How to enter the NFT space as a graphic designer
You may have noticed that almost everyone has been mentioning NFTs lately. It has gained popularity in the digital sphere and caught the interest of investors, graphic designers and artists.
Worldwide interest in buying or selling NFTs is increasing, and famous images and graphics are making millions of dollars.
Now, it may be a bit difficult to understand, but you need to understand what NFTs are to understand why they are so popular. Therefore, an NFT Marketplace Development Company can help you gain more knowledge about NFTs.
What you should know about NFTs
Let’s start with the basics before discussing how graphic designers can join NFT. A non-fungible token, or NFT, is seen as a special kind of resource in the digital world. You can learn that non-fungible tokens cannot be exchanged for anything else by researching the topic. A fungible token can be exchanged for another asset, but its value is not fixed. For example, two $50 bills can be used instead of one $100 bill. This token is believed to be fungible. An NFT is a completely distinct object that you cannot exchange for the same value.
Digital art is a special asset that can be bought or sold for any amount. There have been many popular memes, tweets, paintings and animations marketed as NFTs recently. When Jack Dorsey, the CEO of Twitter, posted his first tweet for sale for millions of dollars, it attracted a lot of attention. It was sold at auction with a number of companies wanting to buy the tweet for around $2.9 million. This is just one illustration of a well-liked NFT that has attracted attention due to its high value.
Aside from that, individuals have and invest in graphic designers’ digital art since its value can increase over time. Due to the rapid rise in popularity of NFTs, more and more people are interested in learning more about the market’s new opportunities. If you think about it, you can easily construct a digital asset and sell it to potential buyers for a respectable amount of money.
How to get into NFT as a graphic designer
This raises a crucial question for us. How do graphic designers get into the NFT world? Once you understand the procedure, it can be much easier for you to advertise your job online. You should familiarize yourself with the blockchain to get a thorough understanding of how it works.
A blockchain network: what is it?
Basically, this is a system where data and special code related to NFT are stored. All digital art you produce must be listed on a blockchain network. Once considered unique, you can sell the item for any amount.
The network can also provide you with all the details of upcoming sales because you will be the actual owner. This means that you can earn a small profit on each sale as a graphic designer. Through the code readily available on the blockchain, buyers can also find the original owner.
Selling an NFT
Now anything you think is relevant can be used to create an NFT. Even an excellent logo design can be sold as one, and companies or brands can compete for it in an open marketplace. This is actually a very smart method to start using graphic design to expand into NFT.
Step 1: Determine and create a digital resource
One of your first actions while entering NFTs should be to do this. You need to find out the exact location of the market and the products or services you have to offer the intended market. It is crucial that you generate concepts and produce a distinctive resource. Consider the Bored Ape collection, which has attracted interest from sports figures and celebrities alike.
The renowned NFTs have been sold to buyers worldwide for more than $200,000. The price was quite cheap when they were first released, but as the popularity of cryptocurrencies grew, so did the value of this NFT collection.
Even with the fluctuations in the market, they now sell for thousands. The fact that each NFT is exclusive and unique is one of the main reasons why it has attracted so much attention. The display image on social networking sites can be created from the digital files. Celebrities who have bought NFTs, including Jimmy Fallon and Eminem, have used the boring gorillas on their Twitter accounts.
Finding an artwork or illustration that you can sell to clients is essential for you as a graphic designer. This can also include graphic components such as icons or forms that can be used for branding. Another option is to come up with a design that people will remember and that will make them consider a social cause or problem. You may be able to create an NFT whose value rises quickly if you can convey a strong message through the visuals or animation.
You can experiment with different styles or processes in the design industry to produce digital art that can be sold as NFT. The network can be used to list abstract images, animations, GIFs, short films or symbols.
Step 2: Educate yourself about blockchain
It is crucial for you to learn as much as you can about cryptocurrencies and blockchain to get into the NFT industry. Although Ethereum is the largest blockchain network for NFTs, there are other blockchain networks that support digital assets. You must choose your blockchain when you want to enter this. Choosing a marketplace to create and sell digital art is different from doing this.
You should find out which of these networks can support the necessary cryptocurrencies and which one is the easiest for you to manage. You may want to consider the following options:
- Throne
- Binance Smart Chain
- Tezos
Choosing a blockchain network that allows you to sell tokens in Ethereum is a fantastic idea. For example, Tron supports Ethereum, which makes it easy to complete the transaction. After choosing a suitable system, you can move on to the markets and create your cryptocurrency wallet.
Step 3: Buy cryptocurrency
Without investing in digital currency, you may find it challenging to start using NFTs. These assets are native to the Ethereum network, and other blockchains that were already indicated. Therefore, you will need cryptocurrency to produce or emboss and sell an illustration or graphic design. Cryptocurrencies are held in a virtual wallet that can be connected to an NFT market. Wallets such as MetaMask, Trust wallet, are good wallets. Since minting an NFT requires paying fees, you have to buy the cryptocurrency to pay the transaction fees afterward. You can quickly make the purchase for any amount after the wallet is set up.
Make sure you keep the data in a safe place. Before buying the digital currency, you can browse through a number of trusted networks. It is a good idea to ask graphic designers who have sold NFTs for their opinion.
Step 4: Choose the right market
This is another important element that you need to consider. It can help you connect with potential clients who may be interested in illustration, film or 3D design, as well as the graphic designer community. Marketplaces like Rarible, OpenSea and Mintable are very well liked for NFTs in the digital realm. The wallet can be connected to the network and the digital asset can be put up for sale. It is important to follow all guidelines carefully.
You should research your options thoroughly before choosing a marketplace. Some people have the choice to receive royalties, which allows designers to profit from sales in the future as well, and some marketplaces do not support NFTs or give users the choice not to pay. Examples are XY2Y and Magic Eden. Your artwork can be offered for a fixed price or put up for auction. You can use a banner image along with a description or source for the image or video to grab your audience’s attention.
Step 5: Promote your work
This is another important element that can help you enter NFT. The graphic design industry is highly competitive in today’s world. It is crucial for you to make an impression right away with an excellent portfolio. You can try any of the following:
- Start by promoting your work on blogs, websites and social media platforms.
- On a number of websites you can also post a link to your website. This way, an increasing number of people can visit your portfolio and show interest in your work. You can simply think about holding a web design contest if you want to build a website for your online portfolio.
- Connect with past or present customers and offer frequent updates.
- People can invest in what you have to offer if they consider buying NFTs. These days, many people think of them as good investments because they allow them to buy digital art that they can later sell for more money.
Why do you want to get into NFTs?
If you think about it, there are many advantages to creating an NFT and selling it online. This is what the future looks like, and in a few years the practice of buying digital assets is expected to become widespread, much like cryptocurrency.
This means that when more investors start buying NFTs, you may already have experience in the market. So this can give you an edge over others and help you develop a potent portfolio.
You can express your creativity and own all your work as a graphic designer on the NFT market. Selling prints or actual artwork at a gallery is not the same as selling as an NFT. People from all over the world can buy your work and use it on various digital platforms. If the platform or marketplace offers it, the designer may receive a royalty on each copy sold.
It is an excellent approach to get a fair pay for your efforts and make yourself noted in the field as well. There are many more opportunities for graphic designers to enter this world now that Metaverse has been established this year.
Author Bio: Suzanne Dieze is a technical content writer and preferably writing technology-based blogs and articles. I have a few published pieces under Mobile Based Applications, and Data science consists of proven techniques, future costs, and benefits.
