5 easy steps to make and sell NFTs

NFTs have taken the digital art world by storm and provided a lot of avenues to sell art for millions of rands.

Nonfungible.com reports over $15 billion in primary and secondary sales on the Ethereum blockchain in 2021, up from $67 million just one year prior.

Almost everyone has wondered  NFTs is. What are NTFs anyway? NFT means Non-Fungible Token.

NFT data can be digital files such as photos, videos, audio and even tweets have been sold. They are stored on the crypto blockchain.

Don’t worry yourself about blockchain, all you need to know is if you have NFTs, you can put them up for sale and someone can buy them, own it and resell it.

Some NFT platforms to use are OpenSea, SuperRare, Nifty Gateway, Foundation, VIV3, Rarible, BakerySwap, Axie Marketplace and NFT ShowRoom. The most popular is Opensea.

Payment wallets include Coinbase, MetaMask, MyEtherWallet, Torus, WalletConnect, Fortmatic and Portis.

To be able to mint or make an NFT you have to pay some fees to these platforms with your payment wallets. The payment is usually made in cryptocurrency, the cryptocurrency used for NFTs is Ethereum.

If you have Ethereum, transfer it to your digital wallet, if you don’t have it, buy. The money you earn will also be in a cryptocurrency which is convertible to cash.

Once you’ve set up your digital wallet, add some Ethereum to it or buy, then connect your wallet to the NFTs platform because you need your wallet to sell your NFTs.

Most NFTs platforms or marketplaces accept files in PNG, GIF, WEBP, MP4 and MP3 files, up to 30MB in size.

Add a description of your artwork and the percentage of royalties you would like to collect on further sales.

There are 3 ways to sell an NFT; timed auction, limited price or unlimited auction.

A timed auction means that you set a price and a time. Limited price means there is a minimum price it can be bought and unlimited auctions mean you put it up for sale and accept a price that you find suitable.

Before you can sell your NFTs you have to pay the listing fee which is basically for Ethereum miners and for that you need to fund your wallet.

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