How to Make NFT Art and Sell it (Beginner’s Guide + Top Tips)
NFTs can earn their creators a lot of money and also be used as tokens with functionality, or help with worthy causes such as charities – the sky is the limit right now. Through these digital assets, those in the crypto community can make connections and build projects. So, how do you make NFT art and sell it? We’ll guide you.
What is an NFT Art?
First, we have to take a deep dive into what NFT art is. They aren’t expensive to make, but some can be worth millions. Before you commit, it’s imperative to understand the basics of NFTs (non-fungible tokens).
NFT art is digital art that can take many forms. Many things can be considered an NFT, from video moments, to regular art, and even parcels of land and gaming tokens. NFT art is created and sold on a blockchain ecosystem and is a vessel of investment for some who foresee their potential value, collectibles for those who appreciate the art or are used for projects that support causes.
• Why Create an NFT?
There is plenty of NFT artwork out there, is it too late to get in on the action? Why should you create NFT art, how can you do it and then get eyes on it?
NFTs are quickly taking the place of traditional crowdfunding or fundraisers and have become similar to loyalty cards – and no one can take this away from you due to the secure blockchain tech.
There are so many things a single NFT or an entire NFT collection can do, and making money is just one of them. You can get endless support from the community by making connections.
• How to Create NFT Art Without Coding
Creating NFT art is new, and it does require coding knowledge. We understand that not everyone understands the coding language, but it’s possible to create NFT art without it.
One very easy way is to use an NFT generator, but we’ll be honest and say that it may be difficult selling NFT art made with a generator because the result is pretty standard and you won’t be getting anything exceptional.
Another way you can do it without knowing how to code is to rely on someone who does. Pick a marketplace with a minting service that takes care of things on the backend, and then hire a designer who can handle the art.
• Is it Only for Artists?
No, NFT digital art is not just for artists, NFT creators can be anyone. Anyone can create their own collection for personal purposes whether it’s to gain brand exposure or to support a charity. It’s not only for career and professional artists. We have seen NFT artists from all walks of life. Since photography can be a type of NFT, many prominent photographers have also generated their own digital artwork.
How to Create NFT Art
• Step #1: Choose a Blockchain Technology
Now we get into the details of how to create and launch your own NFT project with a step-by-step guide. The first step is to choose the blockchain ecosystem you are creating an NFT on. The one you select will determine the price, and the platform you use, which will then affect the settings when you’re selling NFTs.
The Ethereum blockchain is the largest blockchain ecosystem for NFTs. Many people choose it because it’s the largest and most popular, but the tide is slowly turning and NFT enthusiasts are slowly opting for other blockchain NFT platforms because of the exorbitant gas fees (transaction costs) attached to Ethereum.
Other blockchain ecosystems you can choose to mint an NFT collection on including the Solana blockchain, Cardano, and Algorand among many others.
• Step #2: Choose a Marketplace
After you have picked a blockchain to mint on, the next step is to select the NFT marketplace. Because the Ethereum blockchain is the largest for NFTs, many marketplaces for NFTs support it, such as OpenSea, which happens to be the largest NFT marketplace. The key is to make sure the marketplace you choose to sell NFT art supports your blockchain and the digital wallet you pick, which we will get into in the next section.
Other marketplace suggestions are Rarible, Nifty Gateway, SuperRare, Foundation and NFT Showroom.
There are 2 main types of NFT marketplaces, ones that are curated and ones that are open to all. The curated marketplaces are picky and stringent because they only allow authorized artists to use the site. This type of marketplace will target buyers that are looking for very specific pieces that are mostly for collection.
The other type, the type that is self-service and open to all, allows anyone to sell their digital art on the platform as long as they pay fees attached to the transaction (minting fee, platform fee, etc.). OpenSea is an example of this type of marketplace. The platform supports artists who want to make and sell on one NFT platform.
The self-service platforms also allow artists and creators to set royalties from secondary sales (future sales). These sales are the ones conducted on other marketplaces after artwork is purchased from the creator.
For example, you sell your NFTs at a set price, a buyer purchases them and flips them on another marketplace to make a profit. You get royalties from that successful sale. It’s usually 10%, but certain platforms allow you to set the royalty at any percentage you want.
• Step #3: Choose and Create a Digital Wallet
As we said, the next step is to choose a digital wallet, or a crypto wallet for your transactions. Again, there are many options available, and it will depend on the blockchain you choose. There are wallets that support many cryptocurrencies from the large chains such as Ethereum and Binance Smart Chain (BSC). One such example is the MetaMask Wallet, which we will use as an example for setting up your accounts.
