How to make an NFT? It’s an increasingly popular question now that NFTs are so popular. One NFT after another is selling for tons and as a result more and more people want to make their own NFTs.
The NFT market is now worth $41 billion and is getting closer and closer to the mainstream art market. Major public figures such as Elon Musk, Eminem and Gary Vee have already created and sold NFTs. These NFTs have been sold for colossal amounts. 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.
Take a quick look
Care to reiterate what exactly an NFT is? This video explains it very clearly.
Step 1: Choose 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 where 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 animal collection 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.
Also, NFTs that can be used as a profile picture often do well. This is because people like to show what they have, as shown again in NFTs. If you look at the top 100 collections on OpenSea right now, you’ll see that almost every single one of those 100 collections is some 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’ so to speak under all the other NFTs coming out. So if you want a chance to stand out, make sure you do something unique, something that the others aren’t doing.
However, what is even more important is that you choose a theme that you like. The process must also be fun for yourself, because if you do it solely for the opportunity to make money, it will probably never be successful.
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. However, Photoshop costs money. If you don’t 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 converted into NFTs. Are you a photographer? Or do you have beautiful photos from an old vacation? You can also make these for NFT.
Another possibility is that you must employ an artist. You can do this, for example, via Fiverr or Upwork. What is important is that the full commercial rights go to you, otherwise you may get into trouble later. So always ask extra for this.
It doesn’t 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 be creative and you will achieve the best results.
It is very important that you only make NFTs that you own the commercial rights to. If not, you may run into problems later in the process, which you obviously want to avoid. So make sure you don’t use anything that doesn’t belong to you. No images you don’t own the rights to, no music by other artists, no fonts you’re not allowed to use, etc. Everything you use must be homemade, or completely out of copyright.
Step 3: Determine the details
Now that you’ve created the art, it’s time to decide on the details of your NFT. There are still more choices to make before you can actually start creating your NFT.
The first choice you have to make is which blockchain you want to put your NFT on. Where NFTs started on Ethereum, there are now multiple 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 widely used chain when it comes to NFTs. For beginners, however, there is a downside to Ethereum. Ethereum is relatively expensive. Of course, there are also many advantages to 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. On Solana you pay only $0.00025 per transaction, where on Ethereum this will be between $10 and $150, depending on how busy the network is. Want to use Solana? So it would solar species 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. An advantage is that you can use the same marketplaces as with Ethereum. So you can do both OpenSea whose rare to use.
These are by no means all the options, but they are the most important. For the rest of this blog, we will 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 options have their advantages and disadvantages, but in principle they all work together.
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 description for your NFT. What is your name NFT? And what does this NFT mean? This is what you should try to describe here as best as possible.
Then you have to make the decision how many versions of NFT you want to release. You can release as many as you want. So you can also publish the same artwork 1,000 times. However, scarcity is one of the reasons why many NFTs increase in price, so you need to weigh this up yourself.
Then there is another important point which is royalties. You can also set royalties on your NFT. When you do this, you retain a portion 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 enter. While setting the highest possible royalty percentage certainly sounds appealing, it can also make people hesitate to buy NFT because it will be harder to earn in the future since they have to take part in giving the sales amount to you. So you will have to make that decision for yourself.
Step 4: Create NFT
We have already reached the final step: actually creating the NFT. As we mentioned earlier, for this example we will choose an NFT on the Ethereum network and we will use the Rarible marketplace. An advantage of Rarible is that the NFT automatically ends up on OpenSea. In addition, Rarible is very user-friendly and making an NFT is very easy. But how does one do that?
Let’s take a quick look at what you need first:
- ONE MetaMask wallet. You will use this to pay for NFT. Later, you will also use it to receive the sales amount (and any royalties). More about the MetaMask wallet and how to create it can be found in this blog.
- ETH (in your MetaMask wallet). You will use this to pay the gas fees that come with minting 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 with creating the NFT, we can 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 choice of ‘Single’ or ‘Multiple’. If you want to make 1 version of your NFT, click on ‘Single’, if you want to make multiple versions of your NFT, click on ‘Multiple’. In this case we choose ‘Single‘.
- Now it’s 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 must then choose how you want to sell your NFT. You can choose between ‘Fixed Price‘, in which case you attach a fixed price to your NFT,’Open for bids‘ in which case you will receive offers that you can manually accept or reject, and ‘Timed auction‘, in which case bids may be made within a specified time, if the highest bid is accepted at the end of that 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.
- After that you can choose ‘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. You only need to enter this here.
- The last step is to set the ‘Royalties‘. Enter the percentage you have chosen 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 final step is nowCreate item‘. Congratulations! You made your first NFT! Now is the time to promote your NFT and hope it sells.
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 looked at how to make an NFT! Something that many people have become interested in after the raging success of many NFT collections.
We’ve looked at the entire process from start to finish so you can get the most out of creating your own NFTs. Good luck!
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 question about crypto in our FAQ. You can also find a lot of information by googling your question + AllesOverCrypto.
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