Not that many things are talked about nowadays that are as hot or as puzzling as NFTs. It seemingly came out of nowhere. NFTs were once the wet dream of hobbyists and those living in the outer fringes and the world wide web, as a tool that could earmark any digital or physical asset which would yield huge value, while also acting as a test-bed to demonstrate to the world the power of the blockchain. You might be one of those wondering how to create an NFT in the first place.
The goods news here is that you're still not too late. In fact, there's a good chance the NFT market will keep steamrolling forwards, as there's not a whole lot to suggest that it could be slowing down any time soon. Within the last few months, we've seen NFTs evolve to a point where even the world's biggest critics have warmed up to it, with large auction houses, art galleries, museums, applications, games, and the wider mainstream getting into the trade.
Not long ago, NFT crypto-artist Beeple just sold his NFT artwork for an eye-watering $69-million, a price that would put it on par with some of humankind's most prolific and iconic contributions to art and culture since the days of the Renaissance. According to data from Forbes, the market capitalization of NFTs within just the first three months of 2021 has skyrocketed by 1,785%. So, if you'd like to get some skin in the game, read along with our how to create an NFT guide here to learn more.
What Is An NFT?
NFTs, otherwise known as ‘non-fungible tokens,' are assets – be they something that is tangible in the real-world or something intangible that can only exist virtually- that have been “tokenized” to give them value. This is the process of minting those assets onto a select blockchain. In effect, this can give blockchain-minted assets – now NFTs – certifiable immutability on a blockchain's ledger and also be able to accord these assets a marked proof of authenticity.
NFTs aren't just limited to artwork, although that has been a popular use case for practicing how non-fungible tokens work, and it could be argued that the trade of online art-pieces is what catapulted NFTs into mainstream popularity. But outside of the artistic community, non-fungible tokens have been used in large capacity for music, merchandise, collectibles, playing cards, or even in-game items and inventory – just as some examples of what you can turn into an NFT. Someone has even sold a house for $500,000 as a non-fungible token.
The key driver is that you can use blockchains to certify that you are indeed the owner of a said asset or if you'd like to prove that there's only a limited amount of something. This is why NFTs are highly sought after for items that are unique or one-of-one, like art. Another benefit is that NFTs can bring value from what would otherwise be a digital-native asset with limited usability outside of its own ecosystem -such as an item that could only be used within a game – and allow them to be worth something in the real-world.
Who Is WAX?
WAX – or the Worldwide Asset eXchange – is now one of the world's largest NFT creation platforms, blockchain technology providers, and virtual asset marketplaces. They've posed themselves to be a strong competitor to the current leading blockchain for NFTs, which is Ethereum – as we've waxed lyrical (pun intended) about them before. WAX offers effortless onboarding for new users and a hugely diverse marketplace for NFTs along with special collaborations.
Some of those NFT collaborations on WAX are with top-tier celebrities and legendary brands; including memorabilia from across William Shatner's 60-year long career in the top-flight of Hollywood, trading and playing cards from Topps, NFT merchandise from Deadmau5, nostalgic artwork from the box art of games made by Atari, as well as a collection of special playing cards with unique gaming features from the folks behind the Street Fighter franchise.
WAX's NFT decentralized platform has also opened up a whole new avenue for creators around the world to make their own NFT collections. There has been a horde of upstart and independent projects, such as those from Bitcoin Origins, Uplift Art, Kogs, and Blockchain Heroes. From WAX, we've witnessed a huge resurgence of growth on their marketplace – highlighting the immense hype and excitement around NFTs – with entire collections being sold out within minutes, distributing hundreds and thousands of unique NFTs.
“Our NFT Distribution tool alone has skyrocketed in demand in the last few weeks, from various NFT projects looking to promote and engage the WAX community with their NFTs.” – Says Dimitri Nikolaros, co-founder of bountyblok.io.
How To Create An NFT On WAX.
