FxBrokerReviews.org – NFTs have exploded in popularity and seem to be everywhere today. You can find these non-fungible tokens all over the internet, from social media platforms to websites and even celebrities, everyone is taken by the craze of NFTs. While the benefits of NFTs continue to rise in the marketplace, creators and artists seem to be the ones benefiting the most from these digital tokens.
NFT art has given artists from all over the world, much-needed space and freedom to invent and create artworks of their own choice and will. Moreover, with the increase in the number of NFT marketplaces, anyone can enter the world of NFTs and learn how to make an NFT and sell it for profit.
If you are someone who is looking to create NFT art, then you have landed on the right page. This guide will explore all the factors required to make and sell NFTs. We have also covered some of the best software to create NFT art.
What is NFT?
Imagine buying digital artwork on the internet and having sole ownership of the same. Wouldn’t that be great? This is now, possible due to NFTs. If you are left wondering: what are NFTs? Read below to know more!
In simple terms, Non- fungible tokens are artworks like music files, paintings, photographs, trading cards, and a lot more that are digitized in the form of tokens. What makes them so popular is the fact that they are unique and can not be traded or exchanged for the value of another, unlike cryptocurrencies.
However, there is one common factor between cryptos and NFTs – both are powered by blockchain networks. A blockchain network like Ethereum secures digital assets and gives access to all the transactions in the public ledger, making it easy to track the ownership of the NFTs.
What is an NFT art?
NFT art is a collectible digital asset that can be exchanged in the NFT marketplace. Most digital files can easily and endlessly be copied and pasted as much as the owner wants. But, NFT digital artworks and assets are unique and have exclusive ownership. These items are bought and sold with a digital certificate, that shows ownership of a unique virtual or physical asset that someone has created.
Digital artwork includes digital pics, GIFs, short videos, paintings, handicraft works, and more. These NFTs are sold online as though they are physical items, and these are the most expensive NFTs and sometimes are sold for millions.
Take a look at some of the top NFT arts in the marketplace :
CryptoKitties is an NFT example of a blockchain game on Ethereum developed by Dapper Labs. the NFT collection allows players to purchase, collect, breed, and sell virtual cats on the marketplace, using cryptos.
Everydays: The First 5000 Days:
A digital artwork created by Beeple. It is one of the most expensive pieces of art ever sold in the NFT marketplace. The painting is nothing but a collage of 5000 digital images created by Winkelmann for his Everydays series. On March 11th, 2021 it sold for $69 million.
What are the benefits of creating NFT art?
Before we move to the section on how to make your art an NFT, read some of the advantages that you will get as an NFT creator.
No third-party intervention
Since all the trading and exchange between the artist and buyer takes place on the NFT marketplace, the possibility of a middleman is ruled out. With no intervention of a third party the chances of an NFT scam are reduced to none, making the trading process easy and smooth. It also reduces the cost of selling and buying a digital asset.
Access to a global marketplace
When art is sold traditionally, a creator is bound to certain geographical restrictions. But NFTs open a platform for investors all over the world. All you require is a crypto wallet and the required cryptocurrency to mint and buy your preferred artwork.
Ownership & Record
NFT art is unique and can not be replaced with another of the same kind. Physical paintings can be loaned, rented, or duplicated, but digital artworks have their unique ID and data which is impossible to forge. When artists mint digital artwork with the blockchain, they create a unique identifier. The blockchain automatically stores all the data related to the ownership on its ledger. This enables tracking the ownership of NFTs effortlessly without any physical skill.
Source of extra-earning
NFTs have helped several artists to diversify their portfolios and earn extra income through the NFT marketplace. While it is not possible to exactly determine how much does it cost to create an NFT and how much you will earn, one can make an attempt in the marketplace by investing in small amounts and then start making their art into an NFT.
Types of artwork you can make into an NFT
As mentioned above, with the digitization of the tokens it is possible to convert any asset into a digital art form. If you are a beginner who is looking to find out how to make my art into an NFT; this section will cover the various types of NFTs you can create:
Gaming NFTs are the most popular NFT type. Gaming companies, do not sell games through NFTs rather they sell in-game assets like skins, characters, backgrounds, icons, and other items. A majority of games have their virtual currency within the game itself that helps users purchase tokens and even trade them to make progress. Developers even sell a limited edition of their games or some exclusive content on the NFT marketplace.
Music and audio files are also very popular in the NFT spectrum. Today musicians and DJs have been selling their work as NFTs, this has made them earn millions of dollars in a matter of hours. Many artists keep special versions of their albums in the NFT marketplace, which are otherwise not available to the general public.
