Creating NFT is actually not a complicated process. Let’s go through a few steps:
Step 1: Choose a platform where you can sell your NFT
There are a number of forums that allow you to sell NFTs in a wide variety of blockchains, so it is almost impossible to get any one guide together, let alone tell you which one is right for your project.
Step 2: Set up a wallet
Wallets are the programs you use to keep your money private, as well as any NFT you end up inventing or buying.
Step 3: Connect your wallet
After you have set up your wallet, you will want to connect it to the NFT market you plan to use.
Step 4: Create NFT
After connecting your wallet, you will get to the page you are using to create NFT (and if you do not stop there, you can get there by clicking the Create button that both platforms have placed in the upper right-hand corner).
That’s how you create NFT. I hope this helps. Oh, according to NFT and crypto, anyone who knows certain projects they can invest in?
Come up with a project to do and complete.
Make sure it is something new and helps people make money to be profitable
and if you need nft digital art [we do that with products] You create a platform artist profile. Then create an art or use one of your original artwork to upload on your artist profile also termed minting. Minting will cost you a base crypto currency amount. This creates a blockchain keeping a perfect track of art works, avoiding any stealing. You can also chose to put it up for bidding, but be sure as you will lose your complete ownership of the art once sold + the minting cost rises. Ensure you follow the platform’s community through all NFT nft possible social media points ensuring most collectors get to view your artwork. Also, check for taxation rates as that can be tough on aftersales for artists.
- Canadian musician Grimes recently sold some of her digital art, raking in $6 million.
- Twitter and Square founder, Jack Dorsey, recently sold an NFT representing ownership of his first ever Tweet. The one liner “just setting up my twttr” sold for $2.5 million.
- Electronic musician 3LAU sold NFTs representing his songs and albums which earned him a whopping $11 million in just a weekend.
- Kings of Leon also followed suit, selling NFTs linked to their upcoming album. They reportedly made $2 million and burned the unsold tokens.
- Most famously, auction house Christies recently facilitated the sale of an artist by the name of Beeple’s piece titled “Everydays: The First 5000 Days”. Every day the artist created a new digital artwork for 13 years (5,000 days) and this was a collection of them all. The piece sold for a record breaking $69.3 million (record breaking for digital art).
They are NFTs — the type you add to your profile picture. This group is part of the RandomEarth collections
, and all such collections are run on the Terra blockchain, so use LUNA to do so. They are very fast and have low grinding costs.
Now some of my crypto experts here in Quora own this and use it as their profile picture. Therefore, the LunaBulls project is doing much better than its competitors because of this ongoing support.
I have expressed my concern about the avatar NFTs for social media profiles. Working with two geniuses to present their historical NFTs, I was able to ask many young women, in their 20s, if they could change their profile picture to get a bull or a robot. And they look at me like I have lobsters coming out of my ears.
However, like the first Avatar project on the Terra blockchain, the LunaBulls may have lasting power. That’s why I wanted to focus on it. In my mind, it might move from a buzz project to one of the next two.
2 Institutional Support
Here are a selection of NFTs from Iconicmoments.co
(full disclosure: I know the author and we have a working relationship).
These NFTs from a real museum owned by photographers. These are the real things.
The first step in the month. Winning the hero of Mohammad Ali. The first trans-Atlantic flight.
Will those NFTs have a permanent value? That’s right.
Remarkably, it is not just 10,000 random images of monkeys or robots propelled by crypto influencers. They are official NFTs from official institutions.
That is what gives them lasting value. And, frankly, they are very interesting to me.
3 Unique History
Here is the Beeple NFT for sale for $ 69,000,000, entitled “The First 5000 Days.”
The first NFT ever to sell a state-of-the-art workshop (Christie’s)
, which officially marks the point where NFTs have gone overboard.
That kind of diversity in world history guarantees that this NFT will have a lasting value. In fact, $ 69,000,000 was a sale. It could cost a billion in the not too distant future.
The whole point of the NFTs is that they are built on blockchain technology, which makes their existence invariant. And in this case, you have the first immutable land.
So, how do you use this to select the best NFT going forward?
Personally, the only NFT avatar projects I like are the ones that have the potential to turn the buzz into one of two stages. In fact, if you were to choose one of those, you would probably get 1000x refunds.
If you choose a project with institutional support or with a different history, also note that you are also betting on a blockchain project.
Beeple's "The First 5000 Days" is aired on Ethereum. If Ethereum were to die, I don't know if his NFT would have a lasting value. Ethereum is expensive, yes, but also has a better chance of surviving for decades. You will have to pay more than what is currently worthwhile at the moment.
There are two great ways to get NFT Center and Unique History.
Go to NIFEX and buy part of one such NFT project. Expect an NFT crash and take on these projects.
You can combine both, and buy a chart during a crash, obviously.
To get an idea of what the NFT crash is, read this clip
, covering the crash in early 2021.
Go here (onnon fungible.com)
to get more market statistics.
Here is the test I am using to find out if NFT has a historical value: explain it to a friend who is not in this field. Consider the following two statements.
One of those sounds appealing to outsiders. I will be compiling a list of such NFT histories and will trade them in a bubble (like everything else I do).
But just to give you a sense of how well these are coming back, it was possible to pick up an unusual cryptopunk (historically important avatar collection) during that May crash for about $ 10,000. Now, even the cheapest is sold for $ 60,000. Medium-sized majority costs $ 100,000 = 10x in 5 months.
Happy Trading !!