Non-fungible tokens or NFTs arrived on the radar of the internet world in 2021. For the longest time before 2021, NFTs flew under the radar of everyone else. Except for a few groups of people familiar with NFTs, non-technical circles were not aware. Today, the scene is different. Everyone on the internet has heard about NFTs even though they may not understand their full use cases.
NFTs are a boon for all kinds of creators, brands, and enterprises. They help in building a direct relationship with fans and consumers of all kinds, from all over the world. This direct relationship was never possible before. Artists and creators focused on creating, while others created value with it. Like record labels and distributors. In this, creators did not receive the full commercial benefits of their creations. Blockchain technology promises to upend this old system using NFTs. Hence, the bulk of the NFT movement and attention is in digital art and games.
Today’s post is about creating an NFT within 15 minutes. Read on ahead to know more. Likewise, first, let’s understand what NFTs are.
What are NFTs?
Non-fungible tokens or NFTs are digital files that live on the blockchain. The blockchain is a decentralized database that is not in the control of a single party. Hence, NFTs are scarce digital objects whose ownership is unique and verifiable. On the internet that we use today, digital files like images and videos are easy to replicate and copy-paste. But, their ownership can be verifiable when we build a new internet based on the blockchain. Hence, this means that the blockchain is like the real world. Anything can get tokenized and its owners can get traced on the blockchain.
We’ve arrived at the dawn of a global market.
How to Make an NFT in 15 minutes
Artists have become the first cohort of creators active in NFTs to find an audience across the world. While popular artists like Beeple embraced NFT technology, many others are still waiting. For instance, auction houses like Sotherby’s and Christie’s. They have jumped aboard the NFT bandwagon. So have luxury brands like Dolce & Gabbana and Louis Vuitton.
As a potential NFT creator, here’s how you can create your NFT in 15 minutes or less.
Make a Cryptocurrency Wallet
Blockchains birthed cryptocurrencies, decentralized finance and NFTs among many other use cases. Hence, it is prudent to reason that you need a cryptocurrency wallet to use the blockchain for NFTs. The key fact to remember is that there are many blockchains. Bitcoin is a blockchain used to send Bitcoin from one person to another. Likewise, Ethereum is the most popular blockchain used for deploying NFTs.
MetaMask is the most popular cryptocurrency wallet. It’s compatible with Ethereum and other popular blockchains. Like Binance Smart Chain, Polygon and Harmony. Likewise, there are other cryptocurrency wallets like Keplr (compatible with the Cosmos blockchain). There’s also Terra Station (compatible with the Terra blockchain). In an ideal scenario, you can start with MetaMask and continue your exploration.
Create your Digital File
As a creator and a potential artist, you will need to figure out which ones you want to turn into an NFT. For instance, if there is an artwork in digital form – an image or music file or video – consider turning it into an NFT. What does it mean when we say ‘turn into an NFT’? It means that your creation is going to get stored on the blockchain. Once stored on the blockchain, your work is an NFT. Its ownership is verifiable based on your cryptocurrency wallet address. If someone wants to check, they will see the artwork labeled as owned by you, with your wallet address matched on it. This post assumes that you have a digital file ready to mint into an NFT. If not, you’ll have to create one from scratch.
Find an NFT marketplace
To turn your digital file into an NFT, you can do two things. If you’ve a developer friend, you can take his or her help. If not, in a majority of cases, NFT artists are not lucky to know developers or coders. Hence, it is better to rely on service-providers who will store your work on the blockchain for you. This is in exchange for a small minting fee. For instance, NFTICALLY is a venture that helps you create your own NFT marketplace. Likewise, Foundation and SuperRare help creators to list their work and mint NFTs. Likewise, Opensea and Mintable also help creators to list their work and start selling it.
You need not be from a technical background to start mining your creations into NFTs. As explained in today’s post, there is no longer any secret when it comes to creating NFTs. What matters now, is the value and utility your NFT brings to the blockchain table. Hence, think deep within yourself. Study some great NFT projects around like Bored Ape Yacht Club. There is no longer any doubt that NFTs are here to say. Things change fast in NFT land. You better get used to it.
NFTICALLY is a venture that helps brands, creators, and enterprises to create and launch their own NFT marketplaces.
NFTs are revolutionizing the way we think about ownership and value of digital assets, bringing together artists, collectors, gamers, and entrepreneurs alike. From virtual art collections to representing virtual lands in the Metaverse, non-fungible tokens…
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