NFTs have been on a rise in the world of cryptocurrency and blockchain, and many are looking to see if they can make one themselves. For those still wondering what it is, NFT stands for non-fungible token, which is a digital collector’s item.
According to HowToGeek, an NFT is a unique token on a blockchain and non-fungible — it cannot replace or be replaced by anything else. NFTs have been around since 2015 but surged in popularity in 2021.
Beeple, a digital artist, sold an NFT of his work for $69 million in March 2021. By October 2021, one of the biggest NFT marketplaces, OpenSea, had $2.6 billion sales which is approximately 500 times more than the previous year, according to Reuters.
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Yes, indeed, you can create your NFT for free on some platforms.
According to The Verge, platforms OpenSea and Rarible let you create NFTs on Ethereum without paying any fees. This is called “lazy minting” as it lets you create an NFT and put it for sale without being written to the blockchain. When a buyer is interested, the fees for writing the NFT to the blockchain will be bundled with the fees to transfer it to the buyer.
Both the platforms take a percentage fee from any sales you make. OpenSea also requires you to initialize your account at a cost before listing your first Ethereum NFT, The Verge says.
According to Slate, the process of creating and then selling an NFT can cost anywhere from a dollar to more than $1,000.
Some platforms like Rarible have up-front fees for sellers while others take a cut from the sale proceeds, Slate says. Two economic professors from George Mason University think this is cheaper than the cut art galleries take for displaying and selling your collectible.
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To know if you can create an NFT without coding, you will need to know where exactly coding is required in the process of creating and selling an NFT. According to Poster Grind, coding is required in the creation and minting process of an NFT when you’re not using an NFT platform.
So, yes, you can create NFTs without coding by utilizing available marketplaces like OpenSea, Rarible, NBA Top Shots and Binance. These NFT marketplaces are decentralized, digital platforms for buying and selling NFTs, Forbes says. Some platforms allow you to mint your own NFTs too.
However, if you go down the path of coding your own NFT, a basic knowledge of JavaScript, JSON, HTML/CSS and more might be required. Or you might take help from a developer or hire a freelancer who can help you with the code.
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