What is an NFT? NFT is short for non-fungible token, meaning a unique digital asset that cannot be replicated and is owned exclusively by the one who retains the ERC-721 address in its blockchain wallet.
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How to make an NFT (easy method)
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1. Create a crypto wallet, the most popular one being MetaMask
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2. Transfer ETH or MATIC from Gate.io to that wallet’s address
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3. Create an OpenSea account and connect your MetaMask wallet
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4. Select the digital art files you wish to mint, approve the needed fees (one for each individual artwork) and verify the transaction on your MetaMask extension
Promote your NFT collection with Gate’s Initial NFT Offering (INO)
You can apply to have your own collection listed on Gate.io’s NFT MagicBox platform. All you have to do is head to
the Apply for INO section, answer the
INO Questionnaire and Gate’s expert team will take over from there! It’s your best chance at having your collection viewed by tens of millions of users from all over the world.
The NFT technology, signifying “Non-Fungible Tokens,” has reshaped the market of digital arts and digital collectibles as a whole, continuing in an upwards pattern of popularity and adoption through several segments of the cryptocurrency sphere. But have you ever thought about making your own NFT collection?
In this article, we summarize how to make an NFT and how to promote your NFT collection to obtain the largest amount of NFT enthusiasts interested. Who knows, your project might just be the next great big thing in the sphere!
Note that you don’t have to invest in hardware or even understand cryptography to mint your own NFT. Even if you don’t have a background in digital art, know that you can create a profitable collection as long as it is interesting to investors and preferably has a community behind it.
What is an NFT?
NFT is short for non-fungible token, meaning a unique digital asset that cannot be replicated and is owned exclusively by the one who retains the ERC-721 address in its blockchain wallet. The opposite of NFTs, as an example, is something fungible; something that can be replaced by other assets of equal value and can be split into smaller parts without affecting the whole.
Examples of NFTs: Real estate, an autographed t-shirt, art pieces, an exclusive celebrity item.
Not NFTs: Bitcoin, cash, stocks, commodities, gasoline, etc.
NFTs were created through the Ethereum network and are fully decentralized; therefore, the owner/creator can hold them anywhere they wish without a central regulation to determine their worth.
Can you actually make money with NFTs?
Absolutely. Much like any trend or professional practice that can involve high incomes, the global media and finance communities always reference the extremes; you either have crypto traders making tens of millions of dollars, or nothing at all. You either have super successful crypto projects that raise billions in a few months or crash immediately.
The same goes for NFTs; while most look at artists like Beeple and collections such as Cryptopunks and Bored Ape Yacht Club for reference, the reality for most lies somewhere in the middle. You can have a very decent living through a successful collection without necessarily hitting the charts as a top 100 or top 500 project even. If your art is seen as valuable with a strong community to back it up, you’re on your way!
How to make an NFT (easy method)
OpenSea is the quickest platform to create your NFT then transfer it anywhere you wish.
As previously mentioned, it is not necessary to buy hardware or have any knowledge of cryptography prior to creating an NFT. You do need knowledge of how to transfer cryptocurrencies and use blockchain wallets, though. You don’t even need to install a program on your computer. So what do you need specifically for an NFT, after all? Well, you need an internet browser and some Ethereum for fees.
Create a crypto wallet
First, you need to create a digital wallet that is compatible with ERC-721 tokens. That is the standard for Ethereum-based NFTs. The most common one is MetaMask, which can be installed as an extension in browsers like Chrome and Firefox.
Transfer ETH or MATIC from Gate.io into that wallet
Once you have installed your MetaMask on your preferred browser, it’s time to purchase some ETH or MATIC for your minting fees! Doesn’t have to be much though, we recommend about $30 dollars total just as a precaution; it’ll most likely not get close to that. Once you have bought the asset through Gate.io’s
trading platform, you can quickly and safely transfer them via your
Gate.io wallet to your MetaMask address. Don’t forget to match the address of each network, as you cannot transfer MATIC to Ethereum or vice versa.
Create an OpenSea account
The process is very interactive through their website. As long as you have the necessary funds in your account it shouldn’t take long - if you already have your digital art all set up on your computer, of course.
Once your account has been created on OpenSea, it’s time to connect your MetaMask wallet with the funds you transferred from Gate.io. After that, click on “Create” at the top right corner and follow the steps, including choosing how you’ll mint the NFTs; through ETH or MATIC (usually much cheaper than ETH).
Select your collection
Once on “Create”, choose your collection through “select collection.” You can add as many as you want at once, as long as you have the funds to cover the fees, and put them all under one or more collections. Once the minting process starts, OpenSea will connect to your MetaMask wallet and request you to verify the transaction. Then, it’s good to go; you now have your collection officially created with blockchain addresses.
But how do you promote it, and attract as many eyes as possible to your newly-founded project? Turns out Gate.io has a fantastic initiative that answers that exact question.
Promote your NFT collection through Gate.io’s Initial NFT Offering platform
Gate.io’s Initial NFT Offering (INO) is the first service of its kind in the world. Through it, investors can invest early on new upcoming NFT collections before they gain massive popularity and you, the digital art creator, can apply to have your own collection listed on Gate.io’s NFT MAgicBox platform.
All you have to do is head to the
Apply for INO section, answer the
INO Questionnaire and Gate’s expert team will take over from there! It’s your best chance at having your collection viewed by tens of millions of users from all over the world. Simple and seamless, the process is promptly replied by the team, as well as the onboarding process in case you are approved. So get on to it and good luck!
Author: Gate.io Researcher:
Victor Bastos
* This article represents only the views of the researcher and does not constitute any investment suggestions.
*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.