How To Turn Your Digital Art Into NFTs And Sell It
How To Turn Your Digital Art Into NFTs And Sell It
You can turn your digital art into NFTs if you are creative and have a personal computer.
What is an NFT?
NFTs are nonfungible tokens. In economics, the word “nonfungible” is often used to describe things like being unique and not being able to be traded for something else. Nonfungibility in the crypto world just means that one thing can’t be traded for another.
As a unit of account, a “token” is a certificate of validity that is stored on the decentralized blockchain. This makes it possible for everyone to track and use digital assets. So, NFTs are a one-of-a-kind type of virtual currency that can be almost anything. They usually come in the form of paintings, videos, music, collectible items in video games, or any other type of creative digital production.
Since NFTs became popular in early 2021, people all over the world now buy and sell these tokens. But how can real digital art be turned into NFTs, and how can NFTs be sold? Is it tough? To make an NFT, do you need to know how to code?
In short, the steps are pretty easy. Read this quick guide to learn about the main steps and how they work.
What is crypto digital art?
NFTs are most often used for digital art, so it’s no surprise that crypto art in the form of NFTs has become very popular recently. The fact that the new blockchain technology makes it possible for artists to make tens of millions of dollars from their digital paintings attracted many creative people who could only dream of such ease and accessibility before.
People have paid a lot of attention to high-profile auctions of NFTs related to digital art which was very exciting. People read about the most expensive sales because they brought in millions. “Merge” by the anonymous digital artist Pak was the most expensive NFT in 2022, costing $91.8 million.
Everyday: The First 5000 Days NFT collection by artist Mike Winkelmann, also known as Beeple, was sold for $69.3 million at a very expensive auction in 2021.
Crypto art is usually associated with one-of-a-kind works of art made by well-known artists and sold at auctions on platforms like Sotheby’s and Christie’s as well as on popular NFT platforms. Still, most of the art in the crypto space is made by unknown beginners who are very talented.
But some NFT collections, like the first one, CryptoPunks, or the most popular one, Bored Ape Yacht Club, which came out recently, are examples of generative art. Most of the time, this kind of art is made with the help of different autonomous systems. The pictures in these popular collections are made by putting together a few simple parts of pictures in different ways.
How to turn your digital art into NFT?
If you are already wondering if you should turn your art into an NFT, the answer is “yes, why not try?” Making an NFT isn’t hard, expensive, or hard to understand. All you need is a personal computer and some creative skills.
Again, it’s important to note that NFTs can potentially convert not only images, but also songs, videos, GIFs, and other digital files. So, the first step is to choose an art field that suits you best. Depending on this, you’ll know what kind of skills you’ll need to be a real NFT creator.
For example, if you want to be a graphic artist, you will need to use tools like Adobe Illustrator, Adobe Photoshop, MS Paint, CorelDraw, and others. You can also try other ways, such as three-dimensional (3D) modeling, which is known to be harder for beginners. If you choose 3D animation, you will have to use 3D modeling tools like Blender or Cinema 4D to make animated graphics and characters that will then be turned into NFTs.
After that, you’ll need to come up with a unique idea for a single piece of art or maybe a whole collection, and think about what it will be used for.
Is coding necessary for NFTs?
You don’t need to know how to code to make an NFT from digital art. “Minting” is the process of making them. It means putting a unique copy of the token onto the blockchain. Once they are made, NFTs are “minted,” just like metal coins are made and put into circulation.
After this process, the piece of digital art is safe and can’t be changed. It is also hard to change. Since this digital item became an NFT, it can now be bought, sold, and digitally tracked when it is resold or reclaimed.
Minting NFTs into digital art is a new way for artists to get fair money for their work. On most NFT marketplaces, artists can set up a royalty clause when they mint their tokens so that when their works are sold again, they get a passive income. If more people want to buy the art and it becomes well-known and valuable, the artists can benefit.
