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Article Author – Fracas Digital
The NFT boom has allowed artists and creators to trade new forms of digital art with a huge, and ever growing, global market. The boom has allowed for creators to gain additional benefits from trading on the online platform including more authority over the sales of their own work, increased royalties rights and access to a wider customer base worldwide. But how do creators get started selling NFTs? Although the world of cryptocurrency may look daunting, this guide by Fracas Digital NFT aims to ease artists’ journey into the metaverse.
Choose what you want to create!
Like any other project, the art begins with the idea. Choose what you, the artists, would like to create either in the form of physical artwork, digital art, music, video game, trading card… there really are endless possibilities of what NFTs can be. Save your artwork as a digital file, this will be the file which will be uploaded to the NFT marketplace and become your NFT. With a physical artwork, simply take a photo of the piece to act as the digital file or scan the work to make a copy – it is that easy.
Begin the process of minting
Next, it’s time to start the process to mint your NFT! Choose your blockchain- the most popular among NFT artists and creators is Ethereum but others do exist, like Solana and Tezos. Whilst Ethereum is the dominant blockchain, choosing the one which is right for you will depend on volume, average selling price and the buyers you want to target.
Set up a digital wallet
NFTs are bought and sold with cryptocurrency, held within a digital wallet. If you don’t already have a digital wallet, you will need to create one in order to access your assets. There are many trusted NFT wallets, inducing Coinbase and AlphaWallet, and once you have your wallet you will be able to buy cryptocurrency, such as Ether, the cryptocurrency of the Ethereum blockchain platform.
Although the process of setting up the digital wallet and investing in cryptocurrency may seem new, scary and lengthy, it is a straightforward process and will enable you to begin selling your NFTs!
Starting to sell on the NFT marketplace
Now the wallet is set up and you own cryptocurrency, it is time to sell. Take your artwork and choose which NFT marketplace you would like to list your product on, this could be OpenSea, Rarible, Nifty Gateway… There are plenty to choose from.
A tip for choosing which marketplace: we recommend OpenSea, you can mint your own NFTs and it’s a leader in sales, attracting the largest pool of buyers. However, research is always good to know which market platform would best fit your art. It is also important to remember minting fees! Make sure you are aware of these before you upload to avoid any unsuspected costs.
After choosing your NFT marketplace, connect your wallet and pay the fees to allow you to mint your NFT and hold any sales proceeds.
Finally, upload your NFT, it is ready to be minted. The NFT marketplace of your choice should provide a guide on how to properly upload your digital file on their platform which will turn the file into a marketable NFT.
The final step is to sit back and watch your work sell. You can sell your work at a fixed price, in a timed auction or have an unlimited auction where you control the price you want to sell your work at; it is all up to you.
Something to remember: remember to set your royalties, this will allow you to continue to profit off the sale of your work when it enters into the secondary market. Additionally, like minting fees, NFT marketplaces may also set listing fees, commissions on the sales, and transaction fees to process the sale of works, you should be aware of all these hidden costs before committing to any site to avoid a shock later.
We hope this guide will help you embark on your journey into the metaverse and, who knows, maybe you could be the next online sensation.