The 21st century will, without a doubt, go down in history for producing the world’s many “firsts”. Among these being the digital era and its several gifts such as social media, cryptocurrency, and, most recently, NFT.
Interest in NFT art and trading has been sparking by the second. It is the new buzzword in town, and if trends are anything to by, it seems like it is here to say! What remains inexplicable though is that digital art now trades for millions of dollars. In fact, it took the internet by storm when a designer, Bleeper, sold a digital painting for close to $70 million. That’s right.
Since then, all aspiring digital artists plan to create a jawdroppingly amazing piece of art and place it in a marketplace to earn a good fortune. But for most of them, it is a bit tricky to navigate through the digital space on their own.
This is where we come in. In this brief explainer, we have laid down some easy steps you can follow to create NFT art – and earn from it.
Understanding The Basic Concepts Of This Art
Since NFT art is a relatively new concept, it is possible for artists not to have a full grasp of it. NFTs – or non-fungible tokens – are digital tokens and are mostly stored on the blockchain. Each NFT stored is unique and has some value to it. In most cases, the NFT itself is not stored on the blockchain but the link to the art is.
Decide On What You Want To Create
What is NFT? As of now, there is not a definite answer to it. Anything that can be converted into a digital file can be classified as NFT – a digital painting, a piece of music, some text, a video, etc. There are examples where even “memes” have traded as NFTs. In August 2021, a friendship breakup meme was sold as NFT for over $50,000. As surprising as it sounds, it also shows that NFT art has a lot of potential, and it is not exposed to any limitations.
Choose A Platform
Like there are marketplaces for other commodities, there is a market for NFT art. Several platforms allow the trade of NFTs – among them, OpenSea is the most popular one. You will have to link your Ether wallet on such platforms – Ethereum is a popular cryptocurrency. You will need to have some Ether in it to facilitate your trade.
Create Your NFT
Once you have signed up to the marketplace and connected your wallet, you can create your NFT. On OpenSea, for example, you have to choose the Create option to create a collection. Once you have filled in the required information, you may start the mining process; upload your art, and click “create”. And, voila, your NFT is created. On the Sell page, you can choose the Ethereum tokens you want to accept.
NFT Release Date
Waiting for potential buyers to come and see your art is a far-fetched thought. You should advertise your NFT release date on different platforms to attract more customers. For example, on our website, we encourage NFT enthusiasts to discuss everything related to this cryptocurrency-supported art. We have a dedicated page where we publish the list of upcoming NFTs. You can look into such options to increase the visibility of your art.