If you’re an artist who wants to try NFTs but doesn’t know where to start, you have come to the right place.
We are here for you, to clearly and simply explain everything you need to know about NFTs, their meaning, blockchain technology, and how to make, and sell them.
Although at first glance it seems like a complicated concept, technology, and process, it is not. The moment you understand all the elements and concepts of how they work, you will realize that this is a simple and advanced technology.
It offers many benefits and opportunities, unlike previous technologies. Non-fungible tokens have dramatically changed the way we understand and comprehend digital assets and technology, as well as several other industries too.
The meaning of NFT
NFT is an abbreviation for non-fungible tokens, which is an irreplaceable asset that cannot be replaced and that is unique and special.
You can buy NFT or sell it, but you can’t trade it for something else. No two NFTs are interchangeable, such as cryptocurrencies.
An NFT project can be almost anything, from real physical things to art, maps, real estate, avatars, games, and much more. Only the sky is your limit and your imagination of course.
NFTs are created by a process under the professional name minting, which allows us to mint NFTs on the blockchain.
The system is decentralized, there is no jurisdiction of another person, bank, organization, or any government.
There is no unnecessary paperwork and bureaucracy, waiting in line or looking for gallery spaces and exhibition houses to promote your artwork if you are an artist.
No, it is enough to take some time and learn how to make NFT yourself, and in that way, you will easily enter the NFT market.
How to make an NFT
Maybe you decided to make NFT out of curiosity or need, and we will explain to you how to get involved in this world.
- Step 1: Create your artwork
This is where your creativity comes into play, you just have to decide what you want to create.
Because it doesn’t matter what you want to convert to some kind of digital format – although PNG seems to be the most popular expression of virtual art.
- Step 2: Get a crypto wallet and add cryptocurrencies
The reason why you need a wallet is the ability to receive funds, while you will have to buy your cryptocurrency to pay all the necessary fees associated with minting NFT on the blockchain.
- Step 3: Choose a platform on which to sell
Different platforms charge different fees, allow you to set different conditions, and may even specialize in different NFTs.
One of the more accessible to the wider population with its unique collections is the sol marketplace.
- Step 4: Create/Mint NFTs
Loading NFT into the blockchain is known as the minting process and is generally a fairly simple step.
Following the instructions on the selected NFT marketplace, you will load your wallet, add details like descriptions and a host of others and that’s it.
- Step 5: Sell NFTs
Now that you’ve completed all the steps, it’s time to make some money.
On most platforms, it’s a simple process where you press the Sell button on any NFT you have in your wallet.
You have three categories of NFT sales: fixed prices, timed auctions, or unlimited auctions.
Now that you have the basic information, it’s time to throw yourself into creating your own NFTs or NFTs collection.
Don’t look at this as instant money making but as an investment in the future.