If you want to create your own NFTs, it’s surprisingly easy.
OpenSea and Rarible are the leading platforms for NFT creation. While Rarible dominates total sales figures, OpenSea provides more related services, including the ability to create your own NFT webstore powered by the OpenSea exchange. Both platforms allow users to upload their art and create collections without any technical blockchain knowledge required.
Before you get started, know there will be some up front costs. NFTs are powered by a blockchain – typically Ethereum’s blockchain. Using a blockchain comes at a cost, a network fee called gas, that you’ll need to pay in order to tokenize your art.
Rarible requires artists to mint their NFTs on the blockchain (on-chain) during creation. This means repeated smaller costs. If you’re planning on selling a couple NFTs for huge prices, Rarible is likely your best bet. On the other hand, if you want to create a multitude of cheaper NFTs, you’ll want to use OpenSea’s Collection Manager.
OpenSea Collection Manager allows users to pay a one-time fee for establishing a new collection. From that collection, an unlimited number of NFTs are able to be created and stored off-chain by the OpenSea centralized team until a sale is made. At this point, the buyer will pay the gas fee associated with the transaction, and your NFT will be placed on the chain and transferred.
This tutorial will cover the step-by-step process for everything you need to create your own NFTs in a collection on OpenSea.