Hey guys , we are going to learn
what are nfts?
How we can have a passive income from them?
now before starting I would really appreciate if you subscribe to my blog.
Now without wasting more time let's begin with the article.
NON-FUNGIBLE TOKEN
first of all what are nfts?
nft's full form is non-fungible tokens.
It is a digital asset that represents real-world objects like art ,
music ,photos, videos, in-game items, and many more.
They are bought and sold online with cryptocurrency.
In simple words, it is something unique, which cannot be replaced by any other thing.
for example, if i have made a painting, it would be unique,
because it is made by me. And i'm the owner of it.
Now, i can sell it digitally online as an nft.
And by selling i mean selling its ownership rights,
so this is what nfts are.
Now! i'll teach you how you can make your first nft?
and how you can have an earning from it ?
so,go on the laptop screen first of all
what you have to visit a website named metamask.
For more Detail on complete know how on Metamask wallet click on the link...
Opensea.io Nft marketplace
what we have to do we have to now go in the place where we will create our nft
and then set it to earn money .they are so many.
One of that place is opensea.io .
We'll open a new tab and write opensea.io .
This is the nft marketplace we are going to use to earn money.
Opensea is the world's first and largest nft marketplace.
It is a place where we can create an nft
and then sell it to others to earn money.
It is the world's first marketplace
which tells us that this is where nft emerged from.
This website is the founder of selling nfts
and earning money from them.
and because of the fact it was the first
and now the biggest and largest nft market
available in the world right now.
This is the platform people use to earn millions of dollars by selling nfts.
Earning Potential from Nfts
let me give you proof of my statement.
see some of the top creators in opensea right now.
You can see the earning of persons there .
From hundreds to thousands of ethereum .
now let us see what is the rate of one Ethereum right now.
we'll open google and write price of ethereum to usd.
you all can see price of one Ethereum in comparison with dollars.
Certainly,a very big amount and many persons have earned in thousands of Ethereum.
so let us do the maths let us multiply the ethereum.
If a person has earned 10 Eths
which is equivalent to 35318 USD as of today exchange rates 05\04\2022..
we can see guys many persons have earned
more than 30 million dollars by just selling nft.
So this is a proof guys you can see
how much potential is there in this method of selling nfps
If you get successful in selling nfts you will play in millions of dollars.
Now what we have to do
we have to link the metamask wallet we created before.
We'll do it by clicking on metamask wallet icon on top corner.
There are four options in which you can see there is our metamask option.
and it has also been tagged as popular which means
the metamask wallet is the most popular wallet in nft marketplaces.
So, we'll click on that .
you can see it has opened the extension.
we click on next and click on connect.
our Metamask wallet is successfully connected by this Opensea website.
Setting up Profile
we'll just exit it and now what we have to do is
we have to set up our profiles.
so we'll hover the mouse right there
and click on the profile button.
There you have to add any picture like picture
of yourself or or the picture of the nfts.
That you are going to sell in your collection.
Add any picture right here
it is mandatory to rank your collection.
After it you have to click on the setting icon right there.
There you have to give details for your profile
so first is you have to give a username.
Just write Your own name in the username.
Then you have to write a bio about yourself .
Give an email address so for the learning purposes.
you can also link your twitter account,
your instagram account in and also your website.
if you have one i really recommend you to do this.
Because ,these are the methods
which will increase your chances of your collection
and your profile being ranked on opensea.
and you need to verify your email address.
Click on verify my email button so after click on it
your account has been successfully verified.
so click on this back to opensea button and
then you will be redirected to opensea website.
Creating/Minting Nft
Click on this create button
add the file which you want to be created as an nft.
You can add anything like an image, video, audio or 3d model
and you can also see the file types
supported by Opensea website.
So, upload a picture which you have clicked
or any digital painting ,any 3d or 2d graphics you have .
You can also give an external link
in which some information of our nft will be given.
Give the proper description of the nft you are creating.
fill the supply tab as one or more if you want to.
now here is the main part .
you have to change this currency from ethereum to polygon.
why because if you select ethereum a gas fee will be charged by the opensea website.
When a person buys their nft and
if you choose polygon no gas fee of that sort will be charged
so selecting polygon is more profitable for you after that
you will click on this create button right there.
as you can see guys your first nft has been successfully created.
So, you can see our nft is right there.
Guys you can see you have minted your nft and
minted means created in this website.
Listing Nft for sale
Now what you have to do you have to sell this nft.
You will click on the sell option right there
now you have to give the price for our nft.
keep it as 0.01 ethereum which is equal to 35.26.
You have to select a duration
so we have date ranges from seven days,
one day, three days, and one month.
Select one month if you want to
try your selling efforts with in one month.
And, moreover in this part,
you can also see that this website also charges a service fee of 2.5 %.
This means that when someone buys your nft
then a fees of 2.5 % will be deducted from the price of your nft.
which this opensea website will keep for itself.
now after you've filled all the details
you will click on the complete listing button.
Unlock currency
Now at this stage,You have to unlock our currency .
This part can take multiple tries so
if it doesn't work in the first time,
you just need to do it again and again.
And a time will come when
it will work so you don't have to worry.
Try it first time click on the unlock button.
you can see it is loading now there
You have to click on this sign button,........ fingers crossed.
It will open your metamask wallet,
you'll click on the sign button right there.
now as you can see guys your nft is successfully listed
and it is ready to be sold in opensea.
Close it.
Promoting Nft on social media
what You have to do?
you have to promote this nft in every social media platform,
like facebook, instagram, reddit and many more.
So that your nft can be sold successfully.
You can have an earning from them.
That is how you can make many nfts and a collection on opensea
Then you can earn in thousands of dollars
by just selling the nfts with the simple and easy way.
check it out
for you NFT example my own Nft collection world nft icons
under my profile id SHIVAY ARTS
in Conclusion ,what are nfts
i've showed you in this article
so as you can see right there from this method
you can have a very healthy and passive income
which would be there for a lifetime.
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This was just a brief intro to nft world.more info about
fliping nfts ,catagories,income structures,
payment cash out ,
ethereum conversion will be delivered in near future.
i'll see you all in the next blog till then good bye.
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