Convert Your Art into Extraordinary NFTs
Non-fungible tokens are digital items that are valuable and rare. It represents ownership of a particular item that is stored on the blockchain, whether it’s artwork, videos, in-game rarities, or even real estate. NFTs are a potential new way for artists to sell art as we are now facing different new-age technologies. Aside from selling, artists can secure ownership of their digital assets, offering access to new communities, and even used to register ownership of in real life items.
Minting is the process of creating an NFT; it is neither costly nor technical; it requires a set of creative skills and knowledge about computers. Anything can be converted to NFTs, songs, videos, GIFs and other digital items, but for starters, you have to choose a proper art field which suits you best. For example, as an illustrator, you’re required to use softwares like Clip Studio Paint, Adobe Photoshop, Adobe Illustrator, Blender, and the like to design animated graphics and characters that will then be converted into NFTs.
What is NFT minting?
Digital assets should be signed with a smart contract on a blockchain to become an NFT. A process wherein you create and register them on the blockchain by code or can be done for you automatically when uploading artwork to a specialized marketplace. A particular piece will now be secured and tamper-proof; it can now be bought, sold and digitally tracked when resold or recollected.
To start minting and generating, you’ll need a cryptocurrency wallet like MetaMask, as well as enough ether (ETH) to cover the gas costs. Most common NFT gas fees mainly mentioned is the Ethereum Blockchain.
Ethereum uses a Proof of Work consensus mechanism that functions by utilizing validators, also known as Data Miners, to solve cryptographic algorithms, compensated for their effort via gas fees, and incentives that provide them continued support to transactions. Total transactions will be equal to the gas limit times the gas price. With a successful solution to these algorithms, it enables sets of transactions to be processed and added to the blockchain that results in requiring a lot of computational energy, setting the gas fees rates based on the level of NFT minting traffic at a given time.
Minting comes at a high cost in terms of gas and it is substantial and can change overtime; it is recommended to always check the current gas charge before minting and performing transactions. For more details about creating, buying and selling of NFT, [ insert link Where to Create, Buy, and Sell NFTs For Cheap Gas Fees article here ]
So, how do you turn your art into NFT?
Conceptually, the aspect of “value”is directly proportional to “rarity”. The more unique and intriguing your NFT is, the more is the chance for it to sell for exponential amounts. For this to happen, there are three potential ways through which you can increase the value of your NFTs.
1. Choose an Art
NFT can be made out of anything. Choose one which suits you best and you are best at, this is the first step in creating an NFT.
To convert Physical Items to an NFT and its only way is to snap a picture of your physical art and tokenize it. Yes, you read it right; this will now become a digital version of the physical art and not the actual, though it might not hold the same value and essence as that of the original physical art.
There are other ways to raise its value; one would be sending the physical item to your buyer or tokenizing a code within a microchip inside the artwork.
2. Select a Blockchain Platform
It is essential to choose a proper platform to convert your art into NFTs. Each blockchain has its own standard, compatible wallet and marketplace, meaning NFT tokens created on a particular blockchain can only be bought and sold.
Ethereum is the current leader in the field; it supports ERC-721, an ethereum-based NFT token standard. A few platforms are MetaMask, Coinbase Wallet, and Trust Wallet.
3. Purchase ETH (Ethereum)
There are fees associated in minting NFTs and Ethereum price fluctuates every second.
4. Connect your wallet to NFT Platform
Choose a proper marketplace to show your NFT collection, select a wallet to complete the transaction. For beginners, Rarible is recommended to enlist your NFT.
5. Create an NFT Artist Account
After setting up your wallet and choosing a blockchain platform, it is time to convert your Items into NFT. Artists are required to register in every NFT-centric forum, and will be asked to connect their ETH wallet with a digital sign for better security. Users are now allowed to upload their media with their name and description. Once done, the artist needs to add a banner to the page by clicking on the pencil icon, with that said you now have an NFT account.
6. Create NFT
To create, select the Add New Item Button and this will allow the user to upload their digital art and will be converted to an NFT. Once uploading is finished, click “create” and we’re done. You can now successfully sell your newly created NFT.
Following the simple and easy steps, anyone can create their NFT on any blockchain without special knowledge. NFTs are a great way to promote and display cryptocurrency-based art. It is genuinely a new and exciting usage of this technology that can bring artists and collectors alike value.