Making your own NFT is probably the best way to understand the concept and generate potential value. You have control over what assets you want to be represented, and there is little cost aside from time and effort (and transaction fees).
Creating an NFT is known as minting, and various platforms facilitate this process. The marketplaces mentioned earlier such as Rarible can be used and then you can list your NFT for sale.
First, you have to decide what asset you would like your NFT to represent. This could be a song you have recorded, a photograph you have taken or a 3D model you have created. NFTs support a vast range of files, including visual, music, 3D etc.
Once you have your asset in a traditional media file, you can upload it to your chosen platform and mint an NFT from it. This process will involve filling out the details such as a description of the asset, royalty percentages and more. Note – you will need to pay relevant transaction fees to confirm the creation of your NFT so ensure that you have funds available in your Ethereum wallet.
After you have minted your NFT, you can now list it for sale on a marketplace, and if people like it, you might get a sale. Going through this process will help you understand how it works, and the power NFTs put in creators’ hands.
NFTs are a fun and engaging sector within the crypto world. Their use is growing fast and so now is a great time to get involved. If you fancy yourself as being able to spot undervalued assets, NFTs can provide a way of leveraging that talent.
If not, create your own from a piece of creative work you are proud of and make your work directly available to an audience.
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