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How to Create NFT: Sell Crypto Art?

How to Create and Sell NFT and Crypto Art?

This article will go through the easiest way to create and sell NFT art and Crypto art and sell it on platforms such as The Foundation App, SuperRare, Opensea, and many other marketplaces. 

Read: What is NFT?

If you are an NFT artist then you most probably would be very interested in the opportunity to create money from your digital art. Well NFT allows you to do just that. All you have to do is create digital art, create a digital wallet, mint and choose the right platform to do so. 
 
So, let’s guide you through the process!

How to create NFT Art?

There are no requirements for creating NFT art. Because NFT art itself is something so broad and undefined.

All you have to do is to have certain skills 

You can create NFT art with platforms such as Photoshop (classic), Unity or Blender. Some artworks are so simple that it looks like they were created in Paint. Yes, we are serious.

Where and How to Sell NFT Art?

We will try our best to explain how and where to sell your NFT art in a few simple steps.

Here’s a step-by-step on creating NFT – how to mint NFT with pictures:

  1. Register
  2. Log in with a Wallet
  3. Upload your NFT. It could be in the following formats – File types supported: JPG, PNG, GIF, SVG, MP4, WEBM, MP3, WAV, OGG, GLB, GLTF. Max size: 100 MB
  4. Add name of the NFT, Description, Links
  5. Choose a category or colleciton (different topics etc.)
  6. Enter supply – 1 or more. Each supply is unique.
  7. Choose a Blockchain Platform (Ethereum is the most popular)
  8. Choose to freeza metadata or no – freezing means that the ETF can not be edited
How to create NFT art and Sell it
How to create NFT art and Sell it
How to create NFT art and Sell it
How to create NFT art and Sell it


What is NFT minting?

The NFT minting is actually a term that stands for the process that goes on when a certain platform processes your crypto artwork and lists it for sale.

NFT minting is only possible when you connect your digital wallet to the platform and pay for transaction fees. After that you are eligible for selling your art for crypto.

What should my NFT collection have in order to sell? 

Read more: The MILLION DOLLAR NFT Collection Checklist for Artists: Traits, Rarity, Breeding, Burning etc.



Price: How much does my NFT art cost?

Most platforms allow artists to determine how they want their art to be sold and bought. There are mainly 2 approaches for selling:

  • Auction
  • Sale Price

I suggest that you put your artwork on auction and decide on your own whether to accept or not investors’ bids.

The average price for NFT artworks is about 3 ETH which in USD is over $5,000. Everything depends on the platform, but most of the time highest bids are between 0.007 ETH and 10.000 ETH.

Getting Paid When you NFT is Sold & Reselled: What’s a Royalty Percentage in NFT art?

The Royalty percentage in NFT art allows you to get paid every single time when someone resells your work. It is calculated in percentages and it all depends on you. 

A popular royalty percentage is between 10-30%.

You set the reward that you want once you’re on the NFT Marketplace of your choice, you upload your file and mint it.

NFT artists rewards

How can you earn and accept rewards by buying, selling and investing in NFTs?

 

  1. You can recieve profit once someone buys your NFT.

    If you want to have profit, you need to set a price that is higher than all the gas fees and other fees related to the NFT Marketplace, wallets set-up and so on. The gas fee changes all the time, depending on how many people are buying. The more buyers – the higher gas fee.

  2. Profit when someone re-sells your NFT
  3.  NFT Staking (same as lending)

    You can generate income by “lending” your NFT (as collateral) and recieveing rewards (interest). Rewards can be fungible tokens of the platform or new-minted NFTs. The more rare NFT you’re staking, the higher annual return you will be offered.

    This means that you’re locking it away (as collateral) and becoming a validator – meaning you help with the process of transactions, helping process blocks on the Blockchain. You do this to get a reward. Buyers believe that they will recieve this anual percent return (APR) if staking their NFT for 12 months.

    However, you need to transfer your NFT to a protocol that enables adding your NFT to a staking pool.

  4. Fractionalized NFTs: Someone can buy a fraction from your NFT

Let’s say someone is selling a CryptoKitten NFT for 1000$. A user wants to buy one, but you afford it. They can ba fraction of the NFT a become part of a “pool”. This is a 100% possible for Fractionalized NFTs.

Fractionalized NFTs are actually interchangeable (fungible) ERC-20 tokens.

