How to create an NFT — and why you may not want to - Deepstash

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This article explains the basics of NFTs and then explores how to create an NFT using two of the most popular marketplaces. It is meant to be a brief guide to help you get started.

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How to create an NFT — and why you may not want to

How to create an NFT — and why you may not want to

theverge.com

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Quick overview of an NFT

  • NFT's  (non-fungible tokens) are digital tokens that are stored on a blockchain.
  • In cryptocurrencies, each coin is the same, whereas, each NFT is unique. NFTs can be sold as a way to prove ownership of a digital file.
  • The files are not stored...

  • Transaction fees. Some platforms will let you create NFTs for free, but selling them has other demands.
  • Most NFTs are sold on the Ethereum blockchain, and every transaction on the Ethereum blockchain costs fees.
  • The f...

Many platforms allow you to sell NFTs across a variety of blockchains. Two of the more popular marketplaces are OpenSea and Rarible

Both allow you to create NFTs on Ethereum without paying fees, using "lazy minting" systems. Lazy minting ...

  • Rarible lets you sell NFTs using the Flow blockchain if you sign up for it using the Blocto wallet. However, choosing to use Flow on Rarible will limit you to single edition NFTs. You can't sell them with an auction.
  • OpenSea ...

Wallets are applications you use to store your cryptocurrencies and any NFTs you end up minting or buying. Use a wallet that is compatible with the blockchain you're using.

  • MetaMask's wallet is widely supported by Ethereum-based applications like OpenS...

Once you have a wallet set up, connect it with the NFT marketplace you want to use.

  • With OpenSea and Rarible, click the create button in the top left which will ask you to connect your wallet. You will be presented with a list of compatible wallets you can choose from....

Create an NFT on OpenSea

  1. Click the Create button in the upper right-hand corner.
  2. Click the box with an image icon in it to upload the file you'll be selling as an NFT.
  3. Give it a title. Add a URL in the External Link field that points to your website ...

Listing an NFT on Rarible

  1. You will be asked whether you want to create a single- or a multiple-edition NFT.
  2. Next, upload the digital file using the Choose File button. It will eventually end up on the InterPlanetary File System (IPFS),  a decentralised way to...

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