NFT won't disappear off the net if one company decides to stop hosting information technology.

Like OpenSea, Rarible may ask y'all for a separate preview epitome for certain types of media, like videos or music — think of this as a video thumbnail or album art, which volition display whenever your NFT shows upwardly on the site.

Rarible gives you a few options for how yous'll sell your NFT.

Next, y'all'll desire to prepare your selling options. If you don't want to sell your NFT just yet, you can flip off the "Put on marketplace" switch, which is on by default. If you do want to sell your NFT, though, y'all'll accept options.

• "Fixed price" is like creating a store listing — you fix a price for your NFT, and if someone wants to pay that cost, they can just purchase it.
• "Open for bids" lets people submit offers to buy your NFT, which yous can either accept or reject.
• "Timed auction" is an auction — you can prepare a minimum price and choose when the sale will first and how long information technology will last.

For this instance, we'll go with listing our NFT for a stock-still price, which we tin can enter into the field. You can too choose which currency y'all'd like to receive (people can, all the same, ship offers in different currencies). When you're setting your price, call up that Rarible will take 2.5 percent if your NFT sells.

After you lot choose your selling method and details, you'll have the option to add unlockable content, which volition be provided to the buyer. This could be something like an invite link to a private Discord, a code to redeem something on an external website, or even but a message thanking them for buying.

The adjacent two options let y'all utilize cull your drove (we'll get with Rarible Singles for our example), and the Free Minting option, which lets you choose whether yous want to use Rarible's lazy minting system, which nosotros went over in Step iii. If you turn information technology off and are using the Ethereum blockchain, yous'll have to pay a gas fee to mint your NFT at the end of this process — when I was testing, the fee was around $120.

Name and description will be important to help you lot stand up out. Most people will desire to leave the free minting option on.

Yous then give your NFT a name — or title — and a description if you lot desire. Finally, you can choose the royalty pct. This will modify how much of each subsequent sale goes back to you in the future. For instance, if someone purchases your NFT for 0.ii ETH and so sells it for 1 ETH in the future, you'll go a percentage of that sale too — by default, it'due south 10 pct (so 0.1 ETH in our example).

The last option is the Advanced Settings, which lets you add backdrop to your NFT (which is completely optional simply could be useful if you were creating a series of characters with different properties) and alternative description text, which will help make your NFT more accessible.

Double-check that everything is exactly how you desire it, equally it could be expensive or incommunicable to alter later. So, when y'all're sure your NFT is practiced to go, click the "Create Item" button.

Your wallet, in this case MetaMask, volition ask you to sign a few transactions.

Doing this volition kicking off a serial of actions, during which you'll accept to approve some transactions with your wallet. If you're using a browser extension, you lot should go a popular-up when Rarible asks for your signature (if not, you can click on the extension's icon in your browser, and it should present you with whatever requests). If you're using an app, y'all'll want to open it on your phone, where you'll be presented with the request.

Your NFT has been created!

Afterwards approving a few wallet requests and a moment of waiting, y'all'll get a bulletin saying that your NFT has been created. You can click the "View NFT" button to see it, and yous can see your drove by going to your profile movie in the top correct and clicking "My Profile."

If everything's gone well, you lot'll now have an NFT listed for sale on either Rarible, OpenSea, or both. Still, as sellers have told me, that'southward not likely to get you lot very far — as you've seen, the process is relatively complicated, but the gold blitz-esque environment effectually NFTs has led many to try their hand at making ane. If you desire your creation to actually sell, you'll likely have to find some manner to rising in a higher place the noise, either through snazzy marketing or making your art absolutely infrequent (and then probably doing some snazzy marketing). That task, notwithstanding, I'll exit in your hands.

PS: Don't worry if your wallet has an NFT section, the NFT you made using this guide doesn't show up in it. Your wallet reads entries from the blockchain to figure out what information technology should display, and lazy minted NFTs aren't actually written to the blockchain until someone buys them — thus, they won't show up in your wallet after you create them.

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Source: https://www.theverge.com/22809090/nft-create-opensea-rarible-cryptocurrency-ethereum-collectibles-how-to

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