In recent times NFT creation and minting have become one of the most lucrative options. Non-fungible tokens are unique property pieces as digital assets which are indivisible. Having an NFT means you are the owner of this property. In this guide, we cover all the aspects of how to create an NFT art, and it is definitely something you are looking for. Go ahead.
Charmin, an American toilet paper brand, updated multiple NFTs on the Rarible marketplace, which is based on toilet paper, in March 2021. The highest bid was $2000 for the arts posted in the same month. The fast-food chain, Taco Bell, used the Rarible NFT marketplace to sell its whole “Transformative Taco NFT collection” in less than an hour. Other brands, including Coca-Cola, Team GB, Asics, Adidas, and Nike, put their efforts into the NFT market as they are well aware of its future potential than having a nicely established business.
1. Popular Examples of NFT 2021
NFTs are not new to the industry; the first was created in 2014, namely "Quantum ."However, the term got popular in 2021 when Quantum was finally sold in June 2021 for $1.4 million. The biggest sale was shown in December 2021 of $91.8 million for “The Merge” by renowned artist Pak. Another well-established artist, Beeple, became the headline on March 21 for getting $69 million for his 5000 digital images. In the first quarter of December 2021, Bored Ape yacht Club, CryptoPunks, and The Sandbox were highlighted in the most popular non-fungible tokens list.
2. Top Artists Who Created Exceptional NFT Art Pieces
Some most popular artists who developed extraordinary NFT art are:
- Marina Abramovic: A performance artist famous for creating self-portraits. She made them by joining thousands of tiny squares, and all are moveable with each angle to make a full artistic picture of her body.
- John Baldessari: His arts comprised text, photography, and portraits. His popular work was "I Will Not Make Any More Boring Art.”
- JR: A French artist whose popular work is based on stencils. He made several portraits related to political and social concerns posted on the city walls.
3. Why Should You Learn How to Create an NFT Art?
NFTs protect businesses from losses like the infamous $31 million coupon fraud. These non-fungible tokens come counterfeit-proof due to their unique coding. Businesses shift to NFT’s promotional, discount codes, and loyalty cards replacing traditional ones. NFTs can be created for other purposes like:
- For brand awareness and better client engagement.
- To generate money source for charity.
- Securing business expansion in advance rather than depending on interest-based bank loans.
4. Are You Really Interested in Selling NFTs?
Suppose you are not clear about your desire to create an NFT or just doing as everyone is doing, so it's not your market. You must focus on a few considerations, as the major one is transaction fees. However, some platforms offer free services that users can use to avoid fees while creating NFTs but charge for selling them.
Even selling a single NFT will sink a lot of your money. Many artists use the Ethereum blockchain platform to sell their NFTs, and all transactions are fee-based to pay the miners. These are gas fees, and their amounts also significantly vary on how costly that transaction is. From minting an NFT to bidding and purchasing by others, every step charges gas fees. Moreover, it must be noted that even after paying gas fees, it is not 100% sure that you are free from fraud. Some pay high to get a better visibility chance, but it doesn’t work all time. If something usually happens and your transaction stays incomplete, there is no way to get the gas fees back.
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5. How to Create an NFT Art: Easy Guide from A to Z
You might be searching for how to create an NFT art? Or how to create and sell non-fungible tokens? Let's start with the tutorial:
Step 1: Pick Your Interested Item and Create NFTs
Choose your NFT item, and it should be original, for instance, painting, gid, music, or any digital art piece. Every NFT is unique and eliminates criminal digital asset attacks between processes.
NFT creation will be easier for you if you are an artist, but you must master software skills to create something exceptional. Some software examples include Adobe Photoshop, Filmora, Krita, Affinity Photo, and Autodesk Sketchbook for practicing and applying digital art skills. Further, Adobe Illustrator, Affinity Draw, Gravit Designer, and Inkscape are the other best options for isometric or structured drawing.
Art options don't end in 2D; 3D NFT artwork remakes the community. Excitingly, creating your own 3D NFT art is not complex if you focus on the right application. Maya is industry-leading software with many other options, including Cinema 4D, ZBrush, and Blender.
