Sell your 1st NFT: Basics guide to minting NFT

1. Introduction: Hello everyone and welcome to a short, easy and fun course about lifting your LFTs if you've been following this channel, the last course was about how to create NFC is for free using Canva. And now we're going to list them and sell them. I am by no means an expert when it comes to NFC is but I'm just sharing what I've learned so far on my journey. Let's get started. 2. Create your wallet: Choosing a wallet. The first step, sometimes even before creating the art you will sell, you will need to create a wallet. The great news here is that for an absolute beginner, buying crypto using your credit card is a super simple procedure. But first things first, I did some digging around which wallets are the best when it comes to buying and selling LFTs. And here's what most experts recommend. Number one is MetaMask. You will find it at the top of every single list. It is the one wallet everyone's squares by its easy to setup. And more importantly, all major NFT marketplaces supported. It works both as a mobile app and as an extension to your browser. However, when it comes to being a beginner and NFT, a few other wallet stood up. Math wallet, for example, is a close second to MetaMask and even support 70 different crypto currencies, which apparently MetaMask doesn't. Next comes Alpha wallet, which is apparently very suitable for beginners. However, it only works with a furious and it's only a mobile wallet. Trust wallet also made the list. It's by mega company, by nouns, which is a very old player when it comes in all kinds of trading. There isn't really anything special about trust wallet. It's also user-friendly. Coinbase was also mentioned on a lot of lists. It's it's recommended, but in my opinion, there was nothing also about it that the rest of the previously mentioned wallets student truly offer. This class will mainly work with MetaMask, which was the top of everyone's list. So first things first to set up your wallet to login to MetaMask.io. You will then click download to get the desktop extension. I'm using Chrome if it's not clear here because the extension is already set up on my computer. This part isn't shown here, but you'll simply download the extension and just install it. And it will appear to the right side of your address bar or in the extension drop-down menu. Next, you will be given two choices, either to create or activates an existing wallet. We will click Create. From here it's pretty standard. You will check the data MetaMask uses and click Agree or no thanks. You will then create a new password. I recommend you watch the video about your recovery phrase. Next screen with your secret recovery phrase will be shown. I recommend saving it in several places. Once that's done, you will be asked to enter into your accounts using the password you set, then use the secret recovery phrase. You will then open your wallet. You will have three options by Send and swap. We of course will start with by, if you click on Buy, you will have three options, both wire and transact. The first second options allow you to buy crypto using credit cards. While the third option allows you to trans fat Ethereum from another wallet or cryptocurrency from another wallet. Wire doesn't work and some of the US states and some countries. So foia, here is a list of countries where wire doesn't work in trans Hank on the other hand, I'm not sure if I'm saying his name correctly has a pretty messy list of countries that operates in. It states that it covers 114 countries, while the list below seems a lot shorter. I say messy because my country isn't on this list, but it works perfectly okay for me. My point is check for yourself what works and what doesn't. The following payments steps are pretty standard because I'm already logged into my wallet. My wallet address loaded automatically. It's that long number you see on the screen here. If anyone wants to send you money, then send this address to them. In this class, we're going to mainly use open sea and breathable, both of which allow you to, allow you to list for free or without paying the gas fees. This is called lazy minting, where the person who's going to buy your art is going to pay for the gas fees or the minting fees. Gas is a term used to refer to the energy required to list your NFC. So basically you are paying for the power required to process your transaction. Sometimes you need to pay a onetime fee to connect your wallet to your account like an open sea. Or if you ever want to meant your artwork yourself just add around 100 USD dollars in your account. Due to the service fee or the processing fees, It may be best to make sure that you don't add too little or too much. So if you add two, let's shortly after you may need to increase the amount so you'll end up paying the service fee is twice. Or if you add too much like 11000 USD, you end up paying $30 and service fee or something. So make sure you always stay in the middle and that's your wallet has a little bit of money, allow you to main things or to pay any needed service fees. Next we move to listing your beautiful art. 3. What is minting an NFT?: What does minting an NFT? Maintaining is simply the act of changing your art into a token as a non-fungible token or an NFC. Token is a digital certificates of an item on the blockchain, which is a decentralized network. In simple terms, you are shifting your arts identity into a tradable item on the blockchain with proof of ownership either to you or to the person who buys it from you. To put it even simpler. Main thing is literally listing your art on one of the NFT marketplaces. That is it. Your art could be a drawing, a picture, a sounder recording of a moment in history, anything really? That's the beauty of LFTs. In this class, we'll try two different marketplaces. Open sea, which is the oldest and the largest, and variable, which is also often recommended. As a novice, I really didn't notice much of a difference between them except when it came to royalties. I know open see it has a cap of 10% while readable or allows you to set your royalties as up as 50%, which I know is a little bit high. Anyways, when I was listening my arts on Open see, I couldn't really see where to set my royalties, which in my opinion is a little bit of a down side anyways, I'll explain or royalties are in a second. But first I found this really nice simplified comparison on coin desk that I want to share with you. It allows you to see the differences between both of