What’s up, it’s @hackedongrowth here, Anybody can make and sell his unique NFT – the non-fungible (one-of-a-kind) token that everyone is buzzing about.
An NFT is the biggest trend in the cryptocurrency world.
You've most likely heard little about them already.
So, what exactly is an NFT?
Is it a type of art?
Is there a platform?
What kind of coins is it? And what can creatives do to profit from this latest craze?
Although the notion may appear hard at first, anyone may upload their NFTs.
Non-fungible tokens (NFTs) are getting popular not just in the cryptocurrency market, but also internationally.
This rising popularity has inspired many others to look up how to make NFT art and finally join the craze.
Although if you don't have a bitcoin wallet or have no understanding of how cryptocurrency works, the complete process takes only 15 to 20 minutes.
This fast and easy guide will show you how to build a MetaMask wallet, link it to an OpenSea account, and publish your first artwork for everybody to see.
So, what exactly is an NFT?👈
To start, non-fungible tokens are blockchain-based digital assets that refer to a variety of rare and unique objects like virtual real estate, digital works of art, collector sports cards, and much more.The Ethereum blockchain has a non-fungible token called an NFT. But what exactly does it indicate? "Non-fungible" essentially indicates that it is one-of-a-kind and cannot be copied.
Bitcoin, like any other cryptocurrency, is interchangeable, meaning you can simply swap one bitcoin for another and obtain the exact same product.
A one-of-a-kind piece of art, on the other hand, cannot be duplicated.
However, NFTs aren't just for photos.
In truth, any digital thing may be sold, but until more sophisticated technologies are developed (how about uploading your brain to the cloud and turning it into an NFT? ), everyone is largely selling digital art.
These tokens bring in a lot of money for a lot of individuals.
😨And even though?
The advantages of making NFT art for digital artists will be discussed in this blog.
Why do people pay exorbitant prices for NFTs? You might conceive of NFTs as a digital-art-based progression of fine art collecting. Here are a few examples of items that were sold as NFTs:
You Should Create An NFT As An Creator? Why?
- Trading cards in the virtual world
- Video clips and music
- The arts of video
- Decentraland is a site where you may buy virtual real estate.
- & much more.
You Should Create An NFT As An Creator? Why?
Creatives often tried to make more money from their work throughout history, even as the worth of their work has increased. However, this example does not fall under the scope of NFT art.
Because of these key reasons, if you are a creator, you should consider developing an NFT.
Lifelong Royalties: Creators receive money from their digital art tokens not only once, but for the rest of their lives. You may encode royalties into your digital artwork to get a part of the sale proceeds whenever the artwork is purchased by a new customer.
A proportion encoded into the artworks may vary from 2.5 % – 10%, ensuring that you get interested paid on NFT art resales for the rest of your life.
Verifiable and Credible: Although anybody may see, connect to, or download your digital artwork token, it is only held by one person at a time.
So because creator, purchase price, and future owners and acquisition prices are visible and travel with the item once it is registered into the blockchain, it has undeniable proof of authenticity.
It leads to a level of business openness that has never been seen before in the realm of conventional painting. Honestly, I watch a 3D designer that makes fantastical pieces of art and sells them as NFTs on the SuperRare website.
Create Your First NFT
A mind-blowing way of making NFT art.
👉 Make a One-of-a-Kind Piece of Art
At first, the stage is to produce a one-of-a-kind piece of art that will be submitted as an NFT on the OpenSea website. Your NFT doesn't have to be a picture; it may be a video, audio, or 3D model. JPG, PNG, GIF, SVG, MP4, WEBM, MP3, WAV, OGG, GLB, and GLTF are among the file types supported by OpenSea.
👉Pick NFT Marketplace
(OpenSea.io is the biggest in the market).This peer-to-peer marketplace has two categories from which to choose:
Curated Platforms: Only approved artists are allowed to mint or manufacture digital art tokens in this NFT marketplace category. They are primarily interested in high-quality digital art tokens, rather than low-cost artifacts.
SuperRare, for example, is a selected NFT marketplace. They charge greater transaction costs and offer less flexibility in terms of the royalties rates that may be programmed into your artwork.
Self-Service Platforms: This peer-to-peer marketplace category allows anybody to make their own NFT with whatever they want. As a result, you may use a photo, a movie, or an audio clip to create your own. It also enables you to charge whatever royalty percentage you want for each token sale.
This category includes platforms like OpenSea and Rarible.
There are frequently too many imitators and scammers in this kind of NFT marketplace, which poses a concern.
