I believe you guys are already well aware of this digital revolutionary concept called NFTs (Non Fungible Tokens). I won’t bore you with the details but if you are unaware of NFTs or Non Fungible Tokens, they are digital art which can range from a picture to video, or whatever you can think of digitally.
I’ll come to the point straight, you are an artist? You want to make money from your art? That too Digitally? Well, you’ve chosen the right article to educate yourself.
Now, not going into the depth, let’s see how you can create NFT and make money from it.
- Choose The Notion
Apart from my job (which I obviously love), I have a passion for football, music and games. So basically, if I want to make an NFT, it can be a moment in games like killing a couple of players with a headshot in Warzone or a song sung by me or just instrumental music.
The point is, any art you create, even if it is a part of your imagination (especially your imagination), can be converted into an NFT. Click a picture, make a painting, record a video, anything you can think of, is an NFT.
- Choose The Right Platform
There is a misbelief among people that they are required to have some particular set of skills in order to mint NFTs. A BIG NO !! You just need some basic knowledge and a platform to mint your Non Fungible Token.
You can choose from these easy to use NFT platforms to get started.
OpenSea
OpenSea is a well-liked and an easy to use platform for everyone, which uses Polygon and Ethereum blockchains. We all know the notoriety of Ethereum blockchain regarding how high it can go to charge you a gas fee, but rejoice, OpenSea have a solution for this too.
It has a lazy mint option, where you can mint your NFTs, and when someone tries to take over your artwork and makes payment for it, they will pay the gas fee, not you.
All you need is an Ethereum supported wallet. Sales will cut out 2.5% of creator fees upon the trade.
Rarible
You don’t want to go into OpenSea waters? That’s okay, you can go and explore Rarible to mint your NFT creations. It uses Flow, Tezos (Yes, that’s the one you saw on the front of the Manchester United jersey) and Ethereum.
It contains some fun attributes, like ability to exhibit a “sneak peak” of your creation to everyone, but complete accessibility is granted to the purchasers only.
All you need is a wallet supported by blockchains mentioned here, and fees will vary according to the particular bl;ockchain, though option for free mining persists here too.
LooksRare
Another platform you can explore is LooksRare, which emerged out of nowhere, and instantly became the contender of biggest NFT marketplace OpenSea (I am imagining the scene from Pirates of the Caribbean where “the Flying Dutchman” emerges out of nowhere during the battle to fight “the Black Pearl.”)
The platform charges 2% fees on NFT trade, and uses Ethereum blockchain.
- Connect And Develop Community
This is one important step you need to focus on. You need to make your reach, so try using social media handles such as Twitter, Insta, Discord, or whatever you are getting your hands on.
Expect to get majority of your info and develop authentic relationships via these types of communication platforms. When you are all set to sell your NFT, expect your community to be your top-notch marketing resource. It may sound like a cliche, but you don’t have to spend a plethora of money on marketing.
- Art Creation
As I mentioned above, NFT can be anything, a picture, gif, song, even a poem (written or verbal). So look into yourself, and ask, what is that one or multiple things that you can do and transform it into a digital version.
Each creator processes differently, but no matter what, you need to think regarding how your art will translate virtually.
You can utilize tools or materials you already possess, invest in latest tech or knowledge as required, look out for other creators and learn, consider your target audience, think about what kind of NFT you are making (image, song etc.).
Apart from this, you need to choose the file types such as jpg, mp3 etc. and size of the file should not exceed the limit the platform offers.
You need to choose the factor of accessibility, like in a Warzone video, I would insert funny subtitles to make it more engaging.
- Minting and Sharing
In OpenSea, minting process is simple. It is as easy as uploading the files, giving the description of your NFT and creating your profile, determining your royalties, and finish the listing.
As soon as the minting is done, it will appear in the profile. Blockchain data is open and accessible to everyone.
- Sell It !!
Here’s the moment we have all been waiting for. After all the hard work you’ve done it is time to get reward from it. After minting, you can now list your NFT for sales. Keep it simple, and as a beginner try to go slow and little. Start by listing your NFT for as low as 1ETH, or whatever lower (or bigger) amount you are thinking.
In the end, I just want to say NFTs are a great way to earn, especially if you are an artist. This space is spreading its prominence all across the globe. BAYC and Azuki are couple of live examples of how long you can go in this space in terms of affluence.
I don’t want you to get influenced by the next sentence you read, but for me, NFTs will become a mesmerizing concept and utility, and take over the world with Web3, metaverse and P2E gaming to open windows to let the peeps enjoy while yielding income for them.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2022/08/15/how-to-create-an-nft-a-beginners-guide/