So, you’ve heard about NFT art, and you’re even curious about creating NFTs. Then, read on! This guide will walk you through all the basics of how to make and sell NFT art!
In recent years, NFTs have been getting a lot of publicity. For example, you might have seen that Beeple sold a piece of digital art for an incredible $69 million.
Most NFT artists won’t earn anywhere near as much from their art. But it’s still worth finding out more about NFT digital art.
What is an NFT?
But before we dive into how to create an NFT, let’s start at the beginning. What exactly are NFTs, anyway?
NFT stands for Non-Fungible Token, but you’d be forgiven if you’re still confused. It’s a unique digital file unlike any other in the world. They can’t be duplicated or destroyed and range from commonplace to extremely rare.
Some people collect NFTs like they would regular artwork and paintings. And in the same way, an NFT can hold value, so you can resell it and even make a profit. (Although nothing is guaranteed).
As a result, you could even buy an NFT as a type of investment. And as the artist, you can earn royalties each time it’s resold, even years later.
An NFT could be any form of digital art, such as a video, song, or digital drawing. It could even be a GIF or a meme. It’s hosted on a blockchain, and the same technology also establishes the owner of the NFT.
Why Create an NFT?
Hopefully, you’re a little clearer on what an NFT is now. But you might still be wondering why you should be interested in creating your own NFT.
First of all, it’s worth saying that making an NFT will actually cost you money in the beginning. That’s because you have to pay to mint it – i.e., host it on a blockchain. (If you don’t know what a blockchain is, check out this explanation here).
But the idea is that you will then sell your artwork and earn money from it. How much you can earn from selling NFTs can range hugely, and it’s never guaranteed. That’s because it depends on your skill, reputation, following, and more. You will also need to factor in the fluctuating costs of cryptocurrencies.
However, some artists have had great success with creating and selling NFTs. And the good news is that it’s very simple and doesn’t have high barriers like the regular art world can do.
For example, it’s not easy to get your artwork displayed in a gallery when you’re new to the scene. You’ll need to build up a reputation, but it’s as much about who you know in the industry as what you create. So, getting your first break and putting your art in front of people can seem almost impossible.
In contrast, when you sell NFTs, you can reach people all over the world. The buyer’s location doesn’t matter, and it’s not about who you know or where you come from.
But if you want to earn good money through NFTs, you will need to market your artwork. Don’t just expect customers to come flocking to you!
Finally, you can continue to earn royalties from your NFTs months or years down the line. If someone resells your NFT, you’ll get royalties from the sale. So, that’s a nice bonus you may get from time or time!
How to Create an NFT Art
Now, it’s time to learn how to make NFT art! Let’s start with what you need to create your own NFT.
What You Need to Get Started Creating an NFT
You might be wondering, how do you make an NFT? There are several steps to the process, but don’t let that put you off. This guide will walk you through them, so you know exactly how to make your first NFT.
Most of the steps in the process aren’t about making the artwork at all. Instead, they relate to the technical aspects of uploading and selling your NFT.
Creating the art (or choosing one you already have) is the first step. But then, there’s still a lot more you need to do.
For example, you’ll need to choose a blockchain to host your NFT. Then, you’ll need to find a compatible marketplace so that you can sell your NFT. (I’ve gone into more detail on where to sell NFT art below).
Once you’ve chosen the blockchain and marketplace you’ll use, you’re not done yet. Next, you’ll need to buy some cryptocurrency and set up a wallet to hold it.
Then, you can upload your artwork and mint it. And finally, you’re ready to sell it!
So as you can see, there are several steps in the process. That’s why it’s so important to do your research before you dive into making NFTs. I’ll go over each step in more detail below so you can follow the guide as you create your first NFT.
You don’t need to know how to code
Making an NFT can sound a little complicated, but don’t worry. For most simple NFTs, you don’t need any coding skills at all.
Many marketplaces make it very easy to create and sell NFT art without any technical skills. For example, OpenSea and Rarible are both perfect for non-coders.
But if you want to sell a more complicated NFT, you may need to enlist the help of a developer. For example, they could help with the intricacies of interactive NFTs. A developer can also set up smart contracts if necessary.
In most cases, though, you can do it all on your own. You don’t need to be an expert to create an NFT!
Do you have to be an artist to create an NFT?
If you’re an artist, it’s easy to sell NFTs of your artwork. But you can break into the NFT market even if you’re not so artistic yourself.
In that case, you’ll need to hire an artist to do the creative work for you. Some of the best places to look are on Upwork or Fiverr. Or, you may already know someone you can hire for a one-off project.
