Make Money-Create Your Personalized NFT Today | by Gayle Kurtzer-Meyers | Jan, 2023

Crash course step by step guide

“Creativity is thinking up new things. Innovation is doing new things.”-Theodore Levitt, Renown Economist-

One should only create something with at least a bit of knowledge. I’m one of those obsessive souls that read directions before, during, and after I build anything for the first time. I am a family favorite for putting things together, and after the masterpiece (ok, perhaps the little red wagon, lap top setup or holiday craft) is done, my curiosity sets in.

So, now I find myself getting a little background knowledge on the item. Yes, a little background knowledge is essential. So, let’s get started with a short briefing before we create our own personalized NFT.

By the way, about that little red Radio Flyer wagon. It all started when 16-year-old Antonio Pasin came to America from Italy in 1914. He began as a young cabinet maker and decided it was easier to tote his supplies with a wagon than by hand. His customers started requesting more orders for the wagons than the cabinets. In typical entrepreneur fashion, he chased what was hot at the time.

Brief background

NFTs and cryptographic arts are the internet’s latest obsession, as almost every news outlet now reports the ground-breaking transactions of digital art. As a result, the word “NFT” has gained massive attention and has become the buzzword for crypto enthusiasts, art lovers, and virtually anyone with a smart gadget.

With predictions highlighting that this “baby industry of art” would be valued at over $70 billion in 2025, everybody is trying to hitch the opportunity NFT has. This article details all the necessary information to create an NFT project for fun or profit-making. It also explains how to set up your NFT project.

What is an NFT?

The term NFT refers to “Non-Fungible Token.” A Non-fungible token describes anything original, unique, and rare. NFTs are more than Bored Ape Pictures or rare Crypto Kitties; they can represent anything that cannot be replicated, duplicated, or substituted for another.

The financial value of an NFT is tied to the project holders, community, and its rarity level. (The reason why NFTs of the same collection vary in price and value.)

How do NFTs work?

Although they both depend on the Blockchain, NFTs and cryptocurrencies differ. NFTs are digital assets with unique and non-replicable addresses stored on the digital public ledger. When an artist (or someone) creates an NFT on the Blockchain of their choice, smart contracts assign ownership and generate an ID.

This unique address, identification, or metadata reflects the art or NFT authenticity and proves ownership. Hence, the Blockchain and Smart contract turns your uploaded picture, pixels, GIF, audio, short videos, or animations into a non-fungible token with a unique identification address that cannot be replicated or equated with any other crypto token or NFT.

If Antonio Pasin were with us today, he’d probably be creating his own NFT.

How can I create my personalized NFT?

NFTs have generated high revenue for many projects and communities. The sales, purchase, and flipping of NFT arts have undoubtedly proven lucrative. If you are looking to harness the potential of making money or progressing your love for art, here’s a step-by-step guide on how to make (mint) and sell your NFT.

Develop a theme and create your art

As an NFT artist, it can be challenging to develop a theme or even create art. With millions of art projects, young and budding artists often need guidance on creating a single piece or a whole collection. While there is more diversity in the NFT marketplace, as many artists deviate from the cartoon characters or Bored apes, many still follow the same procedures.

Regardless, you should choose an NFT art theme that suits your taste and promotes originality. Also, the benefit of creating an NFT collection is that you can make more money, while a single NFT piece often yields less profit.

Choose a blockchain

A blockchain stores your NFT by creating a permanent address. There are various blockchains with diverse features, pros, and cons. So, before getting ahead, you must choose a Blockchain that delivers and fits all your needs. Some of the popular Blockchains include:

Ethereum

Regarded as the King of Blockchains by many, Ethereum is the one-stop network for many NFT enthusiasts. Its highly decentralized nature, simplicity, ease, accessibility, and, most importantly, security make it the best choice for newbies and experts. In addition, NFT marketplaces like OpenSea operate on the Ethereum network.

Solana

Closely matching Ethereum’s success in NFT is Solana. Solana is inherently fast and outmatches Ethereum due to affordable transaction fees. Although it may not have as many successes as Ethereum, Solana is rapidly gaining pace and shows promising signs of growth as it hosts popular NFT marketplaces like Magic Eden.

Binance Chain (BNB)

The Binance Chain is another successful NFT blockchain fostering growth and transaction. Unlike Ethereum and Solana, which pride themselves as highly decentralized blockchains, BNB leans slightly on centralization. As a result, the BNB Blockchain guarantees good transaction speed, tight security, and low gas fees. BNB currently hosts popular NFT marketplaces like Mobox and BinanceNFT.