What’s an NFT APR / APY for artists?

APR – annual percent return
APY – annual percent yield
APR = APY

When staking NFTs, this is the estemated value for return if you hold the NFT for an year.

How to Create and Sell NFT Art and Crypto Art?

Check Out: How to Promote NFT Art: 5 Proven Tips for Finding Collectors

NFT Platforms Taxes and Fees: How do NFT platforms make money of artists?

Whoever has the data, has it all.

Each NFT platform works with certain payment methods – certain digital banks, certain wallets that are required in order to connect to their marketplace. All of these platforms want you to choose them as a safe place to store your money. That’s why those platforms are so in right now!

They charge fees and take a portion of your sales, but that’s because they are like your “digital art brokers” and help you get recognized by investors.

So the platform gets the following fees:

  • Price for setting up an account on NFT marketplace- No price for Opensea
  • Price for setting up a NFT/crypto wallet – no price for Coinbase
  • gas fee – fee for the  transaction (for example, Ethereum’s gas fees increase when a lot of people are buying NFTs or trading ETH. One there’s a low on the market, the gas fees are lower. The price of gas determines how quickly you buy the NFT, depending on how busy the Ethereum network is. This could be up to 100-200$.
  • % of your NFT price – for Opnesea that’s 2.5%

NFT Wallets: Where is the NFT that I bought?

 

What’s NFT burning?

NFT can’t be deleted, but can be burned.

NFT burning is the process of limiting the supply of the NFTs. It means that the NFT will be no longer available.

An NFT exists only while it’s on the Blockchain. If a certain project decides to BURN the NFT they can send it to an unavailable address. That way it’s no longer available for buying or selling.

But why would you burn an NFT? Well, perhaps a company launched a collection with 100 NFT’s and sold only 60. They may want to burn 30 of the remaining NFTs and make the other 10 NFTs feel more premium, appealeing, special, last-chance NFTs.

What’s NFT breeding?

Popular rewarding system for boosting NFT sales. For example:

Let’s say you bought two Crypto Kitties NFTs in 2007. One Krypto Kittie has the trait hat, while the other one has the trait dress. You go back to your wallet and see the breeding option – allowing you to merge those two and recieve a third unique NFT. You breed them and recieve a brand new unique NFT – Krypto Kittie #3 with both traits from its mom and dad – a hat and a dress.

FAQ on Creating and Selling NFT art

(Updated 2022)

Can you sell one NFT on multiple platforms?

Can you sell one NFT on multiple platforms?

Not a good idea. Let’s say you want to sell one NFT of a photo that you took. You list your photo first, on Opensea, then, a second copy on Rariable. Even though it’s the same photo, you have different “encoded” versions of it on 2 different values. Technically, it’s not illegal, but it takes away from its uniqueness and makes it harder for you to sell it. A typical NFT buyer wants to buy a collectible.

I created my file - what's next?

How to turn a file into an NFT?

Once you created your digital file of a photo, drawing, video or whatever, you have to save it in one of the following formats: JPG, PNG, GIF, SVG, MP4, WEBM, MP3, WAV, OGG, GLB, GLTF. For Opensea, you have to make sure the file has max size: Around 100 MB. Then, upload it to the platform and congrats – now it’s an NFT.

Can you make more than 1 NFT of the same file?

Can you make more than 1 NFT of the same file?

Yes. But it makes it less unique for sellers.

What's the size for NFTs?

What’s the size for NFTs?

Most platforms don’t have limits for sizes (width and height), only for the maximum size of the file. For Opnesea it’s 100 MB. That can be an image 500×800, 3d model 500×500, video etc.

Can you make an NFT from a photo of a celebrity?

Not a good idea.

You can’t resell other people’s photos, even if they are photos of famous people. Even though celebrities are public figures, most law regulations around the world are prohibiting the use of celebrities’ photos for commercial use. That means it’s illegal to profit from their looks without their consent. So, it’s possible that they will sue you.

Notice: Egorithms is not a financial provider and is not an investment broker. We are not investment experts and we are not advising you to spend your money anywhere in particular. We just want to make sure that we provide you reliable information in order to make the right choice. Investments are always risky! 

32 thoughts on “How to Create NFT: Sell Crypto Art?

  1. Hannah says:

    Hi, if you sell NFT art does that mean you cannot sell a physical copy of that same art or even a digital copy on Etsy for instance?

