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How To Make An NFT (2022 Update): Everything You Wanted To Know!

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Updated: April 22

By: Scam Risk - Expert Reviewer

How To Make An NFT

Non-fungible tokens, or NFTs, have recently received a lot of attention. This isn’t shocking, particularly when you hear tales of artists making tens of millions of dollars on a single NFT. Looking at the market, NFTs have increased dramatically in the last year. Trading in NFTs increased from $100 million in 2020 to an astonishing $22 billion in 2021, according to monitoring company DappRadar. And the combined value of the top 100 NFTs is a whopping $16.7 billion. But what exactly is an NFT, and how do you make one? The idea may be a little difficult to grasp. But don’t worry; we’ll guide you through all the fundamentals and the processes for producing and minting your own NFT.

DISCLAIMER:
This How To Make An NFT review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.

Table of Contents

Pros: What I Liked

  • Low cost of entry
  • Unlimited income opportunity
  • Make money anywhere
The Good

Cons: What I Didn't Like

  • No physical product
  • You have to be really good to stand out
  • You need pay for site fees and gas
The Bad

You probably discovered NFT for the same reason you might have come across any other financial newsletter, crypto trading service, or investment program: Because you want more money in less time. And chances are, you want to quickly multiply the money you do have (as opposed to waiting months or even years to see a decent ROI). This is a really exciting promise, and it’s probably why the financial publishing and training industry is worth billions of dollars. The problem is, because the idea of doubling, tripling, or 10X-ing your money in a few minutes to a few days is so enticing, there are a ton of shady characters in this space. But, putting that aside, let’s say every investing guru and “trading expert” on the internet had the best of intentions. Even with proprietary algorithms, a room full of supercomputers, and a team of rocket scientists, most of these experts would be lucky to get it right 20% of the time. Now sure, we’re talking about asymmetric bets here, so theoretically the winners should more than make up for the losers. But in order to make that happen, you can NEVER miss a trade. With a 20% success rate (speaking optimistically), one missed winner could turn a profitable month into a loser. That’s a lot of pressure and a lot of stress (not to mention a lot of losing) with not much certainty.

But what if there was a way you could build a passive income stream that’s actually passive?

An income stream that doesn’t require:

  • Constantly monitoring your phone for buy/sell alerts
  • Obsessively watching charts and movement
  • The emotional roller coaster and angst of hoping one winner can cover the last 8 losses
  • Gambler’s odds (20% chance of success is worse than the odds of winning at Blackjack)

An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)? An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day monitoring charts, trades, and alerts?

TESTIMONIAL - STILL GETTING PAID

If that sounds like something you’d be interested in, check out Digital Real Estate. 

However, if you’d still like to know more about NFT, keep reading.

What Is An NFT?

NFTs are digital assets with a unique identity stored and confirmed on a blockchain (a digital ledger). Each NFT is non-fungible, which means that it cannot be easily traded for another asset of comparable value. Images, video, music, GIFs, and collectibles are common NFT assets. NFTs are valuable since only one version of the assets is produced. In other words, an NFT can only have one owner at a time—no one can alter its ownership or mint the exact NFT on the blockchain at the same moment. Because of this scarcity, NFT creators/owners have the freedom to determine their own pricing for their assets.

How Do NFTs Work?

How do NFTs Work

Blockchain digital data transmission room. NFT non fungible token neon concept with crypto currencies Ethereum. New way to buy digital assets, collectibles and crypto art. High quality 3d illustration

NFTs need the production of digital tokens using a process known as cryptography. This process of creating tokens is known as minting in the crypto industry. Typically, you must pay for the creation of smart contracts using cryptocurrency to mint NFTs. Smart contracts are bits of software code that enable blockchain to securely and transparently store information. Finally, these regulations govern the ownership and transferability of NFTs.

Who Can Create An NFT?

Who Can Create An NFT

Anyone with a little amount of money may create an NFT. Today’s NFT platforms provide tools for creating various types of NFTs and attaching unlocked content to your files. You may make your own NFT, whether you’re an artist, musician, collector, entrepreneur, or business, by utilizing simple minting tools offered on NFT markets.

