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How to Make NFT?

You want to join the trend and create or "mint" this token. If you don't know how to do that, our experts prepared a quick guide. Here is what you should do to make your own NFT and list it for sale!
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The crypto world is evolving, and NFTs are the latest addition to it. You want to join the trend and create or “mint” this token. If you don’t know how to do that, our experts prepared a quick guide. Here is what you should do to make your own NFT and list it for sale!

What Is NFT?

A non-fungible token or NFT is your unique digital world asset. The crucial difference is that these coins aren’t interchangeable. While each Bitcoin has the same value, two different NFTs can vary in value significantly. 

Each non-fungible token is original and serves to prove your ownership over a real-world asset. That could be a game or piece of land within it, music, movie, or even a meme.

How to Create NFT – Basic Steps

If you want to create an NFT, you need to authenticate it on a blockchain. You can use Ethereum or Cardano blockchain, but the former is more popular. Here is a step-by-step explanation of how to mint your NFT.

  • Pick a Crypto Wallet

If you want to manage NFTs, you’ll need a crypto wallet. The trick is in picking one that supports either the Ethereum or Cardano blockchain, depending on which you choose for your NFT. The good news is many wallets support these options, so it’s up to you to find an option that suits you.

  • Get Some ETH or ADA

You’ll need a cryptocurrency to pay for the gas fee to mine your NFT. Depending on the platform chosen for minting, you might need to pay a small charge to the provider, too. Either way, you’ll need to acquire enough ETH or ADA. Make sure to store these funds in a secure crypto wallet.

  • Register to the Desired Marketplace and Mint the Token

Here is how that process looks:

  1. Pick the desired marketplace and register a free account. Connect your wallet or transfer funds to the wallet on that site.
  2. Choose the option to create NFT or mint a token. The actual button will depend on the site.
  3. Add the required information about your token. That includes its name, description, and other properties that prove you are the owner.
  4. Finish the minting process to create your NFT.

From here, you can choose what to do with your token next. You can hold, sell, or trade it as you see fit.

Pros and Cons of NFTs

Similar to almost anything else, NFTs have both advantages and drawbacks. Here are the main reasons why to try NFTs:

  • They are authentic. You can’t replace or change them, and it’s also necessary to confirm the authenticity of the ledger before managing tokens.
  • A new way to earn for creators. Whether you make unique GIFs or songs, this can help increase revenue from your work.
  • Potential value increase. As time passes, your NFTs can get a price boost, which means you can sell them for more money later.

As for the cons, they include:

  • The question of actual value. You might own the token, but that doesn’t stop others from sharing the goods in your ownership. That makes NFTs assets somewhat confusing.
  • Not an eco-friendly option. It takes energy to validate NFTs on the blockchain, and the environmentalists claim that’s not an eco-friendly approach.
  • Overall market volatility. The entire crypto market is volatile, and it’s no different with NFTs.

Listing NFTs on Marketplaces

The process we described above might vary depending on the marketplace you select. Here are some platforms to use for minting and putting your NFTs for sale:

  • Rarible. You can pick from different asset categories, ranging from games and memes to photos and music.
  • Opensea.io. The website claims it’s the largest marketplace, and it’s a beginner-friendly place to create and trade NFTs.
  • Foundation.app. This platform primarily focuses on digital art as it aims to make a “new creative economy.” 
  • Tokhun.io. Is the recommended marketplace for those who prefer using the Cardano blockchain for their NFTs.

 

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