You need a cryptocurrency wallet because crypto is how you will pay for these transactions (the gas fee). Most platforms support MetaMask, so let’s take a look at how to use it to buy crypto to mint your first NFT.
Once you have chosen your wallet, just follow the steps on the site to create it. Then head over to your marketplace of choice to connect your wallet and follow the instructions there. You will most likely need a browser extension on Chrome for OpenSea.
• Step #4: Purchase Cryptocurrency
You would need to purchase cryptocurrency on the exchanges, and a big one is Binance. If you are going with Ethereum and choose OpenSea as your NFT marketplace of choice to sell NFT art, then there are some upfront fees you have to pay such as the one-time registration fee. You need crypto to do all your marketplace transactions, including creating NFTs.
The crypto exchange you pick should allow you to choose from a variety of ways to fund your wallet including using Apple Pay, or even your debit card.
• Step #5: Upload Your Art
Once you have your wallet and marketplace account all set up, the next step is to upload your art. On the marketplace of your pick, there should be a button somewhere that says “create” or something to that effect. You can then choose to sell an NFT by itself (single piece), or a collection of multiple pieces.
You will then be taken to a page where it displays the types of files the marketplace supports such as MP3 or PNG. Once you uploaded the digital file, you should then see a preview ad then click a button to confirm.
• Step #6: Mint Your NFT
There is something called lazy minting available on some platforms, and this is marketed as the “free minting process”. In reality, it’s not “free”, it’s only free for the artist to mint NFTs because the transaction fee for creation is offloaded to the buyer.
The creator doesn’t pay an upfront fee and can sell NFTs right when they’re completed. Once a buyer decides to buy your NFT, they are the ones who shoulder the cost to mint.
However, that doesn’t shield you from having to pay other costs attached to the NFT platform such as the platform fee, which is usually 2.5%.
As said, it’s very expensive to create an NFT project on Ethereum. The size and popularity of the blockchain are part of its downfall because the more people you can try to mint, sell, buy and transact on the NFT market, the more expensive the gas fees are. This also comes down to Ethereum’s proof-of-work concept.
If you are looking to save a bit on the gas fee, we recommend choosing a different blockchain.
• Step #7: Sell and Price Your NFT
Now that your non-fungible token is created, you can price it and list it for sale. There are different ways to sell your NFT to potential buyers, either as a fixed price listing or via an auction.
The set price option is easy and straightforward because it is exactly like the “buy it now” button on many e-commerce sites. If you pick the auction function, you will need to set a minimum price and a time frame for the auction. The sale doesn’t just end when the time is up, it can also end if you accept a buyer’s offer, or bid.
How do you pick a price? That is a big question many people have. Not every NFT will be or can even aspire to be like Bored Ape Yacht Club (BAYC), although we aren’t ruling out the possibility.
A great way to see the going rate for artwork like yours is to leverage sites, which gives useful stats for every NFT project – including value.
It’s important not to price your projects too low, because you have to pay transaction fees and such that could completely overshadow your profit. But if you price your project too high, you are possibly reducing the chances to sell your own tokens successfully because the purpose, message, and reason for it don’t reflect the cost. We’d say 1 ETH is pretty ambitious already at the current market prices.
• Step #8: Promote Your Art Online
Our step-by-step guide also includes information to help you make sales quickly via effective promotion and marketing. The best way to do this is to rely on the community. If you make good connections with others in this space, you will be surprised by the overwhelming support for a project that’s worthy.
Listing your art on websites like NFT Drops is a great way to get eyes on your pieces online. You can also attend Twitter spaces, join Discord discussions, and post your art on social media platforms for more exposure.
How Do I Make NFT Art for Free?
You can create an NFT for free by taking advantage of the lazy minting service offered to creators on a peer-to-peer marketplace. Yes, you will have to pay lower fees by doing this, but the minting cost doesn’t just disappear, it’s offloaded to the buyer at the time of purchase.
How to Keep NFT Collectibles
NFT collectibles are stored in your wallet. It can be a hardware wallet or a digital crypto wallet. Hardware wallets are offline and we suggest choosing them because it is more secure. It functions like an external hard drive, which is unhackable if it’s not online. Hardware wallets such as Ledger come with a seed phrase password that consists of random words that you should keep safe because that is the only way you can get into it.
There is so much potential for the NFT market to grow and develop. It’s amazing how much some of these pieces are worth and the altruistic causes behind some projects. If you have a cause you want to support or want to give your loyal followers perks to your brand by purchasing your NFTs, it’s never too late to create unique non-fungible tokens.