How to Hit an NFT on Solana’s Solsea: A Step-by-Step Guide
Non-Fungible Tokens (NFTs) have been in the headlines throughout 2021 with projects such as CryptoPunks and Bored Monkey Yacht Club (BAYC) selling over 100,000 per NFT. These headlines sparked a boom throughout the NFT community, with hundreds of projects looking to capitalize on the hype.
Most NFT projects are created on the Ethereum Network as ERC-721 tokens; Ethereum historically holds the monopoly of the NFT market. However, NFT enthusiasts quickly noticed several issues stemming from a lack of efficiency in transactions. Not only were the transaction fees extremely high, but they also took a long time to process due to network congestion.
As a result, alternative diaper 1s like Solana have been created with the goal of developing cheaper and faster solutions.Solana offers users the ability to create NFTs that are both easier and cheaper to transfer. In this guide, we will explain how to create NFTs on Solana. Solseathe network’s largest NFT marketplace.
How to create your own NFTs on Solsea
Solsea is the most popular NFT market on Solana. It is compatible with several cryptocurrency wallets, however, for the purposes of this guide, we will be using a ghost wallet (Don’t worry, we’ll walk you through how to install it.)
Here is a step by step guide on how you can create your own NFT on Solsea.
Create and fund a shadow wallet
To mint an NFT on Solsea, you will need your own wallet. You can install wallets from your browser, the most popular crypto browser being Brave. In the future, it is expected that most wallets will be compatible with unencrypted browsers such as Chrome and Firefox.
Start by going to phantom.app and download the browser extension. Once the download is complete, the Phantom icon will appear in your extension button. Click on the icon and the installation will begin.
Create your portfolio
Once complete, a new page will open. Use this page to create a “New Wallet”. Upon creation, you will receive a recovery phrase. This can be used to recover your account. Be sure to write it down in several places and keep them in a safe place. If you lose this phrase, you could lose access to your account!
Once your wallet is created, Phantom will automatically be added to your browser.
Add funds to your wallet
To mint an NFT on Solsea, you will need Solana’s native cryptocurrency, SOL. Go to a crypto exchange (Coinbase Pro is the most popular) and buy SOL. Transfer your SOL to your Phantom Wallet by scanning the QR code or copying and pasting the wallet address. This transaction may take a few minutes. Once done, you can start knocking on Solsea.
Create a Solsea account
Connect your wallet
Your next step in creating an NFT on Solasea is to create an account. To get started, go to Solsea and connect your wallet using the “Connect Wallet Option”. Your Phantom extension will appear on your screen and ask for permission to connect.
Create your account details
After connecting your account, a Solsea login page will appear. Enter your primary email and a password of your choice. You will need to accept the terms and conditions to register. Once registered, Solasea will send you an email and your wallet will automatically connect to Solsea.
After this step, you are ready to hit your collection!
Hit your collection
Step 1: Fill in your collection details
Go to the “Create” tab and click on “Collection”. Here you can choose the name of your collection and a custom description.
After choosing a name, upload an icon image and a header. You can also link your website and social media pages to help engage with your audience.
2nd step: Create your collection
Once you’re happy with the details, click “Create Collection”. You will need to sign transactions to hit collection. Wait for collection to complete. If you are unsure whether this was successful or not, you can check your wallet to view your transaction history.
Step 3: Create your first NFT
Once the transaction is complete, go to your wallet and click on “My collection” to confirm that your information is correct.
Go to the “Create” tab and choose “NFT”. Here you can upload your NFT file. Solsea currently accepts the following formats: JPEG, GIF, PNG, MOV and MP4. Make sure your file format is supported.
Once uploaded, choose a title for your NFT and complete a short description.
How to set royalty payments on Solsea
As an NFT creator, you want to be able to profit from your collection. This is where royalty payments come in. Royalty payments determine how much you will earn from an NFT each time it is resold.
The % to choose from varies from 0% to 50% and can be based on your collection plans.
Step 5: Define additional details
After the royalty payment, you will see several additional fields such as an external link to your artwork page. Complete these details and choose the correct tag for your file type. This tag will determine where your collection will appear in searches.
Licenses: Solsea allows creators to embed licenses on NFTs. These licenses are a great way to specify what comes with your NFT. For example, access to a community, weekly reports or NFT mutations down the line. Add them to build trust with your buyers by letting them know exactly what they’re buying.
Step 6: Add Features
You are almost there now! All you have to do is add your traits to your collection. It can be unique colors and facial expressions, poses and accessories. Make sure you do them correctly, as you can’t change them once they’re hit.
After adding your traits, click “Mint NFT”. You will need to sign all transactions to complete this process.
Once signed, you are good to go! Click on “View your currency” to take a look at your first NFT!
Step 7: Add your NFT to your wallet
Your NFT will automatically be added to your Phantom Wallet. You can keep it there for personal use or you can list it. Once listed, your NFT will be removed from your wallet.
Step 8: List your NFT
Go to your wallet and click on “NFT in my wallet”. From there, click on “NFT List” and choose the price you want to list it at. Complete the list and your NFT will now appear in the “My Wallet” tab.
And just like that, you will have created and listed your very first NFT! Depending on the royalty rate you set, you will receive additional funding once an NFT is sold from one holder to another.
Use Solsea to list as many collections as you want
Creating and selling NFTs on Solana is relatively easy compared to many alternative marketplaces. It doesn’t require any special coding knowledge, so it’s a great starting point for new NFT creators.
Once you get used to the platform, you can use it to list as many collections as you want, creating and selling a range of NFT collections for people to enjoy.