Are you an artist and want to create NFT art? – Non-fungible tokens (NFTs) are on the rise worldwide. NFTs are changing the way artists and creatives create and sell their artwork. The popularity of NFTs has people looking for ways to create NFT art and join the extreme euphoria.
NFTs are digital assets on blockchain technology that represent various items such as virtual real estate, digital art, sports trading cards and more. Are you an artist and want to create an NFT artwork? Here is a step-by-step guide.
Why create NFT art?
Many artists create art for the purpose of making money. It is a progressive nature that artists struggle with their works even as the value of their art increases. NFT art is very useful as it generates lifetime royalty income.
Lifetime royalty income means artists can sell their digital tokens as often as possible. In return, they receive a higher percentage of the sales profit.
There is a range of 2.5% to 10% that ensures artists earn income from lifetime resale of NFT art.
In addition, the sale of NFT art will take place through peer-to-peer marketplaces on the Internet, thus appealing to a wider audience. The artist does not have to deal with auction houses and art galleries, which makes this option cheaper. The NFT token is verifiable and authentic as it can only be owned by one person at a time. NFT art allows the artist’s fans to support his work and engage with the art on a deeper level.
NFTs are a new technology that allows for future value appreciation.
So how do you create an NFT?
Here are 5 steps to making NFT art:
1. Choose a marketplace
This is the first step in creating your artwork. There are two leading marketplaces to choose from.
- Curated Platforms – NFT Marketplace offers authorized artists the ability to mint or create digital art tokens. The platform caters to high-quality digital art brands, not low-quality collectibles.
An example of such a marketplace is SuperRare, which has higher transaction fees and less flexibility in license fees.
- Self-Serve Platforms – This is primarily a category of peer-to-peer marketplaces that allow you, the artist, to create your NFT with whatever you want. This can be a photo, a video or even an audio file.
OpenSea is a good start, offering a user-friendly experience and the easiest way to create digital art stamps (mint).
Once you’ve chosen the marketplace you want to open an account with, you can move on to the next step. In this tutorial, we use OpenSea as a case study.
2. Create a digital wallet
ETH is the original cryptocurrency of the Ethereum blockchain. It is specifically used to create NFTs, which means you will be dealing a lot with Ethereum when creating NFTs. ETH is used as gas fee for Ethereum blockchain transaction cost.
OpenSea also primarily needs MetaMask extension on Google Chrome. The first step would be to buy some Ethereum tokens on an exchange and transfer them to the wallet.
You can always choose other cheap blockchains and cryptocurrencies. However, keep in mind that many collectors and buyers use Ethereum. Therefore, using a different currency may decrease your chances of selling the artwork.
3. Connect the wallet to Opensea
Now connect your Metamask wallet to Opensea.
Once connected, you can access the “My Collection” tab in the drop-down menu below your profile picture.
This acts as a store or gallery for the digital art. You can then make your own customizations by adding a logo or banner to your collection. In this way, you create a basis for the presentation of your works of art.
4. Create and publish your NFT
This is the stage where NFT comes alive! Click “Add New Object” and upload the metadata including image, audio or 3D files. For image files you can choose between FPG, PNG, GIF etc., for audio files between MP3 and for 3D files between GLB, where you can specify your token name.
At this point you can mint an unlimited number of tokens. However, you must create one at a time and note how many versions of the same token you want to create.
You can also add attributes, rarity levels, and statistics where applicable to help buyers filter your artwork for the content they want.
After customizing all the properties, you can click “Create” which will add the NFT to the blockchain. In the next step you will be asked for ETH for authentication and the gas fee.
5. List your artwork for sale
Once you’ve created your artwork, you need to market it profitably. List your artwork for sale by selecting a fixed price list or auction and setting a price.
However, if you are creating and selling an NFT for the first time, you will need to pay a gas fee before displaying your artwork.
After listing the artwork, you can take the initiative and promote your artwork on various platforms to find potential buyers.
If you want to learn how to value an NFT, you can read the article How to Value and Sell NFT Art?
NFTs are still new and constantly evolving, so it’s an exciting time to be a part of them. Such a situation creates great potential for future projects. NFTs are also a new and exciting way to create and sell digital art.
If you are interested in becoming an NFT artist, we encourage you to familiarize yourself with the process and understand the NFT market.
Tip: Marketing and community play a big role in the NFT market: It would be helpful if you also know how to market your NFTs online.
Want to invest in NFT art? Then we suggest you the following article: Want to buy NFT art? This you should know
Can I create the NFT myself?
NFTs can be made from any digital file. You can create an NFT for a digital painting, text, tweet, piece of music or video. After all, NFTs are about turning digital artworks into “unique” pieces in an age of infinite duplication and storing them on the blockchain. So you can create an NFT yourself by converting your file to an NFT using our instructions (above).
How much does it cost to create an NFT?
The cost of creating an NFT can vary. On average, the cost of creating an NFT ranges from $0.05 to over $150. In general, costs depend on the scope of the project and the blockchain used. Some costs to factor in are blockchain costs, gas fees, marketplace costs, listing fees, and marketing costs. You can save costs by starting your NFT on a cheaper blockchain: for example, the Polygon and Solana blockchains are much cheaper than the Ethereum blockchain.
Can you make money with NFTs?
The answer to this question is yes. You can make money with NFTs. The best way to make money from NFTs is to create and sell them or trade them on the market. However, it is important to realize that the NFT market is highly competitive and volatile. You can lose a lot of money if you are on the wrong side of a trade. NFT projects are also easy to copy. You should always be on the lookout for scammers.
Jay Speakman is a technology writer based in San Francisco, California. He writes about Blockchain, Cryptocurrency, DeFi and other disruptive technologies. His clients include Avalanche, Be[in]Crypto, Trust Machines and more blogs dedicated to blockchain games. He will not rest until fiat currency is defeated.