NFT changed the view of art in recent times. It is no exaggeration to say that non-fungible tokens opened a new avenue for artists to monetize their work. While NFTs aided art and artists in gaining much-needed recognition, art also facilitated NFT growth. In fact, most of the highest-selling NFTs to date are digital artworks.
Today, we can see a large number of artists going for digital art and trying to monetize their art pieces by tokenizing their work. However, despite the surging number of creators, some artists lack the knowledge to convert their artwork into NFT. If you are one of them, this article is for you.
How to convert art into NFT?
Converting art into a non-fungible token is not as tricky or expensive as most people perceive it to be. One needs good creative skills and a personal computer to get going. You can follow the below steps to create art and turn it into a non-fungible token easily:
- Select the artwork:
The first step in converting artwork into a non-fungible token is to choose an appropriate work. Before selecting, remember that you can convert paintings, music, video clips, sports moments, or any other digital entity into a non-fungible token. So, if you want to transform a song or video, you can select that.
- Choose a blockchain:
Choosing a blockchain platform to host your non-fungible tokens is essential in converting your work into NFTs. One may observe that numerous platforms are available today. So, you have lots of options at your disposal.
Always remember that each platform possesses its own wallet, non-fungible token standard, and marketplace. This means that a token created on a specific site can be purchased and sold on that site alone. Thus, thinking and picking a platform that suits your interests is crucial.
Here are some platforms that you can look up – Ethereum, Max, Tezos, Cosmos, Binance Smart Chain, etc.,
- Buy a small amount of Ethereum:
Once you select a platform, the next step is to buy some Ethereum to proceed further. This is because the marketplace charges specific fees to transform the art into a non-fungible token. However, remember that Ethereum’s cost often varies, so check before purchasing.
- Connect the wallet to the non-fungible token marketplace:
After buying Ethereum, you’ll have to add it to the wallet and connect the wallet to the selected platform. You can choose Coinbase, MetaMask, or other wallets that are compatible with the venue you have chosen. Find out the best crypto wallet in the market.
- Make an NFT account:
Once you connect the wallet to the platform, register as an artist on the platform to transform your work. To change, click on the “create” button, which compels you to connect your wallet. Furthermore, you’ll have to add a virtual signature for security purposes.
After accomplishing these tasks, you’ll be permitted to add (upload) your virtual artwork along with a description and name. Once your upload is done, you can add the banner to complete your account.
- Create NFT:
When you create your account, the next step is converting your art. You can start converting your digital artwork with the help of Add New Item button. This button assists you in uploading the art that you want to transform into a non-fungible token. After uploading the file, click on “Create.”
- Mint an NFT:
The non-fungible token platform usually has an automated minting process on the site for the benefit of the users. It largely remains the same for all blockchains, with slight variations here and there. Although it’s hard to estimate how long the minting of a non-fungible token can take, most platforms, tools, and apps have streamlined the process to make it user-friendly.
Once the process is completed, the artwork transforms into a non-fungible token. You will also have to pay a minting fee to transform your art into a non-fungible token.
- Sell the NFT:
After creating a non-fungible token, you can sell it by clicking the “Sell” button. Next, a pricing page will appear, where you can specify the terms of the sale. You can even hold an auction or sell the NFT for a set amount.
Non-fungible tokens help artists commercialize their artwork. Now, they are no longer required to sell their work through galleries or auction houses.
Rather, the creator has an avenue to sell their work as a non-fungible token to the customers directly. Additionally, they can also fix a royalty fee to earn a portion of the sales as and when their work gets resold. So, one can say that a non-fungible token is a boon to artists and the digital art universe.
- Can I convert my painting into NFT?
Yes, you can convert a painting into an NFT. Minting is the process of transforming artwork or any virtual asset into a non-fungible token. You can select any digital art to transform it into NFT. Apart from painting, you can also convert music, video clips, etc. Once you mint an artwork, it becomes secure and tamper-proof.
- Can any picture be a non-fungible token?
Yes, any picture can be turned into an NFT. However, converting a photo into NFT doesn’t automatically give you intellectual property rights. You need to be the owner of the image to sell artwork as NFT on any marketplace. Without proper authenticity, it would not be considered an NFT.
Whether you wish to learn about NFT, Blockchain, Web3.0, Metaverse, or other emerging technologies, we have the vital resources that will enlighten and help you make an informed decision.
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