So you've heard about Non-Fungible Tokens (NFTs), what they can do for artists' careers, and you're wondering if it's possible for you to participate. We're pleased to tell you that you can get involved and we've created a guide to help you every step of the way.
In the year of 2021 we saw many major figures enter the NFT space including celebrities like Paris Hilton, Snoop Dogg and Eminem. Even big brands like Louis Vuitton, L’Oreal, and the NBA joined the space and already have their buyers using non fungible tokens.
The reason so many different creatives have found opportunities in NFTs is because they can be applied to everything. An NFT is a unique trackable piece of digital data registered in the blockchain that can be tied to any form of media. This can range from a video, to a song, or even a film scene. The value of an NFT can be derived from its scarcity, authenticity or utility. Collectors of NFTs are able to invest in Web3 technology, tools, art and most importantly people.
For creators, joining the NFT market opens many doors to new opportunities, audiences, and partnerships that may have been inaccessible before. Direct ownership rights for collectors and investors help people interact without centralized institutions.
There are 3 common questions to consider when it comes to creating an NFT collection:
- Will NFTs work for me and my audience?
While it's natural to have doubts about whether your current audience will be interested in your art as an NFT, it's important to remember that the NFT space attracts a diverse range of individuals who appreciate both art and NFT technology. Consider what aspect of NFTs interests you the most, whether it be blockchain technology or the community behind it.
- Is making an NFT limited to digital art?
No, while you can certainly create digital art and turn it into an NFT, there are also opportunities to create NFTs that come with physical pieces or collectibles that add to the value of your NFT. Such as many artists offering to ship the original painting that's been turned into an NFT. The possibilities are very much not limited to digital art alone.
- What if I don't understand blockchain technology?
It's understandable to feel overwhelmed by the technical aspect of blockchain technology, but rest assured that it's possible for anyone to gain a solid understanding of it. There are plenty of resources available that explain the technology in a easy-to-digest manner, without any unnecessary jargon.
One of which we're about to cover.
Once you have answered these questions and decided to proceed with creating NFTs, it's important to carefully plan and strategize on how to bring your NFTs to life.
Designing exceptional NFTs with a range of unique attributes and making them all work together can be a labor-intensive task. Fortunately, there are various tools available to streamline the process and save valuable time.
We created a tool called NFT-Inator, an free NFT generator that enables you to effortlessly produce thousands of tokens and launch entire collections with minimal coding effort and all the features of a 6 figure drop.
A few of the benefits of using a tool like NFT-Inator are:
Say goodbye to tedious manual prototyping and hello to lightning-fast creation. Quickly test out different design traits and see how they work together, easily swap and manipulate layers, and create custom tokens to add to your collection with just a few clicks.
As an early project founder, time is of the essence. Our generator will help you save precious days, streamline your workflow and give you the freedom to focus on the big picture. Trust us, you won't want to go back to working without it.
Unleash the full potential of your creativity with our state-of-the-art generator tool. Create thousands of unique, one-of-a-kind artworks in mere seconds, without the hassle and frustration of manually coding algorithms.
The generator not only allows you to produce a large volume of tokens from your art, but also gives you the flexibility to go back and edit your creations at any time, making the entire process smoother, more intuitive and time-efficient. Whether you're an artist, designer, or marketer, our generator is the ultimate tool for unleashing your artistic vision and taking your work to the next level.
Teams hire multiple developers to deploy and maintain their smart contracts. With NFT-Inator you can say bye to writing code and hiring more people. You can deploy ERC-721 smart contracts yourself, with advanced features like whitelists, pre-sales, variable pricing and more all with a few clicks.
Launching a smart contract has never been easier. The added benefit to launching with NFT-Inator is you can use the contract dashboard to check analytics and manage all the settings and controls for your mint.
Minting also usually requires an extra developer to implement the minting logic on your website. With NFT-Inator you can embed a fully customisable mint button, with card payments on your WYSIWIG editor such as wordpress, webflow, or, . Copy, paste, done. Our mint button is compatible with no code website builders, and supports card payments thanks to our partners at Winter.
Sign up free for free here to take advantage of the benefits.
The next task is deciding upon the best place to sell your NFTs. There are plenty of options for you to choose from and each come with their own pros and cons (we have a blog post covering the top NFT marketplaces). Here is a list of the most popular marketplaces artists have gravitated towards. Make sure to do your research to make sure you can find the best place for your NFTs to be seen.
- Nifty Gateway
The great thing about the NFT space is that you get to choose the direction of your career. If you find that traditional art works best for you then there is a whole community out there for you. If you decide that you have found a niche photography community that you can build upon then you can dedicate yourself to being the best in that category. It is important to also put yourself in the shoes of your investors and think of what will be authentic and valuable to them. Whether this comes from the inspiration behind your art, the medium of art or any additional value you can provide. Moreover, you don't have to constrict yourself to just one thing, you can try out several types of art both digital and traditional, or by selling a PFP project and rare 1-of-1s. There are no limits.
You do not have to ditch your current medium of art to go fully into NFTs, it is in your control how far you take it. We recommend you observe and study the space and find what is right for you. Make sure that you have a presence on Twitter and Discord as that is where you will find the majority of NFT enthusiasts, artists, information and opportunities. They are the main forms of social media you will want to use to really learn about the space. We wish you the best of luck and if you decide to take the path into NFTs, don't forget about utilizing tools to make your journey easier. And if you're already working on something, NFT-Inator can help you out.