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NFT Art: the Complete Guide to Creating and Selling It


 
Learn how to create your own NFTs and sell them online. This guide provides simple instructions for artists and creatives of all levels.
 
As more and more people learn what NFTs are and where to find them, it remains unclear how they function and where they originated. Although the procedure is simple, it requires knowledge. However, anyone interested in selling and exchanging digital assets, such as information, artwork, music, and photographs, can create NFTs. 
 
There is a common misconception that only technologically savvy artists and people can learn and create NFTs. If you've never encountered NFTs before, the procedure may seem daunting, but it's easier than it looks. Depending on your chosen platform, uploading, minting, and marketing your NFT work can take less than a day. Next, we'll look at a simple approach to effectively producing NFTs.
 
How to make and market an NFT
 
  • Develop a concept
There are various options for deciding what type of NFT to develop. You can choose artwork, event tickets, memes, media and music, games, and other virtual things. For example, you will likely need a tablet with a pen and illustration/editing programs such as Clip Studio Paint, P, GIMP, or Photoshop to make a digital image or a skin for a game. You can determine what unusual features your NFT design can illustrate.
 
Also, think about the usefulness of the collectibles offered. Some authors will give the buyer a real piece of art corresponding to the NFT they purchased. It could also be a signature, one-of-a-kind items, VIP admission to an event, an exclusive personal membership, or a future digital app (such as a gaming or meta-version). 
 
  • Prepare a digital image file
Of course, you will need to prepare a file to submit it to the NFT marketplace. This file can be an image, a photo, a GIF, or anything else. If your NFT work contains 3D graphics, the file extensions will be different; however, OpenSea should be able to handle them.
 
  • Download MetaMask
Generally, a cryptocurrency wallet is the most crucial element of any blockchain system. Users need wallets to access different platforms, sign transactions, and maintain balances according to blockchain fundamentals. Thus, NFT markets eliminate the need to store user account information, resulting in a more secure platform.
 
MetaMask is one of the most popular wallets, widely supported by Ethereum-based services such as OpenSea, Foundation, and others. It's available as an extension for Chrome/Firefox or an iOS/Android app.



  • Add funds to your wallet

Transaction costs, often known as «gas fees» on the Ethereum blockchain, may be incurred when creating an NFT. Fund your wallet with compatible cryptocurrencies to pay these costs. OpenSea, one of the largest NFT marketplaces, charges a one-time registration fee and a contract approval fee. Creating an NFT collection and putting it up for sale on the marketplace is free. 
Depending on the NFT blockchain, transaction fees will vary. Because of the large number of transactions on the Ethereum blockchain, transaction fees are often high. To save gas, transact on weekends or use a blockchain with fewer users, such as Polkadot.
  • Connect MetaMask to OpenSea
 To link your wallet, go to the OpenSea website, find the «Wallet» button in the upper right corner of your screen, and select MetaMask from the list of available options. Your wallet will provide instructions to complete the process; follow them.
 
Preparing to mint an NFT 
Before selling an NFT, the owner must «mint» the digital asset. NFT minting is the process of incorporating digital artwork or digital material into the blockchain. Most NFT marketplaces make this procedure simple — just click a few buttons and submit the file.  
 
The NFT marketplace should then include a step-by-step guide to uploading the digital material. This is also known as NFT mining and is the procedure by which your digital work is turned into NFT that can be sold. NFT mining is a way of turning a digital file into a blockchain-based digital asset. A digital asset stored in a blockchain cannot be updated, erased, or altered.
 
Choose a price
Once you understand how to make an NFT, the next step is to establish a selling procedure. Put your NFT art up for sale:
 
 
Time auction
Buyers on OpenSea can auction off NFTs. This option allows you to choose the highest bidder in the auction. Reserve prices can also be set. Time auctions are suitable for selling limited editions of rare works of art when several bidders are vying for the right to possess them. 
A buyer can also bid on a fixed-price NFT you put up. This happens when someone wants to purchase your work for less than the price listed in the bid. You can accept the offer if you think it's competitive. However, remember that most bids are automated, so be careful not to accept too low an offer accidentally.

Create a listing
After selecting a price for your NFT, you must create a listing. If you are using a Marketplace, log into your NFT platform and like «Create» in the upper right corner. Then select one or more collectibles depending on the availability of your item. You must then provide a title and description for your NFT. 
Come up with an attractive and relevant title for your digital content without being too promotional. In the description, talk about the purpose of your coin and any underlying themes. You can also talk about the rarity of your NFT and whether buyers will get additional benefits from owning the asset (usually, one sentence is enough to get the attention of potential buyers). 
 
Check your offers
You should keep an eye out for offers from possible buyers. While most platforms will notify you when someone bids on your listing, it's essential to check them often, so you don't miss a single request. 
 
If you set a fixed price and someone agrees to buy your NMT at that price, the transaction is considered a public sale. In this case, you will receive a notification that your NMT has been sold, and your account will be credited with fiat money or cryptocurrency. 
 
Conversely, if there is an auction, you will receive notification of the various bids made on your NMT. In addition, buyers may bid you privately, offering a specific price for your NMT. There may be occasions when bids are lower than your minimum price (such bids are often generated by bots or competitors wanting to take advantage of the owner's negligence).
 
Accept the offer
When you receive an offer in the NFT marketplace, you can do one of three things: 
 
Make a public sale — Someone decides to buy your NFT from you on the marketplace at the price at which it was advertised. This method presents the fewest obstacles. 
 
Accept Public Offer — You decide to accept the highest offer, which is often cheaper than the price you originally advertised the item for. Be careful with offers, as the vast majority of them come from automated software. If you accept an offer with a low price, you will leave money on the table for other bidders. Checking the bidder's profile to see if he or she is making multiple low-bid offers that are below the minimum price will help you determine if he or she is a bot. 
 
Make a private transfer — This is a transfer of ownership that takes place outside of market conditions. You can gift the NFT to a friend or sell it to another person who is part of the community of people working on the project. Directly from your wallet, you can conduct private transactions. It is imperative that you trust the other person involved in the transaction.
 
Conclusion
NFTs, formerly a cryptocurrency movement, has now become a worldwide phenomenon that everyone wants to participate in. Many people decide to learn how to invest in NFTs, and many others want to learn how to mint their own collection of NFTs.
 
At first, making and selling NFTs may seem like a difficult and time-consuming task. However, after you do all your homework, the procedure will not be as complicated as you think.