NFTs (non-fungible tokens) are taking the digital art world by storm, granting authenticity and legitimacy to original creative works and digital assets on the blockchain. We’ve got you covered if you’re a digital artist looking to ride the new wave.
You’ll find that making and selling your very own NFT Art is a user-friendly experience that only requires a little bit of research. Luckily, we’ve made it easy for you with this step-by-step guide on the entire process.
Before you know it, you’ll have your original works up for purchase on the NFT marketplace of your choice.
How To Create NFT Art
The beginning of the process of making and selling NFTs is one that you’ll probably find pretty familiar. Simply put, the first step is to express yourself; make your art! NFT art can come from various mediums, including:
- Graphic or digital visual art
- Films or short videos
- Music and soundscapes
- Memes or GIFs
- Literature and poetry
- Digital properties, avatars, and cosmetic items
This list is by no means exhaustive, as the world of NFT art is constantly expanding and developing, allowing for new possibilities. Significant strides are being made in the NFT gaming space to legitimize digital assets earned in-game as NFTs on the blockchain. Plenty of opportunities for exploring are available, so keep your imagination and creative ambitions fixed on the digital future.
Once your artwork is finished, it should be saved or converted to a digital file compatible with your NFT marketplace of choice. Some commonly accepted digital file types for NFT art are JPEG, PNG, MP3, MP4, GIF, WAV, and more!
Once you’ve got that down, you’re ready to mint.
Minting Your Artwork as an NFT
Once you’ve got your digital piece of art or asset saved as a compatible file type, it’s time to publish it to the blockchain. Many user-friendly websites and some resources we’ll touch on have made this process much more manageable. But first, let’s start with some basics:
What is Minting an NFT?
For digital artwork to become a non-fungible token (NFT), it must go through a minting process similar to real-world money and cryptocurrencies.
However, don’t let that terminology intimidate you: When we talk about minting an NFT, we’re only talking about publishing it to the blockchain via the NFT marketplace of your choice.
Why, then, do we call this publishing process minting NFTs?
- Even though NFTs don’t function or get exchanged like cryptocurrencies or physical money, they are still considered tokens on the blockchain.
- Cryptocurrencies and physical currencies are fungible, which means they can be exchanged between each other for an exact value. Non-fungible tokens have a value that cannot be converted into a currency for an exactly corresponding value.
- Cryptocurrencies, physical money, and NFTs are all able to be minted. Unlike many other kinds of artistic publishing, minting guarantees legitimacy and a stamp of authenticity to the value of your artwork.
Therefore, to put it simply: minting is the process of publishing your digital artwork to the blockchain. But before you can do that, you’ll have to secure your crypto-wallet.
You’ll Need to Get a Crypto-Wallet and Buy Cryptocurrencies
Before you can mint an NFT and start selling your artwork on the blockchain, you’ll need to secure your very own digital wallet, also referred to as a crypto-wallet. Most of these wallets function just like a stock-trading website or banking app.
Some popular crypto wallets include:
- Coinbase Wallet
- Robinhood Wallet
- Trust Wallet
You’ll need one of these wallets to purchase some cryptocurrency. Luckily, with user-friendly interfaces, most of these wallets function just as efficiently as any stock-trading site or banking app.
Why You Need Cryptocurrency to Sell NFT Art
There are a few reasons why NFTs require a crypto-wallet stocked with cryptocurrencies to be appropriately minted:
- You are publishing your digital file or asset to the blockchain: A network that primarily functions to facilitate the exchange of cryptocurrencies. Someone will likely be buying your artwork using a cryptocurrency like Ethereum or Bitcoin.
- A great deal of computing and electrical power is needed to authenticate and process transactions on the blockchain. The Ethereum blockchain is used by most NFT creators thanks to its availability of computing resources.
- Finally, most NFT marketplacescharge varying amounts in cryptocurrency to create your account and mint your NFT onto the blockchain.
In return for this, you’ll have to pay what’s called a gas fee: A recurring amount in cryptocurrency which covers the cost of the power needed to keep your NFT secure and validated on the blockchain.
So, before moving on to minting, ensure you’ve got yourself a digital wallet you’re comfortable using and the appropriate amount of cryptocurrency to cover gas fees, minting fees, and account creation.
Choose An NFT Marketplace to Sell Your NFT
Now that you’ve got your digital files and crypto-wallet ready and operational, it’s time to mint your NFT, making it available for purchase on the blockchain.
Some popular NFT Marketplaces are user-friendly and make minting an NFT as simple as publishing your artwork on any conventional marketplace platform. Some of these include:
- Myth Market
Additionally, if one of these platforms doesn’t interest you, there are tools available via Amazon’s AWS Marketplace that can help you create your own NFT marketplace.
So as you can see, there are many ways to customize how you market and sell your NFTs. On top of that, the potential for NFT art is growing every day. A non-fungible token can be a GIF, popular meme, visual art piece, video, or any other digital asset submitted as a digital file and verified on the blockchain.
Market Your NFT
Unfortunately, being on an NFT marketplace won’t always automatically get your attention for your artwork. To gain exposure and more easily sell NFTs, you’re going to need some kind of marketing strategy:
- Try to demonstrate your ability to innovate within your medium.
- Make sure to list your NFT art for a cryptocurrency people will likely be familiar with, such as Ethereum or Bitcoin.
- Prove to potential buyers that they’re investing in an art piece that will grow in value.
- Demonstrate the relevance of your art piece; what it stands for.
- Use social media to share designs, concepts, and links to sites where people can buy.
A Few Alternatives to NFT Art: Fashion League
Game creation is one art form exploding in its way within the NFT market. With the ability to authenticate and legitimize digital artwork, NFTs are changing the gaming world by allowing players to make real money by simply playing and earning resources.
These earned resources are then exchanged for items that can be minted as NFTs, such as avatars, cosmetic items, building improvements and furniture, skill boosts, and even digital property. These items become digital assets that can be exchanged or sold for cryptocurrencies as NFTs on the blockchain.
This is what’s known as the Fun-To-Earn model. Many incoming NFT games like Fashion League employ this model to earn players real money for their time in-game.
On top of that, Fashion League players can:
- Create fashion designs and clothing items and with the opportunity to upgrade and sell them as NFTs
- Advance their virtual brand through online marketing for real financial growth
- Manage their storefront property
Fashion league aims to be the first female-centered NFT RPG on the blockchain. By creating virtual economies, players can simulate real income from the digital exchange of their art, ideas, and designs.
If you want to bring your creative touch into a virtual community or perhaps build your own digital business, NFT RPGs may be worth keeping an eye out for.
NFTs Are For All Types of Artists
Whether your chosen art form is visual arts, film, music, comedy, writing, gaming, or even business, the NFT marketplace offers you a way to legitimize, own, and sell your digital art. The security of the blockchain offers the potential to add new power and exclusivity to original digital assets.
Virtual worlds like the metaverse and NFT games like Fashion League allow players to foster a community online with like-minded folks across great distances. NFT art can be exchanged, exhibited, and sold within those communities.
Check out our website to learn more about how to start your fashion empire.