Over the past few years, non-interchangeable NFT tokens, or non-fungible tokens, have become very popular, and many people join the virtual NFT art market every day. But what’s so interesting about this unusual trend and this unexpected fascination with selling art for cryptocurrency?
NFTs are types of cryptographic tokens that work with blockchain technology. These digital art units are created to showcase new and valuable artwork, photos, music, property forms, video games, videos and many other art objects. Such units are unique in their own way. Each item has a specific author assigned to it, but the owners may change from time to time if the token is resold.
The rapidly growing popularity of NFT has piqued the interest of many people. While some are trying to create NFT art and sell it in as many pieces as possible, others are buying digital artworks because they believe in their value and uniqueness. Moreover, the prestige associated with owning NFT tokens also attracts many new customers to NFT marketplaces every day.
Is it possible to make a lot of money?
The NFT market is a good way to make big money for both those just starting out in the cryptocurrency universe and advanced users who are ready to explore the digital space more. One of the main advantages of NFT art that makes people join the cryptocurrency world is the great opportunities to make themselves known as an artist. In addition, in the NFT community, not only digital artists can benefit, but also those who collect NFT tokens. This means that money can be made simply by owning NFT digital art.
If you are already a digital artist, don’t miss out on the opportunity to showcase and sell your work in a completely innovative way. Such an experience can be even more successful than traditional promotion in the art world. There is a good chance that your work will become the next Mona Lisa and you will become the new Leonardo Da Vinci in the NFT world. What’s more, the NFT marketplace is a great place to start your digital career because it’s simple, popular and constantly evolving.
Want to learn how to create NFT art and make a good profit from it? Follow our detailed guide and helpful tips to help you become an NFT token professional.
How to create NFT art
Creating NFT art and selling it on NFT marketplaces doesn’t require any special skills or knowledge. You can learn how to create NFT art even if you have never had any experience in this field. It is enough to know how to use the Internet on a household level and have creative ideas to create digital art object.
One of the big advantages of cryptocurrency markets is that you can choose them depending on the field you are interested in. Whether it’s publishing your photos or paintings, music or GIFs, 3D objects or even memes, there’s room for any kind of art in the NFT space. Parts of the marketplace are divided into specific headings that include different types of art. This division helps your potential customers find the right product faster, and it helps you reach your target audience.
You can join the community of famous personalities in the NFT sphere in Russia and abroad, such as Pokras Lampas, Mike Winkelmann (Beeple), Herbert Chopnik and Misha Most, even if you have never thought about it. Yes, it’s that easy to become part of the digital art world!
Step by step guide
Don’t know where to start? We’ve prepared these simple steps to help you create your first NFT art and become a successful art seller.
- Select a Marketplace
An NFT marketplace is where artists post their work for sale. They come in two forms:
- Curated platforms are for authorized artists who create high-quality and valuable NFT artwork. You can’t post simple tokens like collector’s editions there. Such a platform has more restrictions on market entry than other platforms: the commission is much higher, and the price per revenue percentage is fixed.
- Self-service platforms are more convenient for newcomers, as they are open to NFT artists of all types. Fees are more flexible on these platforms and can be increased over time. In addition, the materials available for publication are more varied in format and quality.
In this article we will talk about creating an account on the most popular platform for selling NFT – OpenSea. This service has the largest amount of digital art on the art market. In addition, the platform is very convenient, has a simple interface and all the necessary tools to help you buy and sell NFT.
- Choose blockchain.
One of the most important decisions at the beginning of your NFT art world journey is to choose the blockchain on which you want to publish and sell your creations. Each blockchain has its own NFT currency, trading floors, and services. When you create art on a particular blockchain, you will only be able to sell your artwork on the trading floors that belong to it. Currently, the most famous blockchain company is Ethereum. However, many other digital art services are also used by digital artists.
First, you need to buy Ether, a cryptocurrency that belongs to the Ethereum blockchain. You can get ETH on an exchange platform. The most commonly used currency exchanges among newbies are Coinbase or Kraken. The cryptocurrency can be converted from another cryptocurrency or from your regular cash (your country’s currency, for example).
