What is an NFT?
NFTs, or non-fungible tokens, are a type of digital asset that can represent just about anything: collectables such as limited edition items from pop culture or artists, event tickets and loyalty points, and game items like skins and characters in gaming. NFTs are an easy way to get people to buy into the idea of an item or collectable with which they might not otherwise be familiar — it’s all about trust and intrinsic value.
As such, NFTs are a way to make use of the latest iteration in crypto and blockchain technology while still keeping the principles of crypto assets like security and decentralization intact.
NFTrade — How to create your own NFT
So you want to get in on the ground floor of this exciting new trend and create your own NFT? Luckily, the process of creating an NFT is pretty simple. First, let’s take a look at NFTrade , which is the blockchain platform used for creating these types of assets.
NFTrade is a digital exchange for trading virtual goods and securely storing them in one online location. It cracks down on fraud and theft by using smart contracts to validate each player’s transactions. The contract for creating your own NFT will give you rights over something that only exists in cyberspace — it creates ownership rights over a digital file of some kind. NFTrade is not the only place you can go to create NFTs, but it is the simplest, easiest and most secure place to do so.
To create your own NFT, go to the main website at NFTrade and register for a free account. You can then get started by creating a digital asset as described in this tutorial — that’s all you need to do!
Step by step process of creating an NFT
Step 1
- Log into NFTrade account
- Click on create NFT
- Click on the “CONNECT” button to connect to your Wallet
NFTrade runs on four mainnets: Ethereum, Polygon, Binance Smart Chain, and Avalanche.
You’ll see that there are three different types of digital assets (image / video / audio) that make up your NFT — each with its own set of characteristics.
Step 2
- Click on the “Choose File” to upload your unique art
- It could be an Image - JPG, PNG, GIF, Video - WEBP, MP4 or Audio - MP3 or even a combination of two or all three.
Maximum size of any of file is 30MB
Step 3
- Choose a unique name for your NFT
- Input it in the text box
Step 4
- Describe your NFT
- Input your description in the text box. This helps other users understand your unique creation
Step 5
- Input the property and value of your NFT in the text boxes
Step 6
- Select the “Collection” box and choose where your NFT will appear
- Read the terms and conditions, and click on the checkboxes
Step 7
- Finally, click on the “CONNECT ACCOUNT”
You have successfully created your NFT. Pretty easy :).