Minting is a process that is done automatically on most NFT marketplaces. To get it going, you’ll need to do a few simple things, as shown below:
Still, if you have experience in this field and want to become an NFT developer, you can try to code one yourself. If you want to learn more about NFT programming, you should know that NFTs are still only being made on the Ethereum network.
Using the digital art NFT marketplace to create and sell your NFTs
Choosing the right NFT platform is an important step in the process of minting NFTs. The right choice depends on several things, like the file formats that are supported, how well the crypto wallets match up, how easy it is for users to access the platform, and how much it costs to mint an NFT or pay a transaction fee, which is a payment made to cover the energy needed to process and validate transactions.
In the crypto space, there are a lot of different online NFT marketplaces, and each one works a little differently. The most important thing for artists is to know if the platform is curated or self-service, and to choose the one that is best for them, most used, and easiest to use.
Self-service or uncurated NFT platforms let all artists use them for free. To put NFTs on them, you only need to sign up through a cryptocurrency wallet and pay the transaction fee. OpenSea and Rarible are two of the most well-known mass self-service NFT marketplaces.
Curated NFT platforms are pickier about which artists they let on. To sign up and start minting your art on these platforms, you will need to fill out an application with all the information about the NFT collection and your previous art experience.
Another obvious problem with curated NFT marketplaces is that it takes a long time for the experts to make a decision. Due to these strict selection criteria, however, most of the best digital art is shown on these platforms, so buyers can trust the artists who work with them. SuperRare and Nifty Gateway are two well-known curated platforms.
Setting up a cryptocurrency wallet
You will need a cryptocurrency wallet to use NFT platforms, sign transactions, and keep track of your balances.
Before you set it up, the most important thing is to make sure that the wallet is compatible with the cryptocurrency you want to use on the NFT platform. Since most NFT marketplaces are built on Ethereum, they accept Ether as a form of payment. Because of this, you need a crypto wallet with some ETH on hand. There are a lot of crypto wallets out there, and millions of people already use them. Many of them can do different things, and some of them have their mobile apps and browser add-ons to make it easy to use blockchain-based platforms.
Which cryptocurrency wallet is right for you will depend on how safe you want your money to be. There are three main kinds: custodial, non-custodial, and hardware. A custodial wallet is also called a hosted wallet because the user’s money is automatically kept in it by a third party, similar to how banks keep the money in checking and savings accounts.
People say that it is the easiest to use and set up. A noncustodial wallet gives users full control over the security of their crypto and doesn’t rely on a third party to keep funds safe. A hardware wallet also called a “cold wallet,” is a physical device that users can use to store their cryptocurrency offline and keep it safe even if their computer is hacked.
How to sell digital art as NFTs
Most likely, the NFT sale will be the end of your NFT minting. Most NFT platforms have a way to choose how to sell your NFT or a way to set a price for it when you mint it.
At the moment, the two main ways to sell NFTs are through a fixed-price sale or an auction. A fixed-price sale is thought to be the easiest and most direct way to sell something. This way, all you have to do to sell your newly made NFT is say how much you want to get for it. Some platforms will also ask you to set a royalty percentage, which is the amount you will get if your art is sold in the future. This is also important to keep in mind.
You can also sell your NFT by putting it up for bid. Buyers can look at your digital art and bid on it. Some auctions only happen online, while others end with a full-blown live auction. Most of the time, there are two kinds.
The first kind is an English auction, where the price goes up, and the person who bids the most wins in the end. A timed auction is a type of English auction where an NFT can be bid on for a set amount of time, and the collector who bid the most at the end wins. The second kind is a Dutch auction, in which the price of your NFT goes down until someone buys it.
It’s up to you how you want to sell your NFT. Each way has its pros and cons, such as the fact that you might not know how much your art is worth if you set a fixed price or that auction sales depend on time.
Do you have questions about how to find your ideal niche? Let us know in the comments below!
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