Category: NFT

NFTs has become the most popular investment tools recently. NFT marketplaces like OpenSea now allow each user to purchase their own NFT as well as create and sell their own NFT. However, there are some points that need to be considered in order to create and sell an NFT. How to Create NFTs on OpenSea and sell your own NFTs by following the steps below.

NFT Design

When you want to make an NFT and sell it, you need to have a digital asset that will be converted into NFT. This digital asset can be many file types, especially an image, audio, video, and 3D model. An original work is one of the most important parts when producing an NFT. For this reason, a good design that has been studied will attract attention.

How to Mint NFT in OpenSea?  

First, in order to create an NFT or NFT collection in OpenSea you must integrate your digital wallet via the opensea.io website, and the most popular wallets are MetaMask and Coinbase wallets for this process.

Create a Digital Wallet

To log in to OpenSea, you need to connect a digital wallet to hold your assets or perform various transactions.

Add Crypto Currency

You will use cryptocurrencies as cash or credit cards are not valid in the NFT market. For this reason, you must load the cryptocurrency of your choice into your digital wallet.

Upload the NFT Artifact or Collection You Created

After pressing the “Create” button, it’s up to you to convert anything you dream or design into NFT. Then you need to determine which blockchain it will be on to mint your work. It is necessary to make this decision very well. In the last step, you can upload your work.

Set a Price to Your NFT

Bring your work to the market, you need to set a price that must be paid.

Create Additional Content that is Unlocked After Purchase                

Although not every seller does it, usually best sellers with high volumes including Cautron, uses this feature. You may add an unlockable content which becomes visible after the purchase to provide additional benefits.

Specify Minting Type

Now it’s time to mint (verify) your work. You can choose to either pay a gas fee for the creation of your work, or pay the user who will buy the gas fee (transaction fee), known as the lazy minting method.

Add Name, Description and Properties To The Work

A work of art without a name is never complete. In order for users to see your works, you need to add a name and description.

Mint Your NFT!

Once all the details are arranged, you are ready to go to market. After the digital file is uploaded, you can pay an initial fee (gas fee).

Additional Important Steps:

External Link and Description

After the above steps, if your NFT has a project or if there is an external link describing NFT, you can introduce your NFT better by adding it to the “External Link” section. You can support it by writing an article to describe your NFT in the “Description” section.

Add to Collection

In the “Collection” section, if there is a collection that you have created before and you want to add, you can add it by selecting it.

Other Features

You can specify the properties of your NFT from the “Properties” under the Collection section, so a user can easily filter among your NFTs. You can scale these features by specifying certain features of your NFT along with the “Levels” and “Stats” options below.

With the first of the features below, it can only add a password to the NFT that only you can turn on or off. With the latter, if your NFT has inappropriate or sensitive images, you can warn users by marking them.

NFT Supply

In the “Supply” option, you can specify the supply number of the NFT you have created.

Blockchain

Finally, you can choose the blockchain where your NFT will be created. Here, your NFT will have different features depending on the network you have created the NFT. If you create NFT on the Ethereum network, you may face high gas fees, but it will be easier to sell since the Ethereum network you put up for sale is the most used network. When you create it on the Polygon network, your NFT will be created instantly without paying gas fee.

After completing all these steps, pressing the “Create” button at the bottom and confirming it from your crypto wallet, your NFT is now created and ready to be published, and now you know how to create NFTs on OpenSea!

Questions Answered by the Blog:

• On which blockchain should I build my NFT?
• What is the NFT supply?
• How to create NFTs on OpenSea?
• My NFT has sensitive content, what should I do?
• What is External link and description in OpenSea?
• What does NFT minting mean?
• Why is design important when creating an NFT?
• How is NFT created?

Brands That Have Taken A Big Step Into The NFT World

As we all know, NFT is now the favorite of the whole world. Although it was produced in 2014, it could not make the sound as it is now. But now the situation is different for NFT. The developing NFT seems to have caught our attention as well as its world-famous brands. These brands include Gucci, Coca-Cola Dolce&Gabbana, McDonald’s and NBA that we all know. We can say that these brands have taken the first step into the world of NFT as a collection or a single piece of work.

GUCCI’s Name In The NFT World is SUPERGUCCI!

A multifaceted exploration of the digital realms has begun on the Gucci side. This experimental creativity naturally takes place in NFTs. Gucci has stepped into the NFT world with Superplastic under the name SUPERGUCCI. Blending the aesthetic codes of Alessandro Michele’s Gucci Aria collection with the style of synthetic artists Janky and Guggimon, he created a 500 NFT collection accompanied by handmade ceramic sculptures.

