How to Become an NFT Creator on OpenSea 2022

Even if you are getting started in the NFT space and becoming an NFT creator, you need to learn a lot more before launching your NFT collection. So, first of all, let’s look at what OpenSea is and what it does.

What is OpenSea?

OpenSea is a blockchain-based marketplace crypto asset that trades Non-Fungible Tokens (NFT), crypto-collectibles, and cryptogams. To buy/sell these digital assets from this exchange, users need to have a registered account with the OpenSea website.

If you want to become an NFT creator on OpenSea, you can do that by creating your account and start uploading your NFT collection to your account.

How to Become an NFT Creator on OpenSea

You need to buy or sell your NFT collection. But, first, you need to register yourself and have an OpenSea account.

To create an OpenSea account, you will need a crypto wallet. “MetaMask” is one of the most reliable and secure wallets that you can link to your account.
Open the chrome extension, download the “MetaMask” extension, and register yourself on the MetaMask wallet by providing information to complete your KYC.
Once you’ve successfully created your MetaMask wallet, open an OpenSea account and click on the “Profile” button.
When prompted, click on “MetaMask” and connect your wallet.
Your OpenSea account is now successfully connected with the “MetaMask” wallet.

If Metamask is not your speed, a Coinbase Wallet is a great alternative!

Once your wallet is connected, you can now upload your NFT collection as a NFT creator. But, before uploading, make sure your art collection is valuable to your audience, which will make your art sale successful. Many successful projects such as BAYC, CryptoPunk, and many more.

How to upload your NFT collection to OpenSea

An NFT collection is a digital store that possesses digital art. Creating that store is called Minting. To set up your collection, follow these steps:

Go to your OpenSea profile, click on “My Collection,” and click on “Create.”
Fill out all the necessary information, including the collection’s name, description logo, and your NFT social media accounts.
Now add your NFT collection below by clicking on “add items to your collection.”
Add a name and detailed description of your art collection.
Click on “Unlockable Content” if your art collection has any unique content that will be provided when the audience purchases the NFT.
Enter the number of copies that can be minted
Select the issuing blockchain
Click on “Create,” Your NFT will be live for sale. Now you are an NFT Creator!

You can sell your NFT at your desired price or auction it to the highest bidder. However, every transaction of your NFT will be charged with OpenSea 2.5% transaction charges.

How Much Does It Cost to Mint an NFT on OpenSea?

Fees on OpenSea are paid in Ethereum (ETH). This means that the gas fees vary depending on the current value of Ethereum (ETH) in your currency. For example, your account’s initial account set-up fee and start selling your art collection might be anywhere from $70 to $300. The second fee will be around $10 to $30, respectively, and will grant OpenSea access to your Non-Fungible Token (NFTs).

These fees, on the other hand, are related to Ethereum’s blockchain transactions. As a result, they require some processing power to produce. You pay a “gas fee” to compensate for the energy used. The price may be greater or lower depending on the current gas price.

You can check the current gas fees here.

Why Mint on OpenSea?

OpenSea is the most popular platform for buying and selling NFT. If these NFTs are minted elsewhere, they will have less visibility and less likelihood of closing the purchase.

As a result, most merchants use this platform to showcase their most excellent work. You can achieve it with a bit of research and ingenuity. And you now have a clear idea of where to begin.

OpenSea Supported Blockchains

OpenSea currently supports Ethereum (ETH), Polygon (MATIC), and Klatyn (KLAY) over several blockchains. Let’s look at the significant differences between each blockchain in this article.

Ethereum: A more cutting-edge and advanced system for the general public to implement smart contracts, cryptocurrency, decentralized apps, and ICOs.

Polygon: An even simpler solution with cheaper entry-level fees suitable for just about anyone serious about making money in gambling or investing.

Klatyn: Ideal for smaller businesses or entrepreneurs who want to get into cryptocurrencies without dealing with tiring “blockchain” terminology such as smart contracts and ICOs.

What if you lose your OpenSea Account/Wallet

Imagine you are a brand new NFT creator and you just bought a brand new wallet and stored your crypto coins and NFTs. But then some unfortunate event happened while you were carrying around your new wallet. Now that you no longer have the wallet it is hard to trust the only copy of your keys.

There are two main questions that need to be asked:

Did I lose the wallet itself?
Did I also lose my keys?

It is simple to find out if you have lost the wallet in the first case. All you need is to look at your crypto portfolio and see if all of your coins are listed in another wallet for which there is a transaction history when you last had access. If this is the case, you have indeed lost one or several of your assets.

The good news is that after some time has passed and all assets were moved by someone else, it becomes harder to prove that they have been lost intentionally versus accidentally. The bad news is that the chances of getting your coins back are meager.

In the second case where you lose the keys, more work is needed to find out if you are affected. Let’s assume that you have lost your wallet but were able to save one of your private keys in a safe place or on a paper or something similar.

For no other reason than we need to go through all the possible causes, let’s assume that we also lost our backup key (key slots). In this case, you have lost all your assets forever. Why? It is because you cannot spend your money without having access to both (the private and public keys) at the time of spending.

Conclusion

OpenSea is the number one choice for NFT creators to upload their art collection and make some good money. To mint a successful NFT art collection, your art should be valuable and have some fan following of your digital art that will help generate business.

But the major drawback is its high gas fees during transactions of the NFT collection which skyrockets the price of each transaction. But still, creators prefer OpenSea to mint their NFT.

Now that you are an NFT creator of OpenSea, check out our guide on how to promote NFT Art on OpenSea! Good luck fellow NFT creator!