When you hire an artist, it’s essential to have clear instructions for what you need. You should also do your research so you know what to pay for the project. Make sure you get high-resolution files of the artwork, too.
Once you have your artwork, you can simply follow the rest of the steps in the process. It’s as straightforward as that!
How to make and sell an NFT
Now you know what an NFT art is and what’s involved, let’s get into the details. Here’s everything you need to know about how to make and sell NFT art!
Select the Blockchain (with Care!)
Before selling your artwork, you need to authenticate it on the blockchain. And for that, it’s essential to understand the different blockchains out there.
That’s because each blockchain has its own tokens. Plus, the blockchain needs to be compatible with both the wallet and the marketplace.
Unfortunately, not all blockchains support every marketplace – so it can get complicated. But if you are well informed, you can make the right decisions. Then, you’ll save yourself time (and money!)
Ethereum is the original blockchain for creating NFTs. It’s also the most well-known blockchain, but it’s not your only option. Ethereum has a good reputation for being very secure and reliable. But its scalability is limited.
Instead, you could check out Polygon, Immutatate, or Tezos. Many of these blockchains have very low energy consumption and gasless transactions. I would recommend reading up on each of these blockchains to ensure you make the right decision.
Choose a Marketplace for your NFT Digital Art
So, you’ve created your artwork and authenticated it on the blockchain. But you still need to get it in front of people so you can sell it. So, next, you’ll need to choose an NFT marketplace.
Here’s a quick summary of the best places to sell NFT art:
OpenSea is the largest marketplace for NFT worldwide. It’s processed a staggering $10 billion in sales volume since it was created.
It’s free to sign up to OpenSea. And as it’s a peer-to-peer marketplace, there are no restrictions on who can sell their artwork on OpenSea. So, it’s quick and easy to get started.
You’ll find all sorts of NFTs on this marketplace. That includes everything from music to videos and digital art. But as there’s so much content on OpenSea, you have to sift through for the real treasures.
The good news is that you don’t need any code to use OpenSea. It also offers lazy minting, another attractive feature for NFT creators. It means that you don’t have to pay up-front to mint your NFT. Instead, the transaction fee includes the price of minting it, and the buyer fronts the cost.
So, OpenSea is a fantastic platform for selling NFT art. But it’s not your only option.
Rarible is another popular marketplace that’s processed $260 million in sales. You can upload all sorts of NFTs to Rarible, so there are no limits to what you can create and sell.
It has some great features for sellers, including code-free, lazy minting. Plus, it has a responsive customer support team if you run into any issues. That makes Rarible another strong contender for where to sell your NFTs.
If you’ve used the Solana blockchain for your NFT art, then the SolSea marketplace is a great choice. With low minting costs and speedy transactions, it’s simple and user-friendly. It also offers the option of adding copyright licenses during the minting process.
One drawback to the SolSea marketplace is that it doesn’t offer an auction feature yet. This feature is still in the works, so that could be a deal-breaker for you.
For SolSea, you’ll need to use either a Sollet, Solflare, or Phantom wallet. So, make sure to keep this in mind when you’re getting set up.
Other NFT marketplaces you could look into include Mintable, NFT ShowRoom, and SuperRare. Of course, there are many others – it would take too long to look into them all! But now, you’ll have a good idea of the main NFT marketplaces you could use.
Create a digital wallet for your NFTs and Cryptocurrency
You’ll need a digital wallet to store your cryptocurrency tokens. As mentioned above, not all wallets work with every marketplace, though. So, make sure you’ve checked out the compatibility before you jump straight in.
There are many different wallets to choose between, including software and hardware options. The main distinction is that a software wallet stores your NFTs online. In contrast, a hardware wallet is more secure because it stores your NFTs offline.
Some of the most popular wallets include MetaMask, Enjin, and Coinbase. I would recommend using MetaMask as it’s simple and easy to use. It has an app and a browser extension that work with Android phones and iPhones.
Setting up a digital wallet is easy. All you need to do is download your chosen app (or extension) and set up an account. First, you’ll need to go through some security steps and agree to the terms and conditions. Then, you should be good to go!
Buy some cryptocurrency & add it to your wallet
Before you can make any money from your NFT, you’ll first need to spend some cash. That’s because it costs to mint an NFT. Minting is the process that authenticates your artwork on the blockchain. So then, it’s on the public ledger, and it can’t be copied, duplicated, or altered.
It’s essential to mint your NFT if you want to sell it. And in most cases, you’ll need to pay the gas fee upfront to get your NFT validated on the blockchain. However, some marketplaces do allow lazy minting – i.e., it gets minted during the transaction when you sell it.
