How to Create an NFT

 As a reminder, "NFT" stands for a non-replaceable token. It is essentially a virtual certificate registered on the blockchain that allows the identification of digital work, such as a certificate of authenticity. Unlike currency, NFTs are non-interchangeable - which means they cannot be exchanged for goods or assets of the same value.

NFTs can be sold in digital markets, where only transactions are made in cryptocurrencies. Blockchain technology makes it possible to ensure the security of these transactions. As an artist, using NFT is a way to sell your work without relying on galleries or auction houses.

Wondering how to make NFT? Whether you are a musician, illustrator, designer, videographer, photographer, illustrator, or even a GIF creator, in this guide, you can learn more about how to create an NFT, including:

• Market registration

• Download your work and meet the terms of the sale

• Sell your business

What is the value of an NFT?

The whole point of the NFTs is to create scarcity in the digital world, where abundance and copy are prevalent. Remember that NFTs "only" sell ownership of a digital object - the creator retains his economic and commercial rights.

In an actual next-generation technical marketplace, NFTs work like trading cards. The law of supply and the demand is the only regulation for determining the value of an NFT.

Since the market is still relatively new, it is difficult to identify the factors determining how the value of NFT will rise. 

However, some of the parameters that can increase NFT prices are:

• Its rarity

• Tangible (if it is a real object)

• Its usefulness (for example, if the NFT can be purchased as a ticket to an event)

• Its source (the more popular the NFT, the more expensive it is)

The Art of NFTs - Who Can Create an NFT?

Are you wondering if your creations can be included in the blockchain and become the NFT? When it comes to the NFTs, (almost) anything is possible. You can create the NFTs from:

• Artwork (drawings, paintings, photos, etc)

• Songs or music tracks

• Movies

• Collector's items (such as a game card)

But you can also create NFTs from:

• The GIFs

• Tweets (yes, really!)

• The virtual worlds

• Virtual Objects in Video Games

• The Domain names

• The tokenized assets (real estate, cars, etc.)

Of course, you have to own the rights to the work to convert it to NFT.

1. Choose the blockchain for your NFT

The first thing you need to decide is which blockchain you want to "mined" - in other words, where you want to register, verify and time-stamp your NFT. The blockchain is a global database secured by its decentralized system. Blockchain technology is also what enabled the creation of cryptocurrencies.

The most widely used blockchain for selling NFTs is Ethereum.

However, other blockchains also allow NFT issuances, such as Binance Smart chain, Flow, Tron, and the EOS.

2. Get the crypto wallet to sell your NFT

Once you have chosen your blockchain, you will need to create a cryptocurrency wallet, which is essential if you want to carry out cryptocurrency transactions, such as receiving or exchanging cryptocurrency for a "standard" currency.

To create an NFT, you can use host wallets such as Coin base or Kraken.

3. Choose a market for your NFT

These days, there are the lots of websites where you can create and sell NFTs. 

Among the most popular markets:

• Open sea

• Rare

• Mentable

These sites are similar to online digital art stores, but the transactions are done in cryptocurrency.

NFT creation rates vary, as do fees. Unfortunately, there aren't the many platforms that won't charge you network fees.

The steps also depending on the platform you choose, but here's an overview of how to create an NFT:

• Choose the platform and start creating your own NFT. Next, you will be asked to select the number of copies of your work (single or multiple).

• The chosen platform will ask you to connect your crypto wallet before giving you access to the NFT creation page.

• To create an NFT, you must upload the file of your choice — JPG, PNG, GIF, WEBP, MP4, and MP3 files are all accepted.

• Next, you must choose between a fixed price, an accessible price, or a time-limited auction.

• You will also need to provide details about the NFT: title, description, collection, any commissions in case of resale, etc.

• Finally, you will need to sign the required documents and permits.

• And there you have it - you just created your first NFT!