Skip to main content

The Ultimate Guide to Creating Your Own Non-Fungible Token (NFT) without Writing a Line of Code

The advancement of the Blockchain technology creates new opportunities for new and existing businesses. One of the new use cases of Blockchain technology was to create a non-fungible token (NFT).

Do you have this great new business idea or getting ready to launch a startup, and you want to embrace the new world and create your own NFT? Do you have an existing business and want to know how to capitalize on a NFT without writing a single line of code?

We will guide you along the journey and help you in all aspects of NFT creation and distribution. You will learn how NFTs are working and show you how to easy it is to use our solution to create your own NFT and determine whether your business needs it.

Let’s dive into everything you need to know to build a successful NFT.

What is a NFT?

A non-fungible token (NFT) is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable. NFTs can represent digital files such as art, audio, videos, items in video games and other forms of creative work. While the digital files themselves are infinitely reproducible, the NFTs representing them are tracked on their underlying blockchains and provide buyers with proof of ownership. Blockchains network running on Omnibasis provide a token standard to define and use of NFTs.

NFTs can be used to turn digital creations, such as digital art, video game items, and music files into tangible commodity that is easily sold, verified and transferred. Access to any copy of the original file, however, is not restricted to the owner of the token.

NFTs should run on a proof-of-stake blockchain, such as Omnibasis platform.

NFTs are not mutually interchangeable, i.e. not fungible! An NFT is created by uploading a file, such as an artwork, to an NFT platform run by Omnibasis. This creates a copy of the file recorded on the digital ledger as an NFT, which can be bought with any currency and resold. Although an artist can sell an NFT representing a work, the artist can still retain the copyright to the work and create more NFTs of the same work. The buyer of the NFT does not gain exclusive access to the work, nor does the buyer gain possession of the "original" digital file. A person who uploads a certain work as an NFT does not have to prove that they are the original artist, as this creates a dilemma for the art forgery.

Anonymity, decentralization, and security are among its main features. A NFT is not regulated or tracked by any centralized authority, government, or bank.

NFT is a new phenomenon in our world and it is used just like a normal certificate of ownership but in a digital form and exists only in digital world. No single centralized platform controls the NFT and there is no central authority. NFT is based on a technology called Blockchain.

Blockchain is a decentralized peer-to-peer (P2P) network, which is comprised of data blocks that are based on encrypted data that is verified to be correct and agreed upon by all users and that cannot be changed retroactively. These blocks chronologically store information about transactions and adhere to a protocol for inter-node communication and validating new blocks. The data recorded in blocks cannot be altered without the alteration of all subsequent blocks.

Individuals and companies have embraced the benefits of the Blockchain and are starting to think about how to embrace those new NFTs.

Benefits of having your own NFT

 NFT can be used to cause artificial scarcity of a digital creative work by making only one NFT of that work with a unique signature. NFTs of artworks are therefore similar to autographed items. The unique identity and ownership of an NFT is verifiable via the blockchain ledger. NFTs have metadata that is processed through a cryptographic hash function, an algorithm that calculates a unique sequence of letters and numbers. NFTs are also used to create the possibility of asset interoperability across multiple platforms.

A growing list of the markets and industries are being disrupted by new ecosystems formed with the Blockchain technology and running on Omnibasis.

Here are a few reasons why you should create your own NFT today:

1.       Eliminating fraud risks - NFT is impossible to counterfeit and no party can reverse or change past transactions.

2.       Providing transaction anonymity - customers choose what information to share with the other party in the transaction.

3.       Cutting down operating costs - NFT is free from exchange or interest rates, as well as the high transaction charges traditional banks apply.

4.       Anytime, anywhere transactions - no holidays, no business hours or geographic location limitations, NFT transactions are borderless and instant.

5.       Providing security for certificates – with no central government in charge, NFT is a decentralized system, where no one can seize or freeze your assets.

Use for Digital Art

Digital art was an early use case for NFTs, because of the ability of blockchain technology to assure the unique signature and ownership of NFTs.

Use for Collectibles

NFTs can represent collectibles like card collections but in a digital format.


NFTs can also be used to represent in-game assets which are controlled by the user instead of the game developer. NFTs allow assets to be traded on third-party marketplaces without permission from the game developer

Use for Music & Videos

Exclusive contents like music and videos can be tokenized with NFT.

Use for Domain

NFT is being used as blockchain domains that represent particular crypto domains.

Use for Land Ownership

NFT acts like a real estate in the virtual world. Landowners can build and monetize their plots by leasing out.

How Does a NFT Work?

