NFTs are bought, sold and stored using blockchain. Then in fact NFT is a unique digital asset that is not directly replaceable with another digital asset and this is the reason why it is called non-fungible. However many physical assets are also non-fungible like real estate because since each piece of property is unique from others. Literally to create and sell NFT Collections is changing as technology changes and advances. So tokenizing of these real world tangible assets make buying, selling and trading them more efficient while reducing the probability of fraud. Some of the reasons about factors that make NFTs such valuable investments are including utility, ownership history, underlying value, perception of the buyer, liquidity premium and future value. The following are the steps that are used to create an NFT Art Project including.
• Create a Crypto Wallet and Fund It, if you are wondering where to sell NFT collections, this is the first place to start. No matter your choice, you will have to begin with a crypto wallet and cryptocurrency. Creating an NFT collection isn’t free, so you will have to buy some crypto and fund the wallet. Of course, you will also need a wallet to receive crypto once you sell NFTs and the money starts coming in. On Ethereum, MetaMask seems to be the most popular wallet. On the Internet Computer, the current favorites are Stoic and Plug. You will have to buy the cryptocurrency on an exchange and then send it to your crypto wallet in order to use it to create NFT projects. This is the first place the Internet Computer begins to distance itself. When you move Ethereum from the exchange to a wallet, it could cost five, ten, even twenty dollars or more depending on current gas fees. The Internet Computer charges a transaction fee of 0.0001 ICP per transaction, so you’ll pay less than a penny to send your crypto from the exchange to your wallet.
• Connect Your Crypto Wallet to the Platform Where You Will Create NFT Collections, there are many choices when it comes to where to sell NFT art. You will want to choose wisely as this may have a huge impact on the success of your project. Ethereum NFTs can be created and sold on OpenSea, Rarible, Nifty Gateway, SuperRare, KnownOrigin, Foundation, Mintable, and many other marketplaces. On the Internet Computer, the two marketplaces that are currently functioning for new NFT launches are Entrepot and Crowd-Created-Canvas (C-C-C). However, many more are in production from the teams at Gigaverse Labs, Psychedelic, ICSnakes, and AnvilNFT like a place for creators to basically make their own NFT marketplace, and others.
• Upload Your NFT Files, for sites that offer self-minting, it is as simple as uploading the assets and then putting a price on them. Things are a little more complicated if you want to offer a blind mint, especially if you are doing so from your own website. That will mean developing your own front-end to be able to sell the assets from your site. So when you are talking about how to create an NFT, there are really two entirely different approaches. If you want to create a blind mint, you are going to need at least a backend developer. If you have your own website for the mint, that will require front-end development as well. However, you can also work with a marketplace. For example, on the Internet computer, you can work with Entrepot. They will sell your NFT from their launchpad, and collectors will be able to buy directly from the Entrepot marketplace on mint day. If you want to self-mint, many marketplaces will allow you simply to upload the assets and put a price tag on them.
• Pay Listing/Minting Fees, if you want to sell NFT collections on the Ethereum blockchain, there is often an expensive gas fee associated with everything from uploading the assets to listing the asset. There is no such thing as free airdrops either. A free airdrop for a collector means that you are paying the gas fee. Keep in mind that gas fees for an asset can be ten times as high as the gas fee for transferring crypto. Therefore, it could end up costing $100 or more per NFT you want to transfer, either for you or for the buyer depending on how you structure the sale. On the Internet Computer, the reverse gas model is used. This means that transactions are paid for by the minting project rather than the collector. Don’t worry. Remember, those transaction fees are less than a penny, so the first few NFTs you sell will likely cover all the transaction fees, even on a 10k collection.
The sources are Non-Fungible Token Definition: Understanding NFTs (investopedia.com), What Are Non-Fungible Tokens (NFTs)? | The Motley Fool, OpenSea, the largest NFT marketplace, NFTs, explained: what they are, and why they’re suddenly worth millions — The Verge
