NFT Collection

 NFT Collection: How to Create an NFT Collection.

In this article; you will know how to create an NFT collection, the NFT collection website, the best way to create an NFT collection, and how one can trade NFT

Have you heard about NFT? Well, NFT is the latest in town. It feels good to know more about blockchain's new development as a crypto lover.

These days; cryptocurrencies are cultivating new strategies and new programs are also evolving.  If you are current with the crypto trends; and you stumble on something new, you will want to dive into it; to know more and how it can be helpful to you.

Ever since NFT was launched, it has been so complicated; sincerely speaking, a lot of people don’t have a clue on how it works up till today. But that is what we will be talking about.

A few people have the idea but they don't know the NFT collection website, How to create an NFT collection, how one can trade NFT, and how NFT trading works. When it comes to venturing into NFT; these are the basic things you need to know.

A single picture has been sold more than a thousand times. There is different news on the internet about projects that are worth a lot of money on NFT. And corporate cash grab has been a bit difficult to achieve.

Different stories about NFT would leave you wondering how it works. If you truly want to know more about NFT; read to the end.

What do these abbreviations stand for?

Non-fungible token.

When we say something is Non-fungible; what it simply means is that it is unique and can't be rehabilitated with something else. Bitcoin is an example of a fungible. When you trade a certain amount of bitcoins for another; and you get the same amount, the system is known as no fungible.

Another example of a non-fungible token is a card that is being traded for other cards.

How does it work?

An NFT works along with blockchain technology.  Every NFT has a unique application based on its distinctive Construction. Every digital asset you come across is a standard carriage for the representation of a physical asset like artwork or real estate. One other thing to know is that an NFT would serve as originality surveillance because they are designed in the blockchain. 

An NFT can help you from new markets, make a bruised transaction work effectively, and also take intermediaries off.

Nft Collection Website

Opensea

The opensea is the most popular trading platform and it's the widest among all the platforms. It is a unique peer-to-peer variation when it comes to purchasing and also selling a non-fungible token on the internet.

Opensea exceeded a trading volume of more than $20 billion lately and it supports varieties of blockchain and also offers many non-fungible tokens like Collectibles, music, Gifs, artworks, and many more

Rarible

Rarible is a community-owned marketplace; it is said to be the largest non-fungible token on Ethereum. The platform displays different types of collectibles and digital arts. Rarible is said to have a trading volume of almost $290 million.

The platform allows every user to purchase varieties of media and also sell them out. A user can create more than one piece and sell it out multiple times. You can gain access to this platform by using cryptocurrency wallets like MyEtherWallet, Coinbase, and MetaMask.  

Solanart

According to what the internet says about Solanart; it is the first platform that competed in the solo blockchain. While another NFTs marketplace is the Ethereum blockchain. The platform offers an exclusive collection of NFT; collections like SolPunks and Aurory are good examples. To gain full access to solonart; you will need to install one of its wallets on your device. Once you meet up with the requirements; you can start purchasing and also bidding on different NFT art pieces

Here are the lists of NFT collection websites

• opensea
• Rarible
• foundation
• superrare
• mintable
• Thetadrop

How to create an NFT collection

Creating an NFT collection can be done in six steps

Pick an item

They are different digital assets that can be turned into NFT; it varies from different art like a picture, custom paintings, video game collectibles, memes, music, and many more.

Pick a blockchain

After picking an asset; the next thing is to choose a blockchain. Ethereum (CRYPTO: ETH) is The most popular blockchain to use; while the other ones are Polkadot, Binance Smart Chain, cosmos, and many more.

Set up a digital wallet

Chose an NFT marketplace

Axie Marketplace, Nifty Gateway, ThetaDrop, and Mintable are examples of the markets place to chosen

Upload the file

Once you’ve got a marketplace; the next thing is to upload your file; bear in mind that every file you are uploading would be converted to a GIF, MP3, PNG, and many more.

Set up the sales

Once you are through with this, the next step is to set up the sales, and all you have to do is to sell your art at a fixed price, Set the timed auction, and Start an unlimited auction.

How to invest in NFT

Create an Opensea account

You can start by creating an Opensea account. or Rarible, these are the two popular platforms.

Set up a digital wallet

A digital wallet is a place where you store your NFT. Coinbase is a good example of a digital wallet.

Fund your account

A bank account and a credit will be needed for your crypto transaction. There is a possibility of also going through an identity verification process, depending on the software/exchange platform you will be working on.

Purchase an NFT

Look for the perfect NFT that will be ok for you and buy it. Every NFT marketplace will work you through the process.

Nifty Gateway, Axie Marketplace, ThetaDrop and Mintable are good marketplaces.

An NFT marketplace is where you sell your digital assets in exchange for money: they are different things to sell on these websites ranging from virtual worlds, music, GIFs, memes, arts, and many more. 

Can you trade NFTs

Well, there is no specific answer to that but it's a difficult task, it is difficult to sell or buy NFT from the exact platform where your cryptocurrency were obtained from. The only option you have is to join a different marketplace where people display their NFT for sale, people also buy on these platforms.