How to convert your digital art into NFTs and sell it

What is an NFT?

Nonfungible tokens are NFTs. The adjective “nonfungible” is often used in economics to represent features such as uniqueness and non-interchangeability. Nonfungibility is simply an indication that one item cannot exchange for another in the crypto space.

As a unit account, a “token” is essentially a certificate of valid stored on the decentralized Blockchain. This makes digital assets trackable and easily accessible to all. NFTs, a unique virtual currency, can be classified in almost any category. They are usually made of videos, music and collectible items from video games.

Everybody is now selling and buying NFTs worldwide since the boom in NFTs in early 2021. How can one convert real art into NFTs? And how do they sell them? Is it difficult? Does it require coding to create an NFT?

The steps are very simple. This quick guide will help you understand the process and all its details.

What is crypto art?

NFTs are most commonly used in the art industry. It is not surprising that NFT-based crypto art has seen a surge in popularity. Many creative people were attracted to the fact that blockchain technology allows artists to make tens of million dollars selling digital paintings.

The sensational, high-profile auctions that featured NFTs related to digital art have attracted a lot of public attention. These were the most expensive sales, fetching millions. The most expensive NFT in 2022 was “Merge”, a pseudonymous digital artist Pak. It cost $91.8 million.

2021’s Everydays: The First 5000 Days NFT Collection by Mike Winkelmann (also known as Beeple) was another extremely expensive auction that was sold for $69.3 Million.

Crypto art includes unique pieces of art created by well-known artists that are sold at auctions on marketplaces that also include traditional auction houses such as Christie’s and Sotheby’s. Despite this, most art in crypto is created by untrained beginners.

Some NFT collections, such as CryptoPunks (the pioneer) and the Bored Ape Yacht Club (the most recent), are examples of generative arts. This kind of art is often created using various autonomous systems. These images are made by combining a variety of picture components in various combinations.

Related: How do you assess the value and utility of an NFT

How to make your art a NFT

You may be wondering if your art should be converted into an NFT. The answer is clearly “yes.” It is not difficult, expensive, or technical to create an NFT. It only requires a few creative skills and a personal laptop.

It is important to note that NFTs are capable of converting images, songs, videos, GIFs, and other digital objects. First, choose the right art field for you. This will help you determine the skills required to be a true NFT creator.

As a graphic artist, for example, you’ll need to be able to use Adobe Illustrator, Adobe Photoshop and MS Paint. CorelDraw is also required. Alternative methods such as 3D modeling, which is more difficult for beginners, are also available. 3D animation requires you to use 3D modeling tools like Cinema 4D or Blender to create animated graphics and characters which will then be converted to NFTs.

Next, think of a unique concept for your artwork, or a complete collection. Then consider the content it will ultimately turn into.

Does coding need to be done for NFTs

An NFT can be created from digital art with no coding. Minting is the process of creating them. It’s basically publishing one instance of the token to the blockchain. Like metal coins, NFTs can be minted after they have been created.

This makes the digital art secure, tamper-proof, and difficult to manipulate. This digital item can now be purchased, sold, and tracked digitally when it is resold, recollected, or resold.

Artists can mint NFTs to digital art, which is a novel way to make a fair profit. Artists can set up a royalty clause on most NFT marketplaces so that secondary sales of works they create will result in passive income. Artists can reap the benefits of increased demand and a higher value for their artwork.

Minting can be automated and is available on most NFT markets. You will need to follow the steps below to get started.

If you have the necessary skills and experience to create an NFT, you may be able to do it yourself. You must remember that NFT programming is still a niche subject.

Solidity is the most popular coding language for NFT development. It was designed to create smart contracts on the Ethereum blockchain. Other languages include Javascript and HTML/CSS. The InterPlanetary File System is used to store NFTs of artists.

Choose the NFT marketplace to sell and make your NFTs

The selection of a good NFT platform is an essential step in the process of minting NFTs. The best choice will depend on many factors such as supported file format, crypto wallet match, accessibility to platform for users, and a price for minting an NFT or a transaction charge. This payment is made to offset the computational energy required to validate and process transactions.

There are many online NFT marketplaces available in the crypto market. Each one operates differently. Artists need to know whether the platform is self-service or curated. This will help them choose the best one that is most appropriate, visited, and user-friendly.

All artists have free access to any NFT platform, whether they are self-service-based or not. To upload NFTs to them, you just need to register using a crypto wallet and pay the transaction fees. These NFT marketplaces are the most popular, including OpenSea (mass self-service) and Rarible.

Curated NFT platforms have a higher selection of artists. You will need to fill out an application detailing your artistic history and the NFT collection in order to register on these platforms and begin minting your artwork.

The long wait period for experts to make a decision is another disadvantage of curated NFT markets. These platforms showcase only the best digital artworks, which is why buyers are more confident in artists who work with them. Nifty Gateway and SuperRare are two of the most well-known curated platforms.

Similar: NFT Marketplace: How can you buy and sell non-fungible tokens

Set up a cryptocurrency wallet

You will need a cryptocurrency wallet to sign transactions, access NFT platforms and manage your balances.

It is important to ensure that your wallet matches the cryptocurrency you plan to use before setting it up. Most NFT marketplaces use Ethereum as their platform. They accept Ether (ETH), the native Ethereum cryptocurrency, as payment. It is important to keep some ETH in your crypto wallet.

Many crypto wallets have millions of users. Many have different functionality, and some have their own mobile apps and browser extensions that allow easy access to the blockchain-based platforms.

Your level of security will determine which cryptocurrency wallet you choose. There are three main types: noncustodial, custodial, and hardware wallets. Hosted wallets are also known as custodial wallets. Users’ funds are stored automatically in the hosted wallet by a third party. This is similar to how banks store money in savings and checking accounts.

This is the easiest to set up and most user-friendly. Noncustodial wallets give users full control over the security of their crypto. They don’t rely on any third party to keep them safe. A hardware wallet (also known as a cold wallet) is a physical device that protects crypto assets offline in the event of a hacker attack.

How to sell digital art using NFTs

NFT sales are likely to end your NFT minting. NFT platforms allow you to select a selling method and set a price while minting your NFT.

Auction and fixed price sale are the two main ways to sell NFTs. Fixed-price sales are considered the most straightforward and transparent way to sell NFTs. This is the easiest way to sell your newly minted NFT. You will need to only specify the price you wish to sell it at. You may also be asked to specify a percentage of the royalty you will receive for future sales.

An auction is another way to sell your NFT. Buyers can view and bid on your digital artwork. Auctions can be either online-only or live. They come in two forms.

An English auction is the first. This auction has an increasing price and the highest winning bid wins. A timed auction, which is an English auction where NFTs can be bought over a time period and the winner is the collector who submitted the highest bid, is a special type of English auction. A Dutch auction is the second type. This auction has a declining-price format in which the auction price drops until someone purchases your NFT.

You can choose which method of selling NFT. Each method has its pros and cons.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

Close Bitnami banner
Bitnami