Comparisons of different NFT marketplaces to help you start your journey
NFTs has been a cultural phenomenon throughout the past few years. NFTs could be a great way to empower creators (like you) with the ownership of the work that you've done. With some creators making huge bucks off NFT, though, it’s understandable why you’d want to try your hand at it or play around with the tech to get a better feel for it.
We’re going to go over how to create an NFT using four of the most popular marketplaces (Opensea, Looksrare, Rareable & Mintable). We hope that by the end of this blog, you'd get a better idea on which platform would suit your needs the best!
Step 1: Setting up a wallet
You need a digital wallet with funds to buy NFTs. On OpenSea, the currency you will use to buy is Ether (ETH). The most popular web wallet for NFTs is MetaMask
First of all, you’ll have to link your MetaMask wallet to the OpenSea marketplace. MetaMask is a wallet available both as cold storage (when integrated with a physical HD wallet like Trezor or Ledger) and as a browser extension for Google, Chrome, and Brave. If you don’t have it, go to metamask.io and download it for your browser. Next, add it as an extension – you’ll see a tiny orange fox on the upper right side of your browser.
Step 2: Connecting MetaMask
First, go to opensea.io and navigate the top right bar – click on Profile. A new page will appear, prompting you to connect your wallet. Choose MetaMask.
You’ll go to multiple prompts for granting OpenSea the necessary permissions to use your wallet and funds. Next, a signing request will appear, and following the signing in, a “Connecting” screen will pop, which will link OpenSea to your wallet
Proceed by accepting the Terms & Conditions. You can easily access your funds in the wallet icon at the top right corner.
OpenSea requires all first-time sellers to pay two fees before making the first sale. Currently, the first transaction can cost anywhere from $70 to $300. The second transaction is usually $10 to $30.
Step 3: Creating an NFT Collection
Go to your profile and select “My Collection,” hit “Create” to start a new one. Your new collection will be composed of the logo image, the featured image, and the banner.
Below you’ll find different properties to fill in, starting with the URL of your collection on OpenSea, the description, category, and links to your website and social networks
You will be asked to insert your payout wallet address. Go to the wallet icon and click on your address, it will automatically copy it, then paste it on the required field.
Step 4: Minting an NFT
4a.) Go to your collection and hit “Add Item” at the top right bar. Then, upload your piece of art (image,audio or 3D models)
4b.) Then, you should add details to your piece of art ( name and description)
4c.) Next, choose the collection in which your NFT will appear (could be the collection you made earlier)
4d.) Fill in the levels and add some stats to your NFT
4e.) Last but not least, choose your supply, which means the number of copies that can be minted, and issuing the blockchain.