I believe it's possible to start creating 12 character account names on EOS already. If true, what are the steps to create a free account name?

It takes an existing account on the EOS main net in order to create a new one.

You can create one using cleos by Block One or if you prefer a GUI interface you can use this toolkit by Genereos.io.

Short video guide

If you don't have an EOS account yet, you need to go through an account creation tool like the one I built: https://eos-account-creator.com/

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