How to Create and Sell NFT Art
NFT art is revolutionizing digital art and its market. With NFT art selling for millions of dollars, digital artists, graphic designers, animators, and even photographers are venturing into the world of NFTs with hopes of striking it rich like Beeple, known in the real world as Mike Winkelman, who has sold numerous pieces of NFT art for millions of dollars. To date, Beeple holds the most expensive NFT art sale at $69.3 million.
With famous celebrities entering the world of NFT art as sellers, such as Paris Hilton, Snoop Dogg, Stephen Curry, Ashton Kutcher and Lionel Messi, and as buyers or collectors, like Justin Bieber and Jimmy Fallon, NFT art has risen rapidly as a valuable commodity.
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NFT market art is now viewed as something that can allow artists to make a name for themselves—Beeple was selling his art for only about $100 before his record-breaking NFT art auction—and capture a wider market, as well as a new avenue for investors and collectors to play.
Despite the popularity of NFT art, many are still in the dark about what it really is and how to go about creating one. Like any kind of undertaking as a creator and investment as a buyer, people need to fully understand what it is they are getting into.
So, what exactly is NFT art?
Simply put, an NFT art is an ownership certificate of a digital art or photo. NFT stands for non-fungible token; and unlike digital currencies and other fungible tokens, it is one of a kind and cannot be exchanged or interchanged with something else.
An NFT is also indivisible; hence, an NFT art cannot be divided and owned by multiple people. Only the true creator of the digital art can create an NFT, and authenticity is guaranteed because NFTs exist on the blockchain, so there is an immutable, secure and timestamped record of details of the NFT art, such as when it was created, and so on.
Many are contesting that digital art is something that can easily be downloadable over the Internet. However, in the same way that there are many replicas of the Mona Lisa and other famous paintings, downloaded pieces of digital art are also just copies without any value. An NFT art ensures authenticity and that there is but one unique original in existence.
How is NFT art created?
NFTs are created through the process of minting that involves recording and listing them on the blockchain, which means an immutable and secure record is created. One has to pay a minting platform to effectively transform a digital art into an NFT, create an account with and add money to a non-custodial digital wallet, link that wallet to the chosen minting platform, upload the digital art or photo with a description, and get ready to start auctioning off the NFT art.
Although it may seem easy to create an NFT art and sell it, people still have to be extra careful when choosing a minting platform, digital wallet and an auction house. Because NFT art is a digital asset that deals with money, many are still looking to scam people for quick bucks. As is the case when investing in a new venture, in-depth research is still needed.