However, in the other case, if you are new to the industry and do not have the artistic skill to create your own NFTs, don’t worry; you can hire a developer for it. A developer is the only option if you want to make generative art pieces. Cool Cats, World of Women, and Doodles all were generative NFTs. Algorithms play a vital role in creating unique content from source art and constraints. It will allow you to make multiple combinations of art pieces. Once again, the developer is required if your project is based on complex contracts like interactive communities or games creation, including complex purchasing options on the marketplace.
You Should Have Ether Handy
Once you have selected your NFT artwork, spare some time to get Ether. Several blockchain platforms are offering NFTs creation services, but to keep it simple, we will consider Ethereum. It is most popular among others, and infamous marketplaces support it. However, it costs to mint NFT, and for it, you need an Ethereum wallet having some Ether (Ethereum based cryptocurrency). MetaMask is one of the easiest to choose and work on as it is free to download on android and iOS devices. You are instructed to have about $100 in your wallet, but it could be more based on your daily operational limit.
If you use OpenSea to mint your NFT, it's free of cost; the platform will create the token. But you must connect your wallet when signing up for an account.
Step 2: Select Your Blockchain Wisely
Blockchains are considered the central point of non-fungible tokens. It is necessary to get the pros and cons of various blockchains before hopping on the NFT craze. The Ethereum blockchain is a popular and dominating industry for major NFTs and Defi projects. As NFTs gains sudden popularity, gas fees on vari0us blockchains are much higher than expected. Besides, Ethereum is more reliable and has high-security features than others; it comes with high energy consumption with the least scalability.
Ethereum layer 2 scaling solution is Polygon, which offers speedy transactions and high scalability with low fees and low energy consumption. You can also consider Immutable X for gasless transactions with high scalability features. Solana is another quick, scalable option that offers cheaper transaction costs, but it is less decentralized than Ethereum, and its mainnet is currently in beta.
Step 3: Go Ahead with Your Digital Wallet
Ignore it if you already have your digital wallet to access your digital assets. The well-known digital wallets are Alphawallet, MetaMask, and Trust Wallet. Now you can shop for any cryptocurrency and if you already have it, just connect it with your wallet for further use.
Step 4: Choose Your NFT Marketplace
Everything is set now; it's time to select your best NFT marketplace to create and sell your NFT virtually. The popular marketplaces are OpenSea, Rarible, and Mintable. OpenSea is free, among others, as it charges nothing as a joining fee and no moderation on your listed content. You don't have to prove yourself as an artist before listing or selling NFT on this platform. But it also increases the sundries number where the proportion of real buyers decreases.
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Click on the user icon after browsing OpenSea. Then click on “My Profile” and choose options regarding your ETH wallet connection for the further procession. Select the "Use a different wallet" option and click on “WalletConnect” if you have MetaMask. It is quite simple to confirm the Wallet Connect process from the MetaMask app.
6. What is NFT Minting Process?
NFT minting process is the non-fungible token creation process by an authorized platform. The authority creates a set of rules to streamline the minting process and shares details about creating and adding NFTs to the network. Minting can be done in two ways: internal and external.
Internal Minting: This process is done by a cryptocurrency organization, company, or platform. The company generates new tokens and introduces them to the blockchain. Now, these tokens are available for trading.
External Minting: This process is based on a third-party platform independent of the aforementioned organization. In this case, the third party creates tokens and spreads them to a smart contract (an encrypted database) holding that data. Now the new tokens are shown for trading.
The minting process allows users to create new NFTs on the blockchain, and it is done by the minting function available on popular blockchains.
7. No Coding Skills? No Issue at All!
Coding skill is not demanded if you create a simple NFT art as it can be minted on different NFT marketplaces. OpenSea allows the sellers to add an "unlocking feature" to their NFT’s content. It means the buyer can see them only after getting the ownership of that NFT. It includes behind-the-screen content, high-resolution files, concert tickets, and more. Plus, you can benefit from the lazy minting feature introduced by Rarible and OpenSea. In this feature, the creator is not asked to mint right after creating the NFTs but to mint during purchase. It means that buyer pays the transaction fee with the creator. Rarible explained after launching this exciting feature:
“We’re excited to further lower the entry barrier for NFT creators from all over the world.”
