To be able to mint or make an NFT you have to pay some fees to these platforms with your payment wallets. The payment is usually made in cryptocurrency, the cryptocurrency used for NFTs is Ethereum.
If you have Ethereum, transfer it to your digital wallet, if you don't have it, buy. The money you earn will also be in a cryptocurrency which is convertible to cash.
1. Connect your wallet. The first step you need to take is to go and open a crypto wallet and connect it to your OpenSea account, the NFT marketplace you want to sell your photos on. To do this, login into your account and click on the “Create” button in the top corner to get yourself started. It should be noted that other marketplaces have similar prompts on their site that are similar to OpenSea’s own. As soon as your wallet is connected, give a brief introduction about yourself so people can know you.
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2. Creating your first piece. Still on your OpenSea account, click on “Create” you will be asked to upload your file. Different files like Jpegs, and MP4 are allowed. There would be boxes where you will be asked to describe your file. You will also need to choose which network you want to mint your NFT on. Popular ones are Ethereum and an Ethereum-based protocol called Polygon (MATIC). Once you click complete after following all the procedures, your first NFT is minted. Is it that easy!
3. Fund your wallet. Remember the wallet you connected in step 1? Make sure you have some money in it. In this case, some ethereum. This is important as making any sale on the blockchain requires that you pay some fees known as gas fees. Before even selling anything at all, deposit some money in your wallet. Do not worry about how much the fees would cost, OpenSea system will do the calculation for you.
4. Selling your NFT. After you have successfully minted your NFT, go to the marketplace and click on “Sell” on the page your piece is on. From there, pick the type of sale you want between a time auction or selling at a fixed price. After this, the marketplace will also tell you the fees you would be paying for the sale. OpenSea charges around 2.5% of the selling price.
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5. The power of networking. You need to keep in mind though that minting and putting your NFT up for sale is not going to give your money automatically. You need to network within the NFT community and share your collection with other people. The more popular your works are, the higher possibility of getting someone to see who might interested in it. The downside is you may spend much minting an NFT and not get someone to buy it at all! That's waste of time right, but don't worry. Photographer makes money from NFT. You may remember the story of a young Nigerian man name, Adisa Olashile, who became popular on the internet as the brilliant photographer who converts photos to NFT did it again. Days after he sold photos of an old drummer for over N1 million, Adisa went back to him and fulfilled his promise of giving the man 50% of what he made from the NFTs. In the emotional clip, the man was amazed when he gave him bunches of naira notes. He even took the man to a phone shop to get him a smartphone. Is it that a nice gesture? What about you doing the same thing to make some cool cash!
The process of selling NFTs is not as difficult as people make it. Create some art and you'd be shocked at how many people will be interested in it.
Leave a comment below and share your experience with. Cheerrrs..........
