How to create NFTs and then sell them

25/05/2021
blog

The most famous NFT success story comes from the American digital artist known as Beeple in the digital realm. He somehow managed to create NFTs and sell them for a fortune.  Michael Winkelmann has published one piece per day since 2007. He used to sell prints of his art for about $100 or so. From that to $60-something millions – that’s a huge jump. 

He’s not the only one. There are a lot of big-money stories coming from the NFT digital art world. Yes, NFTs are not beyond question. We have discussed their many shortcomings but also managed to see a silver lining there.

Divisible or indivisible, replicable or non-replicable, fungible or non-fungible, besides all these “details”, the simple fact is that you can create NFTs from almost anything. The question is: “Why should you?” 

Why Should You Create NFTs?

You don’t have to create NFTs to be an artist, the same way you don’t have to be an artist to create NFTs.

To be a digital artist is to marvel – at least occasionally, with an intuitive fascination – at the untold and innumerable possibilities and ideas as you half-stumble down the road of video and image editing software and their intricate technicalities. 

Unfortunately, not only the difficult-to-enter art marketplaces are prohibitive for the young aspiring artists; it is also the sophisticated software out there. 

So, we believe that before the problem of “what do I do with my motion graphics?” stands the “how do I put my idea into practice?” question. We would like to hear more about the software you use to create animations and how much it took you to learn its many intricacies. Feel free to drop us a message or feedback! And don’t forget to check out our free Vidalgo video creation tools for easy-to-use, intuitive animations! We’d like to share some insights with you and continue building this tool into an AI-powered video editor. Creating pieces that you love, exploring and honing your skills is always a good idea, whether it is for crypto art purposes or not. 

Now, if you’re creating work consistently, have a few pieces that tell a story you’re proud of, and a few hundred dollars to spare, why not make a few NFTs? Get out of the “I’m doing client work” and get into the “I’m doing art” mood. If you’ve already done that, have a successful online presence and substantial social media following, then the next step is crypto art. 

One of the best things about NFTs is that you retain your rights to the piece you’re selling even after the transaction is made and get paid in royalties for every future deal. If you would keep posting your art on Instagram or Pinterest, people would just seek to use it and modify it at their own will. You will get their admiration and respect for your work, but unfortunately, that doesn’t pay the bills.

The NFTs digital art world could inspire motion designers to begin to think like artists. The motivation is there. So start creating your own “Everydays” series. 

Why all the hype about creating NFTs after all?

NFT is short for non-fungible token. Fungible is something that can be divided into interchangeable subunits. Money is fungible. You can change a $20 bill into two $10 bills, and they’ll have the same value as the 20 dollar bill. Non-fungible is something unique, something that cannot be divided into equal parts. NFTs are uncommon goods that can be sold or purchased like any other good; only they don’t have a physical form. NFTs have been part of the gaming world for some time. You could buy an NFT Counter-Strike gun skin, for example. So, part of the hype is due to NFT’s original, unique character. However, the NFTs have been lurking into the cryptocurrency underground world for some years. Only just recently did the digital art creators realise their monetisation potential, and NFTs became mainstream.

The NFT digital art marketplace’s estimated value has reached the $1 billion milestone, and it is booming as we speak. International pop stars like Kings of Leon and famous brands like Gucci have started to take an interest in it; even the sports industry is looking into it. 

If you want, you can read more on the latest events from the NFT digital art marketplace here.

One thing is clear, the NFTs are opening a new door to making real money from virtual goods, while the real and digital realm boundaries are growing thinner and thinner. So, how do you jump into this fast-moving train? 

OK, so How do You create your first NFTs

The process of turning a digital file into NFT is called minting. Originally, minting was the manufacturing procedure for stamping coins with the monarch’s effigy. Now, when you mint a file, it means you’re giving it a signature that attests to its unicity and authenticity. 

The whole operation is happening on the blockchain, where all the information is stored:  whose work is, who has the rights to it, what transactions have been made with it. As you may probably know, the blockchain is a vast network of computers processing, validating and encrypting all the information with little to no human intervention. This makes it really difficult to counterfeit or steal artworks. This is why the blockchain is deemed by most as the safest place in the digital world. 

The NFTs are processed through the Ethereum blockchain, and all the transactions are made using the Ether cryptocurrency. 

