Creating an NFT
The emergence of blockchain technology and NFTs has certainly opened up new opportunities for artists and creators to sell and showcase their digital creations. NFTs provide a level of security and authenticity that was previously not possible with digital art, and the growing number of NFT marketplaces offers a variety of options for artists to choose from.
Self-minting collections and submitting collections to be minted both have their pros and cons, and it ultimately depends on the artist’s goals and preferences. While self-minting offers more freedom and control over the selling process, submitting to a curated marketplace can potentially increase the value and exposure of the artwork.
It’s important to note that while some artists have made significant profits through NFT sales, success is not guaranteed and having a sizable social media following can be a significant advantage. However, NFT marketplaces still offer a valuable avenue for artists to learn and experiment with this new technology, and the potential for a digital art revolution is certainly exciting.
Here is a step-by-step guide on how to mint/create an NFT artwork:
- Understand the cost of minting NFTs and watch out for gas fees, which are transaction fees on the Ethereum blockchain.
- Choose a wallet to use. Metamask is a simple way to begin minting NFTs onto any Ethereum-based platform.
- Create a collection on the marketplace of your choice (e.g., OpenSea) and add an image, name, and description to it.
- Create items within your collection by clicking on “add new item” and uploading your media (image, video, audio, or 3D model).
- Name your NFT and provide a source link if you have one. Add a description to give potential bidders a better idea of what you’re selling.
- Give your NFT properties to create categorical definitions of what the NFT is composed of.
- Set levels and stats for those who are minting collectible items with varying characteristics.
- Set a price for your NFT and pay the gas fees.
- Wait for the transaction to be confirmed, and your NFT will be minted and added to the marketplace.
- You can now sell your NFT artwork on the marketplace, and the ownership will be transferred to the buyer when they purchase it.