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How to convert your digital art into NFTs and sell it?

How to convert your digital art into NFTs and sell it?

How to convert your digital art into NFTs and sell it?

What is “NFT”?

NFTs are non-fungible tokens. The adjective “non-fungible” is commonly employed in political economy to represent characteristics similar to individualism and non-interchangeability, within the crypto space, non-fungibility merely means one item can’t be changed for another. A “token” as a unit of account is largely a certificate of validity stored on the decentralized blockchain that makes digital assets traceable and accessible to everyone. As a result, NFTs are a unique virtual currency that can fall into virtually any category, often taking the form of paintings, videos, music, video game collectibles, or any other type of creative digital output.

Since NFTs skyrocketed in early 2021, these tokens are now being bought and sold by everyone around the world. But how can anyone turn real art into NFTs and how can they sell them? It is difficult? Is encryption necessary to perform an NFT? In short, the steps are pretty simple.

To understand the main procedure and its details, please read this quick guide below.

How to turn your art into an NFT?

If you’re already wondering whether you should turn your art into an NFT, the obvious answer is “yes, why not try?” The process of forming an NFT is not multifaceted, expensive or technical. All it requires is a set of creative skills and a PC. Again, it’s worth noting that NFTs may not only be able to convert images, but also songs, videos, GIFs, and more. digital elements. So first you need to choose the right art field that suits you.

Depending on this, you will understand what skills you need to become a real NFT creator. For example, as a graphic artist, you need to use graphic editing tools like Adobe Illustrator, Adobe Photoshop, MS Paint, CorelDraw, and the like. You can also try alternative methods such as B. If you choose to do 3D animation, you will be expected to use 3D modeling tools like Blender. o Cinema 4D at, design of animated graphics and characters that will later be converted into NFTs. After that, you need to come up with a unique idea for your individual work of art, or perhaps an entire collection, and think about what content it will ultimately become. rotate.

Setting up a cryptocurrency wallet

A cryptocurrency wallet is a tool you need to access NFT platforms, sign transactions and manage your balances. Before setting it up, the most important thing is to make sure the wallet matches the cryptocurrency used on the NFT platform you are using. you intend to use. Since most NFT markets are based on Ethereum, they accept Ethereum’s native ether cryptocurrency (ETHtickers down $1,337) as payment.

Therefore, it is necessary to have a crypto wallet with some ETH on hand. There are many crypto wallets with uncountable users. several of them have completely different functions and a few have their own cell phone. Apps and browser extensions for simple access to blockchain-based platforms.

Choosing a suitable cryptocurrency wallet depends on the type of security you are willing to have. The main types include custodial, non-custodial, and hardware wallets. A custodial wallet is also known as a hosted wallet because user funds are automatically stored in it by a third party, similar to how banks store funds in checking and savings accounts. It is considered the easiest to use and configure. Your crypto and you don’t rely on third parties to keep your funds safe users’ cryptocurrencies can be offline and secure them even in the worst-case scenario of someone else’s computer being hacked.

How to sell digital art as NFTs

The NFT sale is likely the end point of your NFT minting. Most NFT platforms have a feature that allows you to select a selling method or an option to set a price for your NFT while it is being minted. A fixed price sale is considered the easiest way, as well as being quite transparent and uncomplicated. To sell your newly minted NFT in this way, all you have to do is indicate the price at which you wish to sell it.

Some platforms also require you to set a royalty percentage, the amount you will receive in the event of future sales of your art, so be mindful of that as well. Another way to sell your NFT is through an auction that buyers can browse. and bid on your digital art. Some auctions may only take place online, while others may end in a full live auction. In general, there are two types of them. The first type is an English auction, a rising price auction where the highest bidder ends up winning.

A timed auction is a special form of English auction in which an NFT can be bid on for a defined period of time and in the end the collector who submitted the highest bid wins. The second type is a Dutch auction, a falling price auction where the price falls until someone buys your NFT. It is up to you which way you choose to sell NFT. Each way has its pros and cons, be it a possible misunderstanding of the true value of your artwork when setting a fixed price, or the time dependency during the auction sale.

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