How to make an NFT? It’s an increasingly popular question now that NFTs are so popular. One NFT after another sells for tons, which is why more and more people want to create their own NFTs.
The NFT market is now worth $ 41 billion, and it’s getting closer and closer to the regular art market. Great public figures like Elon Musk, Eminem and Gary Vee has already created and sold NFTs. These NFTs have been sold for colossal sums. This is one of the reasons why many people find non-fungible tokens so interesting.
But how do you make an NFT yourself? What does this process look like from start to finish? That’s what we’re going to look at today! Let’s get started quickly.
Would you like to repeat what an NFT exactly is? This video explains it very clearly.
Step 1: Select a theme
The first step in creating an NFT is to choose a theme. Almost all successful NFTs have a clear theme† Just look at Beeple, the maker of the most expensive selling NFT to date. Beeple has been an artist for almost 15 years, and has always chosen interesting themes. For example, one of his collections, the GIGACHAD collection, consists of 100 NFTs in which Elon Musk, the GIGACHAD, exhausts his Doge (referring to Dogecoin). Beeple also often chooses to create art about politics or other current topics.
Animals have also been a popular theme for a long time. One successful collection of animals after another was released. You had Bored Ape Yacht Club, The Doge Pound, Cool Monkes Genesis, Phantabear and X Rabbits Club and we could go on for hours.
In addition, NFTs that can be used as a profile picture often seem to perform well. This is because people like to show what they have, as shown again in NFTs. If you look at the 100 best collections on OpenSea right now, you will see that almost every one of these 100 collections is a kind of character collection. These NFTs could therefore be used as a profile picture.
What is particularly important from a potential success perspective is that you choose a theme that stands out. Thousands of NFTs are created every day today and there is a very good chance that your NFT will be ‘buried’ under all the other NFTs that are coming out. So if you want a chance to stand out, make sure you do something unique, something that others do not.
What’s even more important, though, is that you choose a theme that you like† The process should also be fun for yourself, because if you do it solely for the opportunity to make money, it will probably never be a success.
Step 2: Make the art
Once you have a theme and an idea of what your NFT should be, it’s time to create the art itself. You can do this in different ways, depending on what you want.
For example, you can choose to do something with hand draw or paint† You can then scan this in and turn it into a JPEG.
What is also possible is that you have to do something yourself in a digital program, such as Photoshop. Photoshop, however, costs money. If you do not think it’s worth it, you can also choose a free alternative, such as Paint.net or Figma.
Another possibility is that you will take pictures, because photography can also be made for NFTs. Are you a photographer? Or do you have beautiful photos from an old holiday? You can also make these for NFT.
Another possibility is that you must hire an artist† You can do this via Fiverr or Upwork, for example. What is important is that the full commercial rights accrue to you, otherwise you may get into trouble later. So always ask extra for this.
It does not stop there. Do you make music? Do you play guitar or piano? You can also make this an NFT. Record it and make an NFT of the MP3 file.
As you can see, is the possibilities are endless† As long as your artwork can be made into a file, it can be an NFT. So get creative and you will get the best results.
It is very important that you only make NFTs for which you own the commercial rights† If not, you may end up in trouble later in the process and you want to avoid it. So make sure you do not use anything that does not belong to you. No images that you do not own the rights to, no music by other artists, no fonts that you may not use, etc. Everything you use must be homemade, or completely copyright-free.
Step 3: Determine the details
Now that you’ve created the art, it’s time to determine the details of your NFT. There are still more choices to make before you can actually start setting up your NFT.
The first choice you need to make is which blockchain you want to put your NFT on. Where NFTs started on Ethereum, there are now several blockchains that you can use for NFTs. Let’s take a look at the different blockchains that allow NFTs, but also which marketplaces belong to these chains.
- Ethereum† Ethereum is still the most widespread chain when it comes to NFTs. For starters, though, there is a downside to Ethereum. Ethereum is relatively expensive. Of course, there are also many benefits to using Ethereum. Ethereum certainly has the biggest name when it comes to NFTs and there are many potential buyers. If you want to use Ethereum, you can e.g. choose 1 of the 2 largest marketplaces: OpenSea and rare†
- Solana† Another popular chain for NFTs is Solana. An advantage of Solana for beginners is that Solana is very cheap. At Solana you only pay $ 0.00025 per transaction, where on Ethereum this will be between $ 10 and $ 150, depending on how busy the network is. Do you want to use Solana? Then it would solanart or Solsea suits you.
