Rainbow Moon 'Half A Millionaire', 'Crafting Novice', 'Pro Crafter' & 'Extreme Crafter' Trophy Guides

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Trophy Descriptions
Half a Millionaire: Accumulate 500,000 Rainbow Coins in your inventory.
Crafting Novice: Improve your weapons or armor at the crafting shop for 10 times.
Pro Crafter: Improve your weapons or armor at the crafting shop for 50 times.
Extreme Crafter: Improve your weapons or armor at the crafting shop for 250 times.

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Trophy Type
Half a Millionaire: Silver
Crafting Novice: Bronze
Pro Crafter: Bronze
Extreme Crafter: Silver

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Text Tutorial(s)
Half a Millionaire: To obtain this trophy you must have 500000 or more Rainbow Coins in your inventory. You can also use the lottery to earn Rainbow Coins by betting 35k Rainbow Coins and winning the S-class prizes for then to sell them for like 50k Rainbow Coins. Or you can purchase DLCs from the PS Store, like the Rainbow Moon 270,000 Rainbow Coins DLC.
Crafting Novice: Craft 10 times to obtain this trophy.
Pro Crafter: Craft 50 times to obtain this trophy.
Extreme Crafter: Craft 250 times to obtain this trophy.
Crafting is done by talking to someone with a hammer in a dialogue box over their head. They are located all over the game. Here you can select an equipment and upgrade it with various materials. Be aware that each equipment can only be crafted a select number of times, in the game it's called slots. Certain Materials might not seem to give you any stat increase, but they could give you some kind of special skill or condition if you use them to craft the equipment, but they can only have one skill and one condition at a time.
Here are a few tips.

When you craft does not matter. After the Half a Millionaire trophy, you can purchase a lot of armor and weapons and just craft all you like. You will find more than enough crafting materials.
Crafting Materials scale with the enemies they are dropped by. Later in the game you will find many of the same crafting materials, just much stronger. You will be upgrading your equipment many times, so don't be afraid to craft your equipment with "bad" crafting materials.
You can put bad crafting materials on all the old equipment you got before you sell it. That way you don't lose as much by crafting the materials instead of selling them, and you don't need to purchase equipment to craft them later.