NFTs, on everyone’s lips
We have no doubt that NFTs are one of the most important acronyms and movements generated in the last few months. And is not for less. We talk about them as Crypto ecosystem trendwhich, based on their numbers, increased their worldwide sales by 55% last year from $250 to $389 million.
This has interested many to approach them. So much so that his creations have also been upgraded. So if; It is possible to create our own non-fungible tokens. As we know, NFTs are collectible crypto assets unique and has been around since 2012 when the concept of so-called “colored bitcoin coins” emerged.
So these (virtual) currencies were simply marked with satoshis or “colored” with characteristic information. linked them to real assets. For the most part, however, they were used for creating and trading. The world of NFTs started to evolve little by little and in the last few years has reached the point where it exploded and became the talk of the town.
For example; in April 2021, the protagonist of the famous Disaster Girl meme Bagged $500,000 for selling the original file. In May, Larva Labs sold nine cryptopunk heads, digital creatures designed by pioneering NFT startup in 2017, for $16.9 million.
In July, Berners-Lee made $4.5 million from the sale of the original WWW archive he developed in 1991. And already in September, Russia’s leading museum, the Hermitage in St. Petersburg, raised almost half a million dollars at an auction of NFT of works from their collection. It’s just data, but it’s there. Creating NFTs is possible and in case of sale they can run out very juicy operations.
These tokens as such are kept in wallets, which also have their own unique addresses. Token IDs point to wallet addresses on the blockchain, a large publicly accessible database so anyone can verify digital ownership.
What must we do to create ours?
However, this requires a number of steps, some considerations follow create an NFT in a realistic and accessible way. For this we can do it in two places or markets. or from open seaor from Rarely. Both are the main platforms for this creation.
While Rarible dominates overall sales, OpenSea offers other related services including the ability to create your own NFT web store powered by the OpenSea exchange. Both platforms allow users upload yours and create collections no technical knowledge required Blockchain.
Before you begin, you should know that there are some upfront costs. NFTs work with Blockchain. They usually do it with Ethereum. The usage of Blockchain has its price network tariff what do you have to pay tokenize your creation.
For Rarible, this requires artists to mint their NFTs on the blockchain (on-chain) during creation. This means that the costs are lower when operated on a recurring basis. On the other hand, if you are planning to sell a pair of NFTs Huge prizes, rare is probably your best option. On the other hand, if you want to create a variety of cheaper NFTs, you can switch to the OpenSea Collection Manager.
With that, and amid the growing boom for NFTs and with so many celebrities participating in this odd trend, it’s quite normal that we don’t want to be left out. It is true that Opensea can be a great place for our creation on this occasion
- First you need one wallet of this network that allows interacting with DApps since OpenSea works with Ethereum, so MetaMask, Coinbase Wallet or Trust Wallet are some that can help us.
- After you’ve selected the wallet and your goal is to sell an NFT, you’ll need some Ether (ETH), the Ethereum cryptocurrency.
- However, if you just want to try it without spending any money, OpenSea is available on various Ethereum testnets like Rinkeby.
- Regarding the platform commissions, 2.5% will be charged if you manage to sell your NFT.
Like Opensea, Rarible is another digital marketplace for these tokens non-fungible where we can buy, sell and create our own NFTs. At the same time, Rarible users can also create and mint their own NFTs within the platform and provide the accessibility required for those who don’t have much experience in the world of programming.
It is important to note that this type of market has extremely low barriers, which is why it has become one of the most popular routes to create but also sell NFTs. These are the steps to follow for our creation.
- Access Rarible.
- Select “Create NFT”.
- Choose between “Individual NFT or Collection”.
- Upload the file.
- Provide the details and their description.
- Send to Rarible.
- Confirm the build order.