them. First of courses that open C is older. The points here, a beginner stroke care about are that open C allows you to trade on several cryptocurrencies. While unreadable, you can use your credit card directly to trade. Trading. Fee is the same. Royalties on variable allows you to request up to 50%. Lazy minting is allowed them both, which is an awesome feature where you can list without paying the gas fee. However, as you will see later in this course, there is an initialization fees when I was listening my first item, which, which essentially I'm paying for the gas to link my wallet to my account before I make my first listing and it's a one time fee. Now, what's our royalties? If I paint a canvas, a beautiful painting, and sell it to you for $100, you then markets as well and sell it to another client for $200. I don't get any additional cost and you make an additional $100. However, if we have an agreement where I take Rawls's order percentage from any this say your sale and any future sales. For example, let's say it's 10%. Therefore, from the your next sale, the one that was for $200, I get 10% or $20. And then from every other sale throughout the coming years and history I get 10%, which emit ensures that as a creator or as the first person who painted this piece of art, I will continue to get paid when its price increases. 4. How to List your NFT for Free?: List your NFV is for free. Now comes the great part. It's time to list or Min the NFV we created. We'll start with open seam. But before we begin, spend some time preparing the description of your collection and the description of your art itself. Create the header and the cover image you'll use and think of a creative name for your collection and your page. First step, log onto open C.io, click on the profile icon. List of wallets will then appear as a first step, you will click, Of course, on MetaMask wallet, which you already created. Once that's done, you'll be directed to an empty accounts. You will then click on the Settings button, which is on the far right. And of course, after thoughts, you'll just upload your profile picture out of your account name linked to Twitter at the hedger and finally, a brief description. Next you will click on Create at the top right of your window. This is also pretty straightforward. You will upload your file, make sure it's below the 100 megabyte limit. I'm calling this category outcasts with a capital C. I'm naming the first one, outcast One, just something regular. This is a place filler just to show you the how to create an N of t. The external link is great if you want to present a back story to your art or one to create a community around your collection. You can add the link to your website for engagement purposes and description of your concept story behind this piece and so on. I haven't created a collection yet, but this will allow me to add the item to a given collection that I've created before. Next is properties I recommend browsing other projects. So gets an idea of what to mention here as properties. I simply added the elements that stood out in my lockable content is a great way to add value to their LFTs with the huge competition that's going on in the nFET world, adding additional value that only the owner can see gives you a bit of an edge. It can be your NFT in a different format, access to a close community, a video, a high-resolution image, anything that the buyer will consider an added value to his ownership of the nFET is going to buy. Then comes supply. How much do you want to offer of this particular NFT? How many can be sold of your, of your NFT piece? I will set mine to one to give us more value. Now, your NFT is ready for sale. 5. Selling your NFT: Selling your NFT. The previous class, we added all the details about the NFT we want to sell. Now, what happens when we click the cell button? You will end up with two options. You either offer it as a fixed price or auction your art. Because the Ethereum value changes often before estimating the price you want to sell. A width, just add one if your IAM unit and check how much that is. Recording time it was $3,117.09. That's hot. How you value your art is completely up to you. I want to sell mine around between 15, $18. So I also keep an eye on the service fee. Your second option is a timed auction. You add the starting value and the duration. Now comes the reserve price. This is a price you set where if your oxygen doesn't reach the value, you can counsel, it's canceled essentially and benefit he isn't sold. However, it is a minimum one if your immunity, which is too expensive for the value I estimate my artwork to be. I'm going to turn this off. Now. Click on complete listing and you are done. Congratulations. I also wanted to show you guys how to sell on variable, which is by the way, I think a little bit more user-friendly than open. See, the process is almost identical. You first create your profile when you click on the sign-in button at the top right corner. You also choose your wallet or mathematics quality, that same process exactly once that's done, you can customize your profile as you wish, exactly following the same steps we did before. Then you will click on the Create button at the top right corner. Choose a currency. I also went with Ethereum, which apparently everyone is using. Choose if you want to create a single item lists a single item or a whole collection. I want a whole collection because I'm going to add a couple of similar and FTEs. The rest of the process is also identical. You upload your art, makes sure it's below 100 megabytes. Choose a fixed or an auctions option. Name description, value, free mentoring, which is awesome, unlocked content. I don't have any unlocked hands with at the moment number of copies, royalties, the properties, and so on. That's it to click Create. And it will meant also, congratulations. 6. What's Next?: That was it were the scores, I hope you enjoyed it. This is of course essentially a fairly basic look at the world of NFT is the purpose here is just to get you started and get your foot into the door in terms of training and exploring different marketplaces and different ideas. I hope next to take you with me on the journey of exploring different marketplaces, how to mint FFTs, two different cryptocurrencies, how to market and empties. And I hope to do all of that very soon. That was it. If you have any questions, please don't hesitate to send them to me. I'll get back to each and every one of you and looking forward to the next class.