You’ll need crypto tokens to pay to mint your NFT. The most common cryptocurrency is Ether, also known as ETH. But before you buy, double-check what kind of tokens your chosen marketplace accepts.
Once you know what kind of cryptocurrency you need, it’s quick and easy. You can normally pay by Apple Pay or debit card. Don’t forget to add your currency to your digital wallet and connect it to the marketplace, too.
As for how many tokens you’ll need, it can vary a lot. That’s because cryptocurrencies fluctuate from day to day. So, you should pick your moment to buy your currency and mint your NFT carefully. But generally, you can plan to pay around $100 for the minting process.
Upload your file & add a description
The next step is to upload your file to the marketplace and add a description. This step is normally very straightforward. What you should think carefully about are the title and description. You want to make it as enticing and detailed as possible to encourage people to buy.
To upload your artwork, find out what file types the marketplace supports. Files like PNG, GIF, JPG, and MP3 work on most platforms.
Then, you can click ‘Create,’ and your artwork should start to load. At this point, you may have the option of choosing how to sell your NFT. For example, you can choose between a fixed price or an auction model.
With auctions, there may be the choice between an ongoing auction or a decreasing price. (I.e., the auction continues by dropping the price until someone is willing to pay it). At this stage, you may choose how you want to sell it. You will need to set a minimum price or manually accept a bid if you prefer.
Finally, you can set the percentage of royalties you want if your NFT is resold. But make sure you think this through! If you set it too high, it will remove the incentive to resell it. On the other hand, if it’s too low, you’ll earn very little from it in the future.
Minting your NFT
Minting is vital as it transforms your artwork into a non-fungible token. Then, you can sell it on.
One important note: You don’t have to mint your artwork right away. (But you will need to have done this before selling it). As gas fees vary widely, you should mint it when the fees are lower. Otherwise, you could end up spending more than you’ll gain from selling your NFT.
So, you’ve uploaded your file and added a description, properties, and any extra content. That means you’re nearly there. All you need to do is hit ‘Create,’ and you’ll have minted your NFT.
Bear in mind that you may have to pay transaction fees when you sell the NFT, too. Some platforms also charge a commission. As a result, it can be hard to predict how much money you’ll make from an NFT.
You can also find some useful advice in the above video by Kapwing.
How to Sell NFT Art
When it comes to selling an NFT, you have several options. The first and simplest option is to set a fixed price for your artwork. Then, the buyer can purchase it immediately (like on eBay).
But you could also consider going for an auction format. For example, you could choose an ongoing auction, where you will continue to receive bids. It can keep going until you get a bid that you’re happy with and accept it.
The other option is to go for a declining price auction. That way, the marketplace will continue to drop the price until someone agrees to buy it.
You should consider the pros and cons of each approach. But I do have another word of warning for you! Don’t expect people to come flocking to buy your NFTs, especially if you’re a new artist.
Instead, you may need to put in the effort and do some marketing. For example, you can drum up a following on social media or even grow an email list. Then, you can share your NFT artwork there to get people’s attention and encourage them to buy.
Selling NFT art isn’t as easy or passive as some people think at first. If you’re motivated and talented, you can earn good money. But there are no promises of returns in this industry.
How to Sell Art as NFT: Setting Your Prices
You might be wondering how to set your prices for your NFT art. As an artist, it can be tricky to price your artwork, even for traditional formats. You need to think about your experience, reputation, and following. But you will also need to factor in your living costs.
When setting the price for your NFT art, you should consider how much you’ll pay for the minting fee. You don’t want to end up out of pocket by spending more than the price of the NFT itself!
Another factor is how new you are to this market. Do you already have a loyal customer following who will buy your artwork? Then, you should have a good idea of what they will pay.
But if you’re still breaking into the NFT world, setting your prices lower at first could be a good idea. Don’t expect to earn millions (or even thousands) from your first ever NFT!
Next, does your NFT have any extra content or benefits to the buyer? Some crypto-collectibles come with bonuses like merchandise, tickets, or unlockable content. That can boost the price further.
And last, how scarce is this NFT? Is it a one-off that the buyer could potentially resell at a higher price down the line? Or do you have a whole line of similar artworks, making it less rare?
With these factors in mind, you should feel more confident in setting the price of your NFT artwork.
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The Wrap Up
Now, you should be an expert on how to make NFT art (and sell it to make a profit!). You know all about the setup you’ll need, from the blockchain to the marketplace and digital wallet.
So, all that remains is for you to choose an artwork and follow the steps. Then, you’ll have successfully created your first NFT!
Let me know how it goes in the comments!
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