How to Produce Your Own NFTs

How to Produce Your Own NFTs

Brief Summary

The Binance NFT Marketplace is a great place to start if you want to create your own NFTs. You can also create your NFTs directly on the Binance Smart Chain (BSC) using DeFi platforms such as Binance NFT Marketplace, BakerySwap or TreasureLand. BSC not only offers low fees and fast transaction times, it also has a growing NFT community.

While there are many platforms to choose from, generally all you have to do is enter the NFT information, upload your digital artwork or file, and pay for the extraction. When you want to sell your NFT, you can quickly put it up for sale in several NFT markets.

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It’s almost impossible not to be aware of the recent NFT (unique token) craze. Otherwise, you may be exposed to icy jokes such as “was the cave cold”. Celebrities, digital artists, and creators compete with each other to put their artworks on the blockchain.

There are countless possibilities when it comes to issuing NFTs, from pictures to songs and even collectible NBA trading cards. NFTs offer a fantastic opportunity to prove the originality and ownership of creative works.

If you’re truly talented (or lucky), you can also make a lot of money. Think of it like a digital collection record or a single produced image. Prices may also skyrocket if there is significant demand for your NFTs. You may have heard of visual artist Beeple, who sold an NFT titled “Everydays: the First 5000 Days” for over $69 million.

Other artists like Beeple also sell their NFTs on blockchain-based markets. Big sales are already making a name for itself.

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Before removing your NFTs
Before you start issuing your own NFTs, you will need three things:

  • Your song, artwork or collectible
  • Some crypto to pay the extraction fee
  • A cryptocurrency wallet to store your crypto

You will also need to choose the blockchain on which you will create your unique token. We will talk about this in more detail later on.

What is NFT?
You are sure you want to extract an NFT, but do you know exactly what an NFT is? To put it simply, we can say that it is a unique, collectible and non-reproducible type of cryptocurrency.

To make a simple analogy, the NFT can be thought of as a shiny Pokémon card. Anyone can print one and even make it look exactly the same. However, it is not the same in the eyes of a collector.

Shiny Pokémon cards are valuable to us because they are unique and original. The same is true for NFT. Of course you can download NFT’s picture or collectible. However, the fact that you can download it does not mean that it is original and that you truly own it.

Even the NFTs in a limited-edition series are not the same. You can have the serial number 1 out of 100 works in the series. This piece of art in your hand may be more valuable than the others.

To learn more about the origin of the NFT craze, researching CryptoKitties and CryptoPunks may lead you to the right conclusion. These projects are among the first and very popular digital collection projects on the Ethereum network.

What can be NFT?

The real question to be answered is what exactly the NFT can represent. Should it be digital-only items, or could it be real-world artwork as well? Although not very common, physical collectibles can also be represented by NFTs. In these cases, the private key of the wallet containing the NFT is usually included in the work or given with the artifact.

Christie’s has auctioned off physical blockchain-inspired NFT artwork Block 21 (42.36433°N, -71.26189°E) (from Portraits of a Mind) in an OpenDime hardware wallet.

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However, it is much more common for digital artworks, songs, GIFs, and videos to have their own NFT. Even in-game collectibles can be represented by NFTs and financial staking products. Crypto art and NFTs are not limited to just one format. So there are no limits when it comes to creativity for your new NFT.

Do I need a specific wallet to use NFTs?

It totally depends on the network you choose to generate your token. Fortunately, many wallets nowadays support both Ethereum and Binance Smart Chain. So, it doesn’t matter much anymore. These are the two most commonly used blockchains for NFTs.

The most important thing here is that you control the blockchain network from which your token was issued. If this is an Ethereum token, you will need a wallet that supports Ethereum. If it was issued on Tezos, you will need a wallet that offers Tezos support.

If you think simplicity is good, we recommend using MetaMask or Trust Wallet. These two crypto wallets support a wide variety of blockchains. However, it is always a good idea to carefully check if your wallet supports the blockchain where your token is located.

Which blockchain should I use?
There are quite a few blockchains to choose from when it comes to issuing NFTs. The Ethereum network was the first major blockchain to offer the unique tokens we know today. The list of blockchains compatible with NFT can now include Binance Smart Chain, Polkadot, Tron, Tezos and many more.

Most NFTs now reside on either Ethereum or BSC. However, NFT extraction and processing has become quite expensive due to gas fees on the Ethereum network. Binance Smart Chain stands out as a much cheaper alternative and with a much higher transaction speed. With a large number of NFT markets and projects, BSC offers a great advantage for your potential customers.

What platforms can I use to create NFTs?
Choosing the platform for issuing your NFTs depends on your personal preference and the blockchain you want to use. Many of the BSC protocols will issue your NFT as the BEP-721 token. So, no matter which BSC protocol you choose, from a technical standpoint the result will be the same.

