HOW TO CREATE NFTs

NFTs are created on any of the blockchains available. Ethereum, which contains smart contract capabilities, is the most popular (unlike Bitcoin). There are, however, a few options, such as Binance Smart Chain and Flow by Dapper Labs. The Ethereum ERC-721 standard is the most widely used non-fungible token standard for tracking and transferring digital art and collectibles on Ethereum. The advantage of this standard is that virtual collectibles, tangible property, and “negative value assets,” such as loans can be tracked.

Once you’ve decided on a blockchain, you may wish to choose a platform that runs on that blockchain to enable you to mint your NFT on that blockchain for simplicity of usage. OpenSea, for example, is a prominent NFT platform and marketplace based on the Ethereum blockchain, with a section dedicated to ‘Creating’ NFTs. You’ll deposit some ETH from your wallet to pay for the development of your NFT on the Ethereum blockchain, accept the platform’s terms of service, and get to work on it.

Depending on the platform, in creating your NFT, you’ll have to submit an image, video, or music file, adding a name and a description. Furthermore, NFTs give the creator of the NFT the option of collecting a royalty for future resales of the NFT, which might be a strong tool for a creator to profit from any future sale of the NFT. Various alternatives are already available on different platforms, and more will be developed in the future.

You can sell your NFTs to your admirers now that you’ve minted them. Set a price for it and put it up for sale or auction! An article with a more detailed step-by-step breakdown of this method can be found here: https://www.coindesk.com/how-to-create-buy-sell-nfts

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