As mentioned, NFT is widely accepted use case of the Blockchain technology Distributed ledger technology is built on the consensus algorithms regulating the creation of new blocks. All participants in the P2P network have to accept a block for it to be registered on the Blockchain. There are several types of consensuses with PoW (proof-of-work), PoS (proof-of-stake), DPoS (delegated proof-of-stake), and PoA (proof-of-authority) among the most popular.

With Bitcoin, for example, a small amount of cryptocurrency paid every time a new block is created (consisting of the transfers of crypto currencies between users) and is used as a reward and incentive for Blockchain participants taking part in the consensus mechanism and closing blocks, i.e. allocating their processing power, stakes of coins, and other resources to support the transparency and trust of the Blockchain and to verify new blocks.

NFT holders can transfer NFT assets between wallets (theirs or other users) via the Blockchain addresses, exchange it for fiat money, or participate in cryptocurrency trading. Everyone on the network can view transactions, while the identities of the people behind these public addresses remain anonymous, as they are encrypted by unique keys that connect an individual to an account.

Difference between NFT and Coin

Blockchain based assets can be divided into two large subcategories – coins and tokens. They are both blockchain assets, but what is the difference between a coin and a token? It all comes down to these three points:

1.       A coin operates on its own Blockchain where all transactions occur while tokens can operate as a “different Type of transaction” on the existing Blockchain protocol. Examples include Bitcoin or Ethereum, all of which operate on a different Blockchain. If you want to create your own coins, you need to first create your own Blockchain. Do not worry, Omnibasis provides Blockchain-as-a-service, where you can launch your own Blockchain network without a need to worry about a physical infrastructure.

2.       A token works on top of an existing Blockchain infrastructure that can handle multiple types of tokens, like the Omnibasis platform or Ethereum (which really is a token that runs on its own Blockchain). Tokens are often used as smart contracts, that represent everything from the ownership or characteristics of physical objects to digital agreements about services, or the most common use case on today is to represent a NFT.

Anyone can use Omnibasis or Ethereum as the underlying technology to create a new token. Today, the primary use for tokens is a non-fungible token (NFT), which helps owners of unique asset to monetize it through a sale of those tokens to investors. This is one of the main reasons why individuals and companies are starting to consider the question of how to create a NFT in the first place.

In short: tokens are limited to a specific project, while coins can be used anywhere are considered an accepted store of value.

3.       Coins buy tokens but tokens can’t buy coins.

For example, think about tokens as your Frequent Flyer Miles while coins are the actual dollars in your wallet. You can use both to get an airplane ticket, but with the miles, most of the time, your choice will be limited to the airline that issued them, while with the actual dollars you can choose any airline you want.

You can buy frequent flyer miles using coins, but you cannot get real money using frequent flyer miles. So a cryptocurrency coin can be used to buy a business’s token, but you can’t buy a cryptocurrency coin using a token.

Advantages and Disadvantages of NFTs

Consider the following pros and cons of NFTs and why you should use a NFT.

Advantages of NFT:

1.       Decentralization

Built on the Blockchain, NFTs are independent from any authority and ensure that no one can dictate the rules for on how those NFTs are used and transferred by users and owners.

2.       Fast and unlimited transactions

A money transaction via 3rd party usually take a significant amount of time to be processed and settled. You will end up waiting for days to receive money. With NFTs, you can create an unlimited number of transactions and send it almost instantly to anyone with a crypto wallet, anywhere in the world.

3.       Low transaction fees

3rd parties charge considerable transaction fees, the larger amount of the transaction, the higher usually the fees. This doesn’t mean that you don’t need to pay a fee for NFTs transactions; however, the amount you need to pay is relatively small. For example, on Omnibasis, the cost of the transaction is as low as $0.01.

4.       Accepted internationally

The sender and the recipient of funds can be in different parts of the world to exchange NFTs and you will not encounter any currency conversion fees that always accompany international transactions during normal transfers.

5.       Transparency and anonymity

Thanks to the distributed nature of the Blockchain, every transaction is recorded and the record is immune to changes forever. In addition, if a NFTs address is not publicly confirmed, no one will know who made a transaction and who sent or received the NFTs.

The disadvantages of NFTs:

1.       Limited acceptance

Governments and countries are very hesitant about granting any NFTs their support. On the other hand, businesses and individuals using Omnibasis find a great use of NFTs in monetizing asset value.

2.       High volatility

Most well know cryptocurrencies, like Bitcoin for example, are highly volatile,. It is not a safe place to store value and highly risky to invest in cryptocurrencies, as you never know whether it will be a profitable investment or not. On another hand, businesses running on Omnibasis, often peg the value of their NFTs to some stable currency like a dollar to manage this risk.

