How To Mint An NFT On OpenSea
The selling of non-fungible tokens is bringing in thousands of dollars for well-known crypto artists (NFTs). You may be wondering how you can join the party as well. Continue reading to learn how to mint your first NFT at OpenSea.
This article will describe how to mint an NFT on OpenSea. This guide will help you throughout the process in simple steps, so you won’t have to be very technical.
- Visit the Opensea Platform:
The first step to creating a new project on the Official OpenSEA Platform is to access the website and click on the “Create” link on the top right of the page.
- Integrate your crypto wallet:
Signing into OpenSea is as easy as possible. You need to connect your crypto wallet, and you are good to go. Once you have logged into OpenSea, the system will prompt you with an email where you can receive your first payments. Once you receive this email, feel free to check out the tutorial.
We need to download a wallet before this process because you need to store your coins in it. If you don’t have a wallet, you will need to download one.
- Make your collection:
You can access your collection by selecting “My Collection” hyperlinked text on the top right corner of your profile.
Now press the “Create” this simple step will help you get started with the collection you want to create.
When it comes to digital content, you should always keep in mind that your work will be presentable for the world. Once it’s created and a full-fledged NFT, you can scroll through the different NFTs added to it. Like you can do with the original content.
- It’s time to mint your first NFT:
An easy way to mint your first NFT is by pressing the ‘Add New Item’ button on the Mint page.
- The first step is to upload your NFT into your account. You can do this by clicking on the picture of the item to be uploaded and then selecting “Upload” from the menu that appears.
- After you have uploaded your NFT, there will be a dropdown menu option titled “Edit Name.” This will give you the chance to change your NFT’s name. Remember not to use a name already in use because it will prevent you from using it later on.
- You can also add a description if you wish to do so, but we recommend keeping it short and simple as this will make it easier for customers to find.
- Pressing the “Sell” button on the top right corner of the page will make it instantly available for instant viewing at a click.
Before you can list an item on OpenSea, you need to pay a gas fee. On OpenSea, the gas fee is calculated by considering the current exchange rate of your country and adding a fixed value to each listing. You can choose to increase or decrease the gas fee you have to pay by adjusting the price displayed above your listing.
The most common approach to pricing your NFT is to set a price (minimum bid) for your NFT. It can either be done on the auction platform or in addition to the first sale.
The time has come for the art collector to show off his works. If you want to sell your artwork, you should sign the post listing and take your chances with a collector.
As soon as you are done with the creation process, you’ll be able to upload your artwork to a platform and start collecting payment in a couple of clicks.
- Your work should be stored safely
The most important thing to do in minting is storing your NFT. There are a few problems when you have to store your NFT, especially if you have to keep them long enough for others to use it. You need a sound file system with some security features to avoid malicious usage and theft of your NFTs.
IPFS is one of the most prominent and popular distributed storage networks.
There are various ways of storing NFTs on the OpenSea. A user can store all NFTs on their private storage account and then manage them from that storage account. Or they can use an external provider for storing NFTs and manage them from the central service centre with Opensea software running on it.
As you can see, minting NFTs is virtually as simple as setting up an eBay account and uploading items. The methods outlined in this tutorial summarise the process most commonly employed by other prominent NFT markets, independent of which blockchain they support –So just go ahead & start minting!