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A GIF recently sold for $60,000 at an online auction. If this shocks you, you might be flabbergasted to learn that Twitter founder Jack Dorsey’s very first tweet sold for $2.9 million. Interestingly, the tweet, read, “just setting up my twt”.

Now, maybe it’s time to reconsider the definition of “fine art” and explore the world of non-fungible tokens (NFTs). An NFT is a Blockchain-based tokenization of a collectible or work of art. It is transparent, making it easy for everyone to see the “token owner”.

It should be noted that these digital works of art can be modified without losing any information, with complete transparency on its transactions. Like any other form of cryptocurrency, NFTs can be bought and sold. This tutorial explains the step-by-step process for everything you need to create your own NFTs in a collection on NFTically, an NFT and B2B SaaS marketplace builder.

Step 1: Configure MetaMask

NFTically gives you two options – Metamask Wallet or you can connect any Ethereum based wallet with WalletConnect. (Photo: NFTically)

The first step to creating your own NFT is to create an online wallet that can hold your NFTs. Crypto-assets are stored in something called a “wallet”, which can be accessed using your “private key” – the crypto equivalent of a super secure password – without which the owner of the crypto cannot access to currency.

This wallet allows you to pay Blockchain gas fees, more on that later. For now browse your way to metamask.io where you can download the app or add the chrome extension. Once Metamask is installed, you can simply continue by linking it to NFTically.

Step 2: Creating your store

Visit Nftically and click on the first tab on the right side that says “Create a store”. (Photo: NFTically)

After linking your wallet to Metamask, you will now be able to create your own NFTs. Go to nftically.com and click on the “Create Store” button in the menu bar. You will now be taken to your dashboard, where you will need to configure the store.

Step 3: List on the market

Enter your store name in the blank field. (Photo: NFTically)

Create a name for your NFT collection, then click the “Add New Item” button. Once you’ve named your store, tap on the “Create a store” tab at the bottom right and voila, your store is launched. Next, you will be redirected to your store’s settings page, where you can customize it to your preferences. Additionally, you can visit your store by clicking on the highlighted link.

Step 4: Creating your collection

Creating the first token in a collection will incur associated costs, but not subsequent ones. (Photo: NFTically)

When you click on the highlighted link to your blog, you will be redirected to your NFT store, so you can start building your creation by clicking on the “Build a collection” tab.

After that, you will be asked to upload an image, video or sound that can be listed as NFT. You can provide the name, as well as a detailed description of your art. Now you will be asked to “Set price” and then “Post your ad”.

Step 5: Sell your NFT

After clicking the Create button, your digital content will be converted into a smart contract and sent to the blockchain for free. (Photo: NFTically)

Selling your first NFT requires a Blockchain transaction, for which you will be asked to pay a gas fee. Send Ether to your Metamask, and you’re good to go. You will only have to pay this fee the first time you create an NFT collection. “Gas fees” are the transaction fees that users pay to create their smart contracts on the blockchain.

The value of the fee changes depending on the demand rate for that specific cryptocurrency in the market. Now that your digital asset is listed on the market, anyone can find and buy it on the market. You have finished!

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