“But…”, you might ask, “What do I need to do to make an NFT?” One of the most amazing things about NFTs is how effortless and seamless they can be. Creating a whole collection of art-pieces worthy of being displayed in the Louvre couldn't have been any simpler. Sure, there are a few more steps here and there than just publishing it freely on DeviantArt, but with what you can earn and enjoy with NFTs, the price of those few extra steps is more than worth it if you can draw.
In partnership with WAX, we'll be bringing you our how to create an NFT guide to help you along this exciting new journey. On WAX, anyone can create their own NFT, from still photos, images, drawings, GIFs, or videos. If you're feeling a bit bored, then you could even shop around WAX's marketplace to buy and trade from thousands of unique NFTs for sale. Do you want cards, avatars, special emojis, pixel-art, or memes?
You name it; WAX has it. Of course, there are also countless other awesome NFT platforms and marketplaces out there, such as Nifty Gateway, OpenSea, Enjin, and more. For this how to create an NFT guide, we'll be using WAX, but feel free to emulate some of these steps in publishing and selling your upcoming NFT masterpiece.
Step 1 – Create an account on the WAX Cloud Wallet.
One of WAX's standout features compared to most other competing platforms is its ease of use and seamless onboarding features for new users. This is proven by the WAX Cloud Wallet – or WCW – as your primary account and wallet manager for the WAX ecosystem. In just a few clicks and one confirmation email later, and you'll now have your own WCW account. Alternatively, you could register for a WCW account using the available log-in options.
This will sync with your account credentials on a few popular sites and services, such as through Google, Facebook, Steam, Twitter, Discord, Twitch, Reddit, and more. There's no need to fiddle about with third-party wallets or needing to remember lengthy keys and seed-phrases that you're immediately going to forget. Once you've accessed your WAX Cloud Wallet, you can then tweak some of your account settings, like enabling 2-factor authentication (2FA) for better security.
Here, you can also see some of the NFTs that you've amassed in your collection, along with your WAXP token balance. This is the native currency of the WAX ecosystem, and you'll be needing this if you'd like to buy NFTs, as well as being the cryptocurrency that you'll be paid with once you've sold your NFT. You could easily buy WAXP tokens from your WAX Cloud Wallet by clicking the “Buy WAX” tab along the right-hand side, and you could even use your Mastercard or VISA card to buy WAXP.
Through the WCW interface, you could also access some of the decentralized applications (dApps) that have been built on the WAX blockchain – including their NFT marketplace – such as WAX-built games. If you'd like to earn more on your WAX holdings, you could also stake your WAXP tokens here, as well partake in some of WAX's decentralized finance (DeFi) services. For now, though, we'll focus on how to create an NFT.
Step 2 – Head Over to AtomicHub.
While you're in your WCW wallet, click the “dApps” tab along the left-hand side. Now, find and click on “Atomic Market.” This will open up AtomicHub, which is the primary NFT marketplace on WAX, and this is where we'll learn more on how to create an NFT. Immediately, you'll be brought to the main storefront page, where you can browse through countless NFTs on offer. Don't get distracted with all the glitter now, and click on “Login.”
This will present you with three distinct login options – WAX Cloud Wallet (WCW), Anchor, and Scatter. All of them are wallets, but for this demonstration – and thanks to how easy it is to use – we'll be logging in using WCW. Now, approve the sign-in as the username confirmation prompt pops up, and your WAX Cloud Wallet is not synced up with the AtomicHub NFT marketplace. From there, click on the “NFT Creator” tab along the top.
Step 3 – Create a New NFT collection.
Once you've clicked on “NFT Creator” in AtomicHub, this will bring you to their handy little NFT creation workflow. The first thing that you'll need to work around is creating a new NFT “Collection.” Collections on WAX are groupings where NFTs of a similar theme can be categorized under. For instance, being able to create distinct Collections to separate your pixel-art from GIFs. Now, click on “Create New Collection.” There are a few things to complete here in the Collection creation phase.