If you want to easily trade your token afterwards, it is probably best to choose a platform with a market you are familiar with. This way you don’t have to transfer your NFT to a different location after extraction.

We recommend using BakerySwap and Treasureland for ease of use. Both of these BSC projects offer simple interfaces and low fees to mine your NFT. As the owner of the largest NFT market, BakerySwap is a very good choice for anyone who wants to sell their NFT after it is released. Treasureland, on the other hand, lets you extract your NFTs for free. If you are considering using Ethereum, you can check out the two most popular platforms, OpenSea or Rarible.

Can I transfer my NFT from BSC market to another market?

You can easily transfer your NFTs between markets as long as the new platform supports your token type. The majority of BSC markets and exchanges support both BEP-721 and BEP-1155 tokens. These are the most common types of NFTs you can find on BSC.

However, you cannot directly transfer your NFTs to a market on another blockchain. For example, OpenSea does not offer native support for Binance Smart Chain NFTs. While it is possible to wrap your tokens, we recommend that you keep your NFTs securely on the original blockchain from which they were issued.

To transfer your NFT to another exchange, send the artifact to your wallet. After successfully saving it to your wallet, simply send it to the correct deposit address of the new platform. Always carefully check if your NFT token standard is supported by your wallet and the platforms you are transferring to.

How to mine NFT on Binance NFT Marketplace?

1. Go to the Binance NFT Marketplace home page and click the [Create] button. You will need to link your crypto wallet to perform this action.

2. Next, you will need to upload your digital files (images, audio, videos, etc.).

3. Be sure to include a description (metadata) for your NFT. You can choose between creating a single NFT or a Collection (a series of NFTs).

How to remove NFT on BakerySwap?
You can get NFT in BakerySwap in just 5 minutes. You just need to hold some BNB as the issuance fee (0.01 BNB as of the time of writing this article) and have a crypto wallet to hold the BNBs.

Please note that issuance fees may vary depending on the price of BNB. If you don’t have a wallet yet, we recommend Trust Wallet for mobile and MetaMask for desktop.

With BakerySwap you can extract:

  • pictures
  • GIFs
  • Videos
  • audio works

The following steps outline how you can NFT on BakerySwap.

1. First go to BakerySwap NFT Marketplace and link your wallet from the top right corner of the screen.

2. After linking your wallet, click [Mint Artworks] to start extracting your NFT.

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3. Fill in all required fields about your work information.

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4. Click the [+] icon below the information for your NFT to upload your file. You can see the current removal fee at the bottom of the plagiarism disclaimer.

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5. Once you are comfortable with the information you have filled in and you have successfully uploaded your file, be sure to accept the plagiarism disclaimer before clicking [Mint].

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7. After making the payment, you can view your NFT on the blockchain with BscScan. You can now transfer your NFT as you wish or use it to trade.

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How to extract NFT on Treasureland?

Treasureland is the NFT marketplace of Dego Finance from BSC projects, a decentralized Finance (DeFi) protocol and NFT ecosystem. It’s free for content creators to issue NFTs on Treasureland. The person who buys the NFT pays the fee.

Currently, Treasureland only allows users to extract images and GIFs. However, you can choose between a single NFT or a collection and specify the creator’s naming rights.

1. To get started, go to Create Treasureland and connect your crypto wallet.

2. Then you will reach the NFT creation page where you can enter all of your NFT information and upload your image or GIF.

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4. You can now view your NFT or put it up for sale. If you want to transfer your NFT, you will have to pay the issuance fee.

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How can I send my NFT to another person?

After purchasing your NFT or creating your own NFT, you can send the NFT directly from your wallet to another person. If you have an NFT partition in your wallet, you can select any of your NFTs and click on the send option (Trust Wallet and MetaMask offer this feature).

Please note that the recipient of your NFT must provide a correct deposit address for the type of token you hold. If you have an ERC-721 type NFT on the Ethereum network, the recipient must send you the Ethereum ERC-721 deposit address from their wallet.

Can I share my NFT ownership and sales proceeds with others?

NFTs are not very cooperative at the moment. In the most common types of NFTs (ERC721, ERC1155, BEP721, BEP1155), ownership can only be owned by one person.

However, some projects have plans to allow the proceeds from the initial sale to be split evenly across multiple wallets. This feature is not included in the token’s code and depends on the exchange or market you are using. We recommend that you check if the exchange you are using offers the ability to share the sales revenue of your NFT.

If you want to have full control of your NFTs and keep your NFTs in a non-escrow wallet.

Last word
The unique token ecosystem is growing at a dizzying pace and is getting easier and easier to use. For those who want to issue their own NFT, the process is pretty simple. It doesn’t matter if you want to create, buy or sell NFTs. You can definitely find a suitable project for you. We wish you easy removals!

Source: https://academy.binance.com

 

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