How to Make and Sell NFT Art – A Complete Guide for Beginners

These days, it’s hard not to hear about NFTs, because the Internet is full of stories about suddenly rich artists who created their own tokens. These stories seem so unreal that they are hard to believe for someone who is not versed in the subject. In our step by step guide we will try to explain how to create and sell NFTs and try to explain what the value is.

What is NFT art?

Deciphering the abbreviation for the untrained person does not provide clarity. NFT is a non-fungible token. It is a unique set of encrypted data, which is a reference to a digital object. It is a common belief that the NFT contains the digital object itself (eg an image), but this is not true.

To help you understand how to create an NFT and sell it, let’s consider a real-world analogy.

Suppose you have an object, such as an image. You take it and bring it to a certain company. Here you leave your painting in the warehouse and receive a piece of paper with the company’s stamp and the inscription: “The owner of this certificate is the owner of the object located in place 47 in stand 11 in warehouse G”. This paper is NFT. Now you can loudly announce that you are selling a Rembrandt painting and put this certificate up for sale for a few million dollars. The buyer is given a piece of paper stating that he is the owner of a specific item located in a specific location.

Why is this necessary? To verify the authenticity of the object. What is the value of a Rembrandt painting? In its authenticity, not at all in the subject or the quality of the image. But even with a real Rembrandt, you can’t always tell the difference between an expensive original and a penny copy. Expertise is required to confirm authenticity.

NFTs are used for many purposes, including security. For more information on the topic of NFT loans, with which you can begin your journey to digital tokens, visit Drops.

But not everything is perfect.

• NFT does not guarantee that its creator is the real owner of the object. Going back to the analogy above: the company issuing the certificate takes your word for it. The painting may well have been stolen. Or it may not be an original Rembrandt, but a fake. It is not uncommon for a type of NFT to be produced by people who have nothing to do with the actual authorship of an object.
• Even if an NFT is created by an author, there is no guarantee that the buyer will be the sole owner of the object. The actual author of a digital work can “nail” an unlimited number of tokens and sell them.
• Owning an NFT for an object does not prevent others from obtaining a complete copy of that object. On the contrary – the objects can be downloaded for free.
• Your ownership does not establish any legal rights to the object. No copyright is alienated.
• NFT has value within the framework of the website where it is published. Back to the real world again. What happens if there is a fire in the company’s warehouse? It is clear that the reference will not be worth more than a piece of paper. The same will happen if the website that issued the NFT closes.

Who buys NFTs and why?

More often than not, NFTs are bought as an investment or used to make a quick profit. Most buyers are not digital art collectors, but rather warehouse keepers. Their goal is to buy low and sell high. What is behind the NFT entry does not matter. Hundreds of thousands of dollars can buy an elaborate piece of digital art or a crude 32×32 pixel pictogram.

By buying NFT, people buy an embodiment of fame. Some are satisfied with this, and some are waiting for it to become even better known and for it to be possible to sell it on at a profit. Now back to how to make and sell NFT art.

What do I need to create and sell NFTs?

Here is a simple algorithm:

1. Starting a cryptocurrency wallet. Most NFT marketplaces work with cryptocurrencies. Let’s look at the most popular. To sell tokens on OpenSea, you need a wallet for one of the two blockchain networks: Ethereum or Polygon. Also, OpenSea’s account is linked to the wallet, and you can log into the NFT platform through the wallet plugin in your browser. Which currency should you choose if you don’t have a wallet yet? With Polygon you don’t have to pay “gas” and you can sell your digital goods without any initial investment.
2. Create a collection. Now you can go back to the first page of OpenSea and connect to the newly created wallet. You can create your first token here immediately, but experience shows that NFTs sell much better in collections. So it makes sense to create a collection first, even if there is nothing to fill it with yet.
3. Create a token and put it up for sale. Now you can add to your collection and put it up for sale.

Next, you should put your collection up for auction. Now that we have explained how to make and sell an NFT step by step, we wish you only success in this field.