Like any good digital asset, they’re tradeable. They can be used across different platforms, but their Blockchain-induced scarcity makes NFTs unique.
Scarcity has long plagued the issue of digital goods due to the inherent capability to copy and duplicate any digital item, making the creation of digital art and other collectible memorabilia tricky in the sense that their scarcity is only limited either by release limitation or by platform controls.
With NFTs, you can control the scarcity by providing a digital non-fungible token– that is, a wholly unique ID token– and attach it to your creations to certify that one as the original. This functionality has opened the gate to how people can start buying, selling, and even investing in digital art they value. Since its soft inception in 2017, NFTs have grown in size and breadth.
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This allows you to be in charge of all the NFTs you create.
However, currently, the feature is only available for the Rarible default collection. The platform will soon expand the feature to owned collections.
Additionally, you have to pay the gas fees to burn a lazy minted NFT.
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In that case, they can easily opt for the built-in royalties system inherent within NFTs. That means that any subsequent sale of your NFT after your initial sale will still generate yours at a max of 10% of the sale price.
Take note, though, that, unlike other NFT marketplaces, OpenSea does not accept payment in the form of bank deposits, credit or debit cards, and Paypal.
To make transactions on OpenSea, you’ll need to have existing wallets that have compatibility with the Ethereum network. There are many wallets available, but trustWallet, MetaMask and Coinbase are some of the most popular.
Click Here to Explore OpenSea < <
Is OpenSea Easy to Use?
OpenSea’s platform is pretty user-intuitive in that it can showcase bids and auction times in varying ways.
The gallery page displays a variety of NFT art.
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In this article I’d like to continue the theme of NFTs which is currently being more and more hyped.
Even mass media are now talking about NFT, famous artists like Lindsay Lohan are picking up the trend, Banksy work is being tokenized. It’s quite easy to buy NFT, but how to create them?
It is thought to be quite complex and pricey but let me assure you that nowadays creating your own personal NFT is quite affordable and even free.
And yes, no coding needed. Let me take you through the leading platforms which you can use to create and sell your unique NFT in a few minutes.
Check out a short video explanation of NFTs
OpenSea is definitely a leader among platforms where you can create your NFT.
Quite user-friendly creation experience allows you to create the token for free fast and efficiently.
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Thanks to NFT marketplace Rarible, you can now create NFTs for free! The platform has introduced a new “lazy minting” feature using which you can create NFTs free of cost. Moreover, the feature makes Rarible more sustainable as it brings down the number of unnecessary transactions.
“We’re excited to further lower the entry barrier for NFT creators from all over the world, allowing everyone to showcase and monetize their creativity at no upfront cost,” Rarible wrote in ablog post.
Why is this important?
When you are creating NFTs in the conventional way, you are likely to mint the NFT right away.
In this case, the data is stored in the blockchain after minting. However, to mint your NFT, you have to paythe transaction fees, or gas fees.
Recently,gas fees have been skyrocketing, due to the increase in network activity.
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In case you want to create your custom collection, just click on it and fill in the details.
On the same page you need to set a name for your NFT, description, royalties rate (count wisely, who knows what is the future of your artwork) and properties (which is optional, but quite useful for some types of artworks).
After you’re ready, click the “Create” button. Rarible will ask you to connect the wallet, it’s the same process as we went through at OpenSea.
I recommend using Metamask. After you connect the wallet and agree on Terms & Conditions, you’re all set to create your NFT. Push “Create” again.
Now you need to approve token creation and pay the fee.
After it’s approved, you will proceed to the token minting which is quite simple.
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It charges 4.9 percent on each NFT sold in the main sale for smart contracts.
Try it here.
Create your own Digital NFTs without coding using Appy Pie Design. Appy Pie Design gives you all the tools you need to create stunning NFT art.
Unique template-based NFT art creation by Appy Pie Design.
Try it here.
Another free NFT generator tool that will let you generate your own collection of NFTs easily. This AI tool makes art and graphics from basic text instructions.
Get it here.
With this tool you can easily create NFTs for free with simple drag and drop tools.
No coding or technical skills required.
Get it here.
How to create your own NFT marketplace
Medora is an NFT digital asset marketplace based on Ethereum. Built using Solidity, Web3, IPFS, and React.js.
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- macOS ( 10.9 Mavericks and above)
- Windows (Windows 7 and above).
How Are These Apps Useful for the Beginners?
If you have recently entered into the NFT world, it might surprise you that people can even create their own NFTs using well-known, highly efficient, and well-equipped apps like this article. These pieces of software are a good option for beginners who do not know even the basic steps of creating art.
Moreover, with their highly improvised drawing and illustration features, these apps are loved by the top art creators known for their incredible and unique artistic skills.
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And be sure to animate your designs and bring them to life for instant audience approval.6) Mimic offline experiences online
This may sound counterproductive, because the NFT fandom always claims that all things online are better than all things offline. This is the reasoning for many to invest in virtual assets rather than buying them physically.
But if you look at the top-selling NFTs, people are investing in NFT designs and assets that allow them to mimic the experience they would have otherwise had offline.
You may have heard that people are buying land online, which is a very offline world activity.
This trend is now moving to the NFT space as well.
In another example, there is a soon to be launched NFT collection (Casino Royale NFT) that contains 10036 virtual playing cards.