How To Create A Real Estate NFT
As with anything in real estate, it starts with creating a listing for what you’re looking to buy or sell. Minting an NFT is no different from creating a listing on any real estate site. You think of a title, description, add some pictures and select some basic features like square footage/acreage, number of bedrooms, etc. In fact, your property already has a listing somewhere with all this information you can copy and paste.
To start, decide whether you want to create the NFT listing yourself or have us do it. If you’ve never transacted in cryptocurrency before, we suggest doing it with us and letting us walk you through the first time. If you’re creating the NFT for a home in the US, you can now simply claim it from our CLAIM page.
To do it yourself, visit a minting site like OpenSea, Mintable, or Mintbase and follow their instructions. You’ll need to have a cryptocurrency account, a wallet (like Metamask), buy some cryptocurrency and follow the minting site’s instructions.
Once your NFT is minted, you’ll have to create an auction/sale to make your listing live and set a price. You can again do this on the site you minted the NFT or submit your NFT on our listing page and we can add it on our marketplace. We and other minting sites make money mainly by charging a percentage of sales proceeds. OpenSea currently charges 2.5% and we charge 1%.
Once the sale is live, don’t assume it will automatically be sold. Most NFT sales to date are heavily marketed, so you should think about a listing that people will actually want to pay and use us as a complementary channel. We can help actively market your listing for an additional fee. As we grow, we will bring an organic market to your listing. If you contact us on our homepage form, we can guide you through the whole process.
In fact, we just announced we will be creating an NFT for every home in the US this year, saving you from having to create the NFT yourself. You can claim yours here.