Non-fungible Tokens (NFTs) have grown in popularity due to the long-term utilities they bring along. NFTs are blockchain-linked digital assets representing the ownership details of real-world assets, digital files (text, mp3, etc.), and anything.
If you’re a long-time observer who plans to create and sell your debut NFT collection, this is the article for perfect preparation.
What’s the Market like?
The NFT market surpassed the $41 billion mark at the end of 2021, according to multiple reports. Last year’s numbers forecast massive potential for the NFT space in 2022 & beyond. NFT market encompasses trading of higher transaction volume, starting from Beeple’s $69 million NFT to Artist Pak’s $91 million art NFT.
How to Make Your Debut NFT?
You’ll have clear goals before starting any business, won’t you? Likewise, it’s obvious to have clear goals before creating and selling your NFT.
What’s your Purpose? - Of Creating an NFT
Before entering the process, ensure your actual purpose behind the NFT development: whether you wish to monetize it (on marketplaces) or you wish to incorporate them into your business.
Decide Your Idea
Choose your NFT idea: whether you want to represent an image, artwork or some other. Then, determine the type of NFT and its characteristics: whether it is cross-chain NFT development or multi-chain NFT development, or custom NFT development.
Choose Your Chain(s)
Ethereum is the most widely used blockchain platform for NFTs. Binance, Litecoin, EOS, Tron, Cosmos, Smart Chain, Tezos, and Polkadot are other blockchains known to host NFTs.
Hire A ‘Facilitator’
Here, with Facilitator, I mean the technology partner (aka) NFT Development company - to craft, market, and sell your first-ever NFT collection.
Conclusion
Hiring your ideal development company can be a daunting task, especially with so many service providers available.
If you need help with choosing the right one, drop your questions below in the comments section or drop me a line!