The Step-by-Step Process for Creating and Selling NFT Art

Share This Post

Since last year, the value of various non-fungible tokens, such as images, videos, and even virtual world real estate, skyrocketed. NFTs got so popular that they broke record highs in the crypto world. Digital assets have sold for millions of dollars at auction houses with no material things traded. Moreover, 2021 saw a 24.9 billion dollar increase in NFT sales over the previous year’s $94.9 million.

You may create your NFT at a slew of online markets. To date, OpenSea has been the largest NFT marketplace in the world. In addition, there is no evaluation; you can share and list your digital art for sale right away without waiting for a response.

With that in mind, artists, designers, and creators may profit from NFTs, including generating money from their work. It also deems the question, “how do you create NFT artworks?”.

Here are detailed instructions on creating and selling nft art:

What is an NFT Art?

Non-fungible tokens (NFTs) are digital assets that reside entirely in the digital realm; you cannot touch them, but you may possess them. 

An NFT can refer to any digital file, including artwork, articles, music, and even memes. For instance, “Disaster Girl,” the original picture of the meme. A collector purchased this for $500k in 2021.

For first-timers, it’s vital to grasp what a ‘Fungible Token’ really is. If we think about these in monetary terms, a 100-dollar bill may be traded for five 20-dollar bills yet preserve its worth, indicating that a 100-dollar bill is fungible with no intrinsic value.

You cannot exchange an NFT for any other token of equal value. It also implies that, like with any investment, the asset’s value may rise or fall in the upcoming years, depending on market conditions. 

Can anything be an NFT?

NFTs can be anything and everything — as long as it’s digital. It can be a digital drawing, music, or tweet. Another example is the co-founder and CEO of Twitter, Jack Dorsey. He dove into the NFT world by selling his first NFT in the form of a tweet. He tweeted his first tweet and made it an NFT on March 6, 2021. Ever since this happened, the bidding surpassed $80,000.

What are the benefits of learning how to create an NFT?

You might be wondering why you should even sell nft art? What does this mean for artists? Above that, what are the implications for artists and the creative sector of digital art? Here are the many reasons why:

Complete Ownership and Rights

Before the emergence of Cryptocurrencies, we never actually got to possess anything fully digital. We shared films and motion graphics, reworking and distributing them, but there wasn’t this contemporary possibility to immediately claim total, actual possession over a digitised item or work. The emergence of NFTs alters this, enabling artists the power to lease digital works, sell them, or exhibit them however they want.

With this method, designers may generate their work more quickly while still reaping the benefits of their creative genius. Due to this, you don’t need to chase customers for payment, prepare files for print, wait for feedback, or modify and change your work to meet a client’s demands. To market your work, you need to obtain “legitimate” property. However, when you make NFT art, it is minted on the Blockchain.

Blockchain technology serves as the transaction system. This way, it makes your nft artwork hard to defraud. Additionally, whatever digital artwork you make and sell — you will be the artist. 

A New Method To Earn Money

For designers to make money from their work, NFT art offers a whole new technique to classify digital artworks. It is an easier and faster method for designers to generate work and be paid for it. Clients aren’t pursuing money, and you don’t have to worry about producing files for publication or waiting for feedback before making changes to your work.

Good Global Impact

Back in the day, artists mostly sold and showcased their work through art galleries. Until recently, designers and artists were able to make money via real-world events like exhibits and fairs. On a worldwide scale, some creators were unable to sell their products to purchasers because of the advent of NFT trading. This has allowed art collecting to go online.

As a result, many graphic designers find it challenging to maintain a stable source of income without taking on additional work that is not directly relevant to their field. It takes stability to blossom, but you may find long-term clientele or a steady workflow. 

However, breaking into this highly competitive market might be difficult if you haven’t previously built a solid foundation. An NFT’s ability to quickly create cash might open up many possibilities for creatives, particularly those from less advantaged backgrounds.

A Step-by-Step Guide to Making NFT Art

Whether or not you can identify with any of the features mentioned above, learning how to make NFT art is the same. Here’s a step-by-step guide:

Step 1: Setting Up a Cryptocurrency Wallet and Buying Ether

To create NFT artwork, you must first choose which Blockchain you want to use to mint your NFT. A wide range of blockchains, each with its unique features, support the NFT token standard. Make a comparison of the pros and cons of the various blockchain technology.

