Non-fungible tokens (NFTs) are a new form of digital asset used in the blockchain industry to create unique and limited digital art. The creation of an NFT can vary depending on the stage it enters, but the end goal is always to give the token its own identity.
Although owning yours is an expression of passion, it can be a great financial investment. Having something you love on your wall is unique and makes your home feel more personal and organized. This article will explore how to turn standalone digital art into an NFT.
Tips for Converting Digital Art to NFT
1. Select an art
The first step to creating an NFT is to find a piece of digital art that you want to turn into an NFT. Remember that any file stored online can turn into an NFT, but the most common types of digital artwork are GIFs, JPEGs, and PNGs.
You can create the artwork you want to turn into a NFT digital art or find someone else’s artwork that you’d like to turn into NFT. If you turn someone else’s work into NFT, you must have the artist’s permission and pay them royalties for their work if they request it.
To find the artwork you want to turn into NFT, simply search online for a GIF, JPEG or PNG image that interests you.
2. Choose a blockchain
The next step in creating an NFT is choosing an appropriate blockchain. Several platforms are available, but the most popular are Ethereum, Flow, and Tezos.
These blockchains differ in size and speed, which affects how much you pay to mint your NFT. Generally speaking, larger blockchains have more computing power and flexibility to execute transactions quickly, while smaller blockchains may take longer to process a transaction but cost less.
Flow, for example, is ideal for NFTs that need to support interactive features such as video games or art. The designer created specifically for digital collectibles and had a native NFT standard called Collectibles. Flow is also optimized for speed, with the ability to process hundreds of thousands of transactions per second.
Ethereum is the largest blockchain in the world, with over 200,000 active addresses, making it one of the best options for artists with large audiences who want to grow their audience without waiting days or weeks for their collection be minted.
3. Buy a small amount of Ethereum
Since the price of ETH changes almost daily, you will need to check its current value against your local currency before buying. There are many places where you can buy ETH, but be sure to do your due diligence before buying from a crypto exchange. You will also want to check if there are any fees associated with buying ETH so that your purchase does not cost more than it should.
4. Choose an NFT Marketplace
Connect the wallet to the NFT Marketplace. Go to your NFT marketplace and find the wallets section. You will need to connect your wallet before you can start creating products.
You need to choose a wallet that suits your project. For example, there are different wallets for different blockchains – Etherium and Flow. Check with the market to see which one they support.
5. Create NFTs
For example, a digital artist can sell their painting as an NFT, giving the buyer ownership of the digital asset. They could even include the original work in the sale by uploading it with their NFT.
There are many advantages to selling art as NFT:
- Payments are made instantly and are not reversible.
- One can copy and share NFTs indefinitely without compromising the value of the work itself.
- You can sell multiple versions of your work, such as limited editions and prints. All available builds are visible in one place for buyers to choose from.
- You retain full control of your work, which means you can set rules for it.
Overall, NFTs are a great way to promote and display cryptocurrency-based art. Thanks to their simple interface, anyone can create and display their NFT on the blockchain without specialist knowledge. Art collectors can even use NFTs to invest in art before the final product is complete.
NFTs are one of the most exciting new technologies in the art and crypto space. This is truly a new and exciting use of this technology that can bring value to artists and collectors. Hopefully this article will empower anyone in the art field, whether painter or coder, to create NFTs themselves.