You should then transfer your money into a cryptocurrency wallet. It is not recommended to store funds in your digital wallet from an exchanger (e.g. Coinbase wallet). It is better to create another wallet to add it to the NFT market. The easiest way to do this is to install the MetaMask wallet creation browser extension. This is necessary to collect your tokens and pay a fee for placing your NFT tokens on the art marketplace.
The safest wallet, however, is a hardware wallet. One such hardware place to store your cryptocurrency is the Ledger Nano X. However, this begs the question: which of the two types of wallets to choose for the most secure and convenient storage? You don’t have to choose between using a hardware wallet and a MetaMask wallet, because you can connect the latter to the Ledger Nano platform and use it as a single place to store your cryptocurrency.
- Connect to the trading platform
After creating an OpenSea account and filling in all the necessary information, you will be redirected to the main page, where you need to click the “Create” button. You will be prompted to connect your MetaMask wallet. It’s a pretty straightforward process, as everything is done step-by-step and with clear instructions from the platform. Once the wallet address is defined, you will finally have access to the NFT trading platform.
From that point on, you will have the option to create your own art token. In the upper right corner, you can find the “My Collections” button. Click on it and start creating new NFT tokens.
- Create your first collection
After going to My Collections, you will need to click the “Create” button again. This is how the process of entering your work into the NFT marketplace begins.
Here you will be asked to fill in all the important information about your first digital token creation:
- a short description of your product (up to 1000 characters)
- unique URL
- collection category
Don’t forget to choose a cover for your NFT collection. You can also add a photo banner to it. To do this, find the Pencil button, which appears after saving the previously entered information about the collection.
The collection registration process does not end at this point. Your next step is to deal with everything related to the incoming cryptocurrency: specifying the fee amount, choosing a blockchain and the currency you will receive for your digital creation.
OpenSea allows you to get up to 10% royalties, so take that into account when calculating the possible profit from your NFT art. It’s a great source of income, and you can increase it as you become more experienced in the NFT field.
The next step you need to take to create NFT work is to choose blockchain as the basis on which you want to sell your product. Of course, you can dive into researching the world of cryptocurrencies and choose the one that best suits your token. But at this stage, we would recommend working with the uncomplicated and reliable Etherium. Note that this decision also affects which non-interchangeable token you get as payment for the items you sell. If you choose Etherium as your trading platform, your payment tokens will automatically be set to Ether.
- Create your NFT artwork
The final steps of creating a collection are pretty straightforward. If you’ve saved the information you’ve entered, expect everything to appear on the page in a few seconds. Once this is done, your collection page will open. You will see the “Add Item” button, and this is where the process of creating the NFT work will begin.
We have slowly but surely come to the main question, “How do I create NFT art?” The process may seem rather long and confusing to you at this point. However, it is very important to follow all the steps to get the desired result. Once you get used to this algorithm of connecting your wallet, entering the NFT market and selling your work, you will be very happy with your experience in the NFT space.
So, once you’ve been redirected to a new product addition page, you’ll be given the opportunity to post your product to the crypto marketplace. Your potential buyers will be able to see this artwork. It can be anything from photos and music to more complex digital assets. OpenSea supports a huge number of formats, so you’re completely free to express yourself creatively.
One of the best things about NFT artwork is that you can publish any number of copies of it. If your goal is to sell the same NFTs in large quantities, you will be required to provide them with copy numbers so they can be distinguished from each other. Such NFT production is called issuing publishing tokens.
Another release option
Another option is to make one unique copy of your NFT art. Such a release would make it even more valuable. These exclusive NFT tokens are called standalone art objects.
After deciding how you want to sell your NFT artwork, you should give it some characteristics. Here you should:
- Give a textual description of your work
- Specify the levels that the artwork includes
- choose whether you want to include unlockable content in the item (an example of such content would include additional valuable information or an item that your potential buyers might receive when they buy your NFT)
- Set the item as explicit and confidential, if it is
All of these features will make your art more searchable and valuable in the NFT marketplace. In most cases, people who want to buy an NFT don’t know the exact name of the item they want to buy; so they search for a token by its properties. That’s why it’s important to make sure you choose the most appropriate description and characteristics for the art market item. The ease of finding your item for sale is one of the main keys to marketing it successfully.
