To create an NFT on OpenSea, you have to follow some initial and essential steps:
1. Choose a suitable marketplace: Choose wisely marketplace that is suitable for your digital asset: some of the factors that are considered while opting for it are as follows:
a. Token Standards: NFT exists in various token forms, ERC-721 and ERC-1155. This ERC-721 is one of the rare and unique tokens that offer consumers property ownership of digital assets. ERC-1155 is mainly used for gaming collectibles.
b. User verification: It’s essential as the creator can turn any digital asset into NF, so proper verification is required. To be safe from fraud risks, verification is essential. Unique code generated while verification must be kept safely with you.
c. Other incentives: You should research about market before choosing it. It can include discounts and some other incentives. The fee of minting and royalty percentage also make us choose which marketplace is the best.
2. Set up your wallet: After looking up all those things, you need to set up your wallet so you can store crypto and NFT assets. OpenSea gives opportunities to select from the dozens of wallets.
3. Connect your wallet to OpenSea: Now connect your wallet to OpenSea by clicking some prompts.
4. Minting: Now create the digital file with all the required information, upload it, and know your minting process is completed; now, you have to pay some transaction gas fees for minting the NFT. Your NFT is created now; you can add the price of your NFT, and you can sell it in the market.
How To Create An NFT On OpenSea?