How to Get Started with NFTs

Consider the craze for non-fungible tokens as the digital gold rush. In the first few months of 2021 alone, the industry generated overall sales of $389 million and counting. That’s 55 percent better than the $250 million in the entire 2020. Why the sudden boom? For starters, the pandemic caused a seismic digital shift that made individuals spend more time on their devices. Additionally, more creators are finding value for their artworks through this marketplace.

If you are looking to join the NFT world, let this article be your guide. But before jumping into the details, let it be known that non-fungible tokens can represent any item from artworks, virtual gaming items, music, and even virtual land. So, the possibilities are endless. And yes, you can become a virtual real estate tycoon through NFTs. That said, here’s the entire NFT process from creation to promotion.

Step one: Creating, funding, and connecting your wallet

Before you can even think of making money, you must first have your digital artwork ready, be it a static image or a GIF. You can determine whether you are offering this as a one-off item or as part of a series. While there are other blockchains like Tron, Flow, and EOS where you can house your NFTs, it’s best to still use Ethereum because it is the most widely-used blockchain for NFT.