In recent years, people have sort of become obsesses with cryptocurrencies. That might not be the right word, but the point is that everyone is talking about them and far more individuals are actually familiar with these assets than in the past, when they first appeared. Of course, there are still people who have heard of nothing else but Bitcoin and who use that as an opportunity to join in on the conversation without looking as if they know nothing on the topic.
On the other hand, people who are actually interested in diving into this world and learning as much as possible about it have managed to learn some rather important things about the crypto world. And, they do their best to constantly stay up to date with new developments, which is why they have undeniably heard of NFTs already. If you don’t really know what these are, here is a definition to help you out.
Non-fungible tokens, or NFTs, have actually become quite popular in the digital world recently. So, even though some people might have heard about them, it doesn’t immediately mean that they are experts on the topic. In other words, even though you might have come across NFTs already, you cannot call yourself an expert on them, because it takes much more knowledge than that to be ready to say that you understand the topic perfectly and that you know what it is all about.
If, however, you are ready to do the learning, then you could use a guide to help you out. That is exactly why I have decided to provide you with a short, and yet a rather useful, guide on NFTs, focused primarily on teaching you how to make them and how to sell them. Those are practically the two most important things that you need to know about these tokens, meaning that you will get a much better idea on how they work once you are done reading this specific article.
Of course, we cannot just dive right into the topic of creating these tokens, as there is a great chance that you don’t even know what they are, and there is nothing unusual about that. This simply means that we will need to answer one question first, before proceeding to talking about the process of making and selling NFTs. In short, you need to figure out what these tokens are. And, you’ll find your answer below.
What Are NFTs?
As thoroughly explained at https://nftpay.xyz/blog/how-to-make-and-sell-an-nft-the-definitive-guide/, a non-fungible token is basically a digital asset that is stored on a blockchain and that is commonly used to represent digital art, music, as well as other forms of collectible media. Even though those are the common representations, let me tell you right away that an NFT can represent just about anything. Another thing you need to know is that NFTs cannot be duplicated, meaning that they are unique, which makes them even more appealing to everyone.
The fact that these tokens can be created by practically anybody is exactly what makes them so popular. In addition to creating them, you can also transfer ownership and thus trade and sell them, which is another great opportunity. Since you are probably interested in learning how to do both of those things, let us proceed towards answering those specific questions for you, since you undeniably need to get a better idea about it all before diving into this world.
How To Make Them?
So, like I mentioned above, non-fungible tokens can be created by practically anyone. If you are now thinking that you would need to have some mad coding skills in order to succeed in making them, then let me tell you right away that you are wrong. I get why you might assume something like that, since it is not every day that you can join in on creating certain coins and tokens without having the perfect coding skills. Yet, it seems that the day has arrived and that you can now do it even if you’re not really knowledgeable when coding is in question.
Now that you understand that you are perfectly capable of creating these assets, let me take you through the steps of doing it. As you’ll see, you will need to have certain digital and crypto skills, but coding is not one of those, as we’ve explained already. The first thing you have to do is choose a blockchain that actually supports NFTs. This shouldn’t be difficult, as there are some quite popular ones out there already.
Once you have found the right blockchain, you should proceed towards actually creating your NFT asset. As explained previously, this can be just about anything, as long as it is digital and as long as it can be stored on a blockchain. You could create an audio file, or a digital painting, or pretty much anything of the sorts. You just need to make something useful, since you’ll probably be selling the tokens later on. Once you learn what NFT is and once you get a clear idea on it, you won’t have a hard time getting an idea as to what to create.
After you’ve created it, you’ll need to upload it to the blockchain. Depending on the choice you’ve made previously regarding the type of blockchain, there might be different uploading requirements. Once all of these steps are completed, you’ll simply need to mint your NFT, meaning that you’ll be creating a unique token that will serve to represent your asset on the chosen blockchain.
How To Sell Them?
When you go through all the mentioned steps, you’ll probably want to start selling the token. You can do this by joining a platform that sells them, in which case the platform will be taking a percentage of your sales. Of course, you can also choose to create your own website or an online store, and thus have more control over those sales. Whatever you choose, though, keep in mind that you’ll have to promote the product in order to actually sell it.