October, 2021 | Kamlesh Patel
Ever Wondered How To Make A NFT And How To Sell Them.
NFT's (non-fungible tokens) are becoming more mainstream and there is massive opportunity to capitalize on this trend. Also considering it is going to be the future, you really want don't want to miss out on this opportunity. However It can be very complicated to create and market these new digital assets. there is so much you need to know about how to create NFTs, Gas Fees, Minting, how to sell, building a platform and more.
So to make the best of this opportunity you want a agency who knows how to capitalize on the opportunities with there expertise. MinitNFTs is a agency who is able to help you build your NFT's and market them.
There are already so many industries taking advantage of this opportunity such as Artists, Creators, Real Estate, and many more, even McDonalds have entered the NFT space to build there brand.
What Are NFTs
NFTs (non-fungible tokens) are a unique immutable marker that can’t be copied changed, or disputed. An NFT can be any form of digital art, and can be sold as a limited edition or part of a collection. NFTs already take many forms – images, videos, music – as well as physical ownership, or interest. Through NFTs you can now purchase a piece of digital art, a new album, property or even a personal expriences.
How to Capitalize on NFTs
As they become more popular you want to have your own digital assets which you are able to sell as limited edition or collectibles. If you Look at NBA Top Shots they made over $500 million worth of sales in the first 6 months and after this many other sports brands are getting in on the action including NBA, La Ligia. A artist sold a NFT for $69.3 Million. There is vast amounts of opportunities out there to build your brand on this new platform.
Brands should engage current as well as attract new clients/customers by offering NFTs that can unlock special giveaways, rewards or pricing. NFTs can be embedded with metadata that can unlock any limited resource, such as VIP discounts or even a VIP’s time. For example, an event ticket sold as an NFT could be embedded with a predetermined time for a personal meet-and-greet with the founder of a company or a brand’s celebrity spokesperson
In a post-pandemic world where people are more attracted to owning and showcasing commodities in virtual ecosystems, brands should shift toward more digital offerings. Brands can turn clients and customers into more loyal fans by issuing NFTs that people can collect, sell and trade. Through ownership of exclusive NFTs, collectors can feel a deeper sense of connection with their favorite brands, which will translate into increased customer loyalty. And since brand NFT collectibles could be sold on secondary markets for profits in the future, purchasing a brand’s NFT could be a new way for consumers to invest in their favorite companies.
Want You Need To Creating a NFT
Ethereum, the most popular host for NFTs, or blockchain, the least you will pay to mint an NFT is about $70. Other cryptocurrency analysts say minting a digital artwork NFT can be often free to cost between $70 to $100, Rarible it can cost nearly $700 just to create an initial NFT collection.
1. You will Need to buy some Cryptocurrency
You will need to pay a platform to ‘mint’ (i.e., generate) an NFT. And most platforms want this paid in Ether, the native cryptocurrency of the open source blockchain platform Ethereum.
2. You will Create a Digital Wallet
You will need to sign up to a digital wallet so it can store your NFTs
3. Add Money to your wallet
You will then need to add your cryptocurrency to the wallet so you have coins to be able to mint
4. Connect your wallet to a NFT platform
This is simple to sell your nft on a market place you will need to connect it to a NFT platform
5. Upload your digital assests
6. set up the auction
7. Describe your NFT
8. Pay the Fees
That is just the basics of how to create a NFT, but you will then need help to market and even set up your own website to market and sell your work. This takes alot of work and many have fallen short in this step.
Despite being a popular phenomenon, NFT is a complex concept that needs a thorough delivery, helping businesses, artists, creators educate there audience with promoting there NFTs across multiple platforms is a must if joining in a new market. As you can see there is alot that goes into creating NFT. If you want to take the stress out of doing all the work and want to really concentrate on design of your digital assests, then leave it to the experts and let them do all the heavily lifting of getting you set up and selling your NFT by marketing and building your brand. So click on the button below and sign up to MintNFT.co to get started to your first of many NFTs.