If you are new to the world of NFT, know that it stands for “Non-Fungible token.” And while the name might sound intimidating, all you need to understand is that these digital assets can be traded on cryptocurrency exchanges. When we talk about NFT art, the particular term represents the art piece converted as NFT. It can be anything from painting, drawing, or photo to a music piece. Artists are now enticed to get into the NFT space and sell their creations in the form of NFT for a lucrative profit with no chances of copyright infringement or people selling fake replicas.
Artists are making millions by selling their NFT art. When you sell art in physical form, its value is fixed, but the value of NFT art rises depending on demand and rarity. Artists are liable for a lifetime royalty ranging from 2.5 to 10% for every sale of the NFT. An NFT artist, “Take Fvckrender,” has sold his art series “rewiring the brain” of 1970 NFTs for 894.577 Billion Dollars.
Why Make NFT Art?
NFT art is booming, and it is not hard to understand why. Artists have long scoffed at NFTs as a fad, but the fact is that there has never been a better time for artists to sell their work online. NFTs have already proved popular among artists and collectors. With the ability to sell their work without dealing with the hassle of shipping, storing, and selling physical artwork, many artists find that selling their artwork as NFT art is a much more attractive option than selling it in galleries or at art fairs.
However, why would anyone want to do this? There are lots of reasons! It is more profitable than traditional galleries as NFT art is a way for artists to keep most of the proceeds from the sale of their art because most NFT Marketplaces take significantly lower fees than traditional art galleries. No huge commissions are involved on every sale through an NFT marketplace like XANALIA. This gives artists more control over how much money they make and makes it easier for people who want to buy their artwork. When they put out an offer, they will know exactly how much they are paying for it—and why!
Creating an NFT is a great way to increase your profit margin and make more money from selling your digital assets than what they’re worth in fiat currency. For example, imagine someone creating an NFT of a painting worth $100 million. If they sell this painting for $100 million, they’ve made a profit of $100 million—and if the buyer sells the NFT at a higher price, the NFT creator will still get the royalty from the selling price.
Creating NFT art is a straightforward process. XANALIA NFT marketplace offers a low-fee structure compared to other top marketplaces. It has a solid reputation for customer service and immersive user experience.
Step by Step Guide on How to Make NFT Art.
1. To Make NFT Art, You First Need to Create Art
When deciding to create an NFT Art, you must consider what type of art you want to make as an NFT. NFT art can be animated graphic design, painting, Meme, photography, GIF, music NFT, etc. Always make sure that the NFT must be a unique art.
Use your creativity in designing distinctive and appealing NFT art. Select the item you want to convert as an NFT over the Blockchain network after scrutinizing whether the particular digital art will be able to attract people’s attention or not. Converting any random piece into NFT will result in nothing, so make sure that the NFT art is worth preserving over the Blockchain network.
2. To Make NFT Art, You Need to Select a Blockchain Network
To make NFT art, the user must pick a blockchain network for their artwork. Artists tend to select Blockchain networks based on user base and low gas fees. The most-used blockchain networks are Binance, Ethereum, and Polygon. Ethereum is the most widespread Blockchain network used by many famous NFT artists. Polygon and BSC are the fastest because transactions go through instantaneously and are cheap.
Although, there are a lot of reasons why people use Ethereum to make most NFTs. Ethereum has the highest trading volume and liquidity of all cryptocurrencies, which allows users to spend ETH on things like smart contracts, and could be used to pay for the creation of unique items on the blockchain. Ethereum has enough liquidity to support its large user community, unlike other crypto variants and forks. It’s important, though, to keep in mind that ETH transaction fees are costly, and the blockchain is very slow relative to BSC or Polygon.
3. To Make NFT Art, You Need a Crypto Wallet
To Make NFT art, you’ll need a crypto wallet. Crypto wallets are the most crucial part of NFT creation because they control all of your NFT transactions. If you don’t have a crypto wallet, or if you don’t have the right one for your needs, then you won’t be able to create NFT art. If you have an existing crypto wallet (such as Coinbase or Binance), you’re good to go! If not, we recommend setting up a MetaMask wallet.
Once you’ve created your wallet, the process on how to Make NFT Art is pretty straightforward. You’ll have to add some crypto tokens to your wallet as the NFT minting will cost you some fees, but some platforms don’t charge any fees for NFT minting. There can also be gas fees/network fees involved with making transactions. To use an NFT Marketplace to make NFT art, you will need a wallet; once the NFT is minted, it will be kept in your wallet. Having a crypto wallet is an essential part of being able to make NFT art.
Note: The Crypto Wallet must be compatible with the NFT marketplace and the blockchain.
4. To Make NFT Art, You Need to Use an NFT Marketplace
As soon as NFT became the buzzword in the market, multiple NFT marketplaces emerged. The NFT marketplaces like XANALIA, OpenSea, etc. offer many benefits in creating NFTs.
Do your research around the NFT platforms according to your requirements and whether they support your Blockchain network or not. Also, make sure the NFT Marketplace supports multiple tokens. XANALIA is an ideal NFT Marketplace because it has multi-chain operations, which means it works on Ethereum, Polygon, and Binance Smart Chain. Additionally, XANALIA accepts numerous cryptocurrencies from all of these blockchains.
