NFTs app / 6 min read

Can I use Reptile to build my own NFT native app?

Reptile is a brand new no-code web development platform that allows users with no coding knowledge to build highly functional and professional mobile apps and websites simultaneously (this differentiates Reptiles from other platforms!). Of course, these include NFTs platforms, blogs, news, community sites and much more.

In this blog I’m focusing on non-fungible tokens (NFTs) marketplaces app and website, how to list an NFTs platform, some basic information on how to sell and buy them, and, perhaps, even make some money.

Let’s start with the question: What is an NFT?

NFTs are non-fungible tokens, and they are the latest mania in the world.

In short, an NFT is a digital asset with a digital fingerprint. This means only one person can own the original at any given time. Think of it as, a digital asset with a digital certificate of authenticity. These are a lot more secure than most physical products.

From small businesses to big ones, people like you and me are interested and want to be part of that trend.

In 2021, Bloomberg shared an article from the blockchain analytics firm Chainalysis Inc and their estimate that “Nearly $41 billion worth of cryptocurrency was sent to two types of Ethereum smart contracts associated with NFT marketplaces and collections from the beginning of 2021 through mid-December.”

These figures confirm that some people are making big money with NFTs and I’m sure, many are now thinking about joining the hunt. If you are at the start line, this basic information from Reptile should be a helpful guide on how to have fun and, perhaps, maybe also make some money.

Are you new to NFTs?

Reading about NFTs it seems that everyone (apart from me and a few others…) is making money off those digital artworks that seem to be the next investment fever!

But I (and you) can own a digital asset and you can learn how to make your own NFT platform to have fun – you’ll be surprised how easy it is.

You can create and sell anything digital, for example, images, videos, music, visual arts, properties and more. If you’re a creative person, you might have even more ideas about what to sell. Here is another article on NFTs for beginners if you want to take a look.

How can I list an NFT?

You can either use the existing Ethereum network (ETH) which will cost you an amount that depends on various factors including network congestion, etc, or any of multiple other marketplaces (see below). Just be very aware that you’re not paying out more than you make off selling your NFTs on any platform.

To boost your NFTs, you can start by creating a free account to make a promotion app on Reptile (no coding knowledge necessary to build highly functional and professional mobile apps). It's easy to make and will help to get traction for your product (the most difficult part in the NFT marketplace!). 

The big advantage is, if you have your NFTs promotion page, you can also advertise it on the marketplaces or commercial centres. In addition to ETH there are marketplaces like OpenSea (the largest), Mintable (hot on the heels of OpenSea), Rarible and others. Just be aware you’ll have to pay a small fee to those platforms.

Let’s talk about money, ahem … digital currency

Some platforms allow credit cards to be used, but the vast majority of sites where you can buy and sell NFTs require you to use crypto or digital currency.

You'll need to establish a wallet for the currency of your choice.

You use this wallet where your digital currency will live. One of these is a browser extension called MetaMask - https://metamask.io/download/

Of course, you’ll need a password and also a memorable phrase (in case you’ve forgotten your password). Once you’ve downloaded the browser extension, it’ll guide you on what to do next.

Once it's all set up, you'll need to buy some currency (just a small amount to start you off) to pay for the expenses of 'stamping' your NFTs (NFTs are 'stamped' with a unique identifying code stored on blockchain). 

Selling and buying NFTs – become a trader

Depending on what you have on offer, the commercial center will either stamp your work as one unique piece or a collection or an assortment. giving it a name and then setting a deal cost (see above mention about expenses for stamping which is also known as 'gas fee').

Once the gas fee has been paid, the stamped NFT goes live on the commercial center in only seconds and anybody is allowed to make a bid. Fingers crossed and your NFT is in demand and you might want to make a deal with the buyer. The commercial center will then handle the transfer from the seller to the buyer and will transfer the digital currency to your wallet (minus expenses and fees...).

If you buy an NFT, it's yours! You can either keep it as a collectible, put it on show, use it for a bigger project or sell it again! 

If you are a creative person (filmmaker, writer, painter, musician and the like) you can turn your digital asset into an NFT and sell it (or 'mint' it) on the marketplace.

There are more ways to sell and buy NFTs:

• Rent out NFTs: maybe the best way to earn money and there are specialist platforms like reNFT 
• Royalty: no, these are not THE royals … you’ve probably heard of royalty in the music scene, and you can also apply this to your NFTs –these are legally binding payments made to an individual or company for the ongoing use of their assets (see https://www.investopedia.com/terms/r/royalty.asp) 
• Collectibles: do you still have some card collectibles from 30 years ago? Use them and sell them. Don’t forget, they need to be licensed 
• Staking: that means ‘locking away’ or depositing the NFTs into a De-Fi protocol smart contract to generate earnings

I hope, this basic information from Reptile should be a helpful guide on how to have fun and maybe also perhaps make some money.

Please be aware that you’ll be charged to sell NFTs and there’ll be transaction fees and operating fees (like other auction platforms).

NFT promoter

Try no-code Reptile to make your digital art platform. Reptile has all the templates, widgets, colours and fonts to help you create your own art display in just a few minutes. And maybe you’ll be earning money from your NFTs soon!

If that's not enough and you want to create more apps, Reptile allows you to build highly functional and professional mobile apps and websites simultaneously!

For example, if you want to create a blog or a community site, have daily, weekly or monthly news, videos that you want to share with your audience, Reptile offers a simple and fast way to be a creator.

A brand you can trust

We at Reptile are continuously looking for ways to improve things using technology. As such, we’ve built many apps that we’re proud of, and if you are interested, here is a link to a few of our recent achievements we’d like to share with you.

Questions?

We hope that this blog helps you to understand the way Reptile works and how simple it is to use yourself. If you decide to create an app, please contact us to help you to accelerate your native mobile app to bring your product to market as fast as possible.

Design beautiful apps with us – call us on (+44) 207 183 3690 or send us an email info@reptile.app

 

Graphic photo by Garvit on Unsplash

Money photo by Kanchanara on Unsplash

Buy Sell photo by Kelly Sikkema on Unsplash