💰 How To Make and Sell NFT Arts ? 💰
Down below, will take you step-by-step through the process of turning your
beloved artwork into a newly-minted NFT that will outlive us all on the
Ethereum Blockchain. We say Ethereum because, at least for the time being,
Ethereum is the prime blockchain for selling and trading NFTs.
Step 1: Create Some Art
The first thing you’ll have to do when setting out to sell some NFT art is,
well, create some art of your own. This can be almost any form of media — GIFs,
illustrations, videos, 3D models and the like. A short stroll through Rarible
or Foundation will give you an idea of the general Inclinations in crypto Art.
Currently, there seems to A preference for either very avant-garde,
experimental abstract art or meme-heavy internet culture references. Not that
that should necessarily inform your work, once you’ve settled on the kind of
art you’d like to upload, you’re free to move on to the next step.
Step 2: Set Up an Ethereum Wallet
There are numerous wallets out there to choose from to serve as your public
address and store your private key, but it is generally recommended to rely on
a hardware wallet.
In case you are new to cryptocurrency, here’s a quick crash course on how
crypto wallets work: They are essentially software or hardware that help you
operate a public address on your cryptocurrency’s blockchain. This public
address is what stores the cryptocurrency and is viewable by all, though its
ownership is completely anonymous (unless you make it otherwise). Every public
address has a private key that is used to deposit, withdraw, or send funds to
and from the address. Think of it as a mailbox: everybody can see it, knows
where it is, and can send mail to it. But only the person with the key to the
mailbox can open it and retrieve what’s inside.
There are two types of wallets: Hot Wallets which are connected to the
Internet and provide greater convenience to the user at the expense of lesser
security, and Cold Wallets which Store your information offline and are less
convenient for frequent use but provide much greater security to the user. A
popular example of a hot wallet is the commonly used MyEtherWallet, while the
best examples of cold wallets are the hardware-based wallets from Trezor or
Ledger that we mentioned above — and also pen and paper. Yes,good ol’ pen and
paper can function as a cold wallet as well, though you’ll need to generate
your own public addresses which can be a pain.
Many recommend MyEtherWallet or Metamask for new users who are new to
crypto and only looking to put their work up for sale, or any of the
Trezor/Ledger hardware wallets for those interested in storying crypto in
general (as well as those who have made a sale of significant value and would
like to keep their earnings safe!).
Note that Foundation only connects to Metamask.
Step 3: Buy Some Ether
In the maelstrom of news and surging interest in NFTs, it may be news to
you that putting an NFT up for sale will actually cost you some money. This is
because of how the Ethereum blockchain works: Unlike Bitcoin, in which miners
are rewarded with Bitcoin for contributing the computing power necessary to
verify transactions and add their record to the blockchain, Ethereum miners are
paid with a different currency on the blockchain known as gas.
Whenever you are looking to confirm a transaction and added to the
blockchain, a transaction fee is paid (ostensibly to cover the gas and platform
fee) — Ethereum miners are able to pick and choose what contracts they would
like to expend the computer power on and thus the more gas you pay for your
transaction, the faster your contract will be carried out and added to the
blockchain. This includes uploading your NFT.
So you will want to buy some Ether in order to purchase the gas and pay the
transaction fee. Transaction fees fluctuate pretty wildly, but are overall significantly
lower than they were a month or two ago when Ether started its bull rush.
BEST ONLINE ORIGINAL ARTS MARKETPLACE
Step 4: Choose a Marketplace
Once you have your art, your wallet, and some Ether burning a hole in your
pocket, you are ready to put your NFT to market. What do you want to do is head
over to ethereum.org and take a look at their selection of DApps — short for
decentralized apps. Rarible, Nifty Gateway an Foundation are some good
starting points to get a handle on the Ethereum market and some eyeballs on
your own NFT. Each one caters to a slightly different taste so make sure to
check all three of them, as well as the many other market places, before
settling on one.
Foundation seems to be the best for digital painting, while Nifty Gateway
caters most to 3D models and Rarible seems to be a chaotic mix of the
aforementioned of Avant-Garde/Internet meme culture fusion.
Related: Best Arts Marketplace website online
Step 5: Upload Your Arts
While each platform will differ in where you click the actual button,
they all start with connecting your crypto wallet. Each of the major sites
will automatically create an account associated with your wallet and guide you
through a relatively simple upload process in which you have to choose how many
“copies” of your NFT you’d like to mint and what percentage you’d like your
royalties to be whenever the item is resold.
This latter feature is an innovative leap forward for digital artists who,
unlike their traditional counterparts, could never truly limit the supply of
any one work once dispensed nor produce a true “original.” An NFT essentially
comes with a blockchain-printed certificate of authenticity that proves its
originality as the original work, making it possible for the original artist to
get a cut of every subsequent trade/sale — a feature even traditional artists
can’t feasibly reap the benefits of. Once you’ve chosen the work, set your
copies, and royalty fee, you’re ready to move on to the final step.
Step 6: Pay the Transaction Fee
With your NFT artwork locked and loaded, all you need to do is pull the
trigger on the gas and you can sit back while your work is uploaded to the
blockchain and becomes a unique entity on the network, immutable and
invulnerable to any server collapse. The transaction fee will ensure that your
NFT is mined by whichever Ethereum miner picks up the contract, pocketing your
fee for their trouble.
After that, it should only be a matter of a couple minutes before your
newly-minted NFT is up and on the market for just waiting to make the day of
the keen-eyed patron who sees it first!
(Word of Caution – Pls check government and
RBI policies regarding crypto currency if you’re based in India).
