Once your NFT is created, it may not be automatically listed for sale. If you want to sell it, find the option to list your NFT on the marketplace, then set your desired price and other terms. This step is optional but will allow you to better promote and monetize your creation.
Make sure to change the network to “Ropsten Test Network” for development purposes. You will need some Eth to cover the fees of deploying and minting your NFT. We need an Ethereum address to interact with our Smart Contract. It is a free virtual wallet that manages your Ethereum addresses. We will need it to send and receive transactions (read more on that here). Calling deploy() on a ContractFactory will start the deployment, and return a Promise that resolves to a Contract.
Step 3: Choose a platform to sell your NFT on
You may want to consider Coinbase’s wallet if you’re planning on getting into crypto more broadly, as it has support for blockchains not based on Ethereum, like Bitcoin. There can be catches — with OpenSea, listing your first Ethereum NFT for sale will require initializing your account, which will cost money https://www.xcritical.com/ (during testing in June 2022, I saw prices around the $60-70 mark). It is a one-time fee, and after paying it, you’ll be able to lazy mint NFTs without having to pay anything. Both OpenSea and Rarible let you create NFTs on Ethereum without paying anything, thanks to what they call “lazy minting” systems.
Now, let’s make another directory, ethereum/, inside nft-project/ and initialize it with Hardhat. Hardhat is a dev tool that makes it easy to deploy and test your Ethereum software. Head over to their website, create an account, choose Ethereum as your network and create your app. To actually connect these to our code, we’ll reference these variables in our hardhat.config.js file in step 13.
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They might differ from platform to platform, so that’s why each NFT artist should do some research on each platform to find the one most suitable for their needs. OpenSea lets users connect most of the popular crypto wallets, including MetaMask, Coinbase Wallet, Fortmatic, WalletConnect, and others. The process of creating an NFT does not have to be complicated, expensive, or technical. Anyone can learn how to make an NFT and create a digital version of their art, becoming an NFT creator.
We’ll also require ethers in our hardhat.config.js in the next step. To learn more about sending transactions, check out this tutorial on sending transactions using web3. Now that we’re inside our project folder, we’ll use npm init to initialize the project. If https://www.xcritical.com/blog/how-to-create-an-nft-a-guide-to-creating-a-nonfungible-token/ you don’t already have npm installed, follow these instructions(opens in a new tab)↗ (we’ll also need Node.js(opens in a new tab)↗, so download that too! One thing people new to the NFT world often wonder is what do people do with their NFTs when they buy them?
What do people do with NFTs after they buy them?
Once you’ve set up your MetaMask wallet, or any digital wallet, you’ll need to add some ETH to it. If you don’t already own some ETH, you’ll need to buy some now, so click on the ‘Buy’ button and select the option ‘Buy ETH with Wyre’. There are plenty of NFT payment platforms to choose from, with Coinbase, MetaMask, Torus, Portis, WalletConnect, MyEtherWallet and Fortmatic some of the best known.
- The NFT marketplace sold $3.4 billion worth of NFTs in August 2021 alone.
- SuperRare prides itself on being the NFT marketplace for digital artists.
- Now that you have deployed your NFT, it’s time to mint it for yourself!
- With that said, don’t go screenshotting someone else’s work (or tweets) and uploading that to the blockchain, as you’re likely to run into legal trouble along the way.
- You have successfully created an NFT and can sell it on OpenSea.
- There really is an NFT marketplace for everyone, so do some research and find the best one for you.
Many types of content — including images or audio files — can be minted into NFTs. Minters need to ensure that they own the rights to whatever they’re minting (either having purchased them, or as the original creator), as they could face copyright-related lawsuits if they do not. But, Teh warns, “a lot of people think that they can create an NFT, post it on a marketplace, and then sell it, become millionaires, and retire on an island. If it was that easy, everyone would do it.” Doing this will kick off a series of actions, during which you’ll have to approve some transactions with your wallet.
How to Make an NFT in 8 Steps
The NFTs act as a guarantee of ownership over the physical item. Suffice it to say, we can expect NFTs to exist on and between the digital and physical spaces in the future. After completing the series of steps, the blockchain will create (mint) your NFT and save it to your wallet. Once saved, you can choose to put the NFT on sale on the marketplace, find a buyer outside the platform, transfer in exchange for fiat or cryptocurrency funds, or store it as a collectible in the wallet.