How To Make NFTs
Non-fungible tokens (NFTs) are gradually gaining popularity not only within the virtual currency industry but globally. This growing popularity has prompted many people to search for how to create NFT art and eventually join the raging mania.
First, Non-fungible tokens are digital assets built on blockchain technology that represent various rare and unique items like virtual real estate, digital pieces of art, collectible sports cards, and many more.
Many people earn a lot of money from these tokens, both the traders (collectors) and the creators (artists).
This article will reveal the benefits that digital artists gain from creating NFT art. It also provides a step-by-step guide to make NFT art and answers frequently asked questions you may have about the emerging industry.
Why Should You Create An NFT If You Are An Artist
Throughout history, artists have struggled with earning more from their works even when the value appreciates. But, this case is not right of NFT art. If you are an artist, you need to may want to consider creating an NFT because of these three primary reasons:
Lifetime Royalties: Artists do not only make money from selling their digital art tokens one-time but can keep earning from them as long as those tokens exist. You can program royalties into your digital artwork, and this allows you to receive a percentage of sales profit anytime the artwork is sold to a new user.
The percentage programmed into the artworks can range from 2.5% to 10%, and this ensures that you receive interest on life-time resales of the NFT art.
Cheaper to Set Up: Since the NFT art sale is conducted online via various peer-to-peer marketplaces to a global audience, you do not have to spend money on auction houses and art galleries. This allows you to keep a significant portion of the profit made from sales.
Verifiable and Authentic: Although anyone can view your digital artwork token, link to it, or even download it, it is only owned by one person at a time.
Once it is entered into the blockchain, it possesses an unmistakable certificate of authenticity because the creator, purchase price, and subsequent owners and acquisition prices are visible and travel with the piece. This contributes to a level of market transparency that has never existed in the traditional art world.
The next section provides a detailed step-by-step guide on how to create NFTs art.