3.       Transactions are non-reversible

Once you hit save and submit a transaction to the Blockchain, it will take a tiny amount of time to get recorded and once recorded it is not reversible. There is no way to reverse, back out or dispute a transaction. You still can send a request for a refund to your business partner and ask them to send the same amount back, but if it is declined, there is nothing you can do, as the value of the NFT was transferred to another party. On Omnibasis, users have an option to use a paraphrase to secure transactions. It creates an extra security and to verify it is really you before you click submit.

4.       NFTs security

When you store your money in the bank and lose your bank card, the bank will try to verify your identity with a government issued ID and will issue you another bank card. This is not the case with NFTs, if you lose your hard wallet device and forget the paraphrase or private key, you will lose the access to your NFTs wallet forever. If you lose your hard wallet, but still have your paraphrase or secret key, you can reclaim your wallet contents.
On Omnibasis, paraphrase is an option, in addition your private keys are triple encrypted and can be stored off-line.

Consider the above advantages and drawbacks when you evaluate a NFTs for your business or your asset monetization.

How to Create a NFT

If you are convinced that owning your NFT can boost your business or your asset value, let’s walk through the main steps you need to take to build your own NFT.

1.       Understand your use-case

What is the purpose of the NFT for your asset? Do you want to capture an intrinsic value to your unique assets? Do you want to use latest anti-fraud mechanism manages your collectibles in a secured environment? Do you seek transparency of the blockchain which offers to track each transaction among the community? Read why businesses large and small are turning to Blockchain technology.


2.       Choose a consensus mechanism

Consensus mechanisms are the protocols that consider a particular transaction legitimate and are used to agree on which transactions should be considered legitimate and will added to the block. There are a number of different protocols and your choice will tie you to one or another Blockchain platform.

A.      The proof of work (POW) is a common consensus algorithm used by the a popular NFTs networks like Ethereum, and requires high energy consumption and longer processing time by computers trying to solve a mathematical puzzle for every single block.

B.      The proof of stake (POS) is another common consensus algorithm that evolved as a low-cost, low-energy consuming alternative to POW algorithm. It involves the allocation of responsibility in determining the next blocks and hence maintaining the public ledger for each participant node in proportion to their stake in the outcome of the result (aka ownership of coins) and is most often implemented via the Byzantine Fault Tolerance mechanism.


3.       Pick a Blockchain platform

Your choice of a Blockchain platform will depend on the consensus mechanism you want to use. To give you a better idea of what is out there, here is a list of the most popular Blockchain platforms:

·       BigchainDB (supported on Omnibasis)

·       Ethereum – not recommended due to the lack of an enterprise support and use of the proof of work, which is a very slow in committing transactions


4.       Design the Blockchain Nodes

A node is an Internet-connected device that supports a Blockchain by storing the data to verify and process transactions. Blockchain depends on the node for efficiency, scalability, building transaction consensus, support, and security. With the proof of stake consensus mechanism, your Blockchain network should have at least four running nodes to reach a quorum (Consensus quota) for each block of transactions.

Here is a list of questions to answer when you are you designing your Blockchain nodes:

a.       What permissions and access will a node have to have? Private, public, or hybrid?

b.       Where each node will be hosted? On the cloud, on premise or both?

c.       What is the size of the node required in terms of hardware details, such as processors, memory, disk size, etc.?

d.       What is the nodes base operating system (most common choices would be Ubuntu or Windows)?


5.       Establish Blockchain architecture

Like with anything you build, a single family home, a high-rise or your business Blockchain, you need an architecture plan. Some of the questions will be answered by the Blockchain platform of your choice. The Omnibasis platform did a lot of work to answer some of those questions for you and is hiding all that plumbing under the hood with simple step by step configurations.
Make sure your Blockchain blueprint architecture answers the following topics:

a.       Permissions architecture - define how and by whom data can be accessed, how transactions are validated and completed and how new blocks are managed.

b.       Address format - what Blockchain address formats will be used and how do you form the address and manage it.

c.       Key format - what Blockchain key format will be used and how will you be generating the signatures for the transactions.

d.       Asset issuance - what are the rules for creating and listing assets.

e.       Asset transfer - what are the rules for asset management and transfers.

f.        Key management - what is a good system to store and protect the private keys granting the Blockchain access.

g.       Multi-signatures - define the number and level of keys/passwords your Blockchain will require to validate a transaction.

h.       Review parameters and estimate the maximum block size, define the rewards if any for block storage and mining and possible transaction limits.

i.         Native assets - what are the rules to govern a native currency issued in the Blockchain and how is it used.

j.         Block signatures - define how the Blockchain nodes are creating and validating the blocks and what will be required to sign them.

k.       Hand-shaking - what are the rules of how the nodes will identify themselves to each other when connecting.


