This method of “digital art collective” is already being used by many artists and art collectors, and they’re making a lot of money.
Nonfungible.com says that in the last three years, about $400 million worth of NFTs have traded hands-on NFT markets.
It looks like the market for these digital assets is going to keep growing, and it will likely keep growing.
Getting a piece of the pie as an artist isn’t easy.
Start by reading our guide to NFTs and how they work.
There are a few things you need to do after this: figure out where you can sell your art as an NFT, and make some really cool art that you want to sell.
I want to sell my NFT’s. Where can I do that?
First, OpenSea.
OpenSea is now the largest NFT market in the world.
Art, virtual world materials, trading cards, domain names, collectibles, sports, and utility tokens are some of the things you can find on the site.
Indexes art from other NFT marketplaces, so it has a lot of different kinds of art to choose from. There are over 1 million pieces of art on the platform right now.
All of the items are priced in ETH. Some are sold for a set price, and others are sold in an auction.
If you want to sell your digital art on OpenSea, you can apply to do so. The team usually has to check it out before it can be sold to the public.
Artists can also set how much they get paid for their work.
2.
Raible is another good place to make and sell NFT art.
Everyone who uses the site, Rarible, has to pay in ETH for everything. You can either buy the item right away or start a bidding war.
However, if you want to get the most out of Rarible as an artist, you need to apply and get a badge from the team.
The approval process usually takes less than a week, and you need to show that your work isn’t already out there.
To get a verified badge, artists must also share links to their social media accounts. People who follow them and have a lot of interaction are some of the requirements for getting one.
Because their badge isn’t verified, artists may have a hard time getting customers.
Top sellers on Rarible make up to £100,000 a week. If a buyer resells their art for more money, they get 10% of that money.
Rarible has an OpenSea integration that lets artists use OpenSea to see and manage the assets they make on Rarible.
3. The rarest of the rare.
SuperRare says it’s a place where people can buy and sell “unique, one-of-a-kind digital art.”
3D, animation, painting, abstract, illustration, surrealism and many other types of art are some of the tags artists can use to list their work.
Because anyone can join SuperRare and start buying NFT art, it isn’t the same for artists, who have to pay to join.
At the time of this writing, SuperRare is still in beta, and artists who want to use it must fill out a form first.
Existing creators get 85 percent of the money they make when they sell an item. They also get a 10 percent royalty fee if someone else sells their work.
The buyer also pays a 3% transaction fee when they buy something, which goes to SuperRare.
NFT art can be sold at many places now that you know where you can sell it. The next step is to get your work out there.
To Sell NFT Art in 5 Steps:
1. Make a Web3 Wallet.
You need a wallet to make, send, and get non-fungible tokens (NFTs) because they are on the blockchain.
As part of the process, you also need to put money in your wallet so you can pay transaction fees when you make a transaction.
When you use an NFT platform that is built on Ethereum, you need to have a wallet that can be used to pay transaction fees. This wallet must be filled with ETH, the currency of the platform.
Most experts say that you should use the Metamask wallet extension on Chrome or any other browser you use.
The extension lets you connect to an NFT market and use other services right from your computer’s browser.
I have a guide on how to set up Metamask.
As soon as you set up and start Metamask, you will get a 12-word recovery phrase that you can use to get back into your account.
Back this up in a safe place and then copy your ETH address.
2. Add ETH to your wallet to pay for things like clothes.
When you buy ETH from an exchange or broker, send it to your Metamask ETH address.
When you use a broker like BC Bitcoin, all you have to do is give them your address when you buy coins. They will then send the coins to your address.
However, if you buy ETH on an exchange, you’ll have to take the money out after you do.
Most platforms let you pay for things with your credit or debit card or bank account.
Make sure you buy something and send at least £150 worth of ETH to your Metamask address.
3. Make sure your art is ready.
You should have your art done by now.
If you don’t, you can make your own unique piece of art.
