Non-fungible tokens (NFTs) are progressively gaining ground globally and within the virtual currency. NFTs change how artists and creators can create and sell their artwork. The popularity of NFTs prompts people to search for how to create NFT art and join the intense mania.
NFTs represent digital assets on blockchain technology that represent different items like virtual real estate, digital pieces of art, collectible sports cards, and many more. Are you an artist and looking to make an NFT art? Here is a step-by-step guide.
Why Create NFT Art?
Many artists create art with the essence of having some gains from such tools, such as getting profits. It has been a progressive nature of artists struggling with their works even when the value of their arts appreciates. NFT arts come in handy as they create lifetime royalties.
Lifetime royalty means artists can sell their digital tokens as often as possible. In turn, they end up receiving a higher percentage of the sales profits.
There is a 2.5% to 10% range which ensures that the artists get interest in lifetime resales of NFT art.
Additionally, the sale of NFT art goes on through peer-to-peer marketplaces online, serving a broader audience. There is no need for an artist to plan for auction houses and art galleries, which makes it a cheaper option. The NFT token is verifiable and authentic as only one person can own it at a time. NFT art gives the artist’s fans a chance to support their work and engage with the art at a deeper level.
NFTs are a new technology, creating a potential for appreciation in the future.
So how do you make an NFT art?
Steps to Making an NFT Art
1. Choose a Marketplace
This comes as a first step to creating your art. There are two leading marketplaces you can choose from.
- Curated Platforms– The NFT marketplace gives authorized artists a chance to mint or creates digital art tokens. The platform spearheads toward high-quality digital art tokens, not just low-quality collectibles.
An example of such a marketplace is SuperRare, which has higher transaction fees and lower flexibility on the royalty percentages one can program into your artwork.
- Self-Service Platforms– It is mainly a category of the peer-to-peer marketplaces that allows you as an artist to create your NFT with anything you like. It can either be through a photo, a video, or even an audio file.
OpenSea is a great start, offering a user-friendly experience and the easiest way to create (mint) digital arts tokens.
After choosing the marketplace you want to open an account with, you can move to the next step. In this guide, we utilize OpenSea as a case study.
2. Create a Digital Wallet
ETH is the native crypto of the Ethereum Blockchain. It is used precisely to create NFTs, meaning that if you are creating NFT art, you will deal with Ethereum a lot. ETH is used as a gas fee on the Ethereum blockchain transaction cost.
Additionally, OpenSea requires mainly the extension of MetaMask on Google Chrome. The first step would be buying some Ether coins on an exchange and transferring them to the wallet.
You can always choose other cost-effective blockchains and cryptocurrencies. However, keep in mind that many collectors and buyers use Ethereum. Consequently, using another currency may lower your chances of selling the art.
3. Connect to OpenSea, Creating a Collection
You are not yet in a position to create your digital arts token. Login into OpenSea with your MetaMask Wallet.
Once connected, head to the “My Collection tab” in the drop-down menu, under the profile picture.
This serves as a store or gallery of an individual’s digital arts. You can then do your own customization by adding a logo or a banner for your collection. This is a creation of a groundwork for you to display the artwork.
4. Creating and Publishing Your NFT
This is the stage where the NFT will come to life! Click on “Add New Item,” providing the option of uploading metadata, including the visual, audio, or 3D files. For visuals, you can choose between FPG, PNG, GIF, etc., for audio MP3, and for 3D files GLB, which allows you to give your token name.
At this stage, you can mint an unlimited number of tokens. However, you do it one at a time and note how many editions of the same token you choose to create.
You can also add properties, levels, and stats where relevant, which in turn help buyers to filter your artwork according to what they want to explore.
After customizing all the properties, you can click “Create,” which adds the NFT to the blockchain. The next step asks you for ETH for approval and the gas fee.
5. List Your Artwork for Sale
After creating your art, you need to then gain some profits from it. List your art for sale by choosing a fixed-price listing or auction and setting a price.
However, you need to pay a gas fee before listing the artwork when it is your first time creating and selling an NFT.
After listing the art, you can take the initiative of promoting your artwork on different platforms, bringing about potential buyers.
NFT is still a new and evolving landscape making it an exciting time to participate. Such a situation creates massive potential for upcoming projects. NFTs are also a new and exciting way of creating and selling digital art.
If you are interested in becoming an NFT artist, we recommend you familiarize yourself with the process and understand the NFT market. It would help if you also were comfortable promoting your NFTs online.
Vincent Munene is a freelance writer and a great blockchain enthusiast. Blockchain has changed his life in terms of financial freedom and in return, he likes to educate people and keep them up to date on everything blockchain. He is a Biochemist by profession and also loves to play the piano.