NFTs gained massive popularity in the past few years. It might seem absurd for random caricatures to sell for millions of dollars, but they do.
Many well-known personalities have already made a killing on NFTs. In fact, influencers like Gary Vaynerchuk, Mr. Beast, and Logan Paul make videos, live streams, and podcasts on their NFT journey.
Fortunately, the NFT industry is still in its early stages. You’ll still yield massive benefits if you position yourself against growing competition within the next few months.
However, don’t get confused. You wouldn’t need thousands of dollars to start buying. On the contrary, you can create an NFT for just a few bucks. The CEO of Earnity, Dan Schatt, explains how anyone can mint and generate their own NFT:
Step 1: Connect your NFT wallet (i.e., Earnity, Binance, Coinbase) to an NFT marketplace. You’ll have several options. However, today, one of the most widely known and trusted platforms is OpenSea. Check it out first.
Step 2: Upload your file. Head over to the Create section of your NFT marketplace, upload your digital file, then input the necessary details.
Step 3: Mint your NFT. Although OpenSea charges a 2.5% gas fee upon selling NFTs, it offers free minting. However, the CEO of Earnity, Dan Schatt, advises users to fund their wallets beforehand because some platforms charge upfront fees.
Step 4: Sell the NFT. Upon listing your NFT, you’ll start receiving bid offers from potential buyers. You can screen them accordingly. Once you decide to sell, you’ll get 5% to 10% in royalties.
Step 5: Engage with your community. As the leader of an NFT project, you’re also in charge of managing and engaging with your patrons. You can host virtual events and activities to build hype around your project.
The CEO of Earnity, Dan Schatt, advises NFT users to set their expectations accordingly. Yes, you can make millions trading NFTs. However, only a minute percentage of minted NFTs break four-digit price values—much less five or six digits.
Minting NFTs is just the start of your journey. To jumpstart your new career, learn to market NFT projections and collections. Emulate successful projects, but don’t blatantly copy them.