It is not difficult to create an NFT. First, you will need a crypto wallet. Then, you’ll need to fill your wallet with some ETH. Then you can get on Rarible.com and mint your artwork. You can create a wallet via MetaMask or Fortmatic. You can buy ETH on sites like Coinbase, where you can exchange USD for cryptocurrencies. Then you transfer the ETH to your crypto wallet. You need it so you can attach it to the NFT crypto art marketplace, pay the gas fees for minting or get paid for successfully selling an artwork. There are several NFT marketplaces out there where you can sell your motion graphics. Some of them are easy to join, like Rarible, or Async.net. Others are tricky. SuperRare, Nifty or KnowOrigin have strong communities, and the signing up process might prove a bit laborious. There are other platforms like OpenSea where you can create NFTs without being accepted on the marketplace. 

To create a NFT is not free, though. The minting process needs a gas fee. This is why you need to fill your crypto wallet with some ETH at the beginning. This fee is basically the cost of the hardware resources that are authenticating and tokenising your artwork, the electricity those computers are running on if you want. 

How much is the gas fee? It depends on the demand, the waiting time, the price of ETH. It can be $100; it can be $200; it can get even more than that and become prohibitive for some artists, unfortunately. 

How do you sell the NFTs? 

Well, it would be good if you had a finger on the pulse of the crypto art world, know the trends and what people are usually spending lots of money on. The famous Beeply artist used to send his buyers physical tokens for their purchases. These tokens were actually digital screens where they could display the crypto art. This way, the collector would also have physical proof of his acquisition. That’s a nice touch, but only fitting when you make millions selling crypto art.

But what do you do at the beginning? We would advise you to find a concept, a story to tell. Create a set of virtual tarot cards or a motion graphics book of some sort. Focus on story-telling. 

Find the underground traders’ circles and become part of their groups on channels like Discord or Telegram. The “classical” social media like Facebook or Instagram feature channels are already filled with spam, and it’s difficult to filter the value already. 

It’s essential to get inside the traders’ circle, meet people that could appreciate your art. Unfortunately, the NFTs are now suffering from their own fame and hype. The marketplaces are also full of spam, and artworks are minted by the minute. So, the faster you enter, the better.

It’s important to become part of a community of artists where you discuss NFTs, cryptocurrency, art, tools, and maybe even future collaborations. The crypto art movement opens the door for new opportunities for artists, but the way we see it, we need to build communities first. 

As for the technicalities of selling NFTs art, here x simplified steps: 

  1. Set a description for your artwork, add tags
  2. Set a minimum bid price (if you want people to bid on your piece), or a Buy It Now price 
  3. Optional – you can set a time limit for how long your motion graphics should be up for sale
  4. Decide if you sell a single “original copy” or more editions of the same item. The more editions you’ll sell, the less valuable they’ll be
  5. You tokenise your artwork and make your first drop; this is what it’s called when you put a piece of crypto art up for sale
  6. Once one of your works gets sold, you will get paid in ETH that will be deposited in your crypto wallet
  7. You can then go to any currency trading platform and convert the ETH to USD or any other currency; here is your gamble, you can keep the ETH or convert them immediately, as you see fit. Much like Bitcoin, ETH has a volatile price that fluctuates minute by minute

Selling NFTs is not a get-rich-quick scheme. You might sell your motion graphics for a few dollars at first, and you still need to have a good presence online, gain some visibility and become part of digital artists’ communities. 

You can analyse the aesthetics of the most popular crypto art that is being sold at the moment, but we think, as an artist, you should be true to yourself and create the things that you want to. 

So, before you create NFTs, get to know other crypto artists, become part of digital artist’ groups, share ideas, facts, trends, news, and feedback. This is what we aim to build with Vidalgo as well: a community of motion graphics artists looking to the future.

How to create NFTs and then sell them

American digital artist Beeple managed to create NFTs and sell them for a fortune. He is the most successful digital artist now, and there’s no way we can start talking about NFTs without mentioning him. Michael Winkelmann has published one piece per day since 2007. He used to sell prints of his art for about $100 or so. From that to selling a collection of his artworks for $60-something millions – that’s a huge jump. 

