How to Create an NFT
How to Create an NFT
Creating an NFT collection is an entirely different process from buying or selling NFTs, so let’s walk through some things that will be helpful to know. The details will vary from marketplace to marketplace, so be sure to check the instructions on the marketplace that interests you for more. The process below generally describes what is needed to make an NFT on many NFT marketplaces.
DraftKings Marketplace does not yet allow the minting of NFTs created by providers other than our curated partners, but there is a wealth of top NFT collectibles available in upcoming drops and on the secondary NFT market.
Choosing a Concept for an NFT
Designing your NFT is the most important part of the operation, and likely the most painstaking as well. The beauty of it all is that there are no design limitations for your NFT, but that can also create a snag in the design process. With no real guidelines to follow, how do you even get started?
You’ll likely have an idea in mind already, but examples of NFTs include pictures, GIFs, videos, music, and other collectibles. You can literally turn anything into an NFT. That being said, it’s important to make it unique and your own. That’s because a recycled concept could have limited appeal.
Once you pick a design concept, you need to think about a roadmap for your NFT. While your NFT might look cool, without utility, it’s not likely to generate interest. Utility could include giving holders priority access to future drops, creating a video game in which the NFTs are used, and so much more. This cannot be stressed enough — every aspect of your project needs to be unique and your own.
Creating an NFT from Concept
Once your collection is ready for launch, there are a variety of smaller steps you need to take.
- Select the marketplace where you will sell your NFT - There are many marketplaces in the NFT community, and each offers different experiences for users. Do your research before deciding which one to choose.
- Set up a virtual wallet - This is where your crypto currency will be stored. Your virtual wallet will allow you to engage in transactions.
- Upload your NFT to the marketplace - After you have set up your wallet and chosen your marketplace, you need to create an account and upload the NFT collection files to the marketplace. This usually comes with a cost that varies, depending on the marketplace
- Create a website for your collection - You may want to consider creating your own website that is linked to the marketplace, where buyers will be able to mint the NFTs and add them to their collection. Each prominent marketplace should provide a guide on how to do so, including establishing the price for your upcoming drop.
Announcing your NFT
With your project set up, the only thing left is to announce the actual drop. First, you need to build a community and create interest around your collection. Create a Twitter account and Discord server and post regular updates to engage with your followers and build anticipation for your NFTs. In case you are new to the NFT community, check out a prominent collection for an example of how to set up these platforms.
After the collection has dropped, your job is to remain engaged with the community and maintain interest in your NFTs. This includes previewing future plans, potentially partnering with other creators and more.
Creating NFTs is Not for Everyone
Creating an NFT is no easy task and requires creativity, organization, and resources, but if you are committed to the process, the results can be extremely satisfying.
Creating an NFT is not the only way to get skin in the NFT game. Check out NFTs for sale on our secondary market and skip the entire process.