Introduction
You'd have to have been living under a rock not to have heard about the recent NFT (non-fungible token) hype. Celebrities, digital artists, and creatives are all gearing up to put their artwork on the blockchain.
How to make and sell an NFT
A step-by-step guide to how to make and sell an NFT and possibly earn some for your art.
What is an NFT?
So you might be sure you want to mint an NFT, but do you know exactly what one is? At its most basic, it's a type of cryptocurrency that represents something unique, collectible, and that cannot be replicated.
There are many platforms to choose from, but usually, you just need to fill in your NFT details, upload your digital art or file, and pay the minting fee. If you feel like selling your NFT, you can quickly put it on a number of NFT marketplaces too.
If you're really talented (or lucky), you can also make some decent money. Think of it as a digital collectible record or one-off painting. If there's a significant demand for your NFT, prices can be sky-high. You might have heard of visual artist Beeple, who sold an NFT called "Everydays: the First 5000 Days" for more than $69 million.
Apart from Beeple, other artists are selling their NFTs on blockchain-based marketplaces. The top sales speak for themselves.
From paintings to songs and even collectible NBA trading cards, the possibilities are enormous when minting NFTs. It's a great way of proving authenticity and ownership of creative works.
While the technology behind NFTs made it easy to trade and sell images online, it is really the NFT community that has to be credited with creating a market for these digital assets, because technically, as many detractors point out, digital images that have been turned into NFTs can still be saved or screenshot without cost.
How does it work?
Typically, creators (or, if you prefer, artists) will mint their work on an NFT marketplace, which includes platforms like OpenSea, SuperRare, Nifty Gateway, Foundation, and many others. Minting is the act of creating an NFT, which means creating a smart contract that will be stored on the blockchain. The smart contract contains a lot of important information: it lists the creator of the work and ensures that the creator, or other parties, receive royalties each time the NFT is sold.
0 Comments