How To Create & Mint An NFT

How to make an NFT? Now comes the good stuff. Let’s go through the fundamentals of making your own NFTs. Please keep in mind that this is not a complete guide. There are many methods to do this based on the tools you use, so consider these suggestions to be basic recommendations.

How To Create An NFT

1. Determine the kind of NFT you wish to create.

This is the first in NFT creation. NFTs are versatile; you have many choices for the kind you wish to create. Artwork, event tickets, memes, media and music, games, virtual products, and other stuff are available. You may also make an NFT for real-world objects like costly collector figurines or a celebrity-signed picture. They are often in the form of an image, music, or video file, such as JPG, PNG, MP4, MOV, etc. If you want to create NFTs, you won’t require a developer. However, if your NFT is a more sophisticated item, such as a game, or contains a complicated smart contract (selling conditions), you may need the assistance of a developer. Consider how you can provide value to your audience while creating your first NFT. If you currently have a company, consider developing a loyalty card or a special promo code. You may also commission bespoke artwork from an artist.

Determine the kind of NFT you wish to create

2. Select an NFT Marketplace

There are several NFT markets to select from when deciding where to mint your piece. Every NFT marketplaces have its own set of advantages and disadvantages for sellers, so do your homework before deciding. OpenSea, Rarible, and SolSea are three of the most popular. These platforms make it easy for new makers to get started with NFTs. Some require you to verify or publish your NFT to the blockchain, whilst others, such as OpenSea and Rarible, allow for “shortcuts” such as lazy minting. Lazy minting will enable you to save certain costs by listing your NFT sale without publishing it to the blockchain, then passing that charge on to your buyer if it is acquired. Fees, sometimes known as “gas,” are one of the most crucial factors for newcomers. Based on how you want to mint & sell your NFT, each marketplace has its own costs. For example, OpenSea charges a fee to set up your account, which might reach $100 in certain situations.

Select an NFT Marketplace

3. Create a cryptocurrency wallet.

The next phase is to set up a digital wallet in which you will keep your coins and NFTs. When selecting a wallet, it is important to evaluate if it is compatible with the blockchain and NFT marketplace you plan to use for NFT minting. Though there are other crypto wallets available, the MetaMask browser extension wallet is used by most NFT producers. This wallet is simple to use and links to most blockchains used to manufacture and trade NFTs, such as Ethereum and Binance Smart Chain. Enjin, AlphaWallet, and Trust Wallet are some more popular wallets. Note: Most NFT wallets are browser-based, they are only as secure as the underlying browser application. We suggest purchasing a hardware wallet for optimum security, such as the Ledger Nano X. Hardware wallets save your private keys offline and are used to handle different currencies and NFT assets on blockchains.

4. Purchase cryptocurrency using an exchange.

After you’ve established a wallet, you’ll need to purchase some cryptocurrency to pay for the gas used to mint your NFTs. The most effective method to do this is to open an account with a trustworthy exchange, such as Binance, Kraken, or Crypto.com. The procedure is straightforward and may be performed on your smartphone. Now that you’ve created an account, you may use it to purchase cryptocurrencies. To mint NFTs, you must first purchase Ethereum (ETH) or Solana (SOL) tokens, depending on which blockchain you choose to use. After that, move your money to the wallet you created in the previous step.

5. Link your wallet to the NFT platform and start minting.

After you’ve topped up your wallet, you’ll need to link it to the NFT platform, where you’ll be creating your digital asset. Let us walk you through the steps (we’ll use the marketplace Rarible as an example). Navigate to Rarible.com and click the Connect wallet icon in the upper right corner of the screen. Choose your digital wallet (such as MetaMask) and provide Rarible access to your accounts. Click Connect to accept the platform’s terms of service and confirm your age. Return to Rarible’s homepage and click the blue Create button in the upper right corner. You may create a single digital duplicate of your NFT collections or numerous copies to sell the same NFT several times. Upload the digital file to be minted as an NFT. Following that, you’ll be prompted to choose how you wish to sell your NFT file. It is not required to sell the asset while it is being created. You may also sell it and set a minimum price after minting it. Choose whether to provide a complete high-resolution version of your NFT or to provide unlocked features through a hidden download link or website. Select Rarible as the NFT collection. Fill in the blanks with the title and description of your NFT art. Set the proportion of royalties you’d want to earn for secondary sales. Set your file’s attributes, such as color and size in pixels.

