NFTs, non-fungible tokens which were initially crucial in the virtual industry, are now globally
popular. Fortunately, the rising popularity makes people curious and learn how to make an NFT
art. As a result, many people have jumped onto the bandwagon.
How to Make an NFT Art – Step By Step Guide
If you wish to make a digital art token, here is what you need to do:
Setting Up an NFT Marketplace
The first step to making an NFT artwork is to choose a marketplace to sell it. Here’s the exciting
part: you can choose from two categories of peer-to-peer NFT marketplaces.
Curated Platforms: This marketplace enables NFT artists to create or mint digital art
tokens. However, they are primarily high-quality tokens, not collectibles of low quality.
Self-Service Platforms: Here, everyone can create their digital art tokens using whatever
they prefer. This means that one can make an NFT by using a video, photo, or even an
audio file. Furthermore, it enables everyone to choose the percentage of royalty they wish
to charge for every token they sell.
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Setting Up a Digital Wallet
To create and sell a digital art token, you require cryptocurrency. There are auction platforms
that pay upfront for minting an NFT, i.e., the process of turning your artwork into a ready-to-sell
NFT (non-fungible token).
Mainly, payments are made using cryptocurrencies. Therefore, before selling an NFT and
securing a chance to earn a cryptocurrency, you will have to buy it to pay the fees.
Ether (ETH) is the most commonly used cryptocurrency as it is regarded as Ethereum’s native
Add Cryptocurrency to Wallet
After you’ve created your MetaMask wallet or any digital wallet, you’ll need to fund it with ETH.
If you don’t already have some ETH, you’ll need to buy some now, so click the ‘Buy’ button and
choose ‘Buy ETH with Wyre.
Connecting Wallet with NFT Platform
Most digital wallets operate similarly. Whichever one you choose, you’ll need to connect it to the
NFT platform through which you’ll sell the NFT. There are numerous NFT platforms to choose
from, and the process will be similar in most cases.
Selling Your NFT
The ultimate step in the NFT minting process is deciding how to monetize your NFT. You can,
depending on the platform.
Sell it at a fixed price: If you set a fixed price, the first person willing to meet that price
will be able to purchase your NFT.
Set a time limit for the auction: A time limit will give those interested in your NFT a
set amount of time to submit their final bid.
Unlimited Auctions: Auction has no time limit. Instead, you have the option to end the
auction at any time. First, you’ll need to decide on a starting price (if you’re holding an auction).