What are NFTs? What are NFTs and what do they consist of? How can you create your art through NFTs? Is it possible to make money by making NFT? How are NFTs related to art? What are the benefits to artists of selling NFTs?
If you are looking for a clear and simple guide to creating NFTs art you are at the right place. It may seem confusing at first, but only as you catch certain abbreviations will their meaning become clearer to you.
The emergence of NFT has changed the world of business and art and pushed the boundaries of artistic expression.
One of the best examples is the auction house Christie’s, which decided to become part of the NFT world, and sold NFT art for an incredible $ 70 million, setting a record.
More and more companies, brands, celebrities, and other artists are entering the world of NFT and placing their works right there. Although this is a relatively short and young industry, its growth and impact are constantly growing, so the future seems unthinkable without NFTs.
To fully understand what NFTs mean, how they are used, what their purpose is, you will need to learn some new terms and abbreviations first, and what they represent.
If you’re intending to get serious with NFT art in any capacity we highly recommend checking out DigitalEyes.
Explanation of NFTs
An NFT or non-fungible token is a type of digital asset that is unique, irreplaceable, and easily verifiable, NFTs are digital assets built on blockchain technology, every transaction and change can easily be tracked and monitored.
It is a digital asset that represents real-world objects such as art, videos, music, and many more, and is sold and bought through cryptocurrencies.
It uses a unique database that uses technology and allows digital content to be stored and recorded on a blockchain, every transaction and change can be easily tracked.
To make your first NFT you will need a platform that will allow you to make NFT art, and through which you will pay all the necessary fees as well as receive a payment if you sell your NFT.
Before choosing the right platform for you, we advise you to research how many fees you will need to pay. Keep in mind that prices vary a lot.
Steps for making NFT Art
Step 1. Choose a concept
The first and foremost thing you need to think about before heading into this world of NFT is choosing the right concept for you.
We advise you to think carefully about this, whether it will be art, music, poetry, 3D model, or some kind of animation or any other type of art, it is up to you to choose the right one for you.
The concept is very important because it sets you apart from others and represents your imagination, creativity, and uniqueness, and will forever leave a mark in the digital world.
Be a little bolder than before, experiment, and present your work to your loved ones so they can give you their impressions.
Step 2. Select NFT Marketplace
The first step in making NFTs is to choose a platform that will feature your art. There are two types of platforms, curated and self-service platforms.
The curated platform allows only authorized individuals and artists to mint and create digital art tokens. This type of platform contains very expensive and large gas fees, so it is not for everyone’s budget.
The self-service platform allows everyone access, where you can create the Nft you want, photos, audios, videos, gifs, and so on. You can also set a percentage of your art sales.
Step 3. Make a digital wallet
A digital wallet is similar to a normal wallet, but with a digital wallet the difference is that you pay for everything in cryptocurrencies, Ethereum is one of the most famous.
Convert one cryptocurrency into another, use Coinbase because it is easy to set up. MetaMask is one of the most famous wallets, and you can set it up via the Chrome extension.
Then connect your MetaMask wallet with OpenSea which is one of the largest online marketplaces for NFTs.
Step 4. Make your first NFT
Creating digital art tokens
When you have finished creating your collection, you can start creating your first NFT.
You will first click on Add New Item which can be an audio (MP3, etc.) visual file (JPG, PNG, etc) as well as 3D files (GLB, etc), and name your token. There are two types of tokens: Stand-alone Token and Edition Token.
With Stand-alone Token, you can make only one copy of that digital art, making it more valuable.
Edition Tokens are those where you can make multiple copies of the same token; you just have to number them to distinguish the original from the copy.
When creating an NFT, you must fill in certain settings, token information, social media links, the date you created the token, name the token, and end it with the Create option.
When you select this option, you add your NFT to the blockchain, and this part requires a certain gas fee, and you can choose the royalty percentage you get from secondary sales.
Step 5. Sales and promotion of NFT art
Once you have finished creating NFTs, you can decide whether to sell them, put them up for auction or keep them.
Keep in mind that you will have to pay a fee for each NFT before you put it up for sale. So watch out for certain fees that are very high.
You can promote your NFT through social media, your local community, and collaboration with influencers.
Do you need to invest in NFT art if you are an artist?
Our answer is definitely yes. If you are an artist, you know how much you have extra costs when exhibiting your work, from auction houses, gallery and exhibition spaces, travel to a specific destination, and so on.
Therefore, this online way of creating and selling NFT allows additional savings for artists because they do not have to pay for renting the previously mentioned spaces.
Savings are guaranteed, and of course, you do not pay any percentage when selling your works, all the capital stays yours.
One of the great advantages is that you have complete freedom to do what you want, you don’t spend any material other than having to pay fees and internet, and you do everything from the comfort of your home and your art can be seen by the whole world.