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3. Advanced Course

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  1. 1. What is Taproot?
  2. 2. Blockchain bridges – what are they?
  3. 3. What is Ethereum Plasma?
  4. 4. What is Ethereum Casper?
  5. 5. What is Zk-SNARK and Zk-STARK? 
  6. 6. What is Selfish Mining? 
  7. 7. What is spoofing in the cryptocurrency market? 
  8. 8. Schnorr signatures - what are they? 
  9. 9. MimbleWimble - what is it? 
  10. 10. What is digital property rights in NFT?
  11. 11. What are ETFs and what role do they play in the cryptocurrency market? 
  12. 12. How to verify a cryptocurrency project – cryptocurrency tokenomics 
  13. 13. What is the 51% attack on blockchain?
  14. 14. What is DAO, and how does it work?
  15. 15. Zero-knowledge proof – a protocol that respects privacy 
  16. 16. What is EOSREX?
  17. 17. What is Proof of Elapsed Time (PoET)?
  18. 18. Mirror Protocol – what it is? 
  19. 19. What are synthetic assets? 
  20. 20. How to create your own NFT? 
  21. 21. Definition of DeFi, and what are its liquidations?
  22. 22. New identity system - Polygon ID
  23. 23. Ethereum Foundation and the Scroll protocol - what is it?
  24. 24. What is Byzantine fault tolerance in blockchain technology?
  25. 25. Scalability of blockchain technology - what is it?
  26. 26. Interchain Security - new Cosmos (ATOM) protocol
  27. 27. Coin Mixing vs. Coin Join - definition, opportunities, and threats
  28. 28. What is Ethereum Virtual Machine (EVM) and how does it work?
  29. 29. Soulbound Tokens - what are they, and how do they work?
  30. 30. Definition of LIDO - what is it?
  31. 31. What are Threshold Signatures, and how do they work?
  32. 32. Blockchain technology and cyberattacks.
  33. 33. Bitcoin script - what it is, and what you should know about it.
  34. 34. What is zkEVM, and what are its basic features?
  35. 35. Do confidential transactions on blockchain exist? What is a Confidential Transaction?
  36. 36. Algorithmic stablecoins - everything you should know about them.
  37. 37. Polygon Zk Rollups ZKP - what should you know about it?
  38. 38. What is Web3 Infura?
  39. 39. Mantle - Ethereum L2 scalability - how does it work?
  40. 40. What is the NEAR Rainbow Bridge?
  41. 41. Liquid Staking Ethereum and LSD tokens. What do you need to know about it?
  42. 42. Top 10 blockchain oracles. How do they work? How do they differ?
  43. 43. What are Web3.js and Ether.js? What are the main differences between them?
  44. 44. What is StarkWare, and recursive validity proofs
  45. 45. Quant Network: scalability of the future
  46. 46. Polygon zkEVM - everything you need to know
  47. 47. What is Optimism (OP), and how do its roll-ups work?
  48. 48. What are RPC nodes, and how do they work?
  49. 49. SEI Network: everything you need to know about the Tier 1 solution for DeFi
  50. 50. Types of Proof-of-Stake Consensus Mechanisms: DPoS, LPoS and BPoS
  51. 51. Bedrock: the epileptic curve that ensures security!
  52. 52. What is Tendermint, and how does it work?
  53. 53. Pantos: how to solve the problem of token transfer between blockchains?
  54. 54. What is asymmetric encryption?
  55. 55. Base-58 Function in Cryptocurrencies
  56. 56. What Is the Nostr Protocol and How Does It Work?
  57. 57. What Is the XDAI Bridge and How Does It Work?
  58. 58. Solidity vs. Rust: What Are the Differences Between These Programming Languages?
  59. 59. What Is a Real-Time Operating System (RTOS)?
  60. 60. What Is the Ethereum Rinkeby Testnet and How Does It Work?
  61. 61. What Is Probabilistic Encryption?
  62. 62. What is a Pinata in Web 3? We explain!
  63. 63. What Is EIP-4337? Will Ethereum Account Abstraction Change Web3 Forever?
  64. 64. What are smart contract audits? Which companies are involved?
  65. 65. How does the AirGapped wallet work?
  66. 66. What is proto-danksharding (EIP-4844) on Ethereum?
  67. 67. What is decentralised storage and how does it work?
  68. 68. How to Recover Cryptocurrencies Sent to the Wrong Address or Network: A Practical Guide
  69. 69. MPC Wallet and Multilateral Computing: Innovative Technology for Privacy and Security
  70. 70. Threshold signature in cryptography: an advanced signing technique!
  71. 71. Vanity address in cryptocurrencies: what is it and what are its characteristics?
  72. 72. Reentrancy Attack on smart contracts: a threat to blockchain security!
  73. 73. Slither: a static analyser for smart contracts!
  74. 74. Sandwich Attack at DeFi: explanation and risks!
  75. 75. Blockchain RPC for Web3: A key technology in the world of decentralized finance!
  76. 76. Re-staking: the benefits of re-posting in staking!
  77. 77. Base: Evolving cryptocurrency transactions with a tier-2 solution from Coinbase
  78. 78. IPFS: A new era of decentralized data storage
  79. 79. Typical vulnerabilities and bridge security in blockchain technology
Lesson 20 of 79
In Progress

20. How to create your own NFT? 

NFT is a kind of revolution. Each of us can become the author of this digital asset and successfully sell it. You can even create non-exchangeable tokens on free platforms. Today’s lesson will take the form of a tutorial – step by step, we will tell you how to become an NFT author. 

