Non-fungible tokens (NFTs) are becoming more popular not only in the virtual currency industry but all over the world.
This growing popularity has led many people to look up how to make NFT art and join the craze.
Non-fungible tokens are digital assets built on the blockchain that represent rare and unique items like virtual real estate, digital art, collectible sports cards, and many more. They are made with this technology.
It makes money for a lot of people, both the people who trade (collect) and the people who make them (artists).
This article will show how digital artists can benefit from making NFT art.
It also gives you a step-by-step guide on how to make NFT art and answers common questions about the new field.
Because you’re an artist, you should make an NFT.
Throughout history, artists have had a hard time making more money from their work even when the value has gone up.
But, this isn’t right for NFT art.
If you are an artist, you may want to think about making an NFT for these three main reasons:
When artists sell their digital art tokens, they don’t only make money once, but they can keep making money as long as those tokens are around.
You can add royalties to your digital art, which means that when the art is sold to a new person, you get a share of the profit.
The percentage that is built into the art can range from 2.5% to 10%, and this means that you will get interest on the sale of the NFT art for the rest of your life.
You don’t have to spend money on auction houses or art galleries because the NFT art sale is done online through peer-to-peer marketplaces.
This lets you keep a lot of the money you make from sales.
Even though anyone can see your digital art token, link to it, or download it at any time, only one person owns the token at a time.
Once it is on the blockchain, it has an unmistakable certificate of authenticity because the creator, purchase price, and subsequent owners and acquisition prices are all visible and move with the piece. This makes it impossible to fake the piece’s authenticity.
This helps make the art world more transparent than it has ever been before.
A detailed step-by-step guide to making NFT art is in the next section.
Six Steps to Make NFT Art.
You can make a digital art token by following the steps below:
Select an NFT Marketplace from the drop-down menu above
(OpenSea.io is the largest NFT Marketplace in the world).
This is the first step to making your NFT art.
There are two types of this peer-to-peer market that you can choose from:
Curated Platforms: Only artists who have been approved can mint or create digital art tokens in this category of the NFT marketplace.
They are mostly interested in high-quality digital art tokens, not just cheap and simple collectibles.
curated NFT markets like SuperRare are on platforms like this.
They charge more for transactions and don’t give you as much control over the royalty percentages you can put into your art.
Self-Service Platforms: This category of the peer-to-peer market lets anyone make their own NFT with whatever they want.
So, you can make your own with either a picture, a video, or a sound file.
It also lets you set how much of a royalty you want to charge for each sale of a token.
In this group, platforms like OpenSea and Rarible are found.
Risk: There are usually too many imitators and fraudsters in this type of NFT market.
The next step is to choose the marketplace you want to use and set up an account with it.
As a result, this article says it will be easy to understand. It uses the OpenSea marketplace as an example of how to make a digital arts token in this case.
It’s time to set up a digital wallet.
The next step is to make a digital wallet where you can keep both your cryptocurrencies and your NFTs safe.
Yes, cryptocurrencies, specifically Ether, are used in the process of making NFTs.
There are a lot of NFTs that are made on the Ethereum blockchain. If you have Ether, that would help.
A fee called the “gas fee” is paid before you can list any tokens you’ve made. This fee is paid on the Ethereum blockchain.
If you want to make NFTs, OpenSea usually tells you to use the MetaMask cryptocurrency wallet’s Chrome extension, buy ETH, and start making them.
That’s not the only thing that could happen. You could already have another cryptocurrency wallet with ETH in it.
That way, you can make a Metamask wallet and move the ETH from your old wallet to the Metamask wallet.
To pay for gas fees while making an NFT, you’ll need about £10 to £200 worth of ETH.
In that case, move on to the next step.
Make your own collection
At this point, you haven’t made your digital arts token yet, but you will soon.
To get to your collections on your OpenSea account, click on “MY COLLECTIONS” in the upper right corner of the screen.
