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NFT Development: 7 Unfailing Steps When Creating Your NFT Art
Updated: May 10
NFT development is a trendy topic, and many people want to know how to create their art pieces. Artists like Beeple have earned massive sums of money from their collections. You can also benefit from this sector by creating NFT art to sell. However, before you create NFT art, you must equip yourself with information. Here, we dive deep into the steps to follow when you’re ready to create your own NFT art.
Why is NFT development vital?
NFT development is critical because the non-fungible tokens have specific attributes that make them famous. So, before learning How to create NFT art, it's vital to know the qualities of these tokens.
Authenticity: NFTs represent tangible properties in the actual world. So, they must be authentic and unique. Because NFTs exist in a decentralized environment, accessing their details is simple. You can also access the audit trails to understand the ownership history of a specific NFT.
Uniqueness: an NFT is one-of-a-kind, meaning that the token is unique. The non-fungibility element lends credence to the attribute of uniqueness. Most NFTs are pricey because of their identity.
Digital storage app: Non-fungible assets are connected to specific accounts in the blockchain ecosystem. You create NFT art in the blockchain world. This means that the collections are immutable and decentralized. Furthermore, NFTs are unrivaled in transparency, and buyers can easily trust them.
Security: NFTs exist in the blockchain environment that offers a high level of protection. When you create an NFT art, you can add more security layers to your products.
Ownership: The ownership aspect is one of the primary features of an NFT. Buyers understand that there’s only a single owner and that NFTs are impossible to subdivide. Whenever you create an NFT art, you have control over the secret keys to your account. Also, creators can transfer their NFTs to the account of people who buy the tokens. So, the ownership rights go to the buyer.
How to Create NFT Art: Primary Steps to Follow
Now that you know the benefits of NFT development, the next step is to learn how and where to create NFT art. Non-fungible tokens are developed on NFT marketplaces, allowing you to mint and introduce your artworks on a decentralized ledger. Wish to create your own NFT art? If yes, here are the steps to follow:
Understand what you want to develop
Usually, non-fungible tokens are attached to virtual artistic work. This can be in pictures, music, or video clip format. The objective is to develop a rare product of great value. The amount of uniqueness of your NFT determines its value. Furthermore, you should ensure that you possess the virtual media you're tokenizing. Remember, developing an NFT from other people’s media has legal consequences.
Determine the content and availability of your digital art
Once you've chosen the format, you should determine the content to include in your NFTs. It would be beneficial if you found out what your audience likes. Also, artists should create a limited number of collections to boost the rarity of the NFTs.
Choose the blockchain where to create NFT Art
Multiple blockchains exist where you can keep your non-fungible tokens. The decentralized ledger keeps a durable record of your tokens. Here are some choices available in the market:
Ethereum: this is a famous distributed ledger that hosts multiple NFTS. Artists using Ethereum use the ERC-721 standard to make their collections. A downside of Ethereum is that it uses a proof-of-work (PoW) agreement mechanism that gobbles up much energy.
Solana: The Solana network is designed to overcome the issues many blockchains faces, such as congestion and high transaction fees. The network uses Proof of History (PoH), and Proof of Stake (PoS) agreement approaches. These consensus mechanisms complete transactions promptly and reduce fees.
Flow: Like Solana, the Flow network also uses PoS consensus, making it a faster and more affordable blockchain. It’s suitable for NFTs and dApps.
Pick an NFT marketplace to create NFT Art
Many marketplaces exist for creating NFT art to sell. These websites allow creators to mint and trade their digital collections. Some platforms allow artists to create NFT art free through the lazy minting option.
Also, marketplaces have various features that facilitate the minting, listing, and selling of NFTs. So, you need to choose one that meets your needs. Some popular NFT platforms include OpenSea, Rarible, and SuperRare.
Put up an NFT storage app
After selecting a marketplace and a distributed ledger, you should set up a virtual wallet that supports your chosen blockchain. The wallet helps in keeping your non-fungible tokens. You can develop a storage app by downloading the wallet app, inserting a username, and keeping your secret keys. Some popular wallets include MetaMask, Coinbase, and Ledger Nano X.
Create an NFT Art
After accomplishing all the preliminary steps above, you’re now ready for NFT development. If you choose OpenSea, you can create your art by connecting your wallet to the platform. You’ll see a ‘create’ option that provides various choices, including the upload section, NFT properties, and blockchain. At this point, you’ll upload your media file to the platform. After uploading it, you must name and offer a short description.
Set the price
The final step in your NFT development entails determining the price of your digital art. Here, you’ve two options: fixed or auction price. Auction rates allow the highest bidder to buy the NFT.
The NFT development process is pretty simple if you learn the steps to follow. Here, we’ve explored the primary steps to help you create an NFT. But, if you lack the time or technical knowledge, you can hire an NFT development agency to help you.