Non-Fungible Tokens (NFTs) have revolutionized the art industry, offering NFT artists new opportunities to promote and sell their work. The NFT market has seen significant fluctuations, with sales volume peaking at $26.7 billion in 2022 before declining to $11.0 billion through Q3 of 2023. Being an NFT creator requires more than just producing eye-catching artwork; it also demands an understanding of blockchain technology and the digital landscape. If you’re ready to explore the world of creating NFT art and grow as an NFT artist, this guide will help you navigate this ever-changing field.
Who is NFT Artist?
An NFT artist is a digital creator who mints their artworks as NFTs using blockchain technology. Each piece of NFT art serves as a unique digital certificate of ownership and authenticity, making it valuable.
As an NFT creator, you must not only create art but also understand the workings of the NFT economy and connect with other members of the NFT community. This holistic approach is crucial in discovering how to create NFT art that resonates with collectors.
Advantages of NFT Art
The world of NFT artwork provides advantages for both artists and investors:
No Need for Middlemen
- NFT artists can sell directly to buyers
- No dependence on art galleries or auction houses
- Greater control over their artwork and profits
Diversity for Investors
- Expanded investment portfolios
- Access to a variety of digital assets
- New opportunities within the art market
Enhanced Security
- Transparent records of creators, owners, and minting dates
- Blockchain technology safeguards against tampering and hacking
- Verification of ownership and authenticity
Is being an NFT Artist a Profitable Career?
Becoming an NFT artist can be highly profitable, although the market has seen changes. The average NFT sale price has decreased from $807 in 2021 to $115 in 2023 (through Q3). However, the number of unique NFT buyers has grown from 2.3 million in 2021 to 6.4 million in 2023 (through Q3), indicating a broadening market despite price declines.
The market offers:
- A decentralized, borderless platform
- Direct connection with a global audience of collectors
- Potential for royalties on secondary sales
- Higher profit margins without intermediaries
However, success requires:
- Persistence in a competitive market
- Strong marketing skills
- Active community engagement
- Development of a unique artistic brand
11 Steps to Become Successful NFT Artist
To become a successful NFT artist, you must have creativity, strategic planning, and involvement in the digital art community. Here’s a step-by-step guide to get you started:
1. Understand Blockchain and Cryptocurrencies
NFTs are a part of the blockchain, so you’ll have to get familiar with cryptocurrencies such as Ethereum. You don’t have to be an expert in technology to properly understand this information. Use online resources to build your knowledge – Note that as of 2023, Ethereum dominates the NFT market with an 81% share
2. Select Your Art Niche
You have to choose what kind of artwork you will create before starting the your journey to become an NFT artist. You have lot of options to choose your art niche from drawings, photography and painting, the possibilities are unlimited. If you choose anything simply because it is trendy or trending, you may not get the desired results.
3. Select the Blockchain
NFTs are stored on the blockchain, which is a distributed, decentralized public ledger. As it seems out, there are multiple blockchains to select from when looking for a network for hosting your NFTs, each with its own set of advantages and disadvantages. Among the most popular choices are:
- Ethereum
- Cardano
- Polygon
- Tezos
- Bitcoin cash
- Flow
4. Create a Crypto Wallet
A cryptocurrency wallet is required in order to make, trade, store, and exchange NFTs. As always, NFT artist has a few choices to make in this case. The majority of marketplaces advise using MetaMask, a user-friendly Chrome browser extension that is also found as a mobile app.
5. Create NFT Art
There is no correct or incorrect way for creating NFT art. It’s alright if you don’t create amazing art on your first attempt! The goal is to continue making NFT art without giving up.
Beeple comes out as the most famous example. For thirteen years, he produced an artwork every day, and at the end, he sold “Everydays: The First 5000 Days” for $69 million!
Enjoying the process instead of just participating for a short time is the goal. You may need to dedicate a significant amount of time to developing NFT art if you hope to have any success at all.
