Are you an artist and want to create NFT art? Non-fungible tokens (NFTs) are on the rise all over the world. NFTs are changing the way artists and creators create and sell their artwork. The popularity of NFTs is causing people to look for ways to create NFT art and join the intense ecstasy.
NFTs are digital assets on blockchain technology that represent various items such as virtual real estate, digital artwork, sports trading cards, and more. Are you an artist and want to create NFT artwork? Here is a step by step guide.
Why make NFT art?
Many artists create art with the goal of making money. It is a progressive nature for artists to struggle with their work even as the value of their art increases. NFT art is very beneficial as it generates lifetime equity income.
A lifetime royalty income means that artists can sell their digital tokens as often as possible. In return, they get a higher percentage of sales profits.
There is a range of 2.5% to 10% that guarantees artists to earn revenue from reselling NFT art for life.
In addition, NFT art will be sold through peer-to-peer online marketplaces, thus attracting a wider audience. The artist does not have to deal with auction houses and art galleries, which makes this option cheaper. The authenticity of the NFT code can be checked as only one person can own it at a time. NFT Art gives fans of the artist the opportunity to support his work and interact with art on a deeper level.
NFTs are an emerging technology that offers the possibility of estimating future value.
So how do you create an NFT?
Here are 5 steps to making NFT art:
1. Choose the market
This is the first step in creating your artwork. There are two leading markets to choose from.
- Curated Platforms – The NFT Marketplace offers certified artists the opportunity to mint or create digital art symbols. The platform caters to high-quality digital art brands, not low-quality collectibles.
An example of such a market is SuperRare, which has higher transaction fees and lower license fee flexibility.
- Self-Service Platforms – This is primarily a class of peer-to-peer marketplace that allows you, as an artist, to create your own NFT with anything you want. This can be an image, a video, or even an audio file.
OpenSea is a great start, offering an intuitive experience and the easiest way to create digital art signs (mint).
After selecting the market in which you want to open an account, you can move on to the next step. In this tutorial, we use OpenSea as a case study.
2. Create a digital wallet
Ethereum is the original cryptocurrency of the Ethereum blockchain. It is used specifically for NFT generation, which means that you will be dealing with Ethereum quite a lot when creating the NFT. ETH is used as a gas fee for the transaction costs of the Ethereum blockchain.
Also, OpenSea mainly needs the MetaMask extension on Google Chrome. The first step will be to buy some Ethereum tokens on the exchange and transfer them to the wallet.
You can always choose blockchain and other low-cost cryptocurrencies. However, keep in mind that many collectors and buyers use Ethereum. Therefore, using a different currency may reduce your chances of selling the artwork.
3. Connect the wallet to Opensea
Now connect your Metamask wallet to Opensea.
Once connected, you can access the My Group tab in the dropdown menu under your profile picture.
This serves as a shop or gallery for digital art. You can then make your own customizations by adding a logo or banner to your group. This way you create a basis for displaying your artwork.
4. Create and publish your NFT
This is the stage when NFT comes to life! Click Add New Item and upload metadata including images, audio or 3D files. For image files, you can choose between FPG, PNG, GIF, etc., for audio files between MP3 and 3D files between GLB, you can specify the name of your token.
At this point, you can mint an unlimited number of tokens. However, you should create one at a time and note how many versions of the same icon you want to create.
You can also add attributes, rarity levels, and stats where appropriate to help buyers filter your artwork for the content they want.
After allocating all the properties, you can click on “Generate” which will add the NFT to the blockchain. In the next step, you will be asked for ETH for approval and the gas fee.
5. List your artworks for sale
After creating your artwork, you need to market it profitably. List your artwork for sale by selecting a fixed price list or auction and setting a price.
However, if you are creating and selling an NFT for the first time, you will need to pay the gas fee before your artwork is listed.
After listing the artwork, you can take the initiative and promote your artwork on different platforms to find potential buyers.
If you want to know how to value NFT, you can read the article How to Evaluate and Sell NFT Art?
NFTs are still new and constantly evolving, so it’s a fun time to be a part of them. Such a situation creates great potential for future projects. NFTs are also an exciting new way to create and sell digital art.
If you are interested in becoming an NFT artist, we encourage you to learn about the process and understand the NFT market.
Tip: Marketing and community play a huge role in the NFT market: it would also be helpful to know how to market NFTs online.
Would you like to invest in NFT art? Then we suggest you the following article: Do you want to buy NFT art? You should know this
Jay lives in Los Angeles where he writes about blockchain and cryptocurrency. He is also an avid investor and enjoys discussing with experts and learning more about cryptocurrencies.