Published January 16, 2023 by Technoloader
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Are you curious to know how much does it cost to create an NFT on Opensea? NFTs are a revolutionary new art form that is sweeping the globe. With their popularity skyrocketing in recent years, many people want to mint their own NFT but are put off by the high fees.
However, on some of the most popular NFT markets, this is even possible for free. This article will explain how to mint NFT in minimum priceon OpenSea.
In this step-by-step guide, Technoloader which is a leading NFT Token Development Company will inform you everything there is to know about turning your digital assets into NFT art.
Contact Us for NFT Development on Opensea 👇
Call/whatsapp : 👉 +91 7014607737 | Telegram :👉 @vipinshar | Email : 👉 [emailprotected]
Table of Contents
- 1 What is an NFT?
- 2 Minting of NFTs
- 2.1 Steps For Creating NFTs on Opensea
- 2.2 Cost to Create NFT on Opensea
What is an NFT?
NFT stands for Non-Fungible Token, and it is used to demonstrate ownership of a specific asset. When I talk about digital assets, I’m referring to them in general. Minting NFT simply means creating it on the blockchain.
So now the question arises, what could be an NFT? Basically, anything we own or have in the digital space. It could be a tweet, digital artwork, or even a music album, but art collections have proven to be the most successful in 2021.
Artists from all over the world can safely reach art collectors and sell their work with the help of the art blockchain. The best part is that anyone can create art and learn how NFT sells it.
However, the process of tokenizing a digital, or minted, NFT is costly. Because the majority of us were created on Ethereum, we will discuss minting on Ethereum. However, the popular network suffers from a significant disadvantage when it comes to NFT transactions, which are high gas fees.
It is a challenging task to develop an NFT token, however through this article, we will make this process easier and smooth.
Minting of NFTs
To learn how to sell NFT art, you must first select an NFT marketplace where you can mint NFTs at reasonable prices. You will also require a cryptocurrency wallet in order to pay fees and receive payments if your NFT is sold.
NFTs can be created and sold on a variety of specialised platforms. We’ll go over one of the most popular platforms for NFT trading: OpenSea. There are many wallets supported by these platforms for crypto, but we will discuss MetaMask here because it is one of the most popular among crypto users.
However, an important feature of these popular NFT marketplaces is that they allow free NFT minting while still charging a 2.5% service fee (from the sale price) for each NFT listed. This fee is paid to the platform rather than the blockchain network.
This step-by-step guide will help you understand how to create and sell NFTs on Opensea, regardless of whether you are new or experienced in the crypto space.
Steps For Creating NFTs on Opensea
- Step 1: Install and Create MetaMask Wallet
MetaMask is a popular cryptocurrency wallet that works as a browser extension on your device. Go to the MetaMask website and download the wallet if you haven’t already. You’ll also need to create a password for the wallet, which you’ll need every time you want to connect it to a new app.
- Step 2: Connecting Metamask on Opensea
To connect your wallet, go to the OpenSea marketplace and click on the top right wallet icon. Select MetaMask and confirm the wallet connection (a pop-up will appear). After connecting your wallet to the NFT marketplace, you will be able to view your profile and create your first NFT.
- Step 3: Creating and Minting NFTs on Opensea
You have the option of selecting one or more NFTs. When it comes to the most popular NFTs, I recommend minting a collection of NFTs because they appear to be more successful than single NFTs.
Click Create to make a one-of-a-kind NFT (on the top right menu). To create an NFT collection, navigate to the account icon (top right, next to the wallet icon) > My Collections > Create Collection.
The steps are very similar to those of menu and collection. The NFT Collection will require more information, and once created, you will be able to add items to it and specify the exact number of NFTs to be minted. You can always burn some of these later if you want to make your NFTs more scarce.
- Step 4: List Your NFT
This would be the last step where you can list your NFTs and set the desired prices of your tokens. After placing all the details, you will be required to click on complete listing so that your newly created NFT gets listed for sale and the investors can be able to purchase it which would help you in enhancing your revenue.
Cost to Create NFT on Opensea
The cost to create NFT on Opensea will be very minimal as it is one of the cost efficient method through which you can mint the non-fungible tokens. However, it must be taken into consideration that cost can fluctuate on various factors such as complexity of the project, developer you choose and number of token you want to issue.
When buying or selling an NFT on a marketplace, there are frequently fees. The largest NFT marketplace, OpenSea, charges 2.5% per transaction. The cost of minting, or creating, non-fungible tokens can range from less than $1 to more than $1,000 depending on the above mentioned factors.
Why Choose Technoloader for NFT Development Services?
Technoloader is one of the leading NFT Marketplace Development Company which is offering you with the opportunity to create NFT Tokens on Opensea. They have a team of skilled developers who assist you in the whole process and will create a unique and innovative non-fungible token for you.
Their NFT Token Development Services are designed in such a manner so that you can customize it according to your business requirements for fulfilling the goals of your business.
Quick Contact Us : 📞
Call/whatsapp : 👉 +91 7014607737
Telegram :👉 @vipinshar
Email : 👉 [emailprotected]