Virtual fashion refers to accessories and merchandise which is available on the metaverse and not physically. Fashion NFTs are used to dress up online avatars instead. This may sound ridiculous, but remember, people spend millions of dollars to own these virtual assets. These handbags, jewelry, or any clothing item are uniquely designed and are limited in quality, hence they are sold at extremely high prices.
NFT collectibles include a collection of trading cards or NFTs that are sold as a series. For example on NBA top short, you can buy exclusive NBA moments and trading cards that are otherwise not available in the traditional market.
NFT domains are domains that are live on a public blockchain and give users complete ownership of their stored data. The main benefit of owning a domain name is that it simplifies crypto transactions by replacing wallet addresses with the domain name and easily creates and hosts websites.
How to make an NFT art?
This section by forex broker reviews provides step-by-step detail on how to make your art an NFT. Read the details below:
Think of a concept
You can choose any, concept to make an NFT. from the above-mentioned points, you can either upload an audio file, or sell an artifact, photograph, or digital painting that you have created. Whatever you decide to mint, make sure it has some unique factor that makes it appealing to investors.
Download a Crypto Wallet
If you are making an NFT for the first time, you are required to download a crypto wallet like MetaMask and add funds to it, depending on the blockchain you plan to mint on. Digital wallets allow you to safely store your NFTs and initiate transactions.
Choose a marketplace
There are numerous marketplaces, but that does not mean that all are suitable for you. Therefore, choose your marketplace carefully before you mint an NFT. Read our guide on NFT marketplaces to learn more about them. Platforms like Opensea and Binance, offer a wide range of NFTs to trade from.
Mint your NFT
Now once you have completed all the steps above it is time to start minting your NFT. your marketplace will ask you for certain details before your asset is available to the investors
The details include :
- Category of the artwork
- Name and description of the NFT
- Choose the price type – Fixed price or Auction
- Additional features like – discount vouchers, invite to exclusive gatherings, and more.
Once you have added all the details, proceed to create your NFT, pay the gas fees, and list the digital token on the marketplace.
Can I make NFT art for free?
NFTs are minted on the blockchain and all transactions recorded on the network need to be validated by the minors, which involves a cost i.e a gas fee. The gas fee depends on the blockchain network and the time you choose to complete the transaction. Therefore, how to make an NFT for free depends on your blockchain. Networks like Ethereum charge a high gas fee, but has a fast transaction rate, on the other hand, a blockchain like Polygon allows you to make NFT for free, but the processing time is extremely slow.
How to make money with NFT art?
In 2021 when Beeple – an NFT artist sold his digital asset “Everydays- the 5000 days for $69 million everyone wanted to invest in NFTs and become rich. While earning millions of dollars is not possible for every creator, you can follow some tips to make good money with NFTs. Take a look!
Rent your NFTs
Renting NFTs is similar to leasing out properties or any other asset. The Non-fungible tokens can not be duplicated, but you can rent them out to those who want the asset you own. Many investors look for trading cards and collectibles that they can buy on rent.
Earn through royalties
Many marketplaces, like Opensea, allow creators to charge royalties for each sale they make. Even after selling a digital asset to someone else, the creator can earn passive royalties lifelong. The creator, however, must impose these terms beforehand, and receive royalties for the rest of their life if someone buys the asset developed by them.
The easiest way to earn extra income through NFTs is to trade them in the marketplace. Mint your own NFTs and list them on the marketplace for investors to purchase. You can either sell them at a fixed price or even conduct an auction for the same.
See our guide on how to sell NFT art
Which is the best software to create NFT art?
If you are someone who does not want to learn coding to generate NFT art, then there are various software that helps you create NFTs software like NFT ArtGenerator, SketchAR, Inkscape, and more are some of the best mobile as well as web NFT art generators.
According to our analysis and user reviews, the best software to create NFT art is NFT Art Generator. It is a web-based tool that helps to create and sell NFTs on the Blockchain in just a few clicks. The software allows you to create your NFT in various formats, including, mp4, jpeg, gif, png, and more. After generating your NFT users can directly put it into a blockchain network and list it for sale. If you are unsure of the design you can even download a sample for free.
In this guide, we have tried to answer some of the basic questions related to NFT art, including what is an NFT art, how to make and sell it, and some tips to earn money through NFTs.we would advise beginners to go along the step-by-step procedure of creating NFTs to stay away from any duplication and scams.
Choose your marketplace wisely, add value to your creation, list it for the buyers and you are all set to start investing in the non-fungible tokens!