Updated: Apr 7
Are you an avid artist looking for a way to take your talent to the next level? Or maybe you are a zealous entrepreneur who has recently come across the craze of NFT and wants to jump on to this bandwagon.
Whatever the reason is, the first thing you need to do is learn how to create NFT.
The good thing is as complicated as it sounds, creating NFTs is a fairly easy thing to do. Moreover, if you know how cryptocurrency works, creating NFTs will be as easy as a breeze!
However, these terms may have put you at your wit's end if you are a total rookie to this subject. But don’t worry, because here you will learn everything there is to know about NFT and how you can use it to sell or buy affordable original art online.
What Is NFT?
Let’s start with the basics.
NFT (also known as a Non-Fungible Token) is essentially a digital certificate for authentication. This is why most classical pieces of art or historic hand-drawn wall art are sold with certificates or receipts at auctions to show that they are original and genuine products.
NFTs works the same way, except they exist to authenticate digital items. This includes images, videos, GIFs, MP3s, or any other virtual files. By getting them certified with an NFT, you will be saving them as one-of-a-kind items.
This process of converting your artwork into NFTs is called minting, which is done via blockchain technology or cryptocurrency.
How To Turn Your Art Into An NFT In 8 Steps
Now that you know what non-fungible tokens are, you can get started with the process of making NFTs!
Step #1: Get Started On Crypto
If you want to start creating NFTs, you will first need a blockchain platform to help generate your tokens.
Most blockchain platforms today will ask you to pay for this particular service. To do this, you will need to make your payment with Ethereum’s native crypto coin called Ether.
Keep in mind that the prices in Ether are incredibly volatile. Therefore, the cost for you to mint your NFT will be uncertain as well.
Step #2: Secure A Digital Wallet
The next thing you need is to have a digital wallet to help store your earnings and profits. These wallets are incredibly user-friendly, which makes them easy for you to navigate around.
However, they are also designed with the best security services to store your cryptocurrency without worrying about hacks and thefts.
Make sure you set up a unique password for your wallet, as this will be your key to accessing your profits.
Step #3: Decide Which Crypto Platform You Want To Use
The world of crypto as you know is large and seemingly endless. With this comes a huge line of crypto platforms that you can use to get started.
So remember to do ample research before you settle on one platform.
Step #4: Link An NFT Marketplace To Your Wallet
Now that you have found a good crypto platform to get started, find a suitable NFT marketplace and link your wallet to it.
This is where your tokens will be minted. Listed below are a few options for good NFT marketplaces:
Step #5: Upload Your Art
Now that you have chosen your own crypto and NFT platform, it is time to start uploading your artwork. Some of these platforms will allow you to sell just one or multiple items. You may be able to sell your identical wildlife art prints several times, just be cautious during this time as certain websites have limits on the file size.
Step #6: Start Your Virtual Auction
Now that your NFTs are ready, you can get started with your virtual auction. \You will have two main options: sell the NFT for a fixed price or go with bids and accept the highest bidder. Either way, you will need to set a minimum cost. This will ensure that your NFTs are not sold for a meager price.
Step #7: Note the Listing Fee
Needless to say, selling your NFTs will come with a certain listing price, so be prepared to deal with it.
First, you have the actual listing fee. Next, there is a separate fee for minting your own NFTs. Once you have sold the NFT, you will need to pay a commission fee.
Step #8: Start Selling and Earning
Now you’re all set to sell your NFTs and make money. To find a potential buyer!
Make sure to leverage all the best resources near you to reach your target audience. In simple terms, make your platform the best place to buy original art online and NFTs
There are a lot of benefits to diving into NFTs.
Don’t be fooled by its seeming techie name or discouraged just because you don’t understand cryptocurrency or the concept. Take the time to learn about it and do your research, because this space is exploding and many artists are adapting and shifting their focus to making NFTs.
There is a lot of money to be made and also a lot of interest. Don’t be late to the game and why not start creating your NFTs today?