The Ethereum blockchain’s native cryptocurrency is Ether. There are a lot of NFTs and markets on the Ethereum blockchain; therefore, learning to make NFT art requires a lot of interactions with this network. It would help if you acquired some Ether currency from an exchange and put it into a specified crypto wallet to begin making digital art NFTs.

There are a plethora of cryptocurrency exchanges. If you are starting, you can use a platform like Coinbase. Users may easily buy, sell, and trade cryptocurrencies on this popular trading platform. This platform is ideal for those just getting started in the cryptocurrency market.

As soon as you buy any Ethereum, you’ll need to keep it somewhere safe. To access NFT marketplaces, you’ll need a second wallet.

Step 2: Choosing From The Right NFT Marketplaces

In other words, you’ve made your artwork and verified its authenticity on the Blockchain; now what? The next step is to choose a marketplace for NFTs. These are the choicest sites and NFT platforms to sell your NFT art:

OpenSea 

OpenSea is the world’s biggest NFT market — especially for NFT creators and digital artists. As a result of its inception, it has handled sales volume totaling an incredible $10 billion. OpenSea has a free sign-up option. Anyone may offer their artwork on OpenSea because it is a peer-to-peer marketplace. As a result, getting started is a snap.

On this marketplace, you’ll discover a wide variety of NFTs. 

The term “digital art” encompasses a wide range of media types. A significant factor about OpenSea is that it requires no programming knowledge on your part. Another appealing aspect for NFT producers is the availability of lazy minting. You can mint NFTs without an upfront payment. Instead, the buyer is responsible for the expense of minting.

OpenSea is laudable for many reasons, but accessibility and consumer experience are two of the most prominent ones to highlight. While the platform is incredibly user-friendly and suitable for complete newbies to the subject, it also gives individuals all of the required tools to begin selling NFT artwork.

Rarible

Rarible sells over a value of $260 million NFTs. This site is a very well-known NFT marketplace. There are no restrictions on the kind of NFTs you may upload to Rarible and the products you can make and sell.

Code-free, lazy minting is one of the platform’s best benefits for merchants. If you have any problems, the platform’s department is quick to respond. In this regard, Rarible is a strong candidate for the sale of your NFT creation as well.

SolSea

When selling your NFT paintings, using the SolSea marketplace is an excellent option if you’ve utilized the Solana blockchain. It’s easy and convenient because of the minimal minting fees and quick transactions. You may add copyright licenses to the coin as it mints.

The SolSea NFT marketplace lacks an auction element at this time. 

You will need a Solflare, Sollet, or Phantom wallet to utilize SolSea. In other words, bear that in mind as you’re starting started.

NFT Showroom, Mintable, and SuperRare are three more NFT marketplaces you may want to check out.

Step 3: Building an NFT Collection and Connecting to the Marketplace

Let’s say you’ve chosen Opensea as your NFT marketplace. Now that you’ve logged onto OpenSea with your MetaMask wallet, you may begin producing NFTs. 

  1. Go over to the OpenSea main website and click the wallet symbol in the upper-right part of the page. 
  2. Select MetaMask from the drop-down menu. To access your “My Collections” page, you must first log in. You may find this segment beneath your profile picture in the drop-down menu.
  3. You’ll be sent to a screen with a slew of options after choosing to establish a new collection. 
  4. Choose a collection logo and banner, add a description, build a custom URL, etc. 
  5. Once done, click “Create Collection” and sit tight for the site to reload. 
  6. The site will direct you to your collection, where you may add an item by clicking the plus sign (+) on the top edge of the screen. Create a unique NFT in this section.

You will sort out your copyrights, forms of payment, and other details after creating your NFT art. You are responsible for determining the royalty percentage, which cannot exceed 10%. 

Following-up sale royalties on OpenSea allow you to earn a maximum of that amount. You’ll also have to decide where your collection will live on the Blockchain. 

What you take as compensation for your NFT is determined by this. If you’re just learning how to make NFT art, Ether and Ethereum are good payment options. 

Step 4: Crafting and Publishing an NFT

Your NFTs are finally coming to life. But, before this, you need to fill out a few more forms and token characteristics.

Uploading your files to the site is the first step, of course. You can submit a digital artwork, a photo, GIF, or any other file. OpenSea should still be able to handle 3D NFT artwork, even though the file extensions will be different.

The next step is to pick the attributes and metrics for your NFT after naming and describing them. To make your token stand out, you may add these features.

You only need to hit “Create” one more time to complete the process. Afterward, the site takes you to a preview page where you can see how your product will appear to customers.

Before selling or auctioning the token, ensure that you’re satisfied with how it came out. Your non-fungible token can only go in one direction, and you get to decide which direction it goes in.

You may use a single wallet account to buy your NFTs on the OpenSea platform, allowing private sales. A wallet window containing the gas fee you must pay to get your NFT coined will display after completing everything. It’s easy to understand that these costs may add up fast. To obtain the best gas prices, you should always attempt to time the market.

Step 5: Using Your Tokens

At this point, you must start thinking strategically about how to improve your workflows.

Let’s start with gas fees. Publish and selling NFTs all at once is not the best option because you’ll likely pay many fees. The bundled publication is another option that would allow you to mint tokens simultaneously, reducing your gas fees.

Keep up with cryptocurrency developments. The more the market congestion, the bigger the gas rates for Ethereum transactions.

In addition to other factors, the network’s popularity affects the volume of transactions. It’s possible to conserve a bunch of Ether if you know how to pace the market correctly.

Once you’ve finished that, you should focus on your collections. Ensure all NFTs are correct since you may have as many as you want on your account. This will assist prospective customers in finding your NFT artwork and giving them access to some of your other offerings.

Step 6: Getting The Word Out About Your Project

Now, your NFT art is published. But, where do you go from here? You can leave it and expect that someone stumbles across it. However, this is not an ideal approach. Learning how to create and sell NFT art doesn’t stop when you publish your work. It would be best if you publicized your token. This statement is especially true if you want to earn money from it.

Although the NFT marketplace is the industry’s primary center, your digital artwork NFTs might be over-shined by many others.

If you’re an established artist, things are a little easier. Offering non-fungible tokens to purchase your art might entice those already interested in your work.

You should, however, promote your NFTs in tandem with the building of your presence on social media if you don’t already have a following or are just getting started.

Pricing Your NFT Artworks

Even if you’re a seasoned artist, pricing your work might be a challenge. Consider your previous work experience, professional reputation, and fan base. You’ll also have to consider the expense of living — especially if you want to make this a source of income.

You should include the cost of the minting charge when pricing your NFT work. You don’t want to pay more than the NFT’s actual pricing. If you are a first-timer, this might be a factor. Do you have a group of people who will purchase your art from you regularly? Afterward, you’ll know how much they’ll charge.

However, if you are getting started in the NFT market, you may want to cut your pricing. The first time you participate in an NFT, don’t expect to make millions or even hundreds of dollars.

Ask yourself, how rare is this non-financial token? Do you think the buyer will be able to resell it at a more excellent price in the future? Alternatively, do you have a slew of comparable works that reduce its rarity?

You should be more confident in establishing the pricing of your NFT work if you keep these things in mind.

Closing Thoughts

Creating NFTs requires a somewhat high learning curve to begin with. Having a working knowledge of cryptography makes things easier than if you’ve never heard of it.

There is no need to worry if you’re unfamiliar with the subject matter since it shouldn’t take long to catch up. Having mastered the fundamentals, you’ll be able to go on with more ease.

You may wonder, “What are these principles?” All your NFT operations should be conducted on the finest marketplace, selecting the best wallet to store your funds (and earnings).

Related Posts

The 5 Safest NFT Marketplace to Buy & Sell in 2022

This guide will show five of the top hottest NFT marketplaces you need to try and sell your digital assets in 2022. We will also answer some of your burning questions about the NFT marketplace.

Why Are CryptoPunks so Expensive

One of the oldest NFTs is Cryptopunks. There are 1000 collectible characters on Ethereum. On the other side, their prices are extremely high. Discover why their prices are so expensive in this article.

NFT in the Wine Industry: Why the Sudden Obsession with NFTs

Anything under the sun that is digitized can be an NFT. But is an NFT wine possible? Find out why the wine industry is suddenly obsessed with NFTs.

Everything You Need to Know About Blockchain Advantages and Disadvantages 

Blockchain technology works to secure the integrity of your data. Most importantly, it increases trust and brings cost savings across the network.

The Difference Between NFTs and Cryptocurrency: Explained

Digital entrepreneurs are familiar with the terms, “NFT” and “Cryptocurrency”. In this article find out the difference between these two terms.

Proof of Work vs. Proof of Stake: Pros and Cons

Wondering what pros and cons do the proof of work and proof of Stake possess? We've you covered. This guide covers each aspect of the subject you need to know.