McDonald’s Enters NFT World With Unique Tastes

McDonald’s, the fast food chain we all know, also participates in the NFT trend, which includes most famous brands. Although the main purpose of most brands that participate in the NFT world is to make money from their works, things don’t seem to be that way on McDonald’s side. Two NFT products depicting ice cream and french fries on Twitter According to La Réclame, there will be 20 unique works in total. McDonald’s will use these works for PR purposes, and products whose value is not yet known will be gifted to its followers and employees.

The name of the NBA in the NFT Stream is NBA Top Shot!

Interest and demand in the NFT market is increasing day by day. The NBA seems to want to be a partner in this market. The NBA announced on its official Twitter account called NBAxNFT that it will launch the “The Association” NFT collection. Each of the 18000 Ethereum-based NFT collections will represent a player in the playoffs to be played this year.

Thus, each player from the 16 different NBA teams participating will have 75 NFTs.

Questions Answered by the Blog:

• Which brands are releasing their own NFTs?

What Is Relation of Ethereum and NFTs?

Anyone interested in the Crypto Exchange is more or less familiar with Ethereum. It is obvious that it has recently made a splash through NFTs. So what is the special relationship between Ethereum and NFTs? Let’s take a look at the answer to this question.

Questions Answered by the Blog:

• What Is Ethereum (ETH) Relation To NFTs?
• What is the Impact on ETH and NFTs?

How Does The Ethereum Main Network Work?

When we look at it, Ethereum actually works like a huge decentralized state machine. That is, you can take a snapshot of each address in the Ethereum blockchain at any time, you can determine its state. The evolving actions in the blockchain cause the current state to change, and the snapshot of each node also changes. So for some reason, each node connects to each other and creates blocks. Each block is linked to the previous block. This creates the blockchain as we know it.

Questions answered by the blog:

• What is Main Network?
• What is Test Network?
• How Does the Ethereum Main Network Work?
• How Is The Blockchain Formed?

Ethereum Is The The Power Source of Decentralized Applications

Ethereum is a technology that fuels the cryptocurrency ether (ETH) and thousands of decentralized applications.

To give an example, Amazon is a platform where users, sellers, buyers, etc., transactions are stored in databases, constantly updated and linked to inventory as a result of shopping, through a website. Amazon is in the role of intermediary and technology officer here. This is exactly the role he wants to create in his Ethereum, that he wants to enter.

A Fairer Approach

When we look at today, if you want to open a bank account, the bank you apply will look at your situation with other banks and show you an approach accordingly. It restricts you, does not look at your current situations. Ethereum’s decentralized finance (DeFi) system will never restrict or discriminate against you. You can send, receive, borrow, earn and transfer money with just an internet connection. Just this system we can say that it makes most users sympathize with Ethereum.

What are the Differences Between Ethereum and Bitcoin?

There are certain transactions you can do in the Bitcoin network. However, the Ethereum network has a much wider horizon than the Bitcoin system. You can produce countless different software, new systems and new altcoins. The Ethereum Blockchain system works more systematically and faster than the Bitcoin blockchain system. 1 Bitcoin blockchain is formed in 10 minutes, while the Ethereum blockchain is formed in 15 seconds, so the confirmation process is much faster.

How Do I Buy Ethereum?

The purchase of Ethereum, contrary to popular belief, is very simple and can be purchased without the need for technical knowledge. For this, opening an account on exchange sites such as binance, creating a wallet and making the purchase.

What is Etherscan?

Etherescan is a blockchain explorer for the Ethereum network. It allows you to search through transactions, blocks, wallet addresses, smart contracts, and other data.

How Do I Use Etherscan?

To use Etherscan, you will first need a wallet address, then a transaction ID, contract address, or other identifier.

Who is the Creator of Ethereum?

The creator of Ethereum is Russian-Canadian Vitalik Buterin. Inspired by the decentralized money Bitcoin, he believed that it was possible to have a wider application than Bitcoin. However, other important figures of this community are: Gavin Wood, Jeff Wilke, Joseph Lubin and Vlad Zamfir.

Questions answered by the blog:

• What is Ethereum?
• How Do I Buy Ethereum?
• What is Etherescan?
• How Do I Use Etherescan?
• What are the Differences Between Ethereum and Bitcoin?
• Who is the Creator of Ethereum?

What is Gas?

Gas is the unit of measure that calculates the transaction money you have to pay when you perform each transaction. Since computing resources are required for each transaction, each transaction has a fee. In summary, gas refers to the transaction fee required to execute the transaction on Ethereum.

Why Is Gas Fee Variable?

As the demand for Ethereum is high, gas usage is quite high. In addition, the gas fee for each transaction may vary. However, users add the extra gas fee, which we call tip, to speed up their own transaction. All of these reasons are responsible for the volatility of gas prices.

