How to Create, Buy, and Sell NFTs: Easy Guide

How to Create, Buy, and Sell NFTs

Non-fungible tokens (NFT) have become one of the biggest crypto crazes of 2020 and 2021. NFT sales totaled $95 million in 2020, and in just the first half of 2021 sales reached nearly $2.5 billion.  Here is how to create, buy, and sell NFTs.

NFTs 101

NFTs are collectible crypto assets, intended to represent a unique digital item that can be bought, sold, or traded. The term “fungible” refers to something that can be interchanged for something else just like it. A dollar bill, for example, is fungible because all dollar bills are more or less the same.

How to Buy NFT Tokens

In some ways, trading NFT tokens is similar to trading other kinds of crypto. Some NFTs are only available on certain platforms. Someone who wants to buy an NBA Top Shot pack of virtual trading cards, for example, must open an account with NBA Top Shot and create a Dapper wallet.

How to Create NFT Art

Creating a piece of NFT artwork is fairly straightforward and does not require in-depth knowledge of the crypto industry. Before beginning, a creator will have to figure out which blockchain on which they want to issue their NFTs. Ethereum is the most popular blockchain service for this purpose at this time.

How to Create NFT Art: Using a Marketplace

After creating a wallet and funding it with ETH, it’s time to choose a platform. A variety of NFT-focused platforms allow users to connect their wallets and upload the images or files that they’d like to turn into NFTs.

How to Sell NFTs

Once you’ve purchased an NFT, you’ll need to decide whether you want to HODL it or sell it. To sell an NFT, you must list the token on a marketplace. To do this, click on the NFT in your collection that you’d like to sell and locate the “sell” button.

The Takeaway

Overall, it’s not that hard to learn how to buy NFT tokens or to create and sell them. Developers have created graphic user interfaces that make the process as painless as possible. Of course, having previous experience with using cryptocurrency wallets will be a big help.

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