If you are a fan of blockchain technology, create an NFT is an idea that has surely crossed your mind. The creative possibilities offered by NFTs are endless From simple drawings to true works of art, they can be minted in just a few steps.

There are numerous platforms that allow you to make your NFT. Even trade with them in internal markets, with which you can generate income from your creations.

One such option is G4AL Games, a free-to-play video game making and launch studio aimed at gamers, allowing them to mint tradable tokens thanks to blockchain technology.

Next, we will clarify step by step how you can create an NFT and what is the procedure to market it. We hope this information will help you if you are thinking of entering this interesting market.

How to create an NFT

Creating an NFT takes some preparation, but it’s nothing the average person can’t achieve. The first thing you need to do is pick the platform you want to sell your non-fungible token on. Then, a digital wallet to fund and get paid on.

One of the tools that G4AL offers is its NFT Launcher platform. A platform where you can create, launch and trade NFTs. In addition, its ecosystem has a digital wallet where you can store the different types of NFT assets.

Once you decide which platform you are going to create an NFT on and which wallet you are going to use, the next step is to add funds to the wallet. These funds will be used to pay the fees for both the platform and the blockchain you are using.

Then, you will need to link your wallet to the creation platform of your choice. With this step, you will be given access to your wallet and will allow the exchange between it and the platform you are using.

Lastly, you need to upload the digital file that you want to convert into an NFT. With this, you are ready for the minting process. Depending on the platform you are using, will be a simpler process than all the steps you have taken so far.

How to create an NFT: tips and tricks 

As you have seen, creating an NFT is not something that complicated. Some tips are worth keeping in mind when starting the process. Some of these tips are:

  • Choose a platform that suits your needs and budget: there are many platforms where you can make an NFT. Each one of them offers particular tools and options. You should analyze before deciding where to mint an NFT.
  • Select a blockchain that offers advantages for your project: although most NFT platforms work on Ethereum, others operate on faster and cheaper blockchains such as Solana, BSC, Polygon Matic, etc.
  • Stay away from peak hours: you should be aware that some networks like Ethereum have certain times of congestion. So the cost of transaction fees increases considerably.
  • Authenticity is the key: when creating an NFT, try to make it one of a kind. Remember that the price of collectibles depends directly on their rarity. 

NFT minting guide: how to mint an NFT

The minting of an NFT is the process by which a digital file is converted into a crypto collectible. After this process, it is impossible to delete, edit or modify the collectible, since it is stored in the blockchain.

This procedure transforms a file into a digital asset, which can be exchanged or purchased with cryptocurrencies directly on the market. By minting an NFT, the owner can even schedule royalties, allowing them to receive a commission every time the work is sold on secondary markets.

There are now two ways to mint an NFT: mint it on the website of projects that allow it or do it directly on a specialized NFT Marketplace.

Nowadays, there are many markets where you can create an NFT, which differs from each other in aspects such as the management of the technical process. Whether or not they work with artists, the way they attract the public and even how they charge their commissions.

Another very important point that you must take into account is the blockchain on which the platform on which you will mint your NFT operates. The blockchain directly affects the cost of transaction fees, as well as how compatible your NFT will be with other blockchains.

G4AL LAUNCHER enables the use of Polygon-compatible sidechains for token and NFT swaps, giving you lower transaction fee costs and faster transaction speeds.

How much does it cost to mint an NFT?

Determining how much it costs to mint an NFT is very difficult. Most of the NFT creation platforms are on the Ethereum network, so their fees are the most common associated with the platforms.

Depending on the site you mint an NFT on and the blockchain it operates on, the price of a mint can range from $1 to over $1,000. Some platforms allow you to mint NFTs for free. This means their earnings are based on the fees they charge for trading.

As we mentioned earlier, most platforms run on top of Ethereum. The network congestion during peak hours increases the cost of trading considerably.

There are costs involved in minting the NFT and costs involved in trading within the market. The platform will calculate the amount of these costs, then they will add their profit margin. The result will be the price that you will have to pay for the minting of your asset.

In some markets, in addition to these costs, there are subscription costs. A monthly fee that gives you the right to publish and trade your NFTs on the platform.

How to trade NFTs: a step-by-step guide

Trading NFT assets is no different than trading any cryptocurrency. NFTs are hosted on the blockchain they were created on. You maintain control over them through your digital wallet.

When you want to trade collectibles, be it buying, selling or trading them with someone else, you must do so through the Marketplace of the platform of your choice.

The first thing you need to do is link your wallet to the website. This way you will have access to your assets from the exchange site. If you want to sell an NFT, you must publish it on the site’s Marketplace and pay the corresponding commissions.

If you want to buy one, you just have to choose the asset that interests you. Once you click on buy, you must confirm the operation in your wallet. In this way, the exchange will take place where you send your cryptocurrencies to the seller and receive the NFT in exchange.

If you have chosen G4AL to create an NFT, you should know that you can sell them on the sites of your choice using the Unity application and the templates for web portals provided by the platform, quickly and easily.

Benefits of creating your NFTs with G4AL and trading them

G4AL LAUNCHER is a platform that allows the creation of Ethereum-based NFTs. It is compatible with other networks thanks to the use of sidechains. This allows the exchange of assets between different blockchains.

The speed and costs related to network fees will be reduced thanks to that. It means considerable savings in creation and marketing costs and therefore greater profitability in the sale of your collectibles.

G4AL LAUNCHER is currently under development and according to their roadmap. The team expects to launch the platform during the second quarter of this year.

Register now and don’t miss out the latest updates. Be the first to know when G4AL Engine launches.