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Learn To Create Your Own Non-Fungible Token (NFT) & Enlist On OpenSea | by Rashmeet Kaur | Blockchain Council

If you are a designer or an artist, you might know about Beeple who earned sixty-nine million dollars for a digital painting A.K.A NFT. If you are a part of the crypto world, you must have heard about ‘NFT’. But if you are a complete beginner what is a ‘Non-Fungible Token’ anyway? So, let’s try to define NFT before everything else.

A Brief On NFT

It is a unique piece of digital artwork that has no similar copy. Unlike bitcoin, you can’t trade one non-fungible token for another.

Blockchain is one of the fastest-growing technologies and business models for the last few years. NFT is the latest crypto concept that interests digital collectors, investors, and content creators. Do you want to join the NFT craze at its peak too? This article will talk about how you can mint your own NFTs on OpenSea.

So, What Is Opensea?

OpenSea is one of the leading platforms to create top NFT tokens. Enjoy a user-friendly creative experience and create your tokens for free. In a short period, OpenSea started pulling a lot of buyers. Wondering why?

This platform has some exciting and advanced features. Here’s an example, this platform allows you to sell your non-fungible token in bundles with other traders’ NFTs. It broadens your auditory and hence it is unique and only OpenSea has the feature.

Why Should You Create An NFT?

Creating an NFT means you are allowing your digital work to be unrepeatable. But you can sell or exchange the token at the same time.

If you think it this way, you can represent your ownership of an image, tweet, or digital art by creating your own NFT. The best part is that blockchain technology will regulate the whole thing and thus you have a huge potentiality. Once again let’s talk about Beeple, the famous American artist, who sold his entire collection of daily drawings for a whopping price of $69 million. It proves that the best NFT tokens have a huge scope for the long run.

The good news is that NFT is not limited to only the developers. Anyone, even a novice artist who is not popular enough, can create a personal token. So, keep reading this blog to know more about creating your very own NFT token.

A First-Timer’s Guide To Creating An NFT

Honestly speaking, creating your own NFT doesn’t need much. You don’t have to be an expert in smart contracts, cryptos, or blockchain technology. All you need to do is:

– Deciding which art, you are going to convert into an NFT token and what will be your platform to market it

– Have your own cryptographic wallet to store all your digital tokens in one place. It will be best when your wallet is compatible with Ethereum

– After choosing a platform check which cryptocurrencies are compatible with it. Just for an instance, you can start with the platform named Foundation which is there on Ethereum. So, you need to create your NFT with Ethereum

However, it was just a basic idea as a part of your NFT learn. Now, let’s move on to how to do it with OpenSea, one of the biggest NFT marketplaces available out there.


Step One, Log In To The Platform

The good news is that you can create your token on OpenSea for free. But you need to connect your wallet to this platform. Plus, you don’t need to list your best NFT tokens as there is a wide range of tokens and this site doesn’t have any moderation.

The next step is clinking on the ‘create’ button that you can see in the upper left corner. It will lead you to the page where you can connect your wallet. After following the steps accordingly, you are seamlessly registered on the platform.

Step Two, Creating A Brand-New Collection

When you click on the ‘create’ button, you will see the option to ‘create new collection’. Click on it and the platform will ask you to generate your signature from your wallet for verification.

After you are done with this step, you are free to convert your token into anything you want. For example, it can be a video, a music composition, a design, a photo, etc. However, you must have the copyright of the file.

On OpenSea, you can upload up to 100MB in a wide range of formats like GIF, OGG, PNG, MP4, GLTF, SVG, etc. Name your files properly and add all the additional links like a blog, or a YouTube video.

Step Three: Sign Your NFT

When you are all set with uploading and interlinking your files, click on the Create button. Once you click on it, the ‘sign’ window will pop up, sign it, and voila! You are all set with your top NFT tokens on OpenSea.

The platform won’t charge you any transaction fee at this point. However, when you start uploading the collectible, you have to pay.

Step Four: Portray It For Sale

Your NFT will not go directly to the market, you have to offer it to the buyers. So, how will you do this? Simple, just visit your profile, enter your NFT page by clicking on ‘My Collections’.

Before clicking on the ‘sell’ button, learn about the three different ways to trade it.

– Set up a selling price

– Establish an auction

– Sell it in a group of other NFTs

Once you have selected your way of selling it, fill in the information of:

– The minimum price you expect

– The price you think is appropriate to reserve the token

– The expiry date of the trading

Click on the ‘Post your listing’ button and your transaction will begin.

Final Step: Enjoy Your NFT

Congratulations! You are officially an owner of your own NFT!

We hope the written tutorial was useful for you! When it comes to the world of Crypto and NFT, there is a whole new level of different things to learn. If you want to stay up to date with the latest news of the best NFT tokens and cryptocurrency, keep an eye on our blogs.

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