How to make a NFT Part 2

In the previous article we shared a few initial steps of how to convert your art into an NFT. In this article, we shall share the remaining steps of the process of making an NFT. So, after creating a digital wallet, you will have to select a NFT marketplace best suited for your NFT.

Select your NFT marketplace

Next you need to select an NFT marketplace for this. OpenSea, Axie Marketplace, Larva Labs/CryptoPunks, NBA Top Shot Marketplace, Rarible, SuperRare, Foundation and Nifty Gateway are some of the top NFT marketplaces.

You will need to research each NFT marketplace to find a platform that’s a good fit for your NFT. For example, Axie Marketplace is the online shop for the top NFT game Axie Infinity. Meanwhile, NBA Top Shot is a basketball-focused marketplace. It’s also important to note that some marketplaces require their own cryptocurrency. Rarible, for example, requires Rarible crypto: Rari.

After selecting your NFT marketplace, you will need to connect it to your digital wallet. That will allow you to pay the necessary fees to mint your NFT and hold any sales proceeds.

Upload your file

You are now ready to mint your NFT. Your chosen NFT marketplace should have a step-by-step guide for uploading your digital file to their platform. That process will enable you to turn your digital file (a PNG, GIF, MP3, or other file type) into a marketable NFT.

Set up the sales process

The final stage is to decide how you want to monetize your NFT. Depending on the platform, you can:

Sell it at a fixed price: By setting a fixed price, you will allow the first person willing to meet that price to buy your NFT.

Set a timed auction: A timed auction will give those interested in your NFT a time limit to submit their final bid.

Start an unlimited auction: An unlimited auction doesn’t set a time limit. Instead, you have control to end the auction whenever you want.

You can also set your royalties to continue cashing in on your NFT if it resells on the secondary market

Conclusion: The non-fungible token ecosystem is growing fast and becoming easier to use. For anyone interested in minting their own NFTs, the process is quite simple. Whether you want to create, buy, or sell NFTs, there’s a project out there for you to use. Happy minting!