Check out the marketplaces we talked about earlier to get ideas for what makes the best NFT art.
In order to make your NFT, you can choose to make a video, image, or 3D model. It can be up to 100MB.
This is the fourth step. You should put your work on an NFT Marketplace.
When you visit your favourite platform for making and selling NFTs, connect your Ethereum wallet to it.
At the time this tutorial was written, OpenSea.io was the most popular way to find a place to stay.
How to:
OpenSea lets you sign in with your Metamask wallet to get into the site.
If you want to use the website, click the blue icon on the top right of the screen, then sign in.
Approve the transaction that will keep your wallet safe.
Finally, the site takes you to your account page.
To choose a name, write a short bio.
Provide your e-mail address and finish the verification through your e-mail.
Submit NFT from the drop-down menu when you’re back on OpenSea.
Create under the title “Create New Collection.”
Give the collection a name, a description (1,000 words), and a logo (350*350).
Wait for a message that says the collection has been made.
Afterward, click Edit to change things like your header image, links to social media, payment currencies and royalties, the look of your site, and more!
Select “Submit Changes.” Then, go back to the Collection’s home page.
To make your NFT, click the Add New Item button in the Collections area.
Upload the artwork with other important information, like an external link and a description.
You can use information about the NFT you’re uploading, like when it was made and how many copies there are, to fill in Properties, Levels, and Stats. For example, if you’re uploading NFT 1 of 5, you can write “1 of 5” in Properties.
There is only one NFT that can be made at a time on OpenSea, so you can add another edition to the same collection.
Create the transaction by clicking on Metamask and then clicking OK.
Congrats!
You made your first NFT.
As soon as you’re done with your collection, go back to Edit. From there, you can turn on the option to send your collection to OpenSea for review and approval.
People will be able to see your art while it is being reviewed, but it will have the Unapproved Collection tag or warning sign on it.
It could take a few hours or even days for your NFT to be approved. When it shows up on OpenSea listings, it will have the Approved Collection tag.
Select one of your art items and click the link.
Post Your Listing: Choose your pricing model (fixed or auction) and choose how you want to price your item.
The wallet will ask you to use Metamask to sign the transaction, so do as it tells you to.
As soon as the transaction is approved on the network, your NFT will be available to anyone who wants it to be.
5. Share Your Content.
Social proof is one of the things that OpenSea and other marketplaces look for when they choose content creators.
Specifically, OpenSea wants you to list the number of social media accounts you manage and at least once share your NFT collection with the public.
So, make it a goal to let your fans know that you’re going to start making NFTs and spread the word as soon as you make your first batch.
Experts also say that releasing free edition NFTs on OpenSea is a good way to get more people to follow you and make more sales.
Don’t forget to add your upcoming NFT to our calendar to get more people to talk about it!
F.A.Q
There are a lot of things to know about royalties in NFTs.
When artists make NFT art and sell it on OpenSea and other platforms, they usually get up to 85% of the money from the first sale.
The royalty for a second sale by the person who bought the first one is about 10% or more, depending on the situation.
No, you can’t.
Yes.
The majority of NFT marketplaces are built on Ethereum. Other blockchains like Tezos, Binance Smart Chain, and Zilliqa can make NFTs for cheaper fees.
Ethereum is still the best choice because there are a lot of developers and users already investing in NFTs on the network.
In terms of money, how much can I make from selling my NFT art for money?
This, even though some NFTs have sold for huge prices, does not mean that artists will be able to sell their art for the same amount of money.
Thus, the amount of money you make from selling your NFT art would depend on how well you build up a following and how many people see your work when you list it on a well-known marketplace.
Conclusion
The process of making your first NFT art may not be easy.
However, it might be worth it if you want to reach a whole new group of people with your amazing art.
As more and more digital artists learn how to use NFTs, the market will get bigger.
When you start something new, you’ll be in a good position to teach people and make a name for yourself in an industry that many people think hasn’t yet reached its full potential.