It is a place where you can show off your digital art, like a store or gallery.
Now, you need to make your collection unique by giving it a name, writing a description, and uploading a picture.
This makes it easier for you to show off your art when you’ve done it.
It’s time to make your own digital arts token.
Finally, you’re ready to start the main part of making your NFT: building it.
To add a new item, click on the “Add New Item” button. It will show you how to add metadata, which includes visual (JPG, PNG, GIF, etc.), audio (MP3, etc.), and 3D files (GLB, etc.) You can also give your token a name and choose a colour.
You can mint as many tokens as you want, but you have to do it one at a time.
It is also important to think about how many copies of the same token you want to make.
Stand-alone Token: This means that you can only make one of that digital art token, making it even more valuable.
This is where you make as many copies of the same token as you can.
You only need to add the edition number to each copy to tell them apart.
Next, you can add properties, levels, and stats where they’re relevant. This will help buyers who are looking through your collection find the art they want.
Some properties can be things like the date that you made the token or how much money you had in your account.
Add all of the necessary information, including social links and updated images. Then click “Create” to add your NFT to the blockchain, and ETH would be used to pay for approval and gas fees at this point, so make sure you have enough.
Before you choose which payment tokens you want to accept for your digital art, you can also decide how much you want to charge.
You can also choose how much of a royalty you want to get when your art is sold again.
Putting Your Artwork on the market
Next, you need to put your NFTs on sale.
You can choose between a fixed-price listing or an auction where you can set your own price, or you can choose both.
First, you will have to pay a fee for gas if this is your first time making and selling an NFT.
On social media, show off your work.
To have a better chance of selling your work, you will need a lot of fans.
So, you need to share your direct link with people who might want to buy your art and promote your work on social media to help people find it.
Can you make NFT art without writing any code?
Make your NFT art without writing down any codes.
The example above is how to make a digital art token without writing any code.
People who are just getting started with digital art tokens will like this one. It will help you get started on the right path to owning your digital art tokens.
Some NFT platforms, on the other hand, give you a step-by-step guide on how to do it. As long as you can connect to the internet, you should be able to do it.
F.A.Q
No, NFTs are not cryptocurencies.
NFTs are a type of cryptographic token, but they are very different from cryptocurrencies, which are also cryptographic.
This is because they can’t be used together.
To exchange them for each other, cryptocurrencies must be worth the same amount.
This is an example: For example, you can trade one bitcoin for another without changing the value.
Then, you can’t exchange a non-fungible token for another at the same rate as you can with another.
It doesn’t matter if two NFTs come from the same pack.
What are the risks of NFTs?
People don’t always like making and trading NFTs.
There are a lot of things that could go wrong.
They also have:
To many new investors want to get quick returns on their money. This makes the market very speculative.
This makes it more likely that people will lose money, especially if the initial “hype” dies down.
As a result, the price of NFT will rise or fall because of high gas fees.
Sometimes, if the tokens are too expensive and don’t have much value, it scares away potential buyers and makes the creator lose money.
You might not sell your NFTs right away.
You might not be able to find your work in the sea of other art. You’ll have to work hard to get it noticed by collectors.
Having a lot of fans would also help you sell your tokens for a lot of money.
To buy and sell NFTs, where can I go?
Unlike cryptocurrencies, NFTs are not traded on exchanges because they can be changed.
Peer-to-peer marketplaces, on the other hand, allow people to buy and sell things they want and need.
Examples include OpenSea, Rarible, SuperRare, Maker’s Place, and so on.
Conclusion
The NFT market is still very new, but there are a lot of chances for it to grow.
NFT was worth less than £30 million a few years ago.
However, in the last few months, the market for non-fungible tokens has grown to more than £300 million. This is because people and businesses like Mark Cuban, the National Basketball Association (NBA), and many more have started using them.
Getting in early could give you an advantage over other artists, and this article has given you a general idea of how to start.