Many big-money stories are coming from this crypto art world, and we have already discussed the pros and cons of NFTs in a previous article.

Now it’s time to get down to the actual business of creating NFTs. If you want to jump right to that, scroll down below for our in-depth, step-by-step guide on how to create NFTs and sell them.

If you’re still unsure about this, let’s focus a bit more on the NFT hype.  

Why Should You Create NFTs? 

The NFT digital art marketplace’s estimated value has reached the $1 billion milestone, and it is booming as we speak. International pop stars like Kings of Leon and famous brands like Gucci have started to take an interest in it; even the sports industry is looking into it. 

One of the best things about NFTs is that you retain your rights to the piece you’re selling even after the transaction is made and get paid in royalties for every future dealing.

The NFTs digital art world could inspire motion designers to begin to think like artists.

To be a digital artist is to marvel – at least occasionally, with an intuitive fascination – at the untold and innumerable possibilities and ideas as you half-stumble down the road of video and image editing software and their intricate technicalities. 

Unfortunately, not only the difficult-to-enter art marketplaces are prohibitive for the young aspiring artists; it is also the sophisticated software out there. 

We would like to hear more about the software you use to create custom animations, for instance. How much did it take you to learn its many intricacies? Feel free to drop us a message or feedback.

Also, check out the Vidalgo animation we’re building here. It is designed for the ease of use and to help you customise amazing NFTs. But more on that later.

How To Create NFTS Step by Step

NFTs provide a digital certificate of authenticity. All the classic works of art or antiques often sold at Christie’s or other art galleries auctions come with a receipt certifying their authenticity.

NFTs do the same, only for digital items, whether they are gifs, jpegs, mp3s, mp4s or any other file format. This technology enables a specific type of ownership that wasn’t previously possible.  

The whole operation is happening on the blockchain, where all the information is stored:  whose work it is, who has the rights to it, what transactions have been made with it.

As you may probably know, the blockchain is a vast network of computers processing, validating and encrypting all the information with little to no human intervention.

Now that we know pretty much the basics of NFTs, let’s go step by step through the process of creating and listing your first NFT for sale!

Step 1 – Set up a new crypto wallet

This is where you’ll store the Ethereum cryptocurrency. The NFTs are processed through the Ethereum blockchain, and all the transactions are made using the Ether cryptocurrency. 

There are probably hundreds of crypto wallets out there, and several of them work on the most important NFT marketplaces. If you don’t know where to start, here’s a quick shortlist:

Coinbase – Great choice if you’re just starting out. It is simple to use and intuitive. Just download the app, and you’ll know what to do.

  • ·         MetaMask
  • Much like Coinbase, it is easy-to-use, it works with most NFT marketplaces like Foundation or Superfarm, and you can either download the app or use it in the browser. You can also use it to buy crypto.
  • ·         Rainbow

It is meant chiefly for Ethereum. You couldn’t store Bitcoin or other types of crypto on it. It works perfectly with NFTs, and buying ETH is super easy in the app, as you can use Apple Pay for iOS.

There are a lot more you can choose from. For the beginning, go with the one that seems most easy-to-use to you and has the best design. Just make sure it allows you to link it to the NFT marketplaces.

Step 2 – Buying Ethereum cryptocurrency

Once you’ve downloaded one of these apps and created a wallet, you will need to add some cash. Most of these apps will directly convert dollars into ETH. You just choose the sum of money. The setting-up process is pretty intuitive.

For minting your first NFT, you will need around $100-$200. It sounds like a lot, and it is. Unfortunately, creating an NFT is not free. The minting process requires a gas fee. This fee is the cost of the hardware resources that authenticate and tokenise your artwork, the electricity those computers are running on.

The gas fees fluctuate depending on the demand, the waiting time, and ETH’s price.

Minting is the process of turning your digital file into an NFT. Originally, minting was the manufacturing procedure for stamping coins with the monarch’s effigy. Now, when you mint a file, it means you’re giving it a signature that attests to its unicity and authenticity. 

Step 3 – Connect your crypto wallet to the NFT marketplace

Now that your crypto wallet is all set up, let’s see how we can link it to an NFT marketplace.

There are several NFT marketplaces out there. Some of them require invitations. SuperRare, Nifty or KnowOrigin have strong communities, and the signing up process might prove a bit laborious.