Choose an NFT wallet

Like physical wallets that help keep our cash, NFT wallets perform the same tasks. They help store or hold your NFTs and facilitate transactions. There are numerous NFT wallets you can choose from, and they include the following:

MetaMask

MetaMask is one of the most popular Web3 wallets that provides easy access to numerous web3 websites. With its easy-to-use interface, you can easily set up a wallet that differentiates your NFT assets from your Cryptocurrency assets.

Trust wallet

This mobile-only wallet is yet another favorite. It supports multiple Blockchain like Ethereum, and its association with Binance makes it the perfect choice for those using the BNB Blockchain.

Coinbase wallet

Coinbase also launched its non-custodial wallet, allowing users to control their funds. In addition, Coinbase personalizes transactions and provides maximum security against ethical hackers.

Choose an NFT marketplace

Your NFT collection won’t sell itself (on a lighter note). To ensure you make money off your art, you need an NFT marketplace to sell them. An NFT marketplace connects buyers to prospective sellers, promoting sales.

Like a traditional market, many people also want to sell their art, so you need to stand out to attract buyers. With the advancement in the use of the Blockchain, there are now several NFT marketplaces to display your digital art.

OpenSea

OpenSea is one of the foremost NFT marketplaces ever to exist. Launched in 2017, it currently has millions of users and has executed billions of dollars in NFT transactions. OpenSea allows any NFT, as there are dedicated sections for art, music, virtual lands and worlds, rare cards, and more. It is user-friendly, and beginners can set up their accounts in minutes and commence trading. Concerning transaction fees, OpenSea charges 2.5% off every transaction made. You must also pay for the gas Dee incurred by the network.

Taking it one step at a time

Step #1:

To set up an account:

● Log onto the OpenSea website or download the mobile app on your phone.

● Open the app, wait for the interface to load, then click on the Profile icon at the top right-hand corner.

● Select Create.

Step #2:

The “Create” icon will take you to a “Create an NFT page” that will require filling in some information. The page allows you to upload your NFT, audio, picture, video, or anything. Fill in the item name alongside and describe what the art depicts. Then, you can add a link to the for further information.

Step #3:

After filling up the previous sections, you fill up subsequent sections. Then, you get to give your NFT features by customizing them. Start by giving it a nice name. You can also choose your preferred Blockchain, which can be Ethereum, Solana, Polygon, etc. (Note all boxes do not have to be filled.)

Step #4:

After setting those up, it’s time to connect your Blockchain. OpenSea allows users to connect to various wallets. Users can connect up to four kinds of wallets.

Step #5:

After reviewing all the information, click “Create.” (Note: Sometimes OpenSea might take the gas fee for minting your NFT, hence, make sure your connected wallet has some money.)

Congratulations, you just created an NFT.

BinanceNFT

Launched in 2021, BinanceNFT is another fine addition to the Binance ecosystem. The NFT marketplace offers superb features and allows users to upload anything of their choice. The plus side of BinanceNFT is its low fees, cool layouts, and user-friendly interface. Since it has its wallet and ecosystem, choosing BinanceNFT is a plus and has a comparative advantage.

Step #1:

Log onto the Binance NFT marketplace and click “Create.”

Step #2:

Read the terms and conditions, then accept.

Step #3:

It will move you to a “Add a New Collection” page that allows you to create a collection name and begin minting. Select “Add a New Collection.”

Step #4:

Select the features and properties of your NFT here. Binance allows users to upload as many as 100 NFTs at once.

Step #5:

Once placed appropriately and all details are in order, the page automatically estimates your minting fee. If the cost sounds right, read the minting tikes and terms of service and click “Create.”

Step #6:

Depending on your kind of NFT, you must wait minutes for the system to review and access it properly.

Once completed, you will see “Minting Completed” alongside the token address and the contract ID. You can then list it for sale.

Conclusion

Creating an NFT might seem simple. However, it requires you to understand concepts like minting, gas fees, wallet, Blockchain, and more. It only becomes more manageable when an NFT creator begins to mint more projects on different marketplaces. For new creators, minting your first NFT does not guarantee immediate sales, as excelling in NFT requires more than minting or creating art.

You are now prepped and ready to spread your wings.

“Formal education will make you a living; self-education will make you a fortune.” -Jim Rohn-