Are you a creative entrepreneur struggling to find ways to monetize your creativity? It’s time for you to dive into the NFT world. NFT is a digital asset existing on a blockchain representing proof of ownership of an intangible digital item, such as an image, video, or in-game item. Possessing NFTs enables individuals to claim exclusive ownership over these virtual assets. By offering proof of scarcity and provenance, creators can monetize their digital goods. Some of the values introduced by NFTs:
- Rare: this means that the digital assets are unique
- Interoperability: because of the decentralized nature of blockchain technology, users can migrate NFTs across multiple ecosystems, wallets, and others.
- Immutability: after encoding an NFT using blockchain technology, nobody can change its ownership/history or metadata.
Creating an NFT
Creating an NFT can be a simple procedure that does not require complex knowledge. You can use one NFT artwork to create a series of collectibles. Before you begin, you will need to determine the blockchain you want to issue the NFTs. Currently, Ethereum is popular for this purpose. Users can also consider a wide range of other blockchains, such as Binance Smart Chain, Flow by Dapper Labs, Tron, and others.
Users can create an NFT for sale by following the below procedure:
- Common way: Register on the marketplace
- Link account to a wallet for holding the NFT, as well as any cryptocurrency made from the sale.
- Upload the file containing the digital asset (image or video) to a decentralized storage service called InterPlanetary File System (IPFS).
- Minting: You then have to mint a token mapped to that file to generate a unique cryptographic signature that would live on the blockchain. This is the only way to guarantee that the file you uploaded is the real one. List your new NFT for sale at the marketplace.
How RareMall Made NFT Exchange Experience Faster and Better
RareMall empowers creative individuals, as it allows the content creators to bypass gatekeepers in the NFT marketplace to sell their virtual artworks straightaway to the public. They believe NFT marketplaces should enable artists to monetize themselves beyond the traditional art market framework. The emerging NFT marketplace also allows creators the opportunity of building a stronger bond with their fans and collectors with the innovative features below:
- Interactive Social Media integration: The platform values creativity and offers creators a hassle-free platform to showcase the NFTs they created and collected. The design of user profiles resembles those of social media. This feature helps users update information quickly, share personal preferences, and enjoy meaningful interactions with other users.
- Auction live chat: The platform has set up a live auction chat with moderators and algorithms to keep it secure and user-friendly. Sellers can create a public chat group for bidders to participate and make ongoing bids. This technique hastens the exchange, speeds up buying and selling, and helps to add FOMO to the sales.
- Flexible mechanisms to price assets: The platform has created an NFT pricing standard to assist sellers and buyers in approximating the value of virtual assets equitably.
With RareMall, all art creators, collectors, or crypto enthusiasts can create their own NFTs, post and sell them for the best price. In RareMall’s world, creative individuals are encouraged to freely share their passion, interact and develop the community by spreading the power of NFTs to all industries and business areas. Start embracing the value of art, honor the uniqueness with RareMall here: https://raremall.com/