When you click the “Create” button, you’ll see your art object being discovered by others in the NFT art world. If you’re happy with what you’ve created, then feel free to go to the sales regulation page.
- Trade your digital art
Creating an NFT just for the sake of art is a good motivation to get started, and for some, it’s enough to dive headfirst into the field of digital selling. But the most obvious and common reason why digital artists join the Ethereum blockchain is the big money you can make if you sell good token art.
You can sell your art token in two ways: you can create an NFT work with a fixed price, or you can auction it off and expect the highest bid. You can set up the sale of an NFT artwork for a specific time in the future, or you can mark up the final price of the item. What’s more, like many other NFT marketplaces, OpenSea has a private transaction feature. That is, you can specify a specific person’s wallet address, and only that person will have access to buy your NFTs.
When you sell your art, you will have to pay a fee in ETH currency in order for the blockchain company to publish your first NFT to the marketplace. A wallet icon will appear indicating how much you need to pay. The amount of these fees depends on how busy the network is at the time of publication. The fees can be quite high if a lot of people are transacting on the platform at the same time. That’s why you should always study the market environment and find the most profitable periods with the lowest fees.
Many experienced NFT artists and sellers point out that it is most profitable to publish their NFT art for sale on weekends, as fewer people making transactions lowers the cost of NFT.
- Explore the NFT marketplace
Once you’ve figured out how to create NFT art, you may want to produce and sell it in large quantities. Digital artists can make a good income from their cryptocurrency tokens. But there’s a good chance you won’t get that much at the beginning of your crypto journey. All because of the need to pay the commission that NFT marketplace services require.
When you post a large number of new NFTs, you can only publish them one at a time. Now imagine how big the fees are if you sell dozens or hundreds of different NFTs. To avoid overpaying, you have to constantly research the market.
What can help you is the latest news on how to buy and sell NFTs, which parts of the market are most successful, which artists are in demand, and many other industry updates reflecting on art tokens.
You should also be aware of the most in-demand areas in the market, as they will help you track the right time to trade your own NFT. Choosing the right selling period allows you to get more money from your sales and less commission
Moreover, it is very important to keep crypto tokens in the appropriate NFT collection, as this allows other artists and clients to find your work and see what else you offer for sale.
- Promote your NFT art.
One task is to create NFTs and another, equally important, is to get people to buy them. This is easier when artists already have an audience that appreciates their physical art. In such cases, some dedicated fans usually follow the NFT craze and move into the world of cryptocurrency to support their favorite artist there as well. But for those who are just starting their creative journey, it’s much harder to spread something.
There are a lot of artists on the marketplaces. Even if you create good and valuable NFT art, it can just disappear in the huge variety of many other works.
To avoid this kind of trouble, you should take good care of your own NFT publicity on a social media outlet you are comfortable with. Post a photo of the product on Instagram, talk about its features on Twitter, post a video presentation about how you created your non-interchangeable tokens on YouTube, share it with other artists in Facebook groups.
The online communities of any social network are the best tool for dealing with the distribution of your product.
Tell the world about your artwork and the benefits of buying it in NFT format and enjoy the appreciation for your hard work as well as a good financial return.
Why you should start creating NFT art
Despite the fact that many people still consider the cryptocurrency market to be something unstable, suspicious and frivolous, the field is very successful and improving every day.
Many financially literate people are investing in the crypto market, as well as buying and auctioning off their own NFTs. For example, the founder of Twitter and Square, Jack Dorsey, auctioned off his first tweet for nearly $3 million. The man who purchased the item motivated his purchase by a desire to bring more public attention to the burgeoning world of NFT.
