OpenSea is a popular NFT marketplace, holding millions of NFT collectibles. Not only that, Opensea has one of the lowest fees for NFT transactions.
Though their fees are very friendly, some digital artists are scared of beginning their journey into NFT because of minting fees. The question now remains: How Much Does It Cost To Create NFT On OpenSea?
In this post, I will show you how much it costs to create an NFT in OpenSea and give you some tips on how you can begin minting your own NFTs.
Table of Contents
What You Will Need to create NFT on OpenSea
Before talking about how much it costs to create NFT on Opensea, let’s go through users’ eligibility to mint NFT on Opensea.
To mint NFT on Opensea, the two major things you need are a cryptocurrency wallet (Metamask, coinbase, walletconnect, phantom, glow, etc.) and your unique digital asset, which you want to upload as your NFTs. Other requirements are to give your projects a name, description, logo, and banner.
What Crypto Wallet Can I Connect To Opensea For minting My NFT?
You can connect Metamask, coinbase, walletconnect, phantom, glow, etc to OpenSea for minting your NFTs. Just go to OpenSea/login and click on the “wallet icon” at the top right corner to start connecting your wallet.
How Do I Mint My NFT on OpenSea?
The process of minting your own NFTs on OpenSea is very simple. First, you will need to create a crypto wallet account with Metamask (or other supported wallet) and connect it to the Opensea marketplace. Next, you’ll need to upload your files by selecting the Create option from the NFT menu.
Recommended: How To Create NFT For Free On OpenSea
How Much Does it Cost to Create NFT on OpenSea?
The amount it costs to mint NFTs on OpenSea depends on the network type which you have selected. If you have chosen polygon as your network type, you can mint and list your NFTs absolutely for free on Opensea.
However, if you are using Ethereum as your network type, you will have to pay an initialization fee if you are minting for the first time. The cost of this initialization is usually between $100 and $300.
After initializing your account, you can start minting your NFTs based on ethereum for free. OpenSea allows users to mint NFT without paying an upfront fee. The gas fee related to the minting is transferred to the customer that buys your NFT.
Talking about their transaction fees, OpenSea charges 2.5% for any transaction made during the buying and selling of NFTs.
Also, OpenSea allows users to set up 10% royalty fees for passive monetization of their artwork.
Can I create my own NFT on OpenSea?
Yes, as long as you have your art work ready and have a crypto wallet like Metamask, you can create your NFT on OpenSea. The process is very simple. You can do that by selecting the Create Icon to begin uploading your artwork. After that, you will select the “list icon” to give your NFT price and launch it for sale.
See Full Detail on: How to Mint NFT on OpenSea.
Final Thoughts
Overall, the process of creating an NFT on Opensea is fairly straightforward and free. However, there are a few things to keep in mind. To begin with, the file you upload must be less than 100MB in size and be an image, video, audio, or 3D model file. Then make sure you have a good idea of what you’re doing before you start creating NFTs!
Disclaimer:
The information on this page is based on our experience and the research we have done and should not influence your financial decision. Please conduct thorough research before making any major financial decisions.
You can refer to our disclaimer page to know how you should treat information on this website.
Related: Why some NFTs are Free on Opensea