Learn more about crypto with this collection
How to create and sell NFTs
The future of NFTs
The benefits and drawbacks of NFTs
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 on the blockchain. Instead, a link to the file is stored along with the token that acts as proof of ownership.
- You can have two or more NFTs for the same file. For example, an NFT can be rare because there are only 10 copies or it can be common because there are hundreds of the same NFT that have been "minted."
89
633 reads
MORE IDEAS ON THIS
Connect your wallet
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....
81
319 reads
Set up a wallet
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...
81
400 reads
Alternatives to Ethereum
- 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 ...
82
491 reads
Considerations when deciding to sell an NFT
- 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...
80
624 reads
Create an NFT on OpenSea
- Click the Create button in the upper right-hand corner.
- Click the box with an image icon in it to upload the file you'll be selling as an NFT.
- Give it a title. Add a URL in the External Link field that points to your website ...
87
290 reads
Listing an NFT on Rarible
- You will be asked whether you want to create a single- or a multiple-edition NFT.
- 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...
84
277 reads
Choose a platform to sell your NFT on
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 ...
85
529 reads
CURATED FROM
CURATED BY
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.
“
Related collections
More like this
How NFTs work
Traditional art is valuable because they are unique. But digital files can be duplicated.
With NFTs, artwork can be "tokenised" - a digital certificate of ownership that can be bought and sold. A record of who owns what is stored on a shared ledger known as...
What is an NFT?
NFT stands for Non-fungible token.
- cannot be exchanged/replicated/replaced because they are unique.
- allows you to buy & sell ownership of unique digital assets.
Non-fungible token (NFT)
- In economics, a fungible asset is like money - it is something with units that can be interchanged. With money, a $10 can be exchanged for two $5, and it still has the same value.
- If something is non-fungible, it has unique properties and cannot be i...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving & library
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Personalized recommendations
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates