Non-fungible tokens (NFTs) have become one of the most popular items in cryptocurrency over the past few years, with billions in trading volume and a slew of celebrity endorsements pushing digital artwork to the forefront of mainstream media outlets.
The popularity of Non-fungible Tokens (NFTs) is rising rapidly, not only within the cryptocurrency industry but around the world.
The growing interest has led many individuals to seek information on how to create NFT art, joining the growing trend.
This article explores the benefits that artists can reap from creating Non-fungible Tokens (NFTs), digital assets based on blockchain technology.
NFTs can represent a variety of rare and unique items, such as virtual real estate, digital art pieces, collectible sports cards, and many more.
Both traders (collectors) and creators (artists) can earn substantial income from NFTs. You will learn the process of how to make NFT art in 6 easy steps.
Plus, we’ll answer the question of whether it’s possible to create NFT art without coding.
In conclusion, this article provides a comprehensive overview of the benefits of creating NFT art and the steps to get started in the emerging market.
Why Should You Create an NFT If You Are an Artist
The traditional art world has often seen artists face challenges in profiting from their art, even as its value grows. However, this is not the case with NFT art.
As an artist, creating NFTs should be a consideration due to the following three key benefits. You can find a list of top nft art marketplaces on our blog.
Lifetime Royalties
Artists can capitalize on NFTs by not only selling their digital artwork once but also receiving continuous income from it. By programming royalties into their NFT art, artists can earn a percentage of sales profit whenever the artwork is resold. This percentage, ranging from 2.5% to 10%, ensures that the artist will receive ongoing interest from lifetime resales of their NFT art.
Cheap setup
Selling NFT art online through peer-to-peer marketplaces opens up a global audience and eliminates the need for traditional art sales channels such as auction houses and galleries.
This means that artists can keep a larger portion of their sales profits.
Verifiable and Authentic
NFT art provides an undeniable certificate of authenticity as the entire transaction history, including the creator, purchase price, and subsequent owners, is recorded on the blockchain.
This creates a level of transparency in the art market that was previously unattainable in the traditional art world, enabling a more informed buying and selling process. Explore the step-by-step guide to creating NFT art and experience the benefits of ownership and market transparency for yourself.
How To Make NFT Art in 6 Easy Steps
To create a digital art token, simply follow these steps:
Choose an NFT Marketplace: OpenSea.io is the largest NFT marketplace in the industry and offers two categories to choose from.
With the increasing popularity of NTF, there are now two types of NFT marketplaces to choose from when creating your digital art token: curated and open marketplaces.
Curated marketplaces like SuperRare, prioritize high-quality digital art tokens and limit their creators to authorized artists. However, they have limited flexibility in royalty percentages and higher transaction fees.
On the other hand, open marketplaces like OpenSea.io allow anyone to create and mint NFT artwork.
They are ideal for artists looking for more freedom in their royalty percentages and lower transaction fees.
In this NFT marketplace category, you can express your creativity by creating an NFT using a photo, video, or audio file. In addition, you have control over the royalty percentage for each token sale. OpenSea and Rarible are popular platforms in this category, however, there is a risk of imitators and fraudulent activity.
This beginner-friendly guide shows you how to create a digital arts token by using OpenSea as an example marketplace to use and open an account with.
Set Up a Digital Wallet
To proceed with NFT creation, you need to set up a digital wallet to store both your NFTs and cryptocurrencies, particularly Ether. Ether is essential because many NFTs are built on the Ethereum blockchain, and the ETH is utilized to pay the gas fee (transaction cost) on the Ethereum blockchain before listing your newly minted NFT.
OpenSea suggests using the MetaMask cryptocurrency wallet via the Google Chrome extension to buy ETH and create NFTs. If you already have an existing cryptocurrency wallet containing ETH, you can transfer the ETH to your newly created MetaMask wallet. Please note that creating an NFT may require approximately £10 to £200 worth of ETH for gas fees. If you have sufficient funds, proceed to the next step.
Create Your Collection
At this stage, you are not yet ready to create your digital arts token. In your OpenSea account, locate the “My Collections” option and click on it. This will serve as a showcase for your digital artwork. Customize your collection by providing a name, and description, and uploading a display image.
This sets the foundation for displaying your artwork after they have been successfully created.
Creating Your Digital Arts Token
Once you’ve finalized your collection, it’s time to start the NFT creation process. Click on “Add New Item” to get the option to upload metadata, including visual files (JPG, PNG, GIF, etc.), audio files (MP3, etc.), and 3D files (GLB, etc.), as well as give your token a name. You can mint an unlimited number of tokens, but keep in mind that you must mint them one at a time. It is crucial to also consider the number of editions you want to create for each token.
Creating a single edition of your digital art token makes it even more valuable and unique.
Here, you have the ability to create multiple copies of the same token by simply adding an edition number. You can also add relevant properties, levels, and stats to help potential buyers sort through your collection. Properties can include, for example, the creation date. Once you have completed all the necessary details, such as adding social links, and updating the image, description, and name, click “Create” to publish your NFT to the blockchain.
Note that this will require Ether (ETH) to cover approval and gas fees. Finally, choose the preferred payment tokens for your digital art and set the desired royalty percentage to be received on secondary sales.
The next step after creating NFTs is to list them for sale. You can opt for either a fixed-price or auction listing and set your desired price. Please note that if it’s your first time creating and selling an NFT, you’ll need to pay a gas fee before listing it on the AI blockchain.
Promote Your Work on Social Media
Maximize your sales opportunities by building a large fanbase. Share your direct link with potential buyers and use social media to promote your artwork and reach more fans.
AlphaCorpConsulting is a top blockchain company that can help you build your nft art work. Use our NFT blockchain development services today!