Non transferable token (NFT) – basic information 

NFT is a certificate of ownership of a given asset. As you know from previous lessons, it can be a painting, a work of art, music, a collection of famous fashion designers or even the first tweet that appeared on the platform. Tokens are created on the relevant blockchain and platform. With access to blockchain technology and the internet, you can create such work from anywhere in the world. And as you know – NFT trading brings much higher profits than “traditional” sale of works or at least even cryptocurrencies. 

The current market of digital assets offers many platforms where we will create and sell our NFT almost for free. Why do we say “almost”? Because they charge a  service fee of 2.5% on the price of the NFT sold. Two of the most popular include  OpenSea and Rarible. The same goes for cryptocurrency wallets – platforms support many of them. So choose the most beneficial and intuitive one for you. 

OpenSea 

This is an NFT exchange created by Devin Finzer and Alex Atallah. It is where registered users create, buy and sell their tokens. The exchange is one of the most popular that operates in this industry. So let’s go through the entire process of creating your token on it. 

1. We install a cryptocurrency wallet. We import it into the platform using the recovery phrase. If you do not currently have a wallet – create a new one. Just remember all the security rules that apply to this. Create a strong password – you will need it every time you want to connect to it. 

2. Connect the wallet to OpenSea. The wallet icon is displayed in the top right corner of the app. This is what you will use to connect your wallet. Select the current one you are using and confirm this connection by following the pop-up notifications. 

3. Transfer to the ETH wallet. As we already mentioned, tokens are mainly created using the Ethereum network. Therefore, before we proceed with the creation, we need to have ETH in the wallet, which we will use to pay for gas.  After connecting the wallet to OpenSea and transferring a certain amount to  ETH, we can see our profile and start creating our first NFT. 

4. Creation. At this stage, you can choose whether you want to create a single token or a whole collection right away. By clicking on the “create” icon you will be able to choose the variant that suits you. There is little difference between creating a single NFT or a collection. A collection only requires us to provide more details about it.

5. Details. For each NFT we create, we need to select the corresponding features. Give it a name, special features, supply, blockchain, description, and external reference and define what it is (image, audio, model, artwork etc.). 

6. Done. After providing the above token properties, we click “create,” and our first NFT is ready. Be careful to choose the right blockchain. If you want your  NFT to be free, at this point choose the Polygon blockchain instead of  Ethereum. The next step you can take is to list it for sale. 

Rarible 

This is also an NFT exchange, allowing you to create and buy/sell tokens

1. Wallet. Identical to OpenSea, we install our cryptocurrency wallet. 2. We connect the wallet to the application. Analogically as in the case of the first, discussed exchange. 

3. Creation. In the upper right corner, there is a “create” icon. Clicking on it, you will see the options – “create a new NFT” or “many”. The “many” reference is nothing more than the ability to create an entire collection. 

4. Blockchain. In the case of the Rarible exchange, it is recommended to choose the Ethereum blockchain. 

5. Entering details. Here we also enter the name, description, features, price, and other relevant elements of our NFT. 

6. Be careful – before you click the ‘create’ link activate the ‘free edition’ and select the Rarible (RARI) collection to benefit from the free NFT edition. 7. Before activating your NFT, review the details you have entered once more.  Make sure everything is in order and click ‘create item’. 

8. Done. You already know how to create an NFT on the Rarible platform.

Featured By Binance 

This is also another platform where you can successfully create your NFT. 

1. Of course, the first step is to connect your cryptocurrency wallet to the  Featured By Binance homepage. If we have this step behind us, we click on  the “create” icon. 

2. We choose the option of a single NFT or a collection, and then upload the digital file

3. Add a description and other relevant features of our NFT. 

BakerySwap 

To create a token on this platform, we need to have a bit of BNB. With it, we pay the fee for creating our NFT. Make sure that the crypto wallet you own and connect to the app supports this cryptocurrency. Analogy: 

1. We go to Marketplace BakerySwap NFT and connect our cryptocurrency wallet to it. All the necessary icons are located in the top right corner.

2. Following the instructions, after connecting the wallet, we click on “Create  Artwork” and thus begin the stage of creating our NFT. 

3. Step by step we fill in all the information the platform asks us for. These relate to our work of art. 

4. With the plus icon we upload the file. 

5. Before you click “Create” make sure that you have properly filled in all the information, uploaded the image and agree with the anti-plagiarism declaration. 

6. A payment confirmation message will appear in your cryptocurrency wallet,  which is the creation fee. 

7. Once the fee has been paid, you can view your NFT on the blockchain.

Blockchain and the creation of NFTs 

Going step by step through the process of creating an NFT, you’ve managed to notice that there are quite a few blockchains to choose from. The most popular is of course Ethereum, but the gas fee may be prohibitive for some. Then you can use  Polygon, Polkadot, Binance Smart Chain, Tron or Tezos. Always look for a cheaper alternative that also gives you a faster transaction

Platforms for creating NFTs 

We’ve covered the four most popular, but it all basically comes down to your own preferences and the blockchain you intend to use to create your NFT. Most platforms create our NFTs in the BEP-721 standard, so from a technical perspective – whichever platform you choose, the token will technically be the same. 

For ease of sale, it is a good idea to choose a platform that you are already familiar with. This way you will avoid moving your NFT to another location as soon as it is created. 

Summary 

As you can see, the process of creating an NFT is extremely simple. The market offers us many platforms that are easy to use and intuitive, even for the grey user.  So, if you have an idea or know a lot about graphics – try it, maybe you will create the next project that will win the hearts of NFT geeks. Good luck with your NFT creation!

Use the acquired knowledge in practice on Kanga Exchange