NFT Art: How to Convert Your Physical Art into NFT Art
Creating NFT art can be a lucrative and exciting way for artists to explore new creative horizons and connect with a global community of art enthusiasts. Let’s dive into NFT art and everything you need to know about transforming your artworks into NFTs.
NFT art is digital art that is sold in the form of non-fungible tokens (NFTs). This provides a way to authenticate and verify ownership of the artwork using blockchain technology. Physical art can be converted to NFT art by creating a digital version of the artwork.
NFTs have created a new market for digital art and provide artists with a way to monetize their work in a way that was previously difficult or impossible. NFTs provide a secure and transparent way to represent your digital creations.
While NFTs and cryptocurrencies are related, they have different rules, and NFTs have gained unique importance within the cryptocurrency space. As an NFT enthusiast, you may wonder if you can turn your photos or art into NFTs. Before delving into that, let’s cover the basics of NFT art.
NFTs are unique digital tokens that are stored on a blockchain, which is a secure and decentralized ledger that tracks ownership and transactions. In contrast with cryptocurrencies like Bitcoin (BTC), which are fungible and can be exchanged for one another, NFTs are non-fungible and represent a specific asset or piece of content.
NFTs have gained popularity in the art world because they provide a way to authenticate and verify ownership of digital art, music, and other creative works. When someone purchases an NFT, they receive a unique digital token that proves their ownership of that specific piece of content.
NFTs are typically bought and sold on NFT marketplaces using cryptocurrencies. However, the use of NFTs is not limited to the art world, and they can represent any type of unique digital asset.
What Is Crypto Art?
Crypto art, also known as blockchain art or digital art, refers to artwork that is created, distributed, and sold using blockchain technology and cryptocurrencies like Bitcoin and Ethereum (ETH). It is a form of digital art that is authenticated and verified using blockchain technology, which ensures that the artwork is unique and can’t be replicated or forged.
Crypto art can take many forms, including digital paintings, animations, videos, and even virtual reality experiences. It is often created using software like Adobe Photoshop or Blender and can be displayed on digital screens, projectors, or even NFT-enabled digital frames.
One of the unique aspects of crypto art is the ability for artists to monetize their work in new and innovative ways. By selling their artwork as NFTs, artists can receive royalties each time their work is resold, which is not possible in the traditional art world. Additionally, crypto art has opened up new markets and audiences for artists, as it can be sold and displayed worldwide through digital channels.
Turning Art into NFTs
Turning art into NFTs involves several steps, but the process is not overly complex or expensive. The basic process involves choosing an art field, creating the artwork, coming up with a unique idea, and minting the NFT on a blockchain network. With the right tools and creativity, anyone can create and sell their own NFT artwork.
Choose your art field. The first step is to choose an art field that suits your creative skills, such as graphic design, 3D modeling, or animation. NFTs can potentially represent a variety of digital items, including images, songs, videos, and GIFs, so it’s important to consider what type of digital asset you want to create.
Create your artwork. Once you’ve chosen your art field, you’ll need to create your artwork using the appropriate software tools. For example, if you’re a graphic artist, you may use tools such as Adobe Illustrator or Photoshop to create your artwork. Alternatively, you could experiment with 3D modelling software like Blender or Cinema 4D if you want to create animated graphics or characters that can be turned into NFTs.
Develop a unique NFT idea. Next, come up with a unique idea for your NFT. This could be a single artwork or a full collection, but it should be something that has value and is likely to be of interest to collectors.
Mint your NFT. After you’ve settled on your idea, you’ll need to convert your artwork into an NFT. This involves minting the NFT on a blockchain network like Ethereum, which involves registering your artwork on the blockchain and creating a digital token that represents ownership of your artwork. Once your NFT is created, you can list it on an NFT marketplace for sale to collectors.
Selling NFT Art
You can sell your NFT art and potentially earn significant revenue with the following processes. Note that it’s important to research the NFT market and understand the risks involved before getting started.
Choose an NFT marketplace. There are several NFT marketplaces available where you can list and sell your NFT art, such as OpenSea, SuperRare, and Nifty Gateway. You can do some research to find out which marketplace aligns best with your goals and target audience.
Create an account. Once you have decided on a marketplace, create an account and verify your identity. Some marketplaces require you to connect your digital wallet to your account.
Upload your NFT art. Once your account is set up, upload your NFT art to the marketplace. Include a detailed description of the artwork, including any unique features or qualities that may make it valuable.
Set your price. Decide on a price for your NFT art. Consider the current market trends and the value of similar NFTs when setting your price.
Wait for a buyer. Once your NFT art is listed, you’ll need to wait for a buyer to show interest. Some marketplaces allow you to promote your NFT art to increase visibility and attract potential buyers.
Finalize the sale. Once a buyer shows interest, you can finalize the sale by transferring ownership of the NFT to the buyer in exchange for payment. This process is typically done through the marketplace’s platform.
NFT Artwork Examples
These are examples of popular NFT works that have gained value and popularity in recent years:
“Everydays: The First 5000 Days” by Beeple – the collection of 5000 digital images that was sold for $69.3 million at Christie’s in 2021, making it the most expensive non-fungible token ever.
“CryptoKitties” by Axiom Zen – NFTs of unique digital cats. Minted on the Ethereum blockchain, CryptoKitties emerged as one of the world’s first and most widely recognized blockchain games.
“Mars House” by Krista Kim – the first NFT digital house in the world.
“Nyan Cat” by Chris Torres – a one-of-a-kind edition of the iconic GIF that was sold in February 2021 as an NFT for 300 ETH, the equivalent of US$587,000 at the time of sale.
Benefits of Selling NFT Art
Selling NFT art comes with several benefits. Firstly, the artist retains ownership and control of the original artwork, even after selling it. This means they can continue to profit from it and set the terms of its use.
Secondly, NFTs provide a way to verify the authenticity and ownership of digital art, which can be difficult to do in the digital realm. The artist can earn royalties every time the NFT is resold, providing a potential source of ongoing income.
NFTs also allow artists to sell their work to a global audience without the need for intermediaries or traditional art market gatekeepers. This opens up new opportunities for artists to connect with buyers and build their own brands.
Finally, NFTs give artists the freedom to experiment with new forms of digital art and create unique, one-of-a-kind works that can be sold as NFTs. This creative freedom can lead to innovative and groundbreaking new works of art.
Creating NFT art can be a lucrative and exciting way for artists to explore new creative horizons and connect with a global community of art enthusiasts as NFT arts have become increasingly relevant in the digital age, providing a new way for artists to monetize their creations and connect with global audiences.
By turning their digital works into non-fungible tokens, artists can retain ownership and control over their art, while also verifying its authenticity and earning royalties on future sales. NFTs also offer a level of transparency and security that traditional art marketplaces may lack, creating new opportunities for both established and emerging artists.