Many artists and designers are looking into how to create NFT art as a potential new source of income. However, NFTs can be used to secure ownership of digital assets, provide access to new communities, and even register ownership of real-world items. Non-fungible tokens, or NFTs, are a fancy way of saying non-replaceable or unique. They make digital items scarce and rare, thereby increasing their value. An NFT represents ownership of a specific file or item on a blockchain, such as artwork, videos, in-game items, and even real estate. In recent years, there has been a lot of discussion about NFTs. For example, you may have heard that Beeple recently sold a piece of digital art for $69 million. Most NFT artists will not make nearly as much money from their work. However, learning more about how to create an NFT digital art is still worthwhile.
What is an NFT Art?
Before we get into how to sell NFT art, it's important to understand what NFTs are. Non-fungible tokens (NFT) are one-of-a-kind digital files. It is impossible to destroy or duplicate it, but they can range from common to extremely rare. If you collect regular artwork or paintings, you might have a concept for an NFT. Similarly, NFTs can be valuable because they can be resold and profited from. You can buy an NFT as an investment type using this strategy. If you're an artist, you can earn royalties based on how many times your work is sold. If you keep your sales up, you can earn royalties years later. A file that contains any type of digital art, such as video, audio, or digital drawing, is known as an NFT. It could even be a meme or a GIF.
How to Make and Sell NFT Art?
Let's get into the details on how to sell NFT art now that you know what an NFT art is and what it entails. Everything you need to know about making and selling NFT art is right here!
1. Choose a Blockchain
One of the first things you'll come across when learning how to sell NFT art is the authentication of your work on the blockchain. To complete this process, you must first comprehend the various dynamics and types of blockchains currently available. The reason for this is that each blockchain has its own set of tokens. In addition, the blockchain must work with both a digital wallet and a marketplace. You must recognize Ethereum as the original blockchain if you want to learn how to sell NFT art. Ethereum is arguably the most preferable option in blockchain technology. It has a reputation for being extremely safe and dependable. Polygon, Immutatate, and Tezos are among the other possibilities. Before making a final decision, we recommend reviewing all of these blockchains.
2. Choose a Marketplace
One of the first things you do when you decide to make and sell NFT art is to choose a marketplace. By selecting a marketplace, you will not only gain a better understanding of how to sell NFT art, but you will also ensure that your customers review all of your uploaded artwork before making a decision. OpenSea is arguably the largest NFT marketplace in the world. It has been processed with a staggering $10 billion in sales volume since its inception. Because OpenSea is a peer-to-peer (P2P) marketplace, there are no restrictions on the types of people who can sell their artwork.
You'll need a digital wallet to keep your cryptocurrency tokens safe. This is one of the most important aspects of learning how to sell NFT art. As previously stated, not every digital wallet is required to work with your chosen marketplace. You can choose from various digital wallets, including software and hardware options. The main distinction between these options is that a digital wallet can store your NFTs on the internet. On the other hand, the hardware digital wallet provides greater security and allows you to store your NFTs offline. The most popular digital wallets are MetaMask, Enjin, and Coinbase.
You must spend money before you have a complete understanding of how to sell NFT art and make money. Minting an NFT requires a significant investment. Minting is verifying your artwork on the blockchain of your choice. It is impossible to destroy, duplicate, or change it. If you want to sell NFT art, you must first mint it. In some cases, you may be required to pay the gas fee in advance and complete the blockchain validation of your NFT. There are a few marketplaces that prefer to mint slowly. You'll need a few tokens to pay for minting your NFT. The most widely used cryptocurrency is Ether. You must first determine which cryptocurrencies your marketplace accepts before making your decision.
5. Decide on a Platform
You can sell NFTs on various platforms that support various blockchains. As a result, it is impossible to describe all of them simultaneously, so we will suggest the best option for your project. Both OpenSea and Rarible are recommended platforms for creating NFTs. These platforms allow you to create NFTs on Ethereum for free. These platforms will result in satisfied customers because they will receive value for their time. These platforms are also known as 'lazy minting' platforms. Lazy minting allows you to create an NFT and display it on your sales program without having to write it to the blockchain, saving you money.
6. Put Your File Online
One of the most crucial aspects of learning how to sell NFT art is this. Now, add a description to your files and upload them to the specified marketplace. When considering a title/description as part of your strategy for selling NFT art, you must take a practical approach to understand it. If you want to upload your artwork, make sure you think about the file formats that your marketplace accepts. Most online platforms support PNG, GIF, JPG, and MP3 formats. Strikingly allows you to upload almost any file type to your professional website. A single file can only be 10MB in size. Each plan on Strikingly has a storage limit, which ranges from 500MB per site (free plan) to 10GB per site (paid plan) (VIP plan). If you want to upload your files to a specific website button, follow these steps:
To begin, go to the Strikingly website editor
On your specified button, click "Edit"
Drag the file to the forum or browse your computer to find it
Image is taken from Strikingly
Apart from that, here are the steps to managing your uploaded files.
Open the "upload file" dialogue box
Select the "uploaded files" tab
You'll see the number of downloads, storage capacity, and file type
7. Wallet Connection
The majority of digital wallets operate in the same way. So, once you've created a digital wallet, you'll need to connect it to the NFT platform, which will guide you through creating an NFT. However, when making an NFT, there are many other platforms to choose from. This is a critical aspect of learning how to sell NFT art.
When you want to make and sell NFT art, you must include a title and description for your listing, just as you would with many digital products. Take some time to think about it to increase your chances of making and selling NFT. You'll be asked to consider what percentage of your royalties you'd like to claim if your artwork is resold. You must understand that this is a delicate balancing act, as a higher percentage will allow you to earn more money per sale over time. People who would be willing to resell your artwork in the first place will be unable to do so because they will not be able to profit. There will be an optional field for the file's properties following that. You're done once you've filled it (or even if you don't).
9. Enhance Your NFT
Minting is an important part of the guide in selling NFT art because it transforms your artwork into an NFT that you can sell. If you want to learn how to sell NFT art, remember that you don't have to mint your work right away. Because gas prices fluctuate on the international market, you must mint it when prices dip. Otherwise, your profit will be lower than the amount you invested.
People are becoming more and more accustomed to NFT art. With the COVID-19 pandemic putting almost every source of income at risk, it's critical to turn to NFT art for massive profits. You will have many opportunities to grow your business once you completely understand how to sell NFT art. Most importantly, you can organize fundraisers to help your company grow.
With so many online trading and business applications, you can find certain platforms that can assist you in selling NFT art. You must make the right decisions and shape your future as a business owner. Strikingly is the online platform you can count on for your business needs. We always have faith in our users to make the best business decisions and improve their online reputation. Create a professional website on Strikingly and build from there to sell your artwork online.