NFTs have become the most popular crypto trend of 2021 and the numbers prove it. In just one year, the sales volume went from 250 million dollars in 2020 to 10 billion dollars so far in 2021. So if you are thinking of entering this market, here we explain how to create an NFT . This digital universe is a new opportunity for creators, artists and developers to market their works and works without intermediaries. There are currently so many projects that NFTs have become the fastest growing digital market in the universe of cryptocurrencies and the blockchain.
But beyond their commercial and financial importance, they are also revolutionizing the concept of branding. NFT Development services Projects like CryptoPunks, Bored Ape Yacht Club (BAYC), Koala Intelligence Agency, Art Blocks, CyberKongz, among others, are changing the way of building a brand in search of followers. This traditional process, used by large companies in the world, now also lives in a digital metaverse that accumulates a large number of followers.
These communities are what help increase the value of NFTs. Currently, the projects and tokens can be worth more than a small house in some parts of the world. A CryptoPunk, for example, which was distributed free in 2017, today can cost around $400,000 and up.
How To Create An NFT?
1. Choose A Digital File
NFTs can literally represent any digital file. Whether it’s a painting, a text, a piece of music, a collectible or a video, as long as it’s a media file, you can turn it into an NFT.After all, it is about transforming digital works of art into “unique” pieces that, moreover, can attribute their authenticity and ownership to a single person.
2. Choose A Blockchain
Ethereum is currently the largest blockchain service for issuing NFTs. However, there are a variety of blockchains that are becoming increasingly popular. Binance Smart Chain, Flow by Dapper Labs, Tron, EOS and Polkadot are some of them.
If you decide on Ethereum, you will have to open a wallet to buy ether, the cryptocurrency used in this blockchain. One of the easiest to use is called “MetaMask”, which you can download as a free app on your phone. How much do you need? The price required to create an NFT Development company is very relative. Buy at least 100 ether, but keep in mind that the creation process could cost you even more, due to additional fees that you may have to pay.
3. Select An NFT Market
Once you have your crypto wallet in order, you must choose one of the NFT markets, where you will create and sell your NFTs. The latter does not charge any fees to join and does not make a selection of the type of content that can be traded on the platform.
This means that you do not have to be approved as an artist to sell your NFTs, but also that there are a wide variety of categories and digital assets that no one may ever buy. There are other markets that are more specialized and curate the pieces they put up for sale. Regardless of the marketplace you choose, all you have to do is create a profile and then connect your wallet to the platform. So you can create, buy and sell digital assets in minutes.
4. Create Your NFT
The time has come to explain how to create an NFT . One of the easiest platforms, just click Create . Fill in all the information the form asks for and you are ready to begin the process of actually minting a new NFT. Click New Item , upload your artwork, provide all the details you want, and click Create. Now, to sell it, you need to open the page of the item you just created and click the Sell button. On this page you will be able to choose the type of payment you will accept, set a fixed price or an auction, and the royalties you wish to receive for future sales.
Strategies For Creating A Successful NFT
As we already mentioned, any digital item can be converted into NFTs, but few become successful collections. The most well-known NFT projects generally adopt similar brand-building strategies. These strategies aim to create a vibrant community, thereby creating widespread interest. But how do they do it?
Access And Utility
Access passes are now a growing trend. When you buy an NFT, you have access to other benefits such as belonging to a select group or admission to a real life event. Here the key is in creativity, but also in the quality of what is offered. The important thing is that it is a simple experience in which only the ownership of the NFT is needed to access the promised extras.
Rarity And Exclusivity
What makes an NFT more valuable is its scarcity. Projects such as CryptoPunks and BAYC are an example of this, since they create only 10,000 NFT of each token and whoever acquires one of these is part of an exclusive community. Additionally, each of the assets has “features” (visual properties) that make them unique and special, which becomes an added value when selling them.
A Loyal Community
The most successful blockchain collections and projects focus on building a strong community. The most common strategies allow active user participation, conduct opinion polls, provide additional benefits, among others. To create a loyal community, you must have a story that captivates a specific audience so that they fall in love with the project. Focusing on the first thousand fans is key to taking your NFT collection to new levels.
Interactive Experience
Another way to build a powerful brand is by offering members a fun and interactive experience. Those who buy one of their tokens will become agents belonging to a secret club and have a mission to solve. The key is to create unique experiences where users have a special role in the story.
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