Adding a Collection photo – This is the header image to represent this specific Collection. Pick anyone that you think best informs you on what this Collection of NFTs will be about. WAX recommends that you pick images that have a transparent background, as it appears more appealingly.
Collection name – Here is the name that will describe your NFT collection, so think of the best name that represents what the Collection is all about. You'll have to be strategic about this name because there's a 12-character limit (you must have exactly 12 characters!), and you can only choose characters consisting of the numbers 1 to 5 and/or the alphabets a to z. There can be no spaces or symbols in the “Collection name.”
Display name – This is the name of the collection that you'll most likely see more often. The “display name” for your collection doesn't have as many restrictions compared to the “Collection name,” so feel free to name your new NFT collection as you see fit.
Website URL – It's an optional step, but you can insert any URL here that may be related to you or your new NFT collection. If you have your own website, personal blog, or social media page, then you can insert the link here as a good way to market yourself to the WAX community.
Collection description – So, what is your NFT collection all about? Is there a meaning behind the artwork you're making, or are you just posting GIFs for the memes? Well, let people with a brief but thoughtful description of it. This is also an optional step.
Market fee – You can now set the market fee of your NFT collection in the final step of the Collection creation process, choosing anywhere from 0% to 15%. It's important to note that this isn't your cut during the first sale. What percentage of the “Market Fee” you set here will determine the percentage of what you will earn for every NFT in this collection that gets sold in any WAX-powered secondary market.
Once you've completed everything, click on “Create Collection” to finish this step. This will prompt you to approve your transaction with a pop-up notification. Now, authorize it through the WCW pop-up, and your Collection set-up process is now complete!
P.S. make sure you didn't follow this writer's footsteps and give a Collection name with less than 12 characters, which caused the transaction to fail. Ooops…
Step 4 – Create a New Schema.
Now that you already have a Collection on AtomicHub, it's time to create a Schema. Now, what is a Schema, you might ask, and what does this have anything to do with how to create an NFT? To put it simply, a Schema is like a “series” that sits within your NFT Collection, as a sort of template or layout for what your NFTs will look like or would be in this particular Collection.
So, you could have a Collection for artwork, but you can then use Schema to better define each “series” or categories of art-pieces of entire sub-collections. In short, AtomicHub's Schemas are used to give attributes and better define your NFTs.
To start, click on the “Create New Schema” tab once you've already logged into a Collection page within AtomicHub. The first thing you'll need to do here is to give your Schema a name. Similar to how a Collection name works, you must use the whole 12-character limit. Now, you can see here that there are “Attribute Name” and “Attribute Type.” From here, you can begin to personalize how your NFT will be.
At the very least, your NFT will need to have a “name” (Attribute Type = “Text”) and “IMG” (Attribute Type = “Image”), the latter being the primary image for your NFT. Then, there are a few more attributes that you could add on top of just the name and primary image as an option…
“backing” – This is the secondary image of your NFT, with Attribute Type set to “Image.”
“video” – Choosing this will allow AtomicHub to display your NFT in video format, with Attribute Type set to “IPFS.”
“audio” – Choosing this will allow AtomicHub to display your NFT in audio format, with Attribute Type set to “IPFS.”
This can prove to be a harder step to follow on knowing how to create an NFT, as it can involve some of the more technical aspects of creating an NFT. You'll need to manually type the Attribute Names in order, as we showed you earlier, along with the matching Attribute Type. There's a good reason for this, though, as the Schema system can allow for NFT creators to suitably modifying the attributes for each NFT, including new attributes that need not apply to you.
As Schema is the template for how your NFT will look like as a finished product, you can really get complex with this. One example is Deadmau5's ‘series1‘ Schema, where you can see some of the more unique and distinct Attribute Names that have been chosen and programmed specifically for their NFT Collection. Once you've set what your Schema would be, click on “Create Schema” to move on to the next step.
Step 5 – Mint your New NFT.
