Intro
In this article we will analyze how you can create your own NFT so that you too can take part in this revolution that has begun.
Just when we thought cryptocurrencies couldn’t get more exciting than Bitcoin’s bull run, NFTs came into play dynamically and have captivated the world so far. All thanks to the famous artists who are trying this new way of creating and state-of-the-art technology.
In October 2020, a Miami-based art collector purchased a 10-second video artwork as an NFT for $86,000. After the last week of February (2020), he sold this digital NFT art for a sum of $6.6 million.
Also, a group of people took it to another level when they created a $100,000 artwork of the famous artist Bansky and then sold it in the amount of $390,000 in the opensea market.
What’s up with all that excitement about NFTs?
In 2017, a unique company launched the Ethereum-based NFT CryptoKitties, which enabled the user to breed rare and cute digital cats on the blockchain. Because of our love for cats, the game became known and NFTs their first major approach to the world.
2020 changed for the better, when the lockdown imposed due to COVID 19 called for everything to be done digitally. Lockdowns have forced people to adapt to a more digital lifestyle.
Offices turned into chores from home, schools and students adapted to e-learning, Netflix began to release more and more movies, and on Amazon Prime, shopping became less tedious with online shopping being the only option, and artists looked at digital art as a way to portray their creativity. That’s where NFTs came in and showed a nice way for them (the artists) to create and sell digital art online.
Why create NFT projects?
Surely everyone has their doubts about whether NFTs are really worth it or not. But think for a moment about the traditional world of art. You see art galleries, people who pay hundreds of thousands or millions for works of art, and then you are impressed by reality. Only a few are able to make a living from it, given the right conditions.
The world of NFTs is very diverse. In it you as an artist control all aspects of your work. NFT marketplaces are global in scope and exhibit the artwork to the entire world.
You don’t have to contact a gallery or agency to sell your work, and you don’t have to share your income with intermediaries. In fact, NFT marketplaces constantly keep you up to date on the sales of your artwork. Every time the NFT of your artwork is traded you can get a fair commission from it. Also you can at any time prove the authenticity of your work and that at any given time only one person will be its real owner.
How to create NFTs?
Contrary to what one imagines, creating NFTs requires little to no technical knowledge. There are plenty of NFT marketplaces like OpenSea, Rarible, or Mintable where you can create NFTs for your artwork in minutes.
To start creating your NFT, you will need to link your crypto wallet to an NFT marketplace of your choice. The wallet address will be your login details, so you will never have to share any more details. Once you’re done you can go to the ‘Create’ section of the marketplace, upload your artwork and complete the process by clicking the right buttons.