6. Select the Marketplace
NFT Artists’ choice to market their work is an important decision. This is where you will usually mint, promote, and sell NFTs, so choose carefully. You might find simpler to get in touch with potential clients at a marketplace specifically designed for your niche, like Axie for gaming stuff, depending on the kind of artwork you are selling.
If you prefer to keep things easy, you can’t go wrong with industry-leading markets like OpenSea and Rarible, which offer all types of NFT materials like art, music, films, and almost anything in between.
Check out our Top 30 NFT Marketplaces list!
7. Mint the NFT
Now is the perfect moment to mint your NFT and add your artwork to the records of blockchain history. If you have the necessary cash deposited into a suitable wallet, minting your NFTs is in fact much easier than it seems.
8. Build Social Media Community as an NFT creator
Make contact with potential customers or clients on social media. You have to announce your presence to the world and display your art to them. Create a brand, connect with your target market, and display your NFT artwork. After all, you want what you see.
In addition to the use of social media, NFT artist should create a blog, post both long- and short-form content, broadcast exciting videos live, and host Q&A sessions. Make use of all of these media to expand your profile.
9. Set Prices for Art
After creating your NFT, you can sell it to anyone on through different platforms. But first you have to set a price for your artwork . Setting the right price for your artwork is completely up to you. Try to find out what other artists in your area charge for their work, it’s a good thing to do some research. Obviously, it will be difficult for you to sell your first NFT at high price and you still haven’t built reputation.
10. Sell Your Art
Selling your art is the next and final step after creating it and advertising it. You can sell your digital art on the internet. You can trade your NFT art on platforms like OpenSea, which is simple to set up. The best platform to display the artwork of NFT Artist to audience is a website. But if you decide to open online store on blockchain platform, you will get more attention from the audience.
11. Don’t Lose Hope
The last thing to do is to remain positive. NFT art requires time and work, and it’s possible that things do not go as planned. Just don’t give up! If you work consistently, you will get results in the end. It’s your turn now; a lot of people have experienced similar things before getting succeed.
Keep in mind that marketing is important! After making a first attempt, don’t give up—keep going! Market again your items after they have been purchased in order to bring as much attention as possible to your artwork.
How to Sell NFT Art: Best Practices
Selling art as NFT requires more than just creating and minting. Here are some tips to boost your sales:
- Create a compelling story around your art
- Engage with your audience regularly
- Collaborate with other NFT creators
- Offer exclusive perks to your collectors
- Consistently produce and release new artworks
Remember, selling NFT art is as much about community building as it is about the art itself. Invest time in nurturing relationships with your collectors and fellow artists.
Conclusion
In the NFT art community, you can build a reputation regardless of your experience level. The key to success is persistence and commitment to your craft. Remember that top NFT collections like CryptoPunks and Bored Ape Yacht Club have achieved all-time sales volumes of $2.4 billion and $2.3 billion respectively, showing the potential for success in this market.
Don’t expect overnight success, even if your first attempt is well-received. Becoming a successful NFT artist requires time, effort, and continuous learning. Pour your passion into your work and let it shine through your creations. In the world of NFT art, as in any industry, this dedication is the true path to success. Are you ready to embark on your journey as an NFT creator?
FAQ – Frequently Asked Questions
To become an NFT artist, start by understanding blockchain technology and cryptocurrency basics. Then, develop your digital art skills, choose a niche, select an NFT marketplace, create a crypto wallet, and begin minting your artwork as NFTs while building a community around your creations.
An NFT artist is a digital creator who mints their artwork as non-fungible tokens on a blockchain. They combine artistic skills with technological knowledge to create unique, verifiable digital assets that can be bought, sold, and collected in the crypto art market.
To start creating NFT art, first choose your preferred digital art medium (like digital painting, 3D modeling, or pixel art) and develop your skills using appropriate software tools. Then, familiarize yourself with NFT marketplaces, set up a crypto wallet, and begin the process of minting your digital creations as NFTs on your chosen blockchain platform.