Non-fungible tokens (NFT) are a new trend in the cryptocurrency space. This market has grown several times in recent years and continues to grow at a rapid pace.
What does the NFT market segment look like in general? It mostly relies on various art objects, sets of items, game parts from Metaverses and other tangible assets like music tracks, buildings and anything that can be associated with digital tokens and thus prove ownership of a given digital asset.
Today, the most trendy type of NFT is various NFT collections. The first such project started back in 2017, and since then, its popularity Egypt Phone Number List has grown. Serious crypto market players have already become or are preparing to become part of this trend.
For what objects can nft tokens be issued?
A non-fungible thing (object) is one that is unique due to its characteristics and cannot be formally replaced by exactly the same thing. A token is a designation of an entity in systems running on Blockchain and is generated for a specific unique thing. Non-fungible tokens have become widely known. This is the basis for the emergence of tools for profitable investments, the opportunity to earn money, develop projects and ideas. NFT is a digital certificate of a unique item.
A non-fungible token is generated for a specific unique object using a corresponding smart contract and is recorded in the Ethereum (Token: ETH) and Polygon (Token: MATIC) Blockchains. For example, this is a music track, a work of art, a football map, videos, gifs, photographs – in a word, any work that claims to be unique.
The list of possible tokens also includes domain names. They are often registered for personal names and unique crypto wallet names. Using an NFT domain, a user will be able to send and receive cryptocurrency and tokens supported by the Blockchain. Compared to a standard wallet address. Which consists of a random alphanumeric set, an NFT domain has an address that is understandable to the user.
Create an account and release an NFT collection
When creating an account on OpenSea, you need to pay a registration fee. This is the so-called account initialization before placing it on Ethereum. You can access the account through the wallet and launch an NFT for a fee or for free. When creating an NFT on Polygon, you do not need to pay an additional gas fee, unlike Ethereum. However, Polygon is less popular than Ethereum. A collection can include thousands of art objects, music, photographs, luxury items, etc. with one plot line.
The specialists of our patent office of Ukraine provide services for the release of NFT collections taking into account all requirements. To do this, you need to leave a request for an order. We have developed unique smart contracts that confirm the copyright to own a digital asset. In addition, thanks to our smarts. It is subsequently possible to identify and remove pirated NFTs.
What is Web3?
To create an NFT token on OpenSea (one of the platforms for implementation) and start selling collections, you need to take care of launching advertising. Of course, new technologies dictate new solutions for marketing. So, Web marketing technologies are used for these purposes.
Web3 is a concept of an updated, third generation of the World Wide Web, which functions decentralized on the blockchain and token economy. It is opposed to the Web2 Internet, which functions on the basis of centralized platforms designed for communication between users. Such as Discord, Twitter, and others.
This is the most immediate future: Metaverse, blockchains and tokens. A new level of interaction: when the avatar in social networks becomes digital, and through it, communication with other profiles occurs; users share their content, consume someone else’s. But in a different format. The evolution of the Internet implies that it is turning into a database.
What role do NFTs play in Web3?
Metaverse is a three-dimensional space in Web3 that unites all virtual spaces. Files are collected in one place. And here you can act as in the familiar world: work, shop, walk, etc.
NFTs are used in the Universe to purchase and sell objects in various fields: from games to real estate. They confirm the right of ownership of things: objects, photos, music, paintings, etc. With the help of NFTs, property is registered, and it is possible to increase the income that a business brings by issuing tokens for services: the right to view. Purchase land.
The Universe and NFT are the future, the transition to the virtual world will happen soon, and it is better to be ready for it. Our company has long understood this new topic, uses technologies and can help at all stages of creating an NFT collection, game, Metaverse for a specific business.
NFT Marketing (web3 marketing)
For the most part, launching a token is similar to starting a business idea. To ensure successful marketing, there are a few important rules to consider:
- Understand the financial side: what makes an NFT collection rise and fall in price, etc.
