To answer the popular question – “How to create an NFT” the simple answer is by following a set of 6 steps which are listed out below. But for NFT newbies, here’s a quick intro: NFTs are digital tokens stored on the blockchain. Unlike cryptocurrencies, where each coin is the same each NFT is unique and can be sold as a way to prove ownership over some sort of digital file.
NFTs – or Non-fungible tokens have moved on from Sci-fi and into reality with a range of brands like Budweiser, Starbucks and music labels, using these for their marketing.
And while they are still emerging, they are making big waves.
NFTs hold value because there is only one version of the assets made. In other words, an NFT can only have one owner at a time—no one can alter its ownership or mint the same NFT on the blockchain. Given this scarcity, creators/owners of NFTs hold the ability to set their own rates for their assets. Now you’re all set, let’s talk about the fun part…
Who can create an NFT?
Basically anyone with £100 or more to their name can create an NFT. It just depends on what you need it for. Today’s NFT platforms offer tools that let you create all sorts of NFTs, as well as attach unlockable content to your files. So, whether you’re a creative like an artist or musician, a collector, or a company, you can create your own NFT by using easy minting tools available on NFT marketplaces.
The Steps required to create an NFT
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Decide what type of NFT you want to create and get designing!
The main aim of an NFT is to promote excitement and sales so consider this first. Think about how you can offer value to your audience. If you already have a business, you can try creating a loyalty card or exclusive promo code. Stuck for ideas? Read our NFT marketing tips article.
As we’ve said before, NFTs can be created by anyone in formats like, an image, audio, or video file, think JPG, PNG, MP4, MOV. Options include artwork, event tickets, behind the scenes music and games. You can also go down the meme route if you choose to. It depends on what you’re looking to achieve.
It’s easy to create your own. However, games or something that needs a little bit of a technical eye, may need a developer, which you’ll need to factor into your costs.
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Store your NFT
There are a number of blockchains that can store your NFT which will keep a permanent record of your NFT. Look around as each blockchain will offer its own set of benefits.
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Make your wallet
The first thing to point out is that NFTs aren’t physical. You can’t make them and store them in your home. Instead, you have to create a digital wallet that the NFT token file sits in, acting like a proof of purchase. If you want to sell your NFT on, you’ll need to transfer your digital file via your wallet. There are a range of these around but the simplest two are MetaMask and Coinbase, which can easily be downloaded through the Apple or Android store.
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Choose your NFT selling platform
Like with NFT wallets, there’s a whole range of selling platforms that have been set up to let people confidently sell their NFTs. However, some charge expensive transaction fees or delve into technical abysses that can be complicated. We say, keep it simple. Pick either OpenSea or Rarible that give you the opportunity to create NFTs without paying anything. Create (or mint) your NFT then put it up for sale and pay a one-off fee once it’s sold. You’ll also be able to connect your wallet of choice here too by following the steps on the platform.
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Create the NFT
After choosing a format, now’s the time to choose the content of your NFT. Consider what your target audience is looking for and what will excite them when it comes to your digital work. To create excitement, consider a limited number of NFTs and don’t forget to make content around this relevant. Then it’s time to move on to the next steps…
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List the NFT for sale
Once you’ve created your NFT. It’s time to put it up for sale and pay a one-off fee once it’s sold. You can do this through OpenSea or Rarible and you’ll also be able to connect your wallet of choice here too by following the steps on the platform. These will let you list your item, pick the selling time and then you’ll receive the amount minus a deduction fee.
Marketing your NFT
Once you’ve completed these steps don’t forget to Market your NFT
We’ve got a whole load of NFT marketing ideas over here but a quick snip includes:
- Paid and organic posts on social media and within crypto communities where you can leverage competitions, live stream NFT events and share exclusive news.
- NFT SEO including researching keywords that should be implemented into your website to build up higher web rankings, blog pages to increase traffic and keyword inclusion and links that will boost your authority.
- Look at launchpads, which are communities for artists, creators, and organisations to mint or release their projects.
Want more info on NFTs and Web3. Give us a shout and see how we can help you.