- polygon† You can also use Polygon. Polygon is a layer 2 on Ethereum. However, the cost is much lower with Polygon than with Ethereum, where you pay around $ 1 on average. One advantage is that you can use the same marketplaces as with Ethereum. That way you can do both OpenSea if rare use.
These are by no means all the possibilities, but they are the most important. For the rest of this blog, we choose Ethereum, with Rarible as the marketplace. It is very easy to make an NFT via Rarible. However, this is entirely up to you. All possibilities have their advantages and disadvantages, but in principle they all work.
Once you know which blockchain and marketplace you want to use, it’s time for several other choices. First you want one come up with a name and a description for your NFT† What is your name NFT? And what does this NFT mean? This is what you should try to describe here in the best possible way.
Then you have to make the decision how many versions of NFT you want to publish† You can release as many as you want. So you can also publish the same work of art 1,000 times. However, scarcity is one of the reasons why many NFTs are rising in price, so you need to weigh this yourself.
Then there is another important point, which is royalties† You can also set royalties on your NFT. When you do this, you retain part of the NFT’s right to profit. If someone then buys your NFT and then resells it, you will receive a piece of this sale amount. How much this is depends on the percentage you specify. While it certainly sounds appealing to set the highest possible royalty rate, it can also make people hesitate to buy NFT because it will be harder to make money back in the future as they have to take part in giving the sale amount to you. So you will have to make that decision for yourself.
Step 4: Create NFT
We have already reached the last step: actually creating the NFT. As we mentioned earlier, for this example we will select an NFT on the Ethereum network and we will use the Rarible marketplace. An advantage of Rarible is that NFT automatically ends up on OpenSea. In addition, Rarible is very user-friendly and it is very easy to make an NFT. But how does one do that?
Let’s first take a quick look at what you need:
- One MetaMask wallet† You will need this to pay for NFT. Later you will also use it to receive the sale amount (and any royalties). You can find out more about the MetaMask wallet and how to create it in this blog.
- ETH (in your MetaMask wallet). You will use this to pay the gas fees that come with stamping the NFT. For example, you can buy ETH via Bitvavo, Binance or Kucoin. You can also read how to get ETH into your MetaMask wallet in the aforementioned MetaMask blog.
Now that we have everything we need to get started creating NFT, let’s get started.
- The first thing we need to do is ‘log in’ by linking our wallet to Rarible. For this we click on ‘sign in‘in the upper right corner of the home page, then’Log in with MetaMask† Our wallet will now open and then press’Connect‘we are logged in.
- In the upper right corner is now the button ‘cabinet† We click on that. Then we click on ‘Ethereum’ on ‘cabinet†
- You will now be faced with the ‘Single’ or ‘Multiple’ option. If you want to make 1 version of your NFT, click on ‘Single’, if you want to make more versions of your NFT, click on ‘Multiple’. In this case, we choose ‘Single†
- Now is the time to insert your file. As you can see, you can insert PNG, GIF, WEBP, MP4 and MP3 files. You can do this by dragging your file into the box or clicking ‘choose File‘to click.
- You then need to choose how you want to sell your NFT. You can choose between ‘Fixed Price‘, in which case you tie a fixed price to your NFT,’Open for bids‘in that case you will receive bids that you can manually accept or reject, and’Time-limited auction‘, in which case bids may be submitted within a specified time if the highest bid is accepted at the end of this time and the NFT is sold. Here you can also enter things like prices and minimum bids. Remember that 2.5% of this amount goes to Rarible.
- Then you can select ‘free embossing‘ or not. When you choose ‘Free embossing’, it is not you who beats (and therefore pays the gas fee), but the buyer. This way you save costs and you can get your NFT on the market for free.
- The next step is to set the name and description you wrote earlier. So just fill this out here.
- The last step is to set ‘Royalties† Enter the percentage you have selected here.
- You can go under ‘Advanced settings‘Add a few more things, such as a text alternative to your artwork. Let’s leave it at that for now.
The last step is now ‘Create item† Congratulations! You made your first NFT! Now is the time to promote your NFT and hope it sells.
Do you want to take it all in again through a video? The video below from AllesOverCrypto tells you how to place an NFT on the blockchain yourself.
Today we have looked at how to make an NFT! Something many people have become interested in after the furious success of many NFT collections.
We have looked at the whole process from start to finish so you can get the most out of creating your own NFTs. Good luck!
Do you have questions about creating NFTs? Ask in our AllAboutCrypto Facebook group where we are now with more than 100,000 members! You can also easily find the answer to a crypto question in our FAQ. You can also find a lot of information by google your question + AllesOverCrypto.
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