Do you have a creative mind, are
passionate about new technologies and want to sell your works in an original
way thanks to NFT? Find out in our guide how to create this digital certificate in minutes and
for free in order to
sell your creations using blockchain technology.
How to create an NFT?
As a reminder, an NFT is anon-fungible token(non-fungible token). In other
words, it is a virtual certificate registered on ablockchain, to identify a digital work, a bit
like a certificate of authenticity, but dematerialized. Unlike a currency,an NFT
is non-interchangeable, that is, it cannot be exchanged for a good or asset of the same value.
An NFT can besold on a marketplace, marketplaces, where exchanges are
made only incryptocurrency. Blockchain technology guarantees
the security of transactions.
As an artist, selling his works of
art via NFT technology is a new way to get paid, without going through
intermediaries.
Wondering how to create an NFT?
Whether you are a musician, painter,
draftsman, videographer, photographer, illustrator… or GIF creator, we will see
in this guide the different steps to create an NFT, namely:
- Register on a marketplace
- Download his work and fulfill the conditions of
sale
- Sell his work
The art of NFT: who can create an
NFT?
Wondering if your creations can be
listed on a blockchain and become an NFT? Know that in this area, everything
(or almost!) is possible. Thus, you can create an NFT from:
- A work of art (drawing, painting, photo, etc.)
- Of a song or music
- Of a film
- From a collectible (game card)
But also :
- From a GIF
- From a tweet (yes!)
- From a virtual world
- Of a virtual object in a video game
- From a domain name
- A tokenized asset (real estate, car, etc.)
Be careful, of course you have toown the copyright to the workto create an NFT.
Twitter co-founder Jack Dorsey sold
his very first tweet for 2.9 million euros! Before making a fortune (or not!),
however, you must go through several steps to create and sell your NFT:
1. Choose a blockchain for your
NFT
The first is to identify the
blockchain on which you want to "mint", i.e. register by having your
NFT verified and timestamped. A blockchain is a secure global database thanks
in particular to a decentralization system. It is thanks to blockchain
technology that cryptocurrencies have emerged.
The most used blockchain for selling
NFT is Ethereum.
However, other blockchains allow
NFTs to be issued, such as Binance Smartchain, Flow, Tron or EOS.
2. Have a crypto wallet to sell
your NFT
Once your blockchain has been
chosen, you will have to create a cryptocurrency wallet, essential fortransact in cryptocurrency, receive your cryptocurrencies and
exchange them for classic currency. In this article, we are going to take the
most popular database in the NFT universe, namely Ethereum, whose
cryptocurrency is Ether (ETH).
To create an NFT, you can simply use
hosted wallets like Coinbase or Kraken.
If, on the other hand, you want to
invest in cryptocurrencies, in this guide we explain everything you need to
know to choose a cryptocurrency.crypto wallet.
3. Choose a marketplace for your
NFT
Today there are many sites that
allow you to create NFTs and then sell them. Among the best known are:
These sites are therefore a kind ofonline digital art shops, where transactions take place in
cryptocurrency.
You want to knowhow to create an NFT for free?
The prices offered to create an NFT
vary and the fees applied are different. Rarible is the platform that does not
charge network fees to create an NFT.
The technique may change depending
on the platform chosen, but here is a small overview of the creation procedure:
1. Choose the
platform and initiate the creation of your NFT. You will first be asked to
define the number of copies of your work (single or multiple)
2. The chosen
platform will then ask you to connect your crypto wallet, before giving you access
to an NFT creation page.
3. To create
your NFT, all you have to do is upload the file of your choice. JPG, PNG, GIF,
WEBP, MP4 or MP3 extensions are accepted.
4. It is then
that you will have to choose your fixed price, a free price or a time-limited
auction, for example.
5. Finally, it
will be necessary to specify the details of your NFT such as its title,
description, collection, any commissions in the event of resale, etc.
6. Finally, you
will need to sign the required documents and authorizations.
There you go, you have created your
first NFT!
Regarding the rates charged by the
main platforms, note that thanks to the "lazy mintingfrom Rarible, you no longer need to pay network fees
(known as gas or gas fees) to create and sell your NFT. Indeed, your NFT will be
registered in the blockchain when the work is sold, and at the expense of the
buyer.
On Opensea, on the other hand, you
will have to pay gas fees to register the sale of your NFT in the blockchain.
What is the value of an NFT?
The whole point of NFTs is tocreate scarcityin a digital world where abundance
and copying reign. Please note: NFTs “only” sell thepropertyof a digital object, the creator
retaining the economic and commercial exploitation rights.
Truenew generation art market, NFTs work like trading cards.
There is no regulation, only the law of supply and demand determines the value
of an NFT. In 2021, the NFT market weighs more than$9.2
billion.
Since the NFT market is still
relatively new, it is difficult to establish the factors determining how it
increases in value. Nevertheless, we can however retain several parameters that
increase its price:
- Herscarcity
- Hertangibility(the fact that it is a real object)
- Hisusefulness(for example, it is possible to buy an NFT as a
ticket for an event)
- Histransmitter(the more famous, the higher the price)
How to sell an NFT?
Are you an artist wondering how to
sell your NFT? Several options are available to you:
- Communicate on your NFTto your community using the
"classic" means: e-mails, sharing on social networks, etc.
- Speak directly to NFT collectors. For this, you can communicate
on Instagram and Twitter using specific hashtags like #cryptoart #nft
#cryptoartist #nftphotography, etc.
- Take an interest in metaverses specializing in
NFTs, likeCryptovexelsWheresomniumspace. A metaverse is a 3D virtual world
accessible using a browser.
Report NFT Sales
There is no specific legislation, in
2021, concerning
the declaration of sales of NFT in France. However, this should change in 2022.
The deputies currently working on next year's finance bill are indeed debating
the creation of a separate status for NFTs. They could be given a tax regime
similar to those for non-digital works of art.