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    How to create an NFT token and how much it costs: Leibusiness

    How to create an NFT token and how much it costs: an overview


    Many experts believe that non-fungible tokens (NFT) will be one of the main trends for a long time. This, among other things, is indicated by the demand for technology among the developers of the metaverse.

    How to create an NFT token and how much it costs: an overview
    How to create an NFT token and how much it costs


    Positive forecasts for the development of the NFT market open up opportunities for earnings. In particular, you can get income through the creation with the subsequent sale of your own non-interchangeable tokens. The editors of BeInCrypto decided to find out what the NFT development process looks like and what costs it is associated with.


    In this article:


    •  How to Create an NFT
    •  How much does NFT cost to create an NFT token?
    • Promotion of NFT-project
    • Additional costs
    • Summing up


    How to Create an NFT

    In the format of a non-fungible token, you can "wrap" almost anything: from a music track to an author's picture and even ownership rights to a part of real estate. Therefore, to begin with, it is worth determining what exactly will be represented in the NFT. next you will need to prepare the "filling".

    How to create an NFT token and how much it costs: an overview
    How to create an NFT token and how much it costs: Leibusiness 



    For example, if we are talking about a picture, you need to photograph or scan it. The task is to digitize the object.


    The following steps you need to go through to create an NFT token:


    Transfer of the asset to the format of a non-fungible token. Tools to create NFT can be found, for example, on popular marketplaces, including OpenSea.

    Set sales parameters. You need to set the price and other details of the transaction. For example, some NFT marketplaces offer digital artists to earn royalties from the resale of non-fungible tokens in the secondary market.

    Detailed instructions on how to create an NFT token on the example of the OpenSea marketplace can be found how much does NFT cost to create an NFT token?

    n our material.


    See also: Where to store NFT – a review of popular wallets of 2022


    How much does NFT cost to create an NFT token?


    How to create an NFT token and how much it costs: an overview
    How to create an NFT token and how much it costs: Leibusiness 

    The level of expenses depends on the chosen scheme. In particular, you can create an NFT token for free. A diagram, for example, might look like this:


    • Create an author's collage in a graphic editor.

    • Convert an image to NFT on OpenSea or another marketplace that does not charge a fee for publishing non-fungible tokens.

    • At the same time, it is important to understand that the market is flooded with NFT. The probability that a token of unknown origin authored by an unknown digital artist in the crypto community will attract buyers is extremely small.


    See also: How to choose an NFT for investment

    There are other schemes to enter the market of non-fungible tokens. For example, you can hire professional artists to create your own NFT collection and organize an advertising campaign to attract potential buyers.


    In the network, you can find many proposals for the development and sale of ready-made collections of non-interchangeable tokens. Prices range from a few thousand to hundreds of thousands of rubles.

    Promotion of NFT-project

    The cost of promoting the collection depends on the conditions. On the market, you can find offers to launch an advertising campaign from several thousand to hundreds of thousands of rubles.

    How to create an NFT token and how much it costs: an overview
    How to create an NFT token and how much it costs: Leibusiness 


    ou can save on promotion by abandoning the services of managers. In this case, you will have to independently negotiate with major bloggers. Prices for ads from opinion leaders depend on the size of the audience.

    Foreign bloggers tend to charge more money for promotion. As of the time of writing, according to BeInCrypto sources, package advertising in the English-language Telegram channel of crypto topics for 100 thousand subscribers can cost $ 1300. For advertising integration on a YouTube channel with more than 500 thousand subscribers will ask about $ 6 thousand In the Russian segment, prices are approximately 20-30% lower.

    Additional costs

    When creating an NFT, the user may also face additional costs. For example, on a number of marketplaces, there are commissions for account holders. In some situations, the creator of a non-fungible token will have to pay a commission for operations with NFT. Also, market participants may face fees from trading platforms for listing.

    The process of registering NFTs on the blockchain is called mining or minting. Depending on the chosen chain of blocks, the cost of the operation may vary. The price of minting depends on the workload of the blockchain. The most expensive process, as a rule, costs Ethereum (about $50-100).

    Some marketplaces, including Rarible, allow non-fungible token creators to bypass minting costs by passing the costs on to NFT buyers.


    Summing up

    You can create an NFT token for its further sale completely free of charge. At the same time, the lack of funding will not help accelerate sales.

    You can choose a different path, involving specialists in the development and promotion of NFTs. The level of budget that will be required for implementation will depend on a number of factors, including the size of the collection and the characteristics of the chosen market. In this case, the author of the initiative may need

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