NFT or Non — Fungible tokens are a way of a unique digital or real world asset verified on block chain .
NFT is a latest technology a mode of exchange of authority or ownership around the globe.
What is Non- fungible tokens ?
Why are they Valuable ? click here
So , today it is about how to create , sell or buy a NFT.
How to create a NFT?
There are going to be four steps in creating your first NFT. You do not need any previous crypto etc. experience for this , so lets get started ,
- We need to set up a new crypto wallet .
- Buy little bit of Ethereum cryptocurrency.
- Connect your wallet to one of the popular NFT marketplaces .
- Listing Art and turning it into a NFT.
- Creating a new Crypto wallet
First of all you do not need any previous cryptocurrency experience , so do not worry about that.
Head out to your app store and download any Ethereum wallet which we will use to store your NFT and store the ethereum crypto coins , for eg Rainbow Ethereum wallet. There are tons of others you can download. It is super simple to use, you just need to open it up and your account will be automatically created . You will also get an option to back it up using google drive. So it is 100% secure.
2. Buy little ETH
Now to get started you need to buy some ETH with apple pay , so i would suggest to start with $100 if you are planning on creating your own NFT , because there are pretty high fees associated with making new NFTs, one other reason it being so high is the hype around this latest technology. If you are an android user you can use a credit/debit card to proceed with payment.
3. Connect wallet to one of the popular market places
Now as your wallet is ready and filled , we can connect it to marketplaces where you can buy sell or create your own NFT. So there are many popular sites to which you can connect to , but some requires invite . For eg Rarible.com which is one of the most accessible NFT marketplace , you don’t need any invite and it is quiet simple to get started.
Now head to the site and in the top corner you will find connect , now you will head towards a bunch of different wallet connections , now if you are using Rainbow wallet you need to use wallet connect , if you are using some other wallet you will need to find out which works for you. When you will click on it it will bring up a QR code , scan using the Rainbow app and your wallet will be successfully connected.
4. Listing Art and creating a NFT
Now your wallet is connected ,s o we can move onto how to create a NFT.
Just go to the Kapwing studio editor , Kapwing is one of the best options for creating NFTs beacuse you can create any image as you see fit , add images , text, textures , color gradients and create all sorts of content using it . You can create simple to complex pictures , videos , gifts any sort of thing that can be turned into a NFT can be made in Kapwing. Now after creating your content you just need to export it and download it . Now head back Rarible and you will see create option , you will get two options Single and Multiple .
Single , there will only be one of the image on the blockchain to get sold and in Multiple there will be 10 or 30 copies of the content to be sold on blockchain . To make it unique i would say to create only single.
Now the next page is very similar to upload screen on other apps , you just need to click on upload , select your file . You will have many other options like to put in on sale or just make it a NFT to keep in your own crypto wallet .
You can put it on sale on an instant price like on ebay or you can let it go for regular auction where people make bids and you choose to accept them or not.
Now after this it will ask for the permission for transaction from your wallet , this will be the little fee that is for minting the NFT you have created . After its completion it will be posted online on the site for the people to buy .
How to Buy or Sell a valuable NFT ?
Open sea is the largest market place for Buying and selling of NFT . They have millions of assets NFT and they are still growing each and every day . As the no. of art works will increases , so does the chances of similar artwork and decrease in uniqueness of the content.
In order to know that the NFT you are going to buy or the NFT you are holding is really valuable in the future.
To read click here
