While cryptocurrency may not be what most artists focus on, it’s much easier than you think to turn your pieces digital. NFT’s are a great platform to project your works of art into the digital world (and earn some money from them). So here are some tips on building your own NFT portfolio.
- Decide what type of NFT you want to create
Whenever you decide to start creating and selling NFTs, the first step is deciding what type of NFT you want to create. There are so many different types of NFTs out there, you need to figure out what type of audience you want to market and sell to. Art is the best type of NFT, as it’s the most popular and the easiest to sell, whether its video art, short videos and GIFs have been selling like crazy.
- Create your Artwork
Once you’ve decided, it’s time to get to work. Find some inspiration and produce some amazing art, whether you want to focus on a collection of artworks or singular pieces, just make sure it reflects you and your art style.
- Choose a Marketplace
There are tons of NFT marketplaces out there in the wide web to choose where to ‘mint’ your NFT. Many have their own pros and cons for each seller and buyer so make sure to do your own research to find which platform is best for you. Some of the most popular are OpenSea, Rarible and SolSea, however, be careful as many platforms require a fee to initialise your account.
- Set up a Crypto Wallet
Once you’ve found a platform, it’s time to establish your own digital wallet, where you’ll store your cryptocurrencies and NFTs. You must make sure your crypto is compatible with the blockchain you’re planning on selling on, so it is recommended to do your research on finding a safe and secure wallet.
- Buy your own Crypto
It’s time to finally buy your own crypto. Now, I know what you’re thinking, “I want to earn crypto, not buy it!”. I know, but hear me out, you need to be able to pay for some ‘gas’ to mint your NFTs. You need to buy the coins depending on your blockchain, and then you can transfer your coins into your wallet. It’s important to do this, as ‘gassing’ ensures miners validate the transactions.
- Connect and Build Community
Connecting to your community is the most important thing when looking to market your pieces. Twitter and discord are some of the most famous platforms in the NFT world, where people advertise their own or others NFTs. Building authentic relationships is crucial to building a following for the public to want to buy your NFTs over someone else’s, so get ready to share, retweet and DM.
- Set up the Sale Process
It’s important to research price points from other sellers to know where to price your NFT. especially if you’re starting out, you don’t want to be too ambitious, too early. While the buying is important, it’s nice to remember why you started NFTs in the first place, and not to be too discouraged if they don’t sell straight away.
- Sell, Sell, Sell.
This one is self-explanatory
- You can do all that… OR, submit your art into our ‘EVOLVE’ competition. Have a go, it’s free and you have the chance to win $1000. Designed to help under-represented artists pave their way into the NFT world, submit your best artwork to be converted into an NFT project. Even if you don’t win, the judges will give detailed feedback that could be crucial to you growing your NFT profile, so you don’t want to miss out! Submit applications HERE.
(Submissions close 24th June 2022)
Article written by Claudia Floros