What Are NFTs and How to Mint and Sell an NFT on Kollect Marketplace

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It’s 2022, and no doubt you’ve heard of NFTs because they’re everywhere from Twitter to news channels, everyone’s talking about them. Simply put, NFTs are unique digital assets stored in the Blockchain. We will learn more about NFT in this article as well as how to embed and sell your own NFT in the Kollect Marketplace.

What are NFTs

NFTs (Non-Fungible Tokens) are tokens that can be used to indicate ownership of unique items. In other words, fungible refers to anything that may be replaced. As a result, the term “unchangeable” refers to something that cannot be replaced.

Cryptocurrencies and physical money are both “changeable”, meaning they can be traded or exchanged. However, different NFTs, an unchangeable token has clear features that ensure that two unchangeable entities will never be the same.

Images, art, music, tweets, and other digital files can be easily stored as NFT to identify the original copy.

Now that you have a good understanding of “what is NFT”, let’s learn more about “How to embed and sell your own NFT”

Collect Marketplace

Powered by Nervos Network, Kollect is an NFT market where users can sell and buy NFTs. It is built on $ CKB, a cryptocurrency similar to Bitcoin that can be used as a secure storehouse of value.

In this guide, we will use the Kollect Marketplace to embed and sell our NFT.

Register an account in Kollect

The first step is to sign up for a Kollect account. To do this, go to Collection site And click the sign up button above. Kollect uses unipass for authentication, so you will be prompted to register in another window.

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In the next step, you need to enter your email, after clicking “Send”, you should receive a six-digit email number that you can use to verify your address.
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After this step, you will be prompted to create a password, which you will need to fill in, a password and confirm the password entry, and then click Next. And with that, your account is successfully created. The collector will then ask you to sign the message and create a pin.

Once you have completed all these steps, all you have to do now is type your name in the popup window, and the registration process will be complete.

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Uploading and selling NFTs in Kollect

You can now upload your first NFT after successfully creating a Kollect account. On the Kollect website, right-click and you will be directed to a page where you can upload your NFT.

At the time of writing this article, the NFT ring costs $ 400 CKB = $ 8.01. You can deposit CKB to your Kollect account from your CKB wallet (you can enter your account address Collect a wallet page).

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You just need to give information about your NFT on this page, such as its name, description, image and so on. The best part of the collection is that it is simple and direct.

Let’s go through each step one by one to understand more about it.

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  • You need to upload your NFT image at this initial stage (Kollect accepts JPG, PNG, GIF, SVG, and the maximum size is 40MB). Then, on the right side, enter your name, description and type in NFT, as well as select Collection.

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  • Next, you can add an external link to your NFT and choose whether to sell it at a fixed price or at an auction. If you choose a fixed price, you must enter the price of your NFT and the start date; However, if you choose an auction, you must provide the start and end dates.

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Once you have finished filling in all the fields and you are ready, just press the sell button, and your NFT will drown in 30 to 60 minutes.

Summary

This is this article. I hope you found this article useful, if you need any help please let me know in the comments section.

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👋 Thanks for reading, see you next time

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