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How to Create, Buy and Sell an NFT?

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The popularity of NFT is increasing day by day. However, it is a new type of digital asset. Ownership is set down on the blockchain, a digital archive similar to the networks that underpin bitcoin and another cryptocurrency. Every non-fungible token is special and can’t be duplicated. People might have an image piece of art you buy as an NFT, but they can’t purchase the original.

For instance, that makes them distinctive, and also there is the prospect that is why they can be rare, you might be able to sell one later for more money. However, you can use different types of currencies to buy NFTs. In this short guide, I will tell you how to create nft art and provide you with some information about buying and selling a non-fungible token.

Ways to Create an NFT:

Many people want to create their NFT artwork, but the question is how to create nft art. It is a fairly straightforward process and doesn’t need in-depth knowledge of the crypto industry. Here is a short guide about how to create art.

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Choose The Blockchain:

Before starting, you need to choose which blockchain on which you want to issue your NFTs. According to CoinDesk, Ethereum is the most famous blockchain service for NFT issuance at this time. However, there are also a variety of other blockchains that are gaining popularity, like Polkadot, Tezos, and many others. Each blockchain has its own unique NFT token standard, market places, and wallet services.

Ready To Sell Your NFT:

After choosing the perfect blockchain for your NFT issuance, you will need to mint your NFT. For instance, first, you will require an Ethereum wallet, like MetaMask, Trust Wallet, or Coinbase Wallet, if you choose Ethereum blockchain.

Next, you require around $50 – $100 in ether. Once you have this money, you can easily connect your wallet and upload the music, image, or file you need to turn into an NFT.

Way to Sell an NFT you Purchase:

There is also an option to resell your NFTs on the secondary market, similar to anything else you would purchase. To do so, please make sure the non-fungible token question is in the crypto wallet combined with the marketplace that you choose and put it up for sale. However, your non-fungible token could sell for more money than you originally bought it for. The long-term or also the short-term value of NFTs is not guaranteed.

Way to Sell an NFT you Minted:

It will likely be the endpoint of the development or minting process on whatever platform you are using. It depends on the service; you will set the “Buy now” price, namely the reserve price. There are also some cases you can even get royalties every time your non-fungible token is sold in the future.

Where to Buy NFT?

There are several online marketplaces from where you can shop NFTs. OpenSea is one of them and also one of the most famous platforms to buy your non-fungible token. You can think of OpenSea, as an online gallery and browse digital art, trading cards, and various other collectables. It simply works like an auction house, where you offer bids on items and hope you are the winner, but some listings allow you “Buy now” for the set price. Here we are going to show you how to create nft art and also provide you short guide about how to buy and sell them.

How to Buy Ether?

There is a variety of apps to buy cryptocurrencies like Coinbase, Robinhood, etc. MetaMask is one of the best and simple cryptocurrencies to buy ether. When using OpenSea, you are already using that as a digital wallet and have already connected it to OpenSea. At last, you have to install the MetaMask plug-in for Chrome and use that same plug-in to buy some ether. Once you buy ether, which means you are also ready to purchase NFTs.

How to Buy NFT?

A cryptocurrency wallet helps you send, get, and store digital assets, such as NFTs and cryptocurrency, including ether. There are several types of wallets, and they all have various features. You can build your wallet into your web browser, a browser extension itself, or an app on your phone.

Once you buy ether, now you are ready to bid on and buy NFTs. Therefore, go back to OpenSea, and then browse around by tapping “Explore”. Here you will get all sorts of images for sale. Eventually, you may also come across something you require.

 

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