In this article, We will See
How to Buy, Sell NFT's Easy Steps Guide to Beginner from Scratch. Check Out the Guide Below With the Videos to help you go through it.
To Begin first will see What is an NFT, the Types, and the Guide to Buy, Sell and Create NFTs
What is an NFT?
A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio.
Types of NFTs
An NFT can be created, or “minted” from digital objects that represent both tangible and intangible items, including:
- Art
- GIFs
- Videos and sports highlights
- Collectibles
- Virtual avatars and video game skins
- Designer sneakers
- Music
How to Create an NFTs of any Type
Now will See the Step by Step by Guide on How to create an NFT,
Go to your browser (Chrome), Open Up the Search Bar
What you need to start creating NFTs
- Ethereum (ERC 721) Wallet
- a small amount of Ethereum
- Connect your wallet to an NFT Marketplace
- Make a Digital Art File for your NFT
- Step 1 : Create An Ethereum Wallet
This wallet can hold your NFTs and you’ll also need to use it to pay blockchain gas fees later on, there are hundreds of platforms that offer free cryptocurrency wallets, I suggest you go with metamask or coinbase.
- Step 2: Purchase a small amount of Ethereum
There are fees with converting your content into an NFT on most major digital art platforms. I’ll go over that in greater detail later, but for now, you’ll need to buy some Ethereum (ETH) to pay the expenses of making your own NFT.
The simplest way to begin is to set a dollar amount that you are willing to spend and then purchase precisely that amount of Ethereum, I suggest you buy Nearly $50-$100 in ether (ETH). If you use Coinbase’s wallet, you can buy ether using US dollars, British pounds sterling, and other fiat currencies.
- Step 3: Connect your wallet to an NFT Marketplace and create a marketplace:
After you’ve set up your wallet and bought some ETH, you’ll need to choose a marketplace where you’d like to make an NFT and sell your artwork. If you’re just getting started with NFTs, I recommend starting with the open sea it had the simplest and most simple setup of any site I tried. Here’s how the process works on OpenSea.
Check Out:
- Click to OpenSea to go to the website
- Once you are in click “create” in the top right corner and select “my collections.” From there, click the blue “create” button as shown :
How to Create, Buy, and Sell NFT (Video Tutorial)
- Click “Create”
When you click the “create” button, you’ll be taken to a screen where you’ll be asked to connect your Ethereum wallet. When you enter your wallet password when required, your wallet will be automatically connected to the marketplace.to prove you own the wallet address, you may need to digitally sign a message in your Ethereum wallet, but it’s just a matter of clicking through.
There is no charge for digitally signing a message; it is just a way to demonstrate that you own the wallet.
- Create collections:
The next step on OpenSea is to pick “my collections” by hovering over “create” in the top right corner. Then, as seen below, click the blue “create” button.
This step consists of you making a folder to store your newly created NFTs in , after you click on ‘create’ a window will appear that allows you to upload your artwork, Fill in your information and include a description.
- Once you’ve chosen an image for your collection, you can move on to the next step
add a banner image:
as shown below once you’ve selected an image to your collection. After that, click the pen icon in the top right corner to add a banner image to the page.
Your page should end up looking something like the image below:
upload your first NFT Artwork
Congrats now you have your own NFT marketplace, next, we will upload our first NFT Artwork, music, GIF, or 3D model.
When you’re done, click “create” at the bottom of the page and sign another message in your wallet to validate the NFT’s creation. After that, the artwork can be added to your collection.
How To Sell an NFT
After Uploading the NFT, or which You Already Bought an NFT
- Go to the Collection Section
- Tap Sell.
- Specify the Bid Amount of that NFT
- Make Complete
- Now the NFT Will be Listed on the Network
How To Buy an NFT
Choose from the collection of NFT
- Select BUY
- Go to the Wallet
- Add Funds
- Verify the Wallet Authentication
- Proceed With the Complete
- Now the NFT will Be Owned By you
Conclusion
So, to conclude, as Creating, Buying, and Selling NFTs of any type can be done on any device, I here Explained with the Metamask Wallet and the blockchain network you can choose any i.e Ethereum or the Polygon networks. Polygon Network has no gas fee when you initially Create, Buy the NFTs, it will be Collected at the Selling time of 2.5% of the value.
So here I here choose Opensea Network as it is the largest NFT Exchange as of now with an easy User Interface that can be used without issues.
You can Choose any Exchange and Wallet as your Need