Now, we can get into the minting process of your NFTs. Once you've logged into your Schema page on AtomicHub, you can see here that you could also add new attributes to your Schema. Now, click on the “Mint New Asset” tab along the bottom. This will take you to the asset-minting page. To make this process easier, if you're planning to make a whole bunch of NFTs, then you might be interested in creating a Template.
This is optional, but go back to the Schema page and click on the “Create New Template” tab. By creating a Template, every time you make a new Asset, you can choose a set Template to save on time rather than needing to manually set every single input again. On the “Mint Asset” page, you can see an “Add an image” window on the left. This is basically where you upload your would-be NFT into a picture.
After this, we can complete some of the attributes of your NFT. The more Schema attributes you have, the more steps that you'll need to go through to complete the minting process. Would you need to upload videos or audio files based on your Schema? Overall, this opens a whole new world of customizability and versatility with digital assets that we never had before. In the “Attributes” section on the bottom of the minting page, you can then input a name for your NFT.
If your future NFT is saved as a drawing on your computer, for example, find an upload that file onto AtomicHub. Note that files uploaded to AtomicHub can only be less than 2MB in size. If your file is bigger than 2MB, then upload it to Pinata Cloud. After you've uploaded the image file there, find the IPFS Hash for that specific picture, and then type – or copy and paste – it into the “IMG” attribute underneath.
Once you've finished with uploading an image, double-checked that your WCW username is indeed the owner of the future NFT, and completely filled in every single attribute such as the name of the NFT, then dial in how many copies of this NFT that you'd like to make available, from a one-of-one copy or up to 10, once that's done, click on “Create Asset.” This will then show you a preview of what your NFT would look like once it's made for sale on the AtomicHub marketplace.
Heads up! Take your time to make sure that everything is correct and finalized, as once you click on “Confirm,” this will start the minting process for your NFTs. This process can't be stopped or reversed.
However, one thing to bear in mind here is “RAM.” This is the system memory of the WAX blockchain, and you may need to “buy” more RAM on AtomicHub before your NFT could be minted. You're allocated a set amount of memory, so use it wisely as every single action you make – such as creating a new Collection or Schema – will cost you RAM. This is the WAX equivalent of needing to pay for gas fees on Ethereum as a way of compensating for the computational resources needing to power the transactions for your NFTs.
Step 6 – List your NFT on the AtomicHub Marketplace.
Voila! Once you've done with minting that NFT of yours, go back to the Schema page. At the bottom, you can now see that NFT as an “Asset.” Click on that, and it will take you to a page listing all its properties, such as its name and collection name. You can see as well whether this NFT can be transferrable to another person on AtomicHub or the wider WAX ecosystem or whether it can be burned. In other words, destroyed.
If you're comfortable with everything here and would like to put it on sale, then click on “List on Market.” This will open a new prompt, which you can select to sell it directly with “Sale” or let it be bid on through “Auction”.
You can then set the listing or starting price, respectively, as well as get a breakdown of all the fees charged by AtomicHub, and how much you'll get when the sale is complete. With an auctioning process, you could then set how long you'd like the bidding process to last for.
How To Create An NFT On WAX – Conclusion.
Well, there you go, a quick guide on how surprisingly easy it can be for anyone to start making their own NFTs on WAX. Although it might prove to be a daunting task at times, it's quite a simple and straightforward process, all the way from opening up a wallet using WCW and minting your first NFT. And just like that, you're now a part of a new and exciting world that blends everything you know about tech and art all rolled up into one.
So, is that all? Could you only upload pictures? Of course not! Using WAX's AtomicHub, you can find countless other examples of what NFTs can be.
Whether you're creating a new collection of playing cards to collect and battle with your friends or funny GIFs that bring a smile to your face, in short, there's limitless potential to what you can do with the power of blockchains and NFTs in the palm of your hands, and we hope our how to create an NFT guide has been of help to you along this adventure.