Hi, this is Anne with Graphic Design How To, and today I'm going to show you how to sell
NFTs, or non fungible tokens, on Opensea.
Now, you may have heard about NFTs.
I actually did a video about that, and you should be able to see it on your screen above.
If you're a graphic designer or artist, you might have heard about NFTs are 'nifties,'
and how Beeple, who is a well known digital artist, sold one of his JPEGs for $69 million
a couple of weeks ago.
And he is not the only artist making a killing on NFTs.
I'm going to go over a few 'need to know' items about NFTs, and then we'll jump into
how to create one on Opensea.
If you want to just skip to that part, I'll add a comment in the Comments section below,
and then you can just bypass all this stuff.
Okay, so first, I want to say that making an NFT is not free... or even cheap right
now.
When you make an NFT, you have to pay something that is called Etherium Gas.
Etherium Gas is basically a fee to create a smart contract, and then you pay more Etherium
Gas to actually create these NFTs.
The price of gas fluctuates based on how much miners charge to write new data to the blockchain.
Now I know this sounds completely confusing and crazy, but just know you have to pay some
fees.
Anyway, a few months ago, the price to mint a new NFT was pretty low - about $6 to $10.
But now it is much higher, because the gas price fee has fluctuated so much.
But it changes every day.
It can even change in the middle of the night.
So keep an eye on it, maybe you can get a good price for your NFT.
And Opensea actually has a new way of charging for an 'account initialization.'
And then after that, uploading NFTs is free.
Another thing to be aware of, you need an Etherium wallet to create an NFT, at least
for Opensea.
Etherium is a cryptocurrency just like Bitcoin and both of them use blockchain technology
to run.
NFTs also use blockchain technology.
So you don't really have the option of using a different currency at the moment.
Finally, I've also heard that you need your artwork approved on Opensea.
So there's an approval process and a chance that you could be denied, even after paying
all these gas fees.
Now, NFTs can be made from pretty much any digital asset...so JPEGs animated gifs, even,
like, music albums, mp4 videos, that
kind of thing.
All right, so let's get started making our first NFT.
So for this NFT, I'm going to be using this photo, which is a picture of a couple of rocks
that my husband and I painted.
And obviously, this isn't something that I really want to put on there, because you know,
it's not great.
I don't think it would sell.
You want to make sure that your NFTs are really beautiful and sellable.
And this is just a tutorial, so I'm just putting whatever up there.
Okay, I'm going to go on to Opensea.io, and I've already set up an account here, so you'll
need to do that first.
So I'll come up here to Create.
And now I get this message that says you need an Etherium wallet to use Opensea, and you'll
need to do it with MetaMask probably, but you can also use a different wallet.
I'm going to use MetaMask in this tutorial.
So at this point, there are two things you'll need to do.
If you don't already have an Etherium wallet, you can do that with Binance, Coinbase, or
another wallet company.
And then once that's all set up, then you have to buy Etherium inside Coinbase or wherever.
Then you'll use MetaMask to link to it.
And by the way, MetaMask charges a service fee of .875 percent for each quote.
If you don't have a MetaMask account, you'll need to set that up.
And then you'll need to link your Coinbase or whatever to it.
You'll also need to get the Chrome extension, which I already have.
I'll just turn it on.
Now I'd like to say that doing all of that is an easy process, but it was kind of a pain
in the butt to get a Coinbase account, put Etherium in it, and then link my MetaMask.
But anyway, I have the extension right up here.
I'm going to click it and then I have to put my password in.
Now you can get pretty far into this tutorial without having any Etherium in your Metamask
account, but at a certain point, you won't be able to see how much that you'll be charged
for the account initialization.
So you have to have something in here to see that.
Now if you're using Coinbase - that's what I use - to link your account, you want to
choose Ethereum Main Net right up here.
Then you'll need to unlock your account by entering your password.
And then you can go ahead and click Buy.
So if I click Buy here, we can come down here and do Directly Deposit Ether.
Once you do that, you'll have a code that Metamask gives you, then you go back to Coinbase,
and then do Send and Receive and paste that code in as the address.
And that's going to be different for every crypto account you have.
For me, it was not easy to figure that out.
So I wanted to share that with you if you're using Coinbase.
Okay, so we've linked our account.
So now I'm going to refresh the page.
Now we'll go to Create.
And this will bring you to your Collections page.
Yours probably won't already have a collection in it.
So now we'll create our first collection.
So I'll come down here to Create.
And we'll submit a logo, I'm just going to use that same image.
We'll call it Rocks.
And then we can put a description and down here, and then we'll create.
It's probably a good idea to put good keywords in your collection name and your description.
We've created our Rocks collection, and now we can add items.
You can also upload an image here for your Rocks collection, then we'll click Add New
Item.
Now this part won't work unless you have a little Etherium in your account.
So I put $10 in and it worked for me.
Now you'll have to sign within MetaMask.
So you can just click that.
And now we can create our item.
I'm going to choose the same jpg, and now we can create our name for the description.
I want to include a lot of different keywords that pertain to your image.
I'm just going to type 'Rocks Everywhere,' then you can add properties, and this is kind
of like categories.
I'm not going to fill that out.
But you can also do levels.
These are numerical traits that shows a progress bar.
You can also add stats, I'm not completely sure what these are for.
I think your levels might be something like, you know, this is #3 of the 5-rock series
or something like that.
Ok, and then we can go to Create.
We'll have to sign again, so I'm going to choose that.
And then we'll click Sell.
Here's where we can set our price.
I want to put in .055 Etherium, which right now is almost $100.
You can also include an ending price if you want.
You can schedule it for a future time or make it private, so only one person can buy it.
There are also some instructions down at the bottom that talk about making your two transactions.
So this is where you have to pay gas.
So now we can post our listing.
Now to do that, it's asking us to initialize your account.
This is what I was talking about where you have to do two transactions.
And then after that, listing NFTs is free.
So this price is going to change depending on the time of day, what day it is, it's all
very subjective.
And it depends on how much traffic the Ethereum blockchain is getting.
So right now if I was to actually create this, I would have to pay $128.33.
And yesterday when I was testing out this video tutorial, the price was $111.
So it's gone up $17 in one day.
So that's something to think about.
Obviously, I don't have enough Etherium in here to actually create this NFT.
Even if I did, I probably wouldn't do it.
Now I have heard that if you wait until the middle of the night in the US, you can get
it for like $55 or something right now.
So definitely check different times of the day if you're very serious about this.
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All right, I'll see you in the next video.
Thank you!!!