It's time to move on to the following stage after you've decided which marketplace to utilize and created an account with it.
However, because this is a beginner-friendly post, it will utilize the marketplace OpenSea as an example of how to generate your digital arts token.
👉Create a Digital Wallet.
The next stage is to create a digital wallet in which you can keep both your coins and NFTs.Yes, cryptocurrencies, specifically Ether, are required for the construction of NFTs. One of the exchanges that are now on Wall Street is 👉 Coinbase (NASDAQ: COIN), a cryptocurrency exchange, which is one example.
Because numerous NFTs are produced on the Ethereum blockchain, it would be advantageous if you possessed Ether. Before publishing any token you've created, you'll need to pay the gas charge, which is the cost of an Ethereum network transaction.
OpenSea normally suggests downloading the MetaMask cryptocurrency wallet's Google Chrome plugin, purchasing ETH, and getting ready to mint NFTs.
It's a safe Ethereum wallet that's also totally free.
Assume, however, that you already have ETH in another cryptocurrency wallet. In such a situation, you can create a Metamask wallet and move your ETH from your original wallet to it.
Ⓜ Note: - While generating, it costs about £10 to £200 in ETH to pay for gas expenses. Remember that the password you select isn't as crucial as the secret recovery phase. It's advisable to note is written on a sheet of notepad and keep it somewhere protected.
👉Make Your Own Collection
At this time, you are not producing your digital arts token. My Collections will appear on the interface of your OpenSea account; click it. It functions as a digital art store or gallery.Now you can personalize your collection by giving it a name, adding a description, and uploading a display image. This lays the basis for you to show off your work once you've finished it.
When you're finished, go to the upper right corner and click Create to upload your artwork.
You'll need to give your artwork a name and a description.
You may also provide an external link to advertise your artwork. It's time to start the main part of the NFT creation procedure.
Also, it's crucial to consider how many different copies of the same token you would like to create.
Stand-alone Token: This means that just one duplicate of that particular digital art token may be created, making it even more precious.
The Edition Tokens: You may make as many copies of the same token as you like using the Edition Tokens. To identify between each duplicate, simply add the edition number.
Then, when appropriate, add attributes, levels, and analytics to help customers sort your artwork as they browse your collection.
The date you produced the token is an example of a property.
Click "Create" to add your NFT to the blockchain after you've supplied all of the essential data, such as social links, an updated image, a description, and a name.
This step will require ETH to pay for approval and gas costs.
After that, you may select the payment tokens you want to accept for your digital work.
You may also choose the royalty percentage you want to get on secondary sales of your artwork.
👉🙀 Voilà ! Now, Make a list of your artwork.
After you've finished creating your NFTs, the following step is to sell them. You can pick between a fixed-price listing and an auction where you can choose your own price.
Users must pay a gas cost before listing their artwork if it is your first time making and selling an NFT.
Your artwork is now shown in your collection.
When you click on it, you'll view the piece's complete statistics.
Click on Listings, then Sell to sell it.
You'll be directed to a new screen where you can choose between a fixed or timed auction, choose the price, and set the length.
There are other alternatives to offer it as a package or set it aside for a specific customer.
Please remember that you must pay the charge (2.5%), therefore if your wallet balance is less than 0.05 ETH, you may need to deposit more funds to finish the listing.
Use social media to advertise your work.
You'll need to cultivate a large fan base to increase your chances of selling your work.
As a result, you should share your direct connection with potential purchasers and promote your artwork on social media to help people find it.
Conclusion
The NFT market is still in its early stages, and there are several opportunities for expansion.
The whole NFT market was only worth £30 million a few years ago.
However, the market has risen to over £300 million in recent months, as the excitement around non-fungible tokens has grown, with important personalities, institutions, and others adopting the trend.
Getting in early will offer you an advantage over other artists in the long run, and this article will show you how to get started.
If you want to take yourself to the next level by utilizing cryptocurrency,
Is bitcoin is a good investment? 👈 you can check out this blog
This study covers the procedures to take for investors who have done their homework and are interested in exploring a potential investment in cryptocurrency.
For the time being, I can give advice to you to do so. Perhaps you'd want to boost your financial self-assurance. Your inherent strength. You are your higher self. Just follow me
Thank you for reading. Please do me a favor if you liked this idea follow me if you haven't already and feel free to comment below
I read every single comment I do my best to reach as many people as possible to answer
So if you won't leave your thoughts below feel free to add me on
Instagram - @hackedongrowth
Facebook(meta) @hackedongrowth
Pinterest @hackedongrowth