    • Vivi says:

      Hello, Hannah,
      That’s a good question! As far as I know, there are no regulations against selling both a physical & virtual copy of a product.
      At this point, NFT is just an additional way to monetize your content.

      Regards,

    • Vivi says:

      Yes, but also, not a good idea. What makes your NFT art unique is the certificate that you receive by mining the NFT in a platform of your choice. If you have one NFT uploaded to both OpenSea and Foundation App, you know have “tokenized” the same NFT twice and now have 2 certificates. But would a buyer want to buy Mona Lisa, if Mona Lisa had two identical copies, no original, and was no longer unique?

  2. MoLotusVibes says:

    Once I create my art with a platform such as photoshop, what do I do next? What do I need to convert the pdf into to allow for auction?

      • eby34 says:

        Hii )))

        1. Step >I made a unique painting.
        2.step ??

        will it be NFT, when uploaded to the opensea site?

        I think the system will write encoding for nft format?

        we will just make and upload a unique work?

        how many will be made?Can we use brands and famous people?

        i want to learn so much.

        did i understand correctly? i am very new to this topic..

        What is the rule size when drawing, for example, is it 500*800? İs it little pixel?

        thank you in advance for the answer 🤩

  3. eby34 says:

    Hii )))

    1. Step >I made a unique painting.
    2.step ??

    will it be NFT, when uploaded to the opensea site?

    I think the system will write encoding for nft format?

    we will just make and upload a unique work?

    how many will be made?Can we use brands and famous people?

    i want to learn so much.

    did i understand correctly? i am very new to this topic..

    What is the rule size when drawing, for example, is it 500*800? İs it little pixel?

    thank you in advance for the answer 🤩

    • Vivi says:

      Hello!
      Yes, once you upload it to Opensea, it would be “minted” = encoded = would be an NFT.
      How many would be made? – As much as you want to
      Can we use brands and famous people? You can’t resell other people’s photos, also, even though celebrities are public figures, most law regulations around the world are prohibiting the use of celebrities’ photos for commercial use.
      NFT Size – Most platforms don’t have limits for the dimensions, only for the max size of the file. For Opnesea it’s 100 MB. That can be image 500×800, 3d model 500×500, or video.

      • eby34 says:

        Thank you very much for the reply.I’m very new to nft and very interested )) When I upload the digital picture I made to opensea, the process is complete.i will make unique image and i just need to upload it to nft platform.

        is correct?
        what about using characters? example disney or monalisa etc.?

        Well, many people made similar pixel pictures.why so similar and simple drawings? Do I misunderstand?are those pixel simple drawings, the code version of the real picture? because there are also very professional drawings.I’m sorry I asked a lot of questions, I’m very new and my English is low 🤗

        Can I combine my drawing with a real photo or object and make a collage?

        thank you so much i wish you a happy new year.

        Ebru💖

        • Vivi says:

          Yes. After uploading and paying for the minting, your NFT is now done and open for sale!
          Disney, Monalisa – those are very famous characters that are under copyright. Disney can sue you, don’t risk it!
          The style of the picture – pixels, professional drawings, or others – doesn’t matter. Most NFT artists create pixels because they are easier to do, and the file is smaller.
          My suggestion is to follow your own unique style, don’t copy others, do whatever you love!

          Thank you for visiting our website, Ebru! Good luck!

    • Vivi says:

      1. You can create art with any software. Photoshop, Canva.com, Paint if you want. You need to mint the picture so that it becomes an NFT.
      2. 2.5% on Opensea

  4. Dennis says:

    If I want to sell 5 copies of my NFT. Is there a minting charge for each copy, or do I pay one fee to mint and mount all 5? Do you pay transactions fees upfront or when the NFT is sold? I read somewhere that OpenSea is not charging to mint & mount initially, you pay when you sell your NFT, however they have a charge to initialize your wallet — have you hard of that? Thanks!

    • Vivi says:

      Hi Dennis, nice question! Yes, you pay 5 fees for 5 NFTs. Each NFT minting = gas fee. You pay upfront those “transaction” fees to upload it for sale. For each transaction, Opensea gets 2.5%. If someone is buying your NFT, they will also pay 2.5% to Opensea. You pay to set up your wallet (To initialize your account for making sell orders). If it’s your first order, you will also need to approve WETH for use (convert crypto to WETH).

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