NiftyKit is another NFT collection platform that doesn’t require coding expertise as it is a SaaS forum (software as a service) that allows minting on Polygon and Ethereum directly.
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8. Benefits of Minting an NFT
There are multiple benefits of minting NFTs; some are given below:
- Democratize ownership: Minting NFTs allow its holders to have digital property.
- Selling Digital Asset: With NFTs, artists not only create, buy, sell, and earn a profit, but they can also even get cut off the sales in the future.
- Preserve the NFT Value: You can store and preserve the coin's value tangibly, like minting a physical coin with a specific metal concentration. Thanks to blockchain security and scarcity system that preserve their value digitally.
9. Why do Companies and Artists Monetize their NFTs?
The worth of all NFTs is not the same; some are record-breaking while others are useless. Let’s discuss a few extraordinary benefits of making money with NFTs to express why people and business giants focus on it.
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9.1. Strengthen your Desired Digital Skill
Never forget that the only possible way to earn from NFTs is to make something compelling that cannot resist buyers to shop it. OpenSea records over 2 million sales per month, making digital sketching, videos, animation, photos, paintings, music, or other digital assets making the process much easier.
Ferocious and other artists caught companies and knocked on their doors to become multi-millionaires with their collaboration. NFT monetization can be explained as creating outstanding artwork that people feel assured of financing. Early adopters of his art saw potential in his work and got the advantage. Luckily, NFT investors are looking to find the outperforming artists and do the same with them.
9.2. Spread Your Artwork on Multiple Platforms
It is also significant to showcase your artwork in more than one marketplace. An artist's supporters where find their arts, find it compulsory to praise them. For instance, if you mint and list your artwork on Rarible, engage as maximum as possible potential buyers from other sites and social media sites.
9.3. Conserve Shortage
NFT arts are not allowed to be over-created. The artists can mint only first-rate non-fungible tokens as buyers never want to compromise on quality. Further, it will boost their buying efficiency if they know the uniqueness of the art piece. But in another case, they will lose their interest and are less expected to invest. The artmaker can also create fake paucity pricing tags that differ for an NFT. In terms of shortage, these levels help investors know that they are buying something ultra-rare.
NFTs are much fairer than other crypto pitches. Its innovation brings various applications to the market, and still, now, their potential is not fully explored. It is just in its initial stages of growing and gaining popularity among businesses.
10. Connect Smart Tools Before Going for Metaverse
You should be aware of excellent tools, including software, to excel in your skills in how to create an NFT art. These upgraded and highly affordable tools help upgrade your skill in creating exceptional artwork. Augmented Reality sticker is one of their exciting features, which comprises cuteness, fun, and attractive elements like dog’s or cat’s faces and many others. Consider the following steps for all AR stickers to your digital property on a video platform offering this feature like Filmora: Choose your desired image or video content, select the "Effect tab," and then click on your favorite sticker and apply it.
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You must have these tools before entering the digital metaverse world. Let’s see how to create an NFT art with these tools to improve their quality.
- Computer: To better experience the digital world, nothing can surpass Mac and computer-based practice. The Co-founder of Sandbox said:
“I would say the Metaverse is, as of now, for the most part, a PC/Mac experience. Either browser-based or desktop-based—so clients can get to new sorts of immersive experiences.”
- Smartphone: Android and iOS made it highly convenient to use technology. You can access Roblox after installing its app without investing money. Moreover, Axie Boundlessness is also available on Android, even if it cannot be accessed via iPhone.
- Gaming Console: If you use Xbox, you already have access to better navigate the Metaverse.
- VR Headset: Many companies have advertised their amazing virtual reality-based headsets this year, while others are too late to invest in this evolved world.
- AR Glasses: Augmented reality glasses increase the real-world experience in a virtual environment.
Wrapping Note
Here we concluded queries regarding how to create an NFT art and how to mint and sell them. Besides over-thinking how much it costs to create an NFT art, focus on creating an extraordinary art piece that stands out in NFT's competitive world. It will be a plus point if you create your NFT based on your skill. Also, don't forget about tools before going to the metaverse world. It is a straight post leading you to make and monetize NFTs.