Forward-looking brands are now using NFTs as part of their marketing strategies and the results are impressive.
March 2021, Charmin, The American toilet paper brand has published several toilet paper NFTs in Rarible, an NFT marketplace. View Highest Bid Over 2000 dollars One of the arts in the same month.
taco bell, The fast food chain, also sold out its entire Transformative Taco NFT collection at Rarible within half an hour.
With other big brands like Asics, Adidas, Team GB, Coca-Cola, Nike After diving into the NFT space, knowing how to make an NFT has become a necessity rather than a great thing for modern businesses.
The most popular NFTs in 2021
NFTs are not new. The first ever NFT, Quantum, was created in 2014. The NFT trend picked up in 2021, with Quantum finally sold out. $1.4 million in June 2021.
NFT’s biggest sale to date was in December 2021, with famed artist Buck grossing $91.8 million on his artwork, “Merge.”
Pebble, another well-known artist, also made headlines in March 2021 after he netted $69 million at Christie’s auction for his collection of 5,000 digital images.
boredom monkey yacht clubAnd sand, And Kryptoponics Topped the list of the most Popularity of NFTs According to sales volume in the first week of December 2021.
What is NFT and why are you spending millions on NFT?
NFT is short for Non-Fungible Token, which means that NFT is unique and not interchangeable with other tokens, unlike other cryptocurrencies.
NFTs are digital assets that you can sell on the blockchain. Popular NFT assets include photos, music, audio, videos, and collectibles.
Buyers use cryptography backed on the blockchain to purchase NFTs. For example, on the Ethereum blockchain, buyers can use Ethereum tokens to make a purchase.
Some NFT buyers are motivated to spend millions to enjoy the prestige of owning original businesses created by the people and brands they love. Others keep items they think will be more valuable in the future.
Why should you learn how NFT works?
NFTs can protect your business from business losses like the notorious $31 Million Coupon Scam. These tokens contain unique identification codes, which makes them resistant to fraud. Brands are now switching to NFT loyalty, promotional and discount cards instead of traditional cards.
You can also create NFTs and use the proceeds to:
- Raising money for charity
- Create brand awareness and increase customer engagement
- Securing financing for expansion instead of taking out an expensive bank loan
How to make NFT art
You do not need extensive knowledge of cryptocurrencies. Here’s how to create NFT art:
1. Decide what you want to create and your business goal
If you don’t know where to start, you can start by creating an NFT loyalty card or even a promo code for your customers. You can also borrow a few NFT Art Ideas for inspiration.
Focus on delivering real benefits to your audience. A good example of this is giving those who own the rights to the NFT access to an exclusive club or premium service.
If you can’t make your own art, Hiring a freelance translator To create a piece of art for you.
2. Choose a blockchain for your NFT
The most popular Blockchain for NFTs is Ethereum. Other popular blockchains holding NFTs are Binance Smart Chain, Tron, Tezos, Polkadot, EOS, Litecoin, and Cosmos.
Some factors to consider before choosing a blockchain are:
- Transaction fees on the blockchain
- The types of cryptocurrencies your audience owns since they are the target buyers
3. Sign up for a cryptocurrency wallet
Each blockchain comes with a different NFT standard for the NFT token which defines which wallet will be compatible. The standard for Ethereum NFT token is ETH-721, while Binance Smart Chain’s is BEP-721.
With ETH-721, you can subscribe to several wallets, including Coinbase, MetaMask, and Trust Wallets. For Binance Smart Chain, you can use wallets like MetaMask and Binance Chain Wallet.
4. Top up your crypto wallet
When creating an NFT, you may have to pay a transaction fee, otherwise known as “gas” on the Ethereum blockchain. Load your wallet with supported cryptocurrencies to cover these fees.
If you use a Coinbase wallet, you can buy cryptocurrency from Coinbase. Otherwise, buy cryptocurrencies on exchange platforms such as Binance.US, Kraken, and Gemini.
On OpenSea, one of the largest NFT marketplaces, you will pay a one-time registration and approval fee. The platform does not charge you a fee to create an NFT set and list it for sale.
Transaction costs will depend on your NFT blockchain. The fees charged on the Ethereum blockchain are usually high due to the number of people making transactions. Deal during the weekends or opt for a less crowded blockchain like Polkadot to save on gas.
5. Choose a suitable market for NFT
yThere are many marketplaces where you can upload your own art and create an NFT.
dottedFor example, Xeno Market supports NFT hub.
Tezos It operates in different markets, including Rarible, Bazaar market, and OneOf.
Ethereum NFT markets include OpenSea, Mintable, and Rarible.
- Connect your wallet to your NFT Marketplace and upload your art
using OpenSea Market As an example, here’s how to create NFT art:
visit OpenSea website And click on the “Profile” icon as shown below:
Choose your wallet and connect it
After clicking on the profile icon, you will receive a prompt to connect your wallet as shown in the image below:
Choose your wallet from the list and connect it.
Log in and customize your profile
Once you connect your wallet, your default name “Unnamed” will appear on the left of your screen along with your wallet address below as shown below:
Click “Login” on your right to update your profile by editing your username, email, photo and bio.
Once signed In, it’s time to add your NFT to the market. Click the Create button to add a new group.
Upload a file, name it and add a description
Once you click Create, you will get to a page where you can upload a file, name it, and add a description. OpenSea requires you to upload files shape specific NFTs.
source: OpenSea supportR
You can control different aspects of the NFT, such as how many copies you can mint, your preferred blockchain, and whether you want to sell at a fixed price or go at an auction.
After customizing your NFT, click Create, and your NFT will launch.
source: OpenSea supportR
You are then ready to start the process Sell your NFT!
NFTs are the future of small businesses seeking growth
Creating NFT art opens your business to opportunities for growth.
You can make unlimited money with your art NFT . royalties And raise money for causes important to your business.
NFTs also protect your organization from monetary losses through methods such as counterfeit coupons.
The world of NFTs is limited to your creativity only.
Follow the above steps on how to create an NFT and start making NFTs today!