- Tell your target audience about what NFT is, ways of integration. NFT is relatively new, and not everyone uses it for business. But for marketers, it is a new method of communication with their community. Tokens give entrepreneurs the opportunity to form a community with their target audience.
- Develop a long-term strategy. If the token is created from scratch, it should be approached as a brand that will work for a long time. If the NFT is tied to an already promoted brand, it is necessary to understand what benefit the collection will bring to it.
Our company’s employees will help at all stages of the release of the NFT collection.
What is required to create an NFT on the marketplace?
There are absolutely no limits on the digital assets that can be purchased and sold on the OpenSea platform.
- Wallet. The platform offers a choice of different wallet options, but the most famous is MetaMask. Plus – the function of its installation on all known browsers, including Chrome and Firefox. If you follow the instructions, then after installation, an ETH wallet is created. It is important list of latest marketing mobile numbers to remember the secret word, which will allow you to restore access if the password has been lost.
- Profile. On the home page of the platform there is a button “Create”, which allows you to register and connect your wallet to OpenSea. The trading platform for the formation and sale of tokens interacts with other wallets. It is recommended to give all the links to social networks as quickly as possible and design your newly created profile, as well as the collection itself, which you are going to make. In this matter, it is best to contact specialists. Our company is ready to help in the creation and release of an NFT collection.
How to create NFT on OpenSea?
The OpenSea platform interacts with different formats. Each of which is mostly known. The most commonly used are SVG, PNG, GIF, GLTF and GLB for 3D objects. Next, you need to create a token – upload a file of the mentioned formats. It should not be larger than 100 MB. Here you will need:
- Select a file name for tokenization;
- Enter links to your website, network account and other resources where users can monitor the token;
- Next, you need to add a description to the token – the marketplace does not limit symbols, you can briefly or thoroughly describe the NFT using web syntax;
- The field called “Collection” is still empty because this is only the creation of one token;
- In the “Blockchain” category, you need to select Ethereum or Polygon – as a rule, users use the first option, but if you do not want to pay a commission for gas (this is what they call a unit of ether), then the second option is preferable;
- Next, you need to click on the “Create” NFT button.
How to sell NFT on OpenSea?
The OpenSea “marketplace” allows you to sell your token without having to leave a mark on the blockchain. If you want to quickly register the created NFT on the blockchain, you will need a certain amount to pay the commission.
- Sale. Immediately after the NFT is generated. You can see the “Sell” button. You need to click on it and proceed to the sale settings. If you choose the Polygon blockchain, you should simply specify the price and sign the transaction using the previously created wallet. If you prefer Ethereum, you can set a certain fixed price or select an auction. It is important to specify the time for which the sale will be held. In additional settings, you can mark a specific buyer and reserve a token for him.
- Once a collection has been created. The asset needs to be supplemented to make it valuable to potential buyers. In particular, this includes:
- an essay-story that you can tell users about why you created the collection;
- concept: why buyers will want to work with your NFT;
- business plan to increase customer investment;
- the general development of the metaverse, the creation of game worlds.
If there are plans to create an NFT collection for sale, then you bj lists need to take into account the costs of marketing. We can teach the client how to independently promote their own NFT collection or take on all the hassle associated with this issue, with a clearly agreed advertising budget.
How much does it cost to create an NFT on OpenSea?
The OpenSea platform requires each creator to make a payment before making the first sale. The cost of these fees is not final and can be reduced a little. First of all, all fees are paid in Ether. Both of these fees are transactions in the Ethereum block list. To restore the energy that is used to process the transactions. You need to pay a gas fee. The first fee varies from 70 to 300, and the second from 10 to 30 dollars. This variability is due to the gas fee. There are periods when fees are higher and periods when fees are lower. In addition to one-time fees, the platform takes 2.5% of sales. The user pays this amount to the marketplace when the asset has already been sold. By the way, you can save on fees if you contact our company.
