How to create an NFT? Can you make it for free? Without coding?

NFTs have been on the rise in the world of cryptocurrency and blockchain, and many are looking to see if they can create one themselves. For those still wondering what it is, NFT stands for non-fungible token, which is a digital collectible.

According to HowToGeek, an NFT is a unique token on a blockchain and non-fungible – it cannot be substituted or replaced by anything else. NFTs have in existence since 2015 but increased in popularity in 2021.

Beeple, a digital artist, sold an NFT of his work for $69 million in March 2021. In October 2021, one of the largest NFT marketplaces, OpenSea, had a turnover of $2.6 billion, which is about 500 times more than the previous year , according to Reuters.

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How to create an NFT?

Whether you want to sell your work or dream of making millions in the NFT world, here’s how to make an NFT, according to HowToGeek.

• Step 1: The first step is to have or create something that can be turned into a non-fungible token. From digital art to memes to video game objects, almost any asset can be turned into an NFT if it’s available in a digital format.
• Step 2: Make sure you have a crypto wallet with some crypto money. This will be used to pay any fees associated with listing an NFT for sale. The same wallet can be used to receive money when your NFT is sold.
• Step 3: Choose a platform to sell your NFT on. Different platforms charge different fees and have different terms and specializations. Most importantly, they offer different blockchains to host NFTs on. Choosing the right blockchain is important as they affect security and usability for different people. Two major NFT platforms are OpenSea and Rarible.
• Step 4: “Mint” your NFT by uploading it to your wallet. The wallet depends on the platform and blockchain you have chosen. When you upload, you can add various features to your NFT to make it attractive, such as adding levels or hiding parts of it to make buyers curious.
• Step 5: Selling your NFT is as easy as pressing “sell” on the platform you have your NFT on. You can sell it for a fixed price, have a timed auction or an unlimited auction (“open to bids”). The buyer pays the NFT’s price plus some fees, which may go to the platform, to receive the digital collectible.