So, can anyone create an NFT?
Indeed, anyone can create an NFT. First, you need to pick a unique digital asset that you own or create original digital artwork. Then, select a blockchain technology that supports the minting of NFTs. Even though a majority of NFTs are minted on Ethereum, other blockchains like Solana, Tezos, Flow, Binance Smart Chain, etc. also support NFT minting. Post this, you need to set up a wallet on the blockchain you have selected. Ensure your wallet has sufficient cryptocurrency to fund your initial investment. You can buy crypto with cash
in a fast and secure way through IN4X Global.
After this, select a reputable NFT hosting platform that fits your needs. OpenSea, Larva Labs/CryptoPunks, Foundation, and Nifty Gateway are some of the major platforms that allow the minting and selling of NFTs. Then, connect your wallet to the platform. This will ensure that you are able to pay for the minting process and able to collect sales proceeds. Next, upload your digital file and mint it into an NFT. The process for minting differs on the basis of the chosen platform. Lastly, set up a sales process for your NFT. You may choose to sell it for a fixed price, or auction it.
Anything I should be wary of?
As in the case with anything that makes a lot of money, scammers exist in the NFT space too. Some of the most common ways that people are scammed through NFTs are:
- Bidding Scams
- Investor Scams
- Rug Pulls
- Counterfeit NFTs
But you can stay safe from these scams if you remember to never share your private keys, and DYOR (like we always say). Additionally, you can also cross-check other NFT prices, create strong passwords, and always use due diligence.