But there are also free-to-join NFT marketplaces, like Rarible.com or OpenSea. Rarible is one of the most accessible at the moment, so we’ll focus this step-by-step guide on that specific marketplace, but we will also leave a list of other NFT platforms you can try.

  1. Head over to rarible.com
  2. Click on the “connect wallet” button from the homepage, and it will take you to the screen where you have to choose between a couple of wallet connection providers
  3. Depending on the wallet you’ve chosen, you need to figure out what type of connection to choose here (Eg. For Rainbow wallet, it is best to select Wallet Connect)
  4. Once you’ve clicked on one, you’ll get a QR Code to scan with your wallet app. Do that, and you’ll immediately connect to your Rarible account. Plain simple!

Other 3 NFT Marketplaces to consider for a start:

  • OpenSea – you can sell items for a fixed price, make an auction or a declining price listing.
  • Foundation – it is laser-focused on digital art. Artists that sell their artworks here will receive 10% royalties on every future sale of their original work.
  • NiftyGateway aka Nifties It is one of the most famous NFT platforms out there. However, you need to apply and get approved to create and sell on the platform.

Step 4 – Listing your piece and creating the NFT

Now that you’re logged into your Rarible account, it’s time to start creating our first NFT.

So, let’s say you need to do a few more edits to an animation or LottieFile that you’ve been working on a lot. You can go to the Vidalgo animation editor, a pretty intuitive tool, where you can add or modify gradient layers, text or background colours on your animation to make it ready for turning it into an NFT.

Once it’s ready, you click “export” in Vidalgo, and you save it on your hard drive. Now, let’s get back to Rarible, where, once you’re logged in into your account, you’ll have a “Create” button at the top of the page. So:

1.    Press “Create”

2.    Single or Multiple?

“Single” means the animation you’re about to upload is the only version that will be on the blockchain and that can be traded.

“Multiple” is for when you want to make a few more copies of it, like 1 of 3 or 1 of 100.

We advise you choose “single”, at least at the beginning. It will make the animation rare and authentic, and you’ll be able to sell it for more. Later on, when you have dozens of NFTs, you can think about multiple editions.

3.    You’ll arrive at a screen that’s very similar to most video-uploading platforms:

-You’ll have a button to upload your NFT file

-Then you can choose if you want to put it on sale right away or keep it as an NFT in your wallet

-You can set a “buy now price”, aka “instant sale price”. If you don’t select that, it will just turn into an auction where people make bids, and you can choose to accept them or not

-“Unlock once purchased” option is where you can set some extra special extras for people who purchase your artwork. It could be a high res version of the animation or something more, like a background story on how IT was made

-Fill in the name and description

-You can set a royalty amount

4.    Once you’re all set, you can click “create”, and the platform will request approval from your wallet to complete the transaction.

It will then upload the file and all the details you’ve set and mint the token. Then you’ll have to sign the final sell order, and there it is. You’ve got your first NFT.

Once your NFT has been minted, you can view it on Rarible; you can check the transaction history, bidders and how the auction is going on.

How do you sell the NFTs? 

Well, it would be good if you had a finger on the pulse of the crypto art world, knew the trends and what people spend lots of money on. 

But what do you do if you don’t have any previous crypto experience? Do you just upload a digital item there and sell it immediately?

We would advise you first to find a concept, a story to tell. Create a set of virtual tarot cards or a motion graphics book of some sort. Focus on story-telling. 

Secondly, find some traders’ circles and become part of their groups. The “classical” social media like Facebook or Instagram feature channels are already filled with spam, and it’s difficult to filter the value already. So, go on Discord or Telegram instead.

Unfortunately, the NFTs are now suffering from their own fame and hype. The marketplaces are also full of spam, and artworks are minted by the minute.

So, it’s essential to become part of a community of artists where you discuss NFTs, cryptocurrency, art, tools, and maybe even future collaborations. The crypto art movement opens the door for new opportunities for artists, but the way we see it, we need to build communities first. 

So, before you create NFTs, get to know other crypto artists, become part of digital artist’ groups, share ideas, facts, trends, news, and feedback. This is what we aim to build with Vidalgo as well, a community of motion graphics artists looking to the future.

Stay tuned for more!

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