Minting Your First NFT: A Beginner’s Guide to Creating an NFT

It took 12 hours and three different Apple devices, but this 30-something poet successfully minted her first NFT – and so can you. Here's a step-by-step guide to creating an NFT.

Megan DeMatteo is a service journalist currently based in New York City. In 2020, she helped launch CNBC Select, and she now writes for publications like CoinDesk, NextAdvisor, MoneyMade, and others. She is a contributing writer for CoinDesk’s Crypto for Advisors newsletter.

I’m no Emily Dickinson, but the latest developments in internet culture – excuse me, Web 3 culture – has me thinking I can shill my grad school poems for 1 ETH ($3,000) a pop.

And on January 20, 2022, I did. After all, imposter syndrome doesn’t have a place in a burgeoning industry where even founders admit to being in the midst of a learning curve. If I were a creator during Gutenberg’s era, I like to think I wouldn’t have passed up the chance to play around with the printing press. Why should NFTs be different?

When I first heard about non-fungible tokens (NFTs) in April 2021, I was immediately thrilled by the high-level concept of them: Artists, seemingly overnight, now had a way to own their own work and determine their own royalties. I needed to hear more.

Being a journalist, I was fortunate that my first conversation about NFTs was with Whale Shark, a prominent collector and founder of the WHALE token who once spent 22 ETH on a one-of-a-kind pair of sneakers.

Ahead, I share what I’ve learned since that first NFT conversation and my chats with dozens of creators and founders in the blockchain world. As they say in crypto, time moves so fast. One month is basically a year, and it took me about seven months – essentially one whole dog year – to finally work up the nerve to put one of my poems on a blockchain. I’d like to make it easier for you.

Here’s a step-by-step guide on how to mint your first NFT using OpenSea, a popular NFT platform among first-time creators. (Great alternative platforms also exist, which we’ll touch on below.)

Step 1: Decide on the concept

Outside of my financial journalistic work, I have a growing affinity for all things astrology-based. Looking at my recent astrology chart with astrologer Noah Frere, I noticed that Juno was very active. In light of this, I decided to base my first NFT collection on the tumultuous relationship between Juno and Jupiter – two gods from Roman mythology. And after a great conversation with my business coach, Lisa Fabrega, I knew I wanted to explore the tension between love and duty through the lens of devotion.

I therefore decided to name my poetry alter ego – every creator needs one, right? – “Juno Muse.”

With my concept nailed down, I had my marching orders: Resurrect my old poems and write several new ones. Then, learn how to mint them on a blockchain.

Step two: Decide on the platform

The tech skills required to mint NFTs on OpenSea are comparable to the ones I used to sign up for Myspace in 2006.

“There's a big misconception that you have to be technical in order to participate in crypto,” said Denise Schaefer, co-founder of the blockchain education platform Surge. “But I look at NFTs as a fun entryway into the space that doesn't require coding skills when minting in marketplaces like OpenSea or Rarible.”

Here are some beginner-friendly NFT platforms where first-time creators can mint:

OpenSea is popular and easy to use for all types of NFTs. While the Ethereum blockchain is notorious for charging high service fees, or “gas”, OpenSea now has a lazy mint option. The creator can upload their artwork, “mint” it to their profile and list it for sale without paying gas fees. When the collector buys it, they will pay the gas fees.

What you’ll need to get started:

An ETH wallet (e.g. MetaMask, Coinbase or dozens of others)

Creator fees:

2.5% of your sale

Learn more:

  • Blockchains used: Ethereum, Flow and Tezos

Creators can use Rarible to mint NFT creations, whether they are books, music albums, digital art or movies. There are some fun features, such as the ability to show a “sneak peek” of your creation to everybody who comes to Rarible but limit the full project to purchasers only.

Rarible considers itself a community-owned NFT marketplace. Using Rarible’s unique token (ERC-20 RARI) makes you an owner of the Rarible project. This is a cool feature, but it was a little over my head for my first mint. I hope to learn more about this.

What you’ll need to get started:

A wallet compatible with your choice of blockchain.

Creator fees:

Vary depending on the blockchain you use, but the option for free minting exists.

Learn more:

Read the Rarible FAQs

Holaplex

While Solana has mixed reviews from Ethereum loyalists, artists and creators report that the Solana blockchain is super fast, has high performance and is cost-effective with negligible fees. Solana’s speed and efficiency also cuts down on energy usage, therefore giving it a reputation as a new, less environmentally damaging, alternative to Ethereum.

What you’ll need to get started:

Creator fees:

Reportedly 0.000005 SOL ($0.00025) per transaction. Fees can fluctuate, but they are almost zero.

Learn more:

Objkt

Originally created as a secondary marketplace, objkt now allows artists and creators to mint directly on its platform. It’s also popular among literary NFT creators and used by theVerseVerse co-founders Sasha Stiles and Ana Maria Caballero.

What you’ll need to get started:

Choose from these compatible wallets:

  • Spire
  • Temple Wallet
  • Galleon
  • Kukai Wallet
  • Umami
  • AirGap Wallet

Creator fees:

2.5% for all successful sales

Learn more:

Visit the objkt website and/or discord server.

Step three: Connect and build community

Get ready to tweet and DM. If you want to start making NFTs, you’ll need to dust off your Twitter account. You’ll also need to join Discord, a Slack-like chat platform for gamers and crypto lovers. Expect to get most of your information and build authentic relationships through these types of communication channels.