Click the Create Item button. Accept the transaction in your cryptocurrency wallet (pay the gas fees) to sell NFTs. Confirm by clicking Confirm > Upload file and Mint token. Confirm the integration of contracts in your wallet (a small gas fee will be charged for creating the smart contract). If you want to sell an NFT, sign a sell order in your wallet by clicking Sign. That’s the end of it. Your NFT has been minted. To find the newly formed NFT, go to Profile > My Items. Your NFT collectibles appear on the screen.

Your Own NFTs Are Closer Than You Think

When you first hear about NFTs, it may seem unduly technical or hard to enter into the market. It is, nevertheless, more doable than it seems, with some extensive study, perseverance, and inventiveness. And who knows: if you play your cards well, you may one day be a member of the million-dollar NFT club!

Is NFT A Scam?

So, is NFT a scam? Not technically. You can make money with it, but it’s definitely not as easy as they make it sound. Again, with any kind of financial product (especially trading), you’re taking on a lot of risk. Most people don’t have the fortitude to stick it out through 3 straight months of losers in the hopes of landing one big winner. What if, instead, you took those same 3 months, invested just a couple hours a day (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month? And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?And what if you could double it next week? Well, that’s the power of Digital Real Estate It’s a true lifestyle business. Your laptop and an internet connection is all you need.

Some of the most successful students in this program run their entire 6-figure businesses from:

  • A camper in the middle of the woods
  • A beach chair on the water in Mexico
  • A small villa in Greece

TESTIMONIAL - SAYING GOODBYE TO OUR JOBS

They’re able to travel around, living their lives first, and focusing on their income second. Because even if they stop working for an extended period of time, the money keeps coming in. So adventure, memories, and experience are the top priority. And they never have to worry about how to pay for the next trip, or consider asking for time off. If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.

Are There Alternatives To NFT?

Yes, there are plenty of other business models to choose from if you want to pursue this making money online.  Here are just a few:

What Is My Top Recommendation In Making Money Online In 2022?

What Is My Top Recommendation For Making Money From Home In 2022

Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs. While there may be no “perfect business”, the research IS conclusive: Digital Real Estate is the #1 online business model for those just starting out.

Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you. Why?

1. It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business. And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t. Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day. This is only possible if you have an income stream that’s not tied to your time.
TESTIMONIAL - JUMP ALL IN

2. You Own & Control EVERYTHING: With anything in the financial markets, you own and control NOTHING. You have no say in price fluctuations, demand, or what the market will do.
Trying to beat the market is fighting against the tide. There’s just too much working against you, no matter how many supercomputers or rocket scientists are on your side.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
TESTIMONIAL - FEELING BLESSED

3. Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.

TESTIMONIAL - SCOTT LEAD GEN

Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.

TESTIMONIAL - LANCE LEAD GEN

1. Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call). Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier. Because you have more knowledge, more experience, more results, and more momentum. If you wanted to double your income with any kind of trading or investing, you’d have to double your initial capital OR double the average order size of your existing trades. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.

TESTIMONIAL - ANNA DONE DEAL2. Make Money Helping Real People: This part is what makes it all worth it. In the financial markets, you might be helping your family, but the impact never goes beyond you and maybe a few others. But with Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem: Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses. You make money by helping them make money. Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent. Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.

TESTIMONIAL - BOSS OF MY FUTURE

Now, the choice is yours. You could continue browsing, looking at opportunities like NFT which could one day make you money. You could continue researching, never making a decision. OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate. A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits. All while genuinely helping real people who are grateful and happy to pay for it. If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.

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