Convert Digital Arts Into NFTs & Trade Them
A GIF was recently auctioned for $60,000 on an auction platform. Isn’t it surprising? Even more astounding is the fact that Twitter founder Jack Dorsey’s first tweet being sold for $2.9 million.
It is now that simple to make money selling your digital work. However, there is a procedure that you should follow. Understanding the notion of NFTs can also help you convert and market your digital creations.
Before we go any further, let’s have a look at NFTs. A Non-Fungible Token (NFT) is the tokenization of a collectable object or piece of art using Blockchain technology. It is legitimate because it allows everybody to see who owns the ‘token.’
Set your sights on delving further into the process. The full procedure is explained here.
Step 1: Pick Your Favorite Piece Of Art
NFT may be made out of anything. They can be created using music, paintings, videos, or other forms of digital art. So, first of all, pick a suitable work of art that best represents you and in which you shine.
Step 2: Pick The Right Blockchain Platform
It is crucial to choose the right platform for minting (before turning your art into NFTs). There are several blockchain platforms to select from today. Each platform has its own NFT token standard, wallet, and marketplace. This means that an NFT token created on a certain blockchain platform can be sold and purchased on that platform.
As a result, selecting the appropriate blockchain platform is critical. Ethereum is presently at the forefront of this field. Ethereum wallets which are widely used include MetaMask and Trust Wallet. There are also Tezos, Binance Smart Chain, Cosmos, WAX, and more blockchain systems accessible. It is best for newcomers to select platforms that are simple to use and decrypt.
Step 3: Buy A Minimal Amount Of Ethereum
Certain costs are associated with converting digital art into an NFT for most digital art marketplaces. To advance, you must first collect a particular amount of the local coin/token. Remember that the value of coins/tokens changes every second.
Step 4: Link Your Wallet To The NFT Marketplace
After collecting the necessary coins/tokens, it’s time to get on the NFT bandwagon by picking an appropriate wallet.
Step 5: Register As An NFT Artist
Once the wallet is set to use, it’s time to convert the digital art into an NFT. To do so, sign up for an account on the chosen platform and register as an artist. Some markets need artists to get a digital signature for security reasons. After you have done the preliminary setup, you may submit your digital creation.
Step 6: Mint Your NFT
It is now time to transform the material. Every market will have its own set of rules for minting. Make certain you completely read them before proceeding. Once you’ve published your work, the individual marketplaces will do the necessary verifications on the backend. After that, the procedure will be completed.
Step 7: Sell Your NFT And Earn
After successfully minting your NFT, you can offer it for sale. It is also possible to hold an auction or trade the NFT at a set price (on selective platforms).
Ending Note
You can sell your NFT after successfully minting it. It is also possible to arrange an auction or to exchange the NFT at a predetermined price (on chosen platforms).
Get started!
