How to Create NFT Art in 2024?

One of the latest trends in blockchain technology is non-fungible tokens (NFTs). These digital assets represent unique items, from artworks to virtual real estate. Because of their cryptographic nature, NFTs allow buying, selling, and trading real-world items more efficiently and securely. No wonder artists are looking at NFTs as a viable option to commercialize their creations.

Artists can get several benefits from creating NFTs of their artworks. First, they can ensure lifetime royalties from their works. Second, selling NFTs online is cheaper than paying art galleries or auction houses. And third, the risk of fraud is minimal because of the use of blockchain technology. Also, an NFT’s owner can have certainty of the item’s authenticity.

If you are an artist and want to leverage blockchain to monetize your talent, you should learn how to create NFT art. Don’t know where to start? Below we present a step-by-step guide that will take you through the entire process of creating NFT art. Although these steps are specific for artworks, you should remember that you can similarly tokenize any other real-world assets.

Step-by-Step Guide

The entire process of making an NFT of your artwork is simple. First, you need to ‘mint’ your NFT; this means creating this digital asset on a blockchain. You need to get a crypto wallet and choose an NFT platform for this sake. Your wallet will store cryptocurrency, which you will use to pay fees to the NFT platform and get the payment for your NFT when you sell it. Do not worry. We will discuss all these steps in more detail. Let us begin!

Create a Digital Wallet to Pay for Your NFT

The first thing you need to mint an NFT is to have cryptocurrency. Most NFT platforms charge a fee to turn your artwork into an NFT that you can sell or trade. In most cases, the payment is upfront and in cryptocurrency. The most commonly accepted cryptocurrency on these platforms is Ether (ETH), issued by the Ethereum platform. This platform is an open-source blockchain where NFTs were first launched.

Therefore, you should get a wallet compatible with Ethereum and the ERC-20 standard. There are many options in the market. Hardware wallets are considered the most secure. But you can get a mobile, desktop, or web-based wallet if you deem it more practical. Next, you need to buy ETH (or the required cryptocurrency) and store it in your wallet.

You can buy ETH with fiat money on centralized crypto exchanges. Most of these exchanges accept different payment methods, including credit and debit cards. But if you already hold other cryptocurrencies like Bitcoin (BTC), you can swap them for ETH on LetsExchange.io. Our instant exchange supports more than 4,000 digital coins and tokens. You can swap cryptocurrencies quickly and without registration.

Connect your Wallet to an NFT Platform

Whatever the type of wallet you have chosen, you have to connect it to an NFT platform. There are many NFT platforms where you can sell and trade your NFT art. Some of the most common are Rarible, SuperRare, OpenSea, NFT ShowRoom, and Axie Marketplace. Most platforms provide a button on their website to connect your wallet. You need to give information like your wallet provider and your wallet’s public address.

If you use the Rarible platform (Rarible.com), you must click on the “Connect wallet” button and follow the instructions. You need to accept the terms of service and confirm that you are at least 13 years old.

Upload the File You Want to Turn into an NFT

With your wallet connected to the platform, you can make and sell your NFT. This step is also straightforward on most platforms. For example, on Rarible, you have to click the “Create” button. Then, you will be prompted to upload the digital file that will become an NFT. Many different formats are accepted, and there might be a size limit (depending on the platform). Rarity accepts GIF, PNG, WEBP, MP3, and MP4 files with a maximum size of 30MB. Other platforms support 3D files like GLB.

In most cases, you can create two types of NFTs: stand-alone and edition tokens. A stand-alone NFT is a single copy of your digital art token, making it more valuable among collectors. In contrast, you can create several copies of edition tokens, but each one has an edition number to differentiate it from the rest.

Add a Description to Sell Your NFT

Before creating your NFT, you can add its properties like the date of creation, stats, and other relevant data to help collectors filter your artwork. Further details like social media links, a title, and a description will facilitate selling your NFT. Take your time to come up with a nice title and description.

Pay the listing fee to sell your NFT

After adding all these details, you have to complete your payment (commonly in ETH) to the NFT platform for approval. After your payment is received, you can set the asking price for your artwork. This price is commonly in cryptocurrency. Also, you can select the percentage of royalties (usually 2.5% to 10%) for the secondary sales of your NFT art.

You have to consider carefully the percentage of royalties you want. You will earn more money when your NFT art is resold if you set a high value. However, the original owner will be discouraged from selling it since they will not make much money from the sale. So, try to balance your demands.

Finally, if someone buys your NFT art, you will likely have to pay a commission on the sale of the NFT. Moreover, you will have to pay the transaction fees to get the crypto payment in your wallet.

Conclusion

The NFT market has a bright future ahead. You can significantly benefit from the hype around this technology to commercialize your artworks more effectively. Some artists have already started selling NFT art with remarkable success. This article has provided an overview of the necessary steps to jump on the bandwagon.

FAQ

How Do I Convert an Image to NFT?

Follow the above instructions on how to create an NFT art. Most NFT platforms support various image formats (JPG, PNG, GIF, etc.) that you can tokenize. Simply upload your image on the NFT platform you have selected.

How Do I Make NFT Art for Free?

Some NFT platforms allow minting NFTs for free. For example, you can mint NFTs without paying gas fees if you use the OpenSea platform and the Polygon (MATIC) blockchain.

Does Minting an NFT Cost Money?

Yes, in most cases. Minting an NFT can be pricey on the Ethereum blockchain because of high gas fees. However, some NFT platforms offer alternative solutions to this problem. For example, the Rarible platform provides a “lazy minting” feature, allowing paying the gas fees when the NFT is bought. It means that the token is minted when someone buys it, and the buyer is who pays the associated fees.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.


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