6.       Integrated APIs

Make sure to verify that the Blockchain platform of your choice provides pre-built APIs for integration. If it does not, no worries, Omnibasis Blockchain integration provides easy to use user interface screens to manage and build your application on the Blockchain.


7.       Design User Interface

The Communication between your Blockchain and its participants require a well thought user and administrator interface. At Omnibasis, we built a user interface to take you through every steps of the Blockchain design and development without writing a single line of code.

Also consider how your Blockchain will communicate with the web, mail and data storage servers, external databases. What front end and programming languages you will it use (e.g. HTML5, CSS, PHP, C#, Java, Javascript, Python, and Ruby).


Launch your NFT on Omnibasis without single line of code


In just a few steps you can build and launch your own NFT on Omnibasis.

1.       Pick a great name.

2.       Describe the value of the asset in NFT.

3.       Choose your Blockchain platform and configuration.

4.       Design your NFT and describe the asset.

5.       Use an intuitive and comprehensive user interface.

6.       Market your NFT.

Let’s walk through each step one at a time.

1.      Pick a great name.

Get people excited about your NFT with a great name. The name of the NFT needs to incite curiosity and interest to urge buyer why they should purchase your NFT.

2.      Describe the value of the asset in NFT.

Just like a real asset, you need to offer them something valuable in return to make sure the NFT matches the value of the asset that backs it. For example, if you're offering NFT as part of your art piece ownership, assign a monetary value to your NFT so customers can visualize what they buy. Omnibasis makes it easy for you and your customer to convert NFT to any currency of your choice.

3.      Choose your Blockchain platform and configuration.

Omnibasis platform is running on the enterprise Blockchain powered by BigchainDB. In addition, Omnibasis supports a variety of Blockchain networks that you can run yourself and just connect to. We also offer “Blockchain-network-as-a-service” – where we will run the Blockchain network for you. Choose your use case: do you want to run your own Blockchain network or put your resources into building your NFT business and leave the plumbing to the experts.

Regardless of your choice, Omnibasis is here to support your business case with easy-to-use user interface screens to help you configure and run your NFT.

4.      Design your NFT and describe the asset.

Design your NFT. With Omnibasis, it is one simple Settings screen. Choose the level of security, how the assets are encrypted and what is required to create and exchange the assets. With a few clicks your NFT will be created. Visit our step-by-step guide to learn how to.

5.      Use an intuitive and comprehensive user interface.

We already did all the hard work for you. Do you need a wallet, no worries, done! Do you need an email server integration, done! Do you need your customer or user registration, done! Do you need a cool looking website, done! Do you need SSL, you got one for FREE on us, our compliments to maintain your site security. All you need to do is upload your business logo, and decide on the user workflow through your application.

6.      Market your NFT.

Now that you have launched your NFT you can provide more multiple opportunities for your customers and business partners to engage and extend the value your asset. We give you all the tools you need to start marketing your NFT.


Build your NFT for free on Omnibasis today! Learn more about NFT platform on Omnibasis.

About Omnibasis

Omnibasis is a business management solution to run your sales, marketing, commerce, and operations powered by Blockchain technology. Visit to meet the operating system for your business.


Popular posts from this blog

The Ultimate Guide to Digital ID with Mobile Wallet

In this guide you learn everything you need to know about Digital ID wallet and proving your identity with a greater privacy and all your ID credentials at hand on your mobile device. Make A Case for Digital ID How many identity cards do you have in your wallet? Go ahead, open your wallet and count. I counted at least 5: driver license, car insurance, health insurance, dentist insurance, and eye & vision insurance. All these traditional documents have served us well but in a changing world with all of us carrying around a mobile device, our phones can take over the function of those documents. Identity documents like insurance card, national ID cards, driver license all prime target to be wallet items to digitized into the mobile phone. Digital IDs have the power to transform business processes dramatically with new trust, privacy-protection, and security like never before. Products like Omnibasis Digital ID based on omniPass allows customers to benefit from a secure and trus

Digital Proof of Insurance with Mobile Wallet

Digital Proof of Insurance (DPI) refers to an electronic version of an insurance card or policy that can be displayed on a mobile device or computer. DPI is a convenient alternative to traditional paper insurance cards that are often easily misplaced or damaged. Insurance companies around the world are turning to Omnibasis and omniPass solution to offer the option of a digital proof of insurance, allowing policyholders to access their insurance information through a mobile app or online portal hosted by Omnibasis with a branded white label site. For car insurance, most states in United States also allow drivers to show their DPI during a traffic stop, rather than requiring a physical insurance card. Mobile Wallet Introduction Users do not want to download yet another app on their mobile device and prefer to use a mobile wallet. A mobile wallet is a digital platform that allows users to store payment information, loyalty cards, and other types of digital content in a single, c