Another essential factor to remember is the fees the NFT Marketplace charges. Most NFT Marketplaces charge high fees, up to 10%, for selling your NFT art. XANALIA only charges 2.5% in fees, thus making it one of the cheapest NFT Marketplace in the space
5. To Make NFT Art, You Need to Mint NFTs
After setting up the crypto wallet, finding an NFT marketplace, selecting the Blockchain network, and NFT art, the next crucial step is finally uploading your selected piece as NFT over the NFT marketplace. Check whether the NFT marketplace supports your NFT type, and then click on the “Upload NFT”/”Create NFT” option. Select the NFT from your device and upload it. Every NFT marketplace follows almost the same procedure for NFT minting. To mint an NFT on the XANALIA NFT marketplace, the user needs to follow the given steps:
- The user opens the Create NFT page from the Left menu or the My Items page, NFT List tab.
- User inputs NFT information on the Create NFT page:
- Upload media (Drag & Drop file or Browse from the device). Users can change or remove media after uploading.
- Thumbnail image
- For image files (.jpeg, .jpg, .png, .gif): Set the image uploaded as thumbnail. No need to choose a thumbnail.
- For video/audio files (.mp4, .mp3): After uploading the media, the user needs to upload an image to set it as a thumbnail.
- Choose a collection: The user can choose a created collection or Xanalia default collection on each chain (Xanalia Polygon, Xanalia BSC, Xanalia Ethereum).
- Enter NFT details
6. Customize Your NFTs, and Your NFT Art is Ready
For minting an NFT on the XANALIA NFT marketplace, users need to follow the given steps: before jumping to the “Mint NFT” button, users need to enter all the NFT details. All the details must be valid and unique, maintaining the scarcity of the NFT.
- NFT name.
- Choose a collection: The user can choose a created collection or Xanalia default collection on each chain (Xanalia Polygon, Xanalia BSC, Xanalia Ethereum).
- Description: 1000 characters max.
- Choose NFT type: Art, Image, GIF, Movie, Music.
- Select one of the listed currencies:
- For BSC chain: ALIA, BUSD, and BNB
- For Polygon chain: ALIA, USDC, ETH, and MATIC
- For Ethereum chain: ETH, USDT
- Royalty: Set royalty percentage for the creator (2,5% / 5% / 10%). The royalty fee will be sent to the contract address connected to Xanalia at that time.
- User inputs all sales information:
- The user chooses the Sales type: Fixed Price or Auction.
- In the case of Fixed price, the user inputs the price.
- In the case of Auction, the user inputs Open time, Close time, and Minimum bid. Users can only use the ERC-20 token for Auction (BUSD, USDC, USDT).
- The user saves NFT on the Blockchain (uploading to the collection – mint NFT).
The NFT is available to all users to view, buy/make an offer/bid/like on Marketplace. Once the user clicks the “Mint now” button, a new NFT will be minted on the Blockchain. The creator can view minted NFT on the My Items page, NFT List tab.
7. Mint Your NFT Art as a Series or a Standalone Piece
Users can either choose to create a single NFT art or can create an NFT collection of their art series. Similar to minting physical versions of your work, you can mint your NFT art as a series. Artists can craft each piece of their series and add it to the blockchain. The benefit here is that each piece of the series or collection is unique and, therefore, valuable, which can help boost demand for all the pieces when they’re released as an NFT art set.
8. Put NFT for Sale or Auction
Now the final step is if you want to sell the NFT for a fixed price or put it on auction. Select the NFT sale type, then click on the “Mint Now” option. After this, you must pay the applicable minting or gas fees.
Now your digital art is converted as NFT and is available at the NFT marketplace for the users to purchase.
Factors to Consider While Creating NFT Art
We know that NFT art is gaining popularity among artists, but some essential factors must be understood when deciding to create NFT art. Creating NFT art is relatively simple; here are a few things you should keep in mind when creating your own NFTs.
First, you can’t just slap anything on your NFT and call it art. It would be best if you made sure that the piece of art you’re putting into the blockchain is something that fits within the guidelines of the NFT. For example, if you’re creating an NFT of a painting by Vincent van Gogh, you should make sure that it’s a unique work of art that’s not already registered as an intellectual property (IP) or trademarked by someone else.
Second, you must decide how much money you want to put into your NFT creation and stick to it! It’s easy to get carried away with what looks cool or fun and forget about what’s going on behind closed doors. Suppose you want your NFT file to be featured on the blockchain for longer than 30 seconds before disappearing forever (or even just being deleted). In that case, it might be worth considering how long this artwork will last before going live.
Third, don’t forget about security. When creating an NFT file for public release, ensure that any passwords or access codes are kept private and secure.
Conclusion!
The reason why creating an NFT helps you make a considerable profit is that there are so many people who are willing to buy these types of items. This means there will be a lot of demand for them, so that they will go up in value quickly. Artists are converting their art into NFTs to make it more secure, copyright protected, and valued in the market.
