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How-to: Sell & Create NFTs

NFT is a tool that everyone is talking about these days. The question is how to create such a token? Let us find out. You can buy or create your own NFT solely on specialized marketplaces (OpenSea, Rarible, SuperRare, etc.). Most of these sites are based on the Ethereum blockchain. Therefore, you can make transactions with NFT only after getting a wallet with ETH.

You can create an NFT for an image, video, 3D model, or sound, even in case they were generated by a neural network. Acceptable formats are JPG, PNG, GIF, SVG, MP4, WEBM, MP3, WAV, OGG, GLB, GLTF. The cost of placement for sale depends on the transaction fee and is approximately $40.

Remarkably, OpenSea creates NFTs only after the buyer is found. Thus, there is no need for the author to pay a commission to the Ethereum blockchain. Rarible, on the contrary, creates tokens immediately after uploading the work to the service and charges a commission.

Creating an NFT does not imply that rights to the object come into force automatically. The author of the content has exclusive rights and they are the only ones to decide on the full transfer of these rights to another person in each specific case.

The NFT technology is still very young, and its reach on the crypto market is quite modest so far. Nevertheless, it has tremendous potential and excellent prospects for the future. Many analysts agree that the development of NFT is at an early stage.

That is why we are actively developing the area and striving to give our users an opportunity to make transactions and use NFTs to the fullest extent.