Celebrities are also actively involved in the NFT business. Singer The Weeknd, for example, sold his unreleased songs in token format. The New York Times’ sale of their article on the crypto market is another example of the evolving NFT sphere. And famous artists, such as Banksy and Beeple, for example, put their works up for sale on NFT markets for huge money, sometimes many times more than the cost of a physical art object of the same type.
In addition, the NFT industry is developing in Russia. The famous Russian street art artist Pokras Lampas regularly sells his works in the NFT format. The most expensive photograph the artist exhibited at the NFT market was purchased for almost $30,000. Large companies engaged in education about the NFT sphere and blockchain technologies are also actively appearing in Russia. One such organization is Digital Art Expo, run by Herbert Chopnik.
There is an opinion that those who sell digital art are not real artists. However, the widespread acceptance of digital artwork suggests otherwise. Thanks to the power of the Internet and the development of thousands of programs for many creative activities, digital artists are gaining more influence and respect from society every day.
So, what are the special reasons for creating NFT art? Why is everyone so eager to be involved in the NFT field and what are the benefits of such a business?
Why does everyone create NFT?
- Statement of your name.
Creating an NFT will help you maintain your position as an author, even if the work is resold in the future. There is no such possibility in reselling physical art. This is another reason why non-interchangeable token art is so convenient and safe for its owners.
Don’t worry about your name being forgotten or another artist claiming the right to your work, because in the NFT space, all the information about your piece is transferred with it every time someone buys the piece.
Once you put your digital work on the blockchain, you are guaranteed to keep your copyrights. If you resell the NFT work, it displays the author, the original price, previous owners, and the prices at which they purchased the art.
- Attracting a new audience
Consumers of digital art may be different from those accustomed to doing it the traditional way. As NFT spaces grow rapidly, more and more people are looking for quality and interesting digital art to buy and collect. NFT marketplaces are a good way to find your new audience and further increase the appreciation of your art by others.
Connoisseurs of digital art objects tend to have a markedly different perspective on art than those who prefer physical works. This new audience will help broaden the horizons of understanding of your work and perhaps bring new meaning to it.
It’s also a big boost to start your career as an artist in the digital realm, because posting art on NFT markets will help you promote it faster and cheaper. There’s no need to spend time planning and finding resources to publish your work. Just publish it with one click and let the world enjoy your masterpiece.
- Working in a great industry and securing your future
The NFT art market is growing by the day, and there are no plans to stop anytime soon. Of course, this growth in popularity cannot last forever. Nevertheless, we can assert that NFT platforms are not a one-day hit, and in time they will become widely used by the general public. Thus, it is very important to make yourself known on the non-interchangeable token exchange as soon as possible.
If you think it’s too late to claim your name and credibility as an artist and tell your audience about your NFT work, don’t worry. Even though the industry is popular today, it’s still evolving and many people haven’t even heard of NFT. So start now and see how lucrative and convenient digital artwork is for distributing in NFT markets.
What’s more, you don’t need to have any special education or skills to start the process of creating NFTs. A basic understanding of how to use technology and the Internet is enough to get you started on your irreplaceable token. This opens up opportunities for every digital artist around the world. Don’t miss the chance to become famous around the world and get well rewarded for your work!
- Getting paid for the rest of your life
If you sell art in real life, you get paid for it once, and usually there is no way to get the interest you deserve if you resell the work. With NFT art, however, you will have that opportunity.
For every piece of digital art you sell, you will be paid a lifetime royalty. This means that you will be paid after the initial sale and then receive a portion of the value for which your work was resold. All NFT marketplaces have different royalty rates, but they usually range from 2% to 25% of the value of the item. While it’s pretty rare to get a rate as high as 25%, it’s still achievable. In that case, if you sell the art at a good price, the royalty income will generate a lot of money in the future!
Royalties can be a source of income for the rest of your life. As your art travels through the marketplace, you will make money from its transactions. Imagine how much you can earn after publishing hundreds or thousands of NFTs!
- Saving money on presenting your art to others
NFT markets only charge a listing fee, so you can save money by not renting a space where you can showcase your art to the public. It’s especially suitable for beginners, as it lets you know whether or not the artwork will become popular with the public. Choose one of the self-serve platforms or something from the curated platforms and see how easy it is to share your art with others.