Questions Answered by the Blog:

• What is Gas?
• What is Gas Fee?
• How is Gas Fee Calculated?
• How Can I Speed ​​Up My Transactions on the Ethereum Network?
• Why Is Gas Fee Variable?

There are many notable NFT Platforms took their places beside the biggest platform OpenSea, which we all know. There are more than one platform as an alternative to OpenSea. Let’s examine these NFT Platforms Alternate to OpenSea.

Rarible

Rarible, one of the largest sales sites, seems to have attracted the attention of local users the most. The density of Turkish buyers or sellers is so high, the site is both easy to use and the site has a reward system, fixed price sales and auctions as in some platforms. enough to explain the intensity of its use. In addition, commission is deducted for each nft sold on this site.

Nift Gateway

One of the best NFT sales sites, Nift Gateway, accepting credit cards as a payment method is not very suitable for the fact that digital assets should be decentralized, but we have to say that the site has a large audience. On this site, which is very simple to use, commission is taken from every sale, as in most sites. To log in to this site, you need to link your account to a wallet.

Mintable

Mintable differs from other NFT Marketplaces with a few features, the most liked feature by users is that free NFT is designed and put up for sale. The site does not take any money from the seller until the NFT is sold. But we can say that the commission he receives after the sale is 5%. In addition, it is under your control whether your sale is auctioned or fixed price.

Questions answered by the blog:

• What are Opensea like Platforms?

It is quite simple to create your own NFT and put it up for sale via any website. However, just selling NFT does not mean that NFT will be sold. There are NFTs worth millions of dollars today, but they are in existence. NFTs, which are usually sold at such high prices, show the feature of being part of a collection. So what makes a collection successful?

Founders / Creators

One of the most important factors to consider for a successful NFT collection is its creators or founders. It is always reassuring to have a creator of a project that is not anonymous and visible to public.. It can be a person or a company, but having a website that everyone can access or knowing their social media accounts is one of the factors that strengthen that project.

If the shares, agreements or new content made by the founder are visible to the public, it will make that collection easier to be adopted by the audience. After all, the last thing anyone wants is a founding team walking away from the project.

Contents

Content is actually the most subjective part to consider when creating an NFT Collection. For a project to be strong, it is also important to understand and see what kind of content will appeal to a wider audience. After browsing through some of the best collections on OpenSea, you can get an idea of ​​the different types and designs that people can enjoy.

Community

For an NFT project, community is one of the most important considerations. The ensemble of a collection can be found relatively quickly. You may encounter two different scenarios when you access a project’s community. The first is an unsafe environment with too many toxic people. The second is a community focused on the future of the project and with a quality environment. In the second scenario, we can foresee that the project will develop continuously in the community.

Road map

When an NFT collection is revealed, the founders share the entire process of that collection with their investors, showing that the project has been well thought out. If an investor buys an NFT from that collection, he can easily understand that his investment is safe because he knows the future developments.

Questions Answered by the Blog:

• Why is NFT collection important?
• Can every NFT find a buyer?
• What should I pay attention to when removing NFT?
• What makes an NFT collection successful?
• What is the importance of roadmap in NFT collection?
• What is the importance of community in the NFT collection?

What is NFT?

What is NFT? – Popularly known as a non-fungible token (NFT for short), it is a unit of data stored on the blockchain that confirms that a digital asset is unique and therefore not interchangeable. Anything found in the digital world can be stored as NFT. NFTs are mostly produced with Ethereum token standards. However, unlike cryptocurrencies, they are not traded in Ethereum’s ERC-20 standard, but in ERC-721 and ERC-1155 standards.

NFTs that are not mutually interchangeable like regular cryptocurrencies function like a cryptographic token, in other words, they are not interchangeable. NFTs generate cryptographic hashes, a string of characters that confirm that a dataset is unique, when strings against previous records, thus forming a chain of identifiable data blocks.

What can be stored as NFT?

Any imaginable asset in the digital world, including video, image, GIF, message, tweet, can be converted into NFT and stored. The NFT-converted digital asset is uniquely transformed into a dataset, thereby protecting that asset from being used by anyone other than the intellectual property owner.

How to make NFT?

NFT is created by uploading the file to be converted to NFT to an NFT auction market such as KnownOrigin, Rarible or OpenSea. This enables the creation of a copy of the file saved on the blockchain as an NFT that can be bought and resold with cryptocurrency. Even if an artist sells the NFT representing a work, the artist may retain the copyright to the work and create more NFTs of the same work. The recipient of the NFT does not have exclusive access, nor does the recipient acquire the copyright to the “original” digital file.

Questions Answered by the Blog:

• What is NFT?
• What can be done in NFT?
• Why are NFTs valuable?
• How to make NFT?