How to Make and Sell NFTs for Free: Here’s how to sell an NFT and make some money with your art.
Many artists and designers are trying to figure out how to make and sell NFTs. NFT art continues selling at incredible prices. NFT art auctions held by Christie’s have brought in vast sums of money. Now brands are starting to pay attention and consider NFTs as part of their strategy to enter the metaverse.
Non-fungible tokens will be around for a while longer, so it is worth considering whether or not you should explore making an NFT and selling an NFT of your work. You’re at the right place if that is the case.
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Below is a guide that will walk you through making an NFT from your original artwork. It also explains how to sell it through an auction. We should first realize that we don’t want to downplay anyone’s desire to make an NFT-fueled millionaire. NFT art has been sold at incredible prices. Pak’s The Merge (pictured below) sold for $91.8million at NFT Marketplace Nifty Gateway in December.
Several NFTs have been sold for more than $1m, and brands are becoming more involved. Adidas launched NFT projects recently with Bored Ape yacht Club and Prada. (See our selection of best NFT artwork to see more NFT success stories).
The prices achieved by Beeple and other well-known collectibles like Bored Ape Yacht Club or CryptoPunks are not typical. There are also a lot of fees associated with selling, maintaining, and generating an NFT. The costs can take up a significant portion of the sale price and leave you with a small amount depending on the value of your NFT.
To make sure you are fully informed about NFTs, we recommend reading our What are NFTs explanation. However, if you’re eager to get started, you can find our step-by_step guide on how to sell and make an NFT.
How to make and sell NFTs for Free
- To pay for your NFT, create a digital wallet
- You can add some cryptocurrency to your wallet
- Connect your wallet with an NFT platform
- Upload the file that you wish to be converted into an NFT
- Create an auction for your NFT
- To sell your NFT, add a description
- To sell your NFT, you will need to pay the listing fee of $0
1. To pay for your NFT, create a digital wallet.
MetaMask allows you to create a digital wallet by visiting its website. Click on the blue “Download” button at the top-right. We’ll select the browser extension as we are using a desktop computer. However, there is also a mobile application.
Then you’ll need to confirm your wish to “create a new wallet” and “seed phrase.” You don’t need to know what “seed phrase” means, and it and essentially a list that holds blockchain information. Once you have said yes, it is just a matter of creating a password and going through security measures to set up your account.
2. You can add some cryptocurrency to your wallet.
After setting up your MetaMask or another digital wallet, you will need to add some Ethereum to it. If you don’t have any ETH yet, click the “Buy” button and choose the option “Buy Ethereum with Wire.” The screen will take you to the screen where you have the opportunity to use Apple Pay or a debit card to purchase ETH. You can choose not to spend any money at this stage.
Although the terminology involved in cryptocurrency can seem overwhelming, buying currency is very simple. Be aware that Ether’s value can fluctuate greatly, just like another cryptocurrency such as bitcoin. The price of 1 ETH rose from below $1,000 to $4,700 in 2021, with many peaks and troughs. The currency’s price can fluctuate by hundreds of dollars per hour.
3. Connect your wallet with an NFT platform
Many digital wallets function in the same way. No matter which one you choose, you will need to connect it with the NFT platform you use to create your NFT. We’re using OpenSea as an illustration, but you can use any number of NFT platforms. The process is generally the same as what we describe below.
OpenSea.io is the website shown above. The “Connect wallet” button is located in the right-hand corner. You’ll need to click that button, and you will be asked for the wallet provider. In our case, it is MetaMask. You will be presented with the option to link your wallet with Opensea.io. Next, click ‘Next’ and then ‘Connect.’ Accept the terms of service, confirm your identity, and ensure that you are over 13 years.
4. Upload the file that you wish to be converted into an NFT
Now that you have a wallet linked with ETH for payment, you can create an NFT of the work you did. Click the blue “Create” button in the top-right corner of the Opensea website. Then you’ll be able to either create one unique work or sell the same item multiple times. In this case, we will choose ‘Single. You will now need to upload the digital file you wish to convert into an NFT. Opens can accept PNG, GIF and WEBP files up to 100MB.
Please select the Blockchain as Polygon, which is free (i.e., no gas fee) when you submit.
5. Create an auction for your NFT
The hardest part is choosing a minimum price. If you sell your NFT at a low cost, the 2.5% Service Fees or 2.5% Creator Fees can eat up your profit and leave you with little to no cash. We will set our price at 0.005ETH (currently US$15) and give people 3/7/30 days to place bids.
6. To sell your NFT, add a description.
You can now add a title or description to your listing, which will increase the likelihood that your NFT will be sold. Then, you will be asked how much royalties you would like to receive on future resales of your art.