It’s convenient for consumers, too, because now they can look at your digital NFT images and buy them right at home. No need to explore art galleries and museums to find the best for your collection. In this case, the market becomes more open to buyers and your art has a better chance of being bought.
Irreplaceable tokens as the future of artists
Once you start practicing making NFT art, you’ll become more advanced in the cryptocurrency world and get money from them directly into your digital wallet. You’ll be able to learn how to use other NFT trading platforms and find the ones that work best for your kind of art. You will also be able to choose another blockchain and cryptocurrency as your favorites. The choice of development directions is great.
Since NFTs will continue to exist for a long time to come, artists should invest in at least an Ethereum wallet as soon as possible. This will allow them to expand their audience and make a name for themselves. Non-exchangeable tokens not only open up a myriad of opportunities and creative solutions, but also ensure that artwork is properly celebrated.
What’s more, your art is safe in the digital space. There is no threat of it being destroyed by natural disasters or mishandled by humans. In a sense, it is immortalized in the digital world. The artist’s name and his or her work can live forever in cyberspace. And what could be greater for an artist than a memory?
The tendency to undervalue artists’ work is also diminishing in the context of the NFT world, and that’s great. You no longer need to become famous or have great social connections to start making money from your creation. Everything is very accessible and user-friendly for beginners. Just learn the sequence of publishing token art and start making a profit.
NFTs are changing the modern understanding of art. We, as a society, are finally realizing that every creative object should be seen as art of some value. The recognition that NFT brings to artists’ names and the distribution of cultural works can be seen as some of the most decisive changes in the world of contemporary art.
Crypto-experts predict a successful future for the NFT business. So don’t be put off starting your lucrative business in this field. No matter your experience with cryptocurrency; you can quickly learn how to create NFT art and become part of an actively growing community.
Start your NFT journey now and enjoy all the great things it can give you as an artist!
What is NFT art?
NFT, or non-fungible token, means “non-interchangeable token” in Russian. These are digital units that allow art to be unique and copyrighted.
Such NFT art can include photos, paintings, music, videos, GIFs, 3D objects, video games, and even memes (such as the famous Nyan Cat). Each art token is added to a specific blockchain platform, such as Ethereum. There, through various marketplaces, the artist can draw the attention of others to his art and sell it, retaining all rights to the authorship. This innovative approach to art is attracting more and more attention and is becoming more popular every day.
NFT (non-fungible token) allows you to retain special rights and characteristics for each digital art object. NFTs are beneficial to the artist in terms of retaining ownership. Even Leonardo Da Vinci himself did not have the copyright protection that today’s NFT artists have.
Such NFT art is also convenient for collectors: by purchasing a piece of the collection, they can have peace of mind that the token will not be replaced or reproduced with the same uniqueness. NFTs also make it easier for aspiring artists to promote themselves in the art world, as NFT marketplaces that include a variety of product headings allow the work to be published at a lower cost.
Which NFTs are popular?
NFT marketplaces platforms allow you to sell a wide variety of token art, from photo and video products to complex 3D models. Some appreciate the work of artists from Russia: Pokras Lampas, for example, sold a photo art object for almost $3,000; and Meta Rite sells metamodern works. The emerging NFT-consulting Digital Art Expo helps Russian NFT enthusiasts better understand the field.
Abroad, NFT’s popularity is also gaining traction. The New York Times sold an article on the crypto marketplace, and singer The Weeknd has released unreleased tracks in the NFT format. Also among the most valuable crypto works are artist Beeple’s “Everydays: The First 5000 Days” and a video of Banksy’s burnt work “Morons.”
Who buys NFT tokens?
NFT tokens can be bought by anyone. Everyone who is at least somewhat familiar with modern technology and the Internet can use the services of a currency exchanger and buy an art object for the cryptocurrency they receive. This way of acquiring digital art is common among both collectors and ordinary people who want to own valuable and unique art objects. In terms of investing their money, NFT is one of the most win-win options, as works of art often have a very stable value in the market.