How easy is it to create NFT art and make money by selling it?
Basically, you will have to go through
this process:
Choose A Blockchain Platform. The first question that you will need to address is which blockchain platform to use. There are currently a number of options available, including Ethereum, Solana, Cosmos, Binance Smart Chain, EOS, Tron, WAX, Tezos, and Polkadot.
Open An Account on A NFT Marketplace
Ensure that this platform supports the blockchain platform you selected in the previous step. Popular options include OpenSea, Foundation, Nifty Gateway, and SuperRare. Create And Link Supported Wallet
Open a wallet that supports the
blockchain that you selected and is compatible with the NFT marketplace you’d
like to use. Popular options include Metamask, Trust Wallet, and Oobit.
Content Creation
For example, if you had chosen the
Ethereum blockchain, you will need to purchase ETH and send it to your selected
wallet, i.e. Metamask. These are for the gas fees required to mint the NFT. You
can purchase a wide range of cryptocurrencies through your Oobit account for
added convenience.
Artists who have entered this market
must be aware of the drawbacks. However, I believe it has no or only a minor
impact on the benefits people obtain. I'm in the same boat. For example, when I
produce some gaming moments and transform them into NFTs with Hubber, despite
the drawbacks, I see my gaming talents exposed and saved, people can embrace
it, I will have my own collection and earn from it, even with Hubcoin, the
native token of Hubber. Such a fantastic opportunity will make me forget about
all of the other disadvantages
Sometimes It’s extremely hard.
As with any other business, it requires work and intelligence. Merely listing NFTs without having a prior audience or online presence and expecting these to sell is short-sighted. To realistically make money selling NFT art, one must do the following:
1. Create an original and unique
piece of art (easy) that people want to buy (hard)
2. Build an engaged audience
online and promote this NFT to the audience
3. Continue this process to
become profitable due to gas fees
a. With gas fees ranging from
$80–130, you have to keep this cost in mind when determining what price you
should sell your artwork at
I went through this process myself, and needless to say, it is significantly more difficult than it looks. I posted a Youtube video documenting my experiences of creating, listing, and marketing an NFT collection from start to finish here:
Why are people paying a huge amount to buy NFT art?
Bragging rights, that’s it.
As i understand it, they’re essentially
playing a weird version of Russian roulette, they’re buying those computer
generated automatized-picrew-copy paste because the speculative value, which
essentially means “This could become REALLY valuable in the future so i’ll keep
it just in case”, and then sell it to someone who’s going to do about the same.
None of them care for the artwork, the
NFT itself is just a hyperlink hosted on a server that points to the artwork,
and functions as a “i bought this as an NFT” verification, you don’t own the
art, or anything associated, you just own that “certificate”.
There’s this popular Tumblr post i’ve
came across before and i think it’s a very good example of what NFTs really are
It’s similar to the scam of people
“selling Stars” that was a thing, remember those? NFTs are exactly the same
when viewed without the business lexicon that makes it sound way more
revolutionary and complex than it really is.
NFTs, as it is now, are just modern-times “get rich fast” scams, only those who invested on it’s very beginnings are really gonna make any profit out of it, people who are joining later and later wont benefit, and it’s very likely you’re just giving money away. Only the initial benefactors and very rich people would benefit from investing on NFTs because rich people can afford the potential loss on the NFT, Jerry from the Supermarket next neighborhood can barely pay his taxes and buy food, he can’t afford NFTs, if he tries to, he’s either waging to gain some semblance of money that’s more than what he owned, or will lose his money, and even then, not anyone can just go “Oh i’ll have your NFT please”, you have to be able to buy the NFT with… ETH i believe? So if you don’t have that you’re out of luck, to get some you’ll have to invest in crypto, probably make your own NFT and get into the knowns, invest a lot and… if this is beginning to sound like a Ponzi or Pyramid scheme don’t worry, it’s exactly that but rebranded.
Rich people buy NFTs because
of the social status showoff that “Look guys, i CAN afford this new popuilar
thing!!”, that’s the entire thing driving NFTs.
Can I create an NFT from a painting I own?
Yes, you can. If its a paper art then
you can use its pic or scanned copy but if its digital art then its much better
. If you don’t have digital art then you can buy it as low as $2 here . Click
the link to see collection
Top 5 NTF market Place
How much does it cost to create an NFT?
The prices for minting an NFT range from
$1 to $500, and sometimes they can go even higher.
NFTs can be easily minted on NFT
marketplaces, such as OpenSea, Rarible, or Mintable. There are other
marketplaces as well, and each NFT creator should choose the one most
appropriate for the digital artwork that he or she is trying to mint and sell
as NFT.
It’s also important to
consider the day and the time of the day for mining your NFT. For instance, NFT
minting can be more expensive during the week, as there is more on-chain
activity. Using this logic, creating an NFT during the weekend can be cheaper,
but that needs to be checked for each specific day and moment.
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