In the last few months the non-fungible token (NFT) art space has exploded and data shows that there’s been over 4.9 million sales worth well over $128 million to-date. This week I decided to create an Ethereum-based NFT leveraging the application rarible.com, in order to show our readers how to issue an NFT collectible or a series of rare pieces.
Non-fungible tokens (NFT) are very popular right now and one particular NFT called “Block 21” shattered records at a public auction at Christie’s New York. The NFT sold for a world record fee of $131,250 at the prestigious auction house.
In order to show our readers how to create a world-famous NFT masterpiece, I decided to leverage the application rarible.com to mint a collectible. The following is a step-by-step guide that shows anyone how to create an Ethereum-based NFT digital art piece, but there are also alternative and more complicated methods that can be used as well.
The first thing I did was create a picture with photoshop and when I was satisfied with the art, I went over to the website. Rarible.com is a social community, marketplace, and application and when I accessed the application, I connected it with my Metamask wallet. From here, I pressed the “create collectible” button on the top right side of the screen.
Everything is noncustodial and Rarible explains they don’t hold private keys and “cannot access your funds without your confirmation.” All of the actions are confirmed by the user via the Metamask wallet during the entire creation process.
Rarible offers the user two choices: “Choose ‘single’ if you want your collectible to be one of a kind or ‘multiple’ if you want to sell one collectible multiple times.” Basically this means you can create a single non-fungible asset or a series of collectibles using the application.
I chose the “multiple” option…