When you’re ready to sell your NFTs, expect your community to be your number-one marketing resource. It sounds a little cliche, but you don’t need to spend a lot of money on sophisticated marketing tactics to create a successful project.

“Regardless of how low or high the market is, the community is so enthusiastic and constantly tagging our project in different things constantly talking about it,” said Maliha Abidi, whose Women Rise NFT collection launched in November 2021 and sold out in 50 days, generating 2,000 ETH of trading volume in the process.

“We have not put in even $1 in marketing so far, but we were literally just featured in Vanity Fair yesterday and today in Rolling Stone,” Abidi told CoinDesk on Jan. 19.

Even 1-of-1 creators – artists who mint unique, single pieces of art, compared to algorithmically generated avatars that people use as Twitter profile pictures – seemingly trust that making friendships can go a long way.

“We interact with each other every day. You're going to see your collectors in a Twitter space or if there’s good alpha information, we share it with each other,” said Thao Nguyen, an artist who pivoted from making Etsy creations to NFT artwork on OpenSea in 2021. “It's a very giving relationship, and I absolutely love it.”

Step four: Create your art

To start turning my poems into art, I asked my mom to mail me an old iPad she wasn’t using and signed up for an online illustration class at the Baltimore Academy of Illustration. I bought an Apple Pencil, downloaded Photoshop for iPads, and plugged in my Yeti microphone (which I already had) to practice recording audio clips in iMovie and GarageBand. I dug out my old poems from grad school, walked around Manhattan thinking of ideas and bought a notebook to start scribbling.

Every creator has their own process, but no matter what, you need to think about how your art will translate digitally. Follow these guidelines to make your first NFT:

  1. Use materials and tools you already have.
  2. Invest in new technology or knowledge as needed.
  3. Find other creators and learn from each other.
  4. Consider the audience you think will like your work and keep them in mind as you create.
  5. Choose whether you want your NFTs to have visual, audio or written components – or all three.
  6. Pick a file type. OpenSea accepts JPG, PNG, GIF, SVG, MP4, WEBM, MP3, WAV, OGG, GLB and GLTF.
  7. Think about the file size. OpenSea’s limit is 100 MB.
  8. Factor in accessibility – I chose to have subtitles along with my spoken-word poems so that they could be enjoyed by as many people as possible, including people with visual and/or hearing impairments.

After some experimenting, I ended up scrapping the graphics I created in Photoshop and instead used Canva to make a simple title image and subtitles for my poem. I then recorded myself reading the poem along with the slides.

I’m not the most talented visual artist. But I gave myself permission to play around – and I don’t intend to stop experimenting. The advice I’ve gotten is this: Don’t pigeonhole yourself too soon or limit your notions of what’s possible. Unless you have a clear aesthetic like Abidi, an experienced painter, consider NFTs your opportunity to try new things. NFTs are a new art form, so let your message translate to the new medium.

Step five: Mint and share

In OpenSea, the minting process is so easy I kept waiting for a clown to jump out and tell me I’d been tricked.

It’s as simple as uploading your files, inputting your collection’s description and making your profile, determining your royalties (for later, when your art is sold in a secondary marketplace) and completing your listing.

Note the accepted file types:

CoinDesk - Unknown

OpenSea Screenshot

I chose to mint my first NFT on Polygon, which had no fees.

Once you mint your NFT, you will see it on your profile. Blockchain data is public and accessible by anyone. Your NFT's buying and selling history will be available forever, helping you and prospective investors track its price.

“Etherscan is where you can see all the transactions that have happened in the Ethereum blockchain,” Schaefer told CoinDesk. “It is specific to all transactions that are occurring in the Ethereum network, and in and out of the network. Everybody having access to these public records is what allows for blockchains to operate without a central authority and without a bank.”

CoinDesk - Unknown

OpenSea item activity

But you might not want the whole world to know how much money you have and how much money you're transacting, said Schaefer. This is where pseudonyms and having multiple wallets – totally legal in the blockchain world – come in.

The final step: Selling your NFT

After minting, it’s time to list your NFT for sale. I opted to keep things simple and list mine for 1 ETH, or $2,922.42 at the time of minting.

My 1 ETH price will remain on my Juno Muse OpenSea profile until Feb. 20, or whenever someone takes my NFT off the market.

In the meantime, I plan to keep experimenting with how I price my NFTs. I plan on releasing my old grad school poems, and, to make Juno proud, I plan to keep writing poems on Thursdays, which is ruled by Juno’s love, Jupiter. Maybe, just maybe, this new routine will help me fall in love with NFTs and – most important – my own art again.

This article was originally published on Apr 14, 2022 at 8:12 p.m. UTC

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Megan DeMatteo is a service journalist currently based in New York City. In 2020, she helped launch CNBC Select, and she now writes for publications like CoinDesk, NextAdvisor, MoneyMade, and others. She is a contributing writer for CoinDesk’s Crypto for Advisors newsletter.

CoinDesk - Unknown

Megan DeMatteo is a service journalist currently based in New York City. In 2020, she helped launch CNBC Select, and she now writes for publications like CoinDesk, NextAdvisor, MoneyMade, and others. She is a contributing writer for CoinDesk’s Crypto for Advisors newsletter.


Crypto Terms
backgroundCrypto Flashcards & Glossary
View All