What is NFT?
A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. NFT is actually a big deal right now and it is going to be even bigger in the future.
NFT marketplaces allow digital collectors to buy, sell and create their tokens. These tokens just represent that particular, unique item that belongs to one person exclusively.
Music is the second most popular NFT. The reason is simple: musicians can keep roughly 100% of the money, which was impossible in the traditional ways of delivering albums or songs to the audience.
How to create an NFT video and sell for $761K ?
The process of creating NFT which is called minting is neither costly, complex nor technical. Anyone can create an NFT. The exact steps you will take will depend on the marketplace/platform you choose to use, but the typical process is as follows.
1. Select Your Content
Choose the format of NFT. Obviously, you need to decide what content you want to convert into an NFT. If it isn’t already digital, you will need to convert it to an appropriate file type. Most digital art tends to be stored as a PNG or GIF file; a book would typically be in PDF format. Not only pictures but also photos and videos can be NFT.
2. Create your video/photo with music through AI recommendation
To finish a video or photos on NFT, how can you miss the audio? There are tons of things to get music with a license, no one wants to be illegal. A.V. Mapping’s AI recommendation can not only help you find out the most suitable music but also sign the contract between you and the musicians immediately.
3. Decide How Many NFTs You Want to Create
Although we generally talk about NFTs being unique, there are situations where you might want multiple identical copies. In this case, you need to decide how many identical copies of a particular NFT you will permit and include that within the relevant blockchain. This number now become fixed.
4. Choose Your NFT Platform/Marketplace
You will want to choose an NFT marketplace to create and sell your NFTs. There are now quite a few marketplaces, and although the majority are still backed by Ethereum, not all are. Some marketplaces operate using other blockchain standards.
Many marketplaces are self-service platforms, including OpenSea and Rarible. Anybody can create an NFT here. In addition, if you want to register music, add licensed music through A.V. Mapping. In A.V. Mapping, you can upload your music easily and you can also sell your music work.
Other marketplaces are more selective about which creators use their sites. Other closed platforms include Foundation, Zora, SuperRare, and Nifty Gateway. It is probably best to create your first NFT on an open platform, even if you are waiting for a closed platform to accept your application.
5. Set up a Crypto Wallet
You will need to set up an account on a crypto site and create a secure wallet. You use your secure online wallet to store your crypto assets, and it is essential you use one that is secure. You have several choices for this, but a typical crypto wallet is MetaMask. MetaMask gives you a key vault, secure login, token wallet, and token exchange to manage your digital assets. You will use it whenever you need to connect to blockchain-based applications.
Obviously, you will need to ensure that you have set up a crypto wallet that matches the cryptocurrency used by the marketplace you intend to use.
You will need to link your crypto wallet to your account on the platform you intend to use. Also, you have to link your bank account to your crypto wallet account so that you can transfer traditional funds in and out of your crypto wallet.
6. Promote Your NFT
You can promote your freshly minted NFT on your website and social accounts.
One of the most efficient promotion techniques is public relations, which refers to developing a positive reputation within the community by sharing favorable information about you and your NFT collection. For example, If you register your music in A. V. Mapping, AI software matches films and videos automatically, so you can promote music naturally.
Also, it could be promoted by online advertising, including publications in niche newspapers and appearances on crypto podcasts, as well as social media promotion.
You could even consider approaching an influencer whose audience matches your target buyers to help your promotional activities.