Creating an NFT is not an arduous task, and if you are proficient in creating art, you can do the same thing in the NFT space. The only difference over here is the “Digital Destination.” If you are a digital artist or are interested in NFT Art Development and selling NFT art.
This blog will be good news for you all. So without further delay, let us get into the topic.
Arts Selling Process – Then vs. Now
Those days, artists used to sell their paintings in an auction for a decent amount, and, also the process will be quite long. In the NFT space, the case is entirely different as the digital artists display their works on a dedicated platform known as “NFT Marketplace,” where buyers get hold of their assets by paying for them.
The concept of selling artworks is not something new for us, and it has been there in existence for many centuries. The idea of digitizing your artwork is the latest trend that has grabbed the attention of crypto folks and art lovers. The business peaked during the pandemic period in 2019 and has transformed into a productive business concept within two years.
How Do Digital Artists View The Presence of NFTs?
Digital artists will get a share of profit every time their work gets sold on the platform. To be precise, they view the term NFT as a modern auction method that comes with more exciting benefits. Even the budding digital artists use this opportunity to gain good recognition among fellow artists.
Beeple’s Success Inspired Many
Beeple, a famous artist who sold his NFT of collage of 5K images for more than 69 Million US dollars, became an overnight sensation in the digital space. His success in the NFT space has inspired thousands of digital artists to step into this space with a vision and a mission.
A Recent Good News
GENEVA – MADRID – FRIDAY, FEBRUARY 23, 2022: WISeKey International Holding Ltd. (“WISeKey”) (NASDAQ: WKEY / SIX Swiss Exchange: WIHN), a leading global cybersecurity, AI, Blockchain, and, also IoT company, today proudly announced its successful collaboration with Duran Subastas, a Madrid-based auction house, for the sale of artist Pedro Sandoval’s unique work Mona Lisa, Marilyn with Cheetas. The auction concluded with the sale of the NFT plus the physical art for 170,000 euros.
What Makes People Purchase Art NFTs for Millions?
Some people pay huge bucks for a token to become productive in the coming days. There are two main reasons why many spend huge amounts of money to own an NFT.
Reason 1 – The first reason is the love for owning good art. Starting from the ancient days, people have had an unending craze and, also passion for good art.
Reason 2 – The second reason is that they view this art as a futuristic investment where first they get hold of an NFT art and, also sell it for a better revenue in the future.
Developing an NFT Art is an ART
NFTs offer many benefits for digital artists, including money and fame. Before getting into the process, digital artists, aka creators, should know the workflow of NFTs before selling their digital art.
Below are some of the crucial steps involved in an NFT Art development.
STEP 01 —> Select Your Desired Art and Develop it
Let it be any form of digital art; you first need to decide your desired art. Once you know the concept, things will start falling in place. Create a unique art that will have all the stamina to attract more audiences to your project and, also spend more hours to get the best output out.
STEP 02 —> Choose the Right Blockchain
After creating art, you have to choose the right blockchain in which you want to create your NFT. Many blockchains exist and do complete research before picking the right one. Some of the famous blockchains are – Ethereum, TRON, Polygon, Solana, and more.
STEP 03 —> Select the Right NFT Marketplace
Once you are done with the selection of blockchain, the next in the list is selecting the NFT platform. And it is considered an essential step as it is the destination where the entire trading process occurs. Some popular NFT platforms are OpenSea, Foundation, Rarible, and more.
STEP 04 —> Setting Up a Digital Wallet
After selecting the marketplace platform, you need to set up a trustable digital wallet to store and manage your NFTs. Ensure that the wallet you choose is compatible with the blockchain you’ve chosen.
STEP 05 —> Connect Your Crypto Wallet to the Marketplace
Now you have to connect your desired wallet to the NFT marketplace platform. Once the arrangement is made successfully, you are all set to partake in the trading process.
STEP 06 —> Creating Your NFT
After connecting the wallet to the platform, one can create their NFT and list them on the forum. First, upload the digital art to the platform and give the needed information about it.
What happens After NFT Art Development?
Minting process – The NFT minting process will kickstart. It is the process that will turn your digital asset into a non-fungible token that gets sold on the platform.
Listing of NFTs – The NFT gets listed on the platform after the minting process. In general, the creator will be left with two options. One is to set a fixed price for the asset or make the asset face an auction.
Auction kickstarts – Once the NFT comes to an auction, potential buyers show their interest to get a hold of your asset for decent pay.
Final transactions – Once the transaction gets over, the amount will be transferred to your wallet, whereas the asset will be transferred to the buyer’s wallet.
As the fame of NFTs is skyrocketing, it would be a good idea if one knows how to develop an NFT art that offers many blessings in the future.
Without a doubt, NFT art Development is becoming a profitable business in the NFT space, and stepping into it could take your success rate to a new height.
It doesn’t matter whether you are an experienced or budding digital artist, and once you step into the NFT space, you are all set to inherit the benefits of selling an NFT art for a profitable sale.