NFTs have exploded in popularity in recent years among some art collectors and investors. The verdict is still out on whether this is a fleeting fad or a legitimate investment class. Here’s a step-by-step guide on how to turn your work into an NFT.
How to mint NFTs
NFT stands for “non-fungible token,” a type of digital certificate built on a blockchain that guarantees ownership of a unique digital asset
- Minting digital assets as NFT is one way for artists to monetize their work
- One of the more innovative uses is the ability to guarantee credit for the original creation
Connect your wallet
Open a crypto wallet and then connect it to the NFT marketplace.
- Complete your profile by inserting links to your website or social media pages, and specify which cryptos you will accept as payment when someone purchases your NFTs
- Other marketplaces will use a similar prompt to connect your wallet and create a profile.
Manage your NFT business
Create more NFTs and make them part of a collection
- Monitor activity on your creations, look for feedback, and keep creating more work for digital collectors to purchase
- Collectors on NFT marketplaces build rapport and rapport builds rapport with potential patrons
Create your first item
Upload a digital file and give your NFT a name
- Optional fields include a description for your work, an external link to more info, and which blockchain to base the NFT on
- Click “Complete” and your first NFT has now been minted!
Early days for the NFT movement
There are reports of some digital creators making big, easy money by creating NFTs, but it’s still early days
- Turning your digital labor into a blockchain-based asset is nevertheless a promising field and one that could (eventually) completely reshape the way creators get paid
Make sure your wallet is funded
To complete your first sale, make sure you’ve purchased some Ethereum (or another crypto you plan on using) on a crypto trading app and deposit it into your wallet.
- Depending on the marketplace, you can then transfer the crypto from your wallet to your NFT marketplace account.
List your NFT for sale
Click on the “Sell” button in the upper right-hand corner of the description page
- Specify the type of sale you want to perform
- The marketplace will calculate the gas fee based on the cryptocurrency network’s activity level at the time of listing and request payment from your crypto wallet
