Non-fungible tokens (NFTs) are slowly gaining popularity in the digital assets space, and even more so in the art world. This growing popularity has led many people to look for ways to make NFT art so that they can join this popular trend.
Several artists have realized the potential implications of NFTs and have already jumped on its bandwagon. As a result, they are able to build their own communities without the need for external management or agency.
A great example of someone who makes NFT art is Beeple. One of his NFTs sold for over $69 million worth of ETH at the time.
The goal of this article is to provide digital artists with a step-by-step guide on how to make NFT art. Before digging right in, below are a few reasons why artists should consider making NFT artworks.
Why Make NFT Art?
NFTs are a very valuable asset class for people who want to make NFT art, but NFTs actually serve a very wide purpose, because they have multiple use cases. One of the biggest use cases for NFTs is proving ownership, and authenticity of digital art so that it can be sold. Before NFTs were made, proving ownership, authenticating, and buying digital art was extremely difficult, but NFTs made this whole process very easy.
Here are only a few examples of how NFTs can benefit people who make NFT art:
- Lifetime royalties: Artists not only make money by selling their digital art tokens once, but they can continue to make money as long as these tokens are available. You can program royalties into your digital artwork through NFTs, and the smart contracts on a blockchain will automatically give you a percentage of the sale whenever the NFT art is resold. The percentage programmed in artworks is completely customizable (2.5% to 10% being, and it ensures that you get lifetime royalties for the NFT art you made.
- Cheap to set up: Because NFT art is sold online to a global audience through peer-to-peer markets, you don’t have to spend money on auction houses and art galleries. It allows you to have a significant share of the profits from the sale.
How To Make NFT Art in 6 Easy Steps
You can create a digital art token by carefully following the steps below.
The first 3 steps in this guide are only necessary if you are completely new to the crypto space as a whole. If you are already familiar with this space and are only interested in finding out how to make NFT art you should skip ahead to the 4th step of this guide.
1. Select an NFT Marketplace
If you want to know how to make NFT art, the first thing you need to do is choose an NFT marketplace. There are three types of peer-to-peer marketplaces that you can choose from:
- Curated Platforms
- Self-Service Platforms
- Hybrid Platforms
A curated NFT marketplace is a digital platform where users can buy, sell, or auction off their exclusive, digital collectibles. In order to be authorized to sell in a curated NFT marketplace, creators typically go through a highly selective application process. This ensures that only the most reputable and qualified individuals are able to trade on the platform.
As such, curated NFT marketplaces provide collectors with greater peace of mind and assurance that they are making wise investments. That said, there is no absolute guarantee that your investments would be fruitful.
This category of peer-to-peer marketplaces allows any NFT artist to make NFT art of their choice. A self-service platform allows NFT artists the freedom to make the kind of graphics or videos they like, and mint NFTs that represent their digital art on a blockchain.
Self-service platforms also allow you to set whatever percentage of royalties you would like to receive for each NFT you make.
The upside to these marketplaces is that collectors and investors have a better shot at spotting underrated or unsung creators. The downside, however, is that it is more susceptible to fraud and imposters.
Hybrid platforms, like MantlePlace, combine the best of both curated and self-service NFT platforms.
Here, anyone can begin selling NFTs without a strict vetting process. However, artists can enter a pool of verified creators upon verification by a curation DAO.
2. Set Up a Crypto Wallet
A very important part of figuring out how to make NFT art is setting up a blockchain wallet. A blockchain wallet is where you will store your cryptocurrencies and your NFTs.
Your choice of crypto wallet would depend on your choice of marketplace. More specifically, by the blockchain that the marketplace supports.
3. Fund Your Blockchain Wallet
An important aspect of learning how to make NFT art is knowing that there are network fees associated with minting NFTs.
Once you have made a blockchain wallet you will have to buy some MNTL, SOL, ETH, ATOM, XPRT, or other cryptocurrency and transfer it to your compatible wallet.
4. Create Your NFT Collection
All the prior steps were only necessary if you are new to the blockchain space as a whole. If you are already familiar with this space then the first real step in how to make NFT art is creating your NFT collection.
NFT art is generally made in the form of art collections. Different NFT marketplaces will have different ways of how to make NFT art collections, but the general idea is fairly similar.
5. Creating Your Digital Arts Token
Once you’ve finalized your collection, it’s time to embark on the basic process of creating your NFT. Click the Add New item, and it will give you the option to upload metadata which includes visual (JPG, PNG, GIF, etc.), audio (MP3, etc.), and 3D files (GLB, etc.). And your token is a name.
You can choose to create an unlimited number of tokens, but you have to do it one at a time. It is also important to note what kind of NFT token you want to create for your digital art because there are two types of NFT tokens: Stand-alone tokens and Edition tokens.
Stand-alone token: You can make just one copy of this particular digital art token, making it even more valuable.
Edition Token: Here, you can make as many editions of a single artwork as you want. You have to add the edition number to differentiate between each copy. Next, you can add properties, levels, and statistics as they enable buyers to filter your NFT art. Properties may look like you created a token.
Once you’ve added all the necessary details, including social links, updated image, description, and name, add (mint) your NFT to the blockchain and approve the transaction for this step. Gas fees or network usage fees will have to be paid to complete the transaction.
After that, you can choose the payment tokens you would like to accept for your digital art. You can also select the percentage of royalties to receive on the secondary sale of your artwork.
6. Listing Your Artwork For Sale
Once you’ve created your NFTs, the next step is to list them for sale. You can choose a fixed price list or auction or set your price.
Of course, you don’t have to mandatorily sell your NFT art, and you can even keep it for your own collection.
We hope this article has helped you understand the basics of how to make NFT art. The process is still quite new and ever-evolving, so be sure to stay updated with the latest trends.
If you’re an artist looking to get started in the world of NFTs, be sure to check out MantlePlace. MantlePlace is a decentralized NFT marketplace that makes it easy for artists to create and sell their digital artworks whilst keeping minting fees to a minimum.