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How NFTs Changed Digital Art & The Life Of Artists?

Posted on by Shipra

How NFTs Changed Digital Art & The Life Of Artists?

We have collected some valuable data published by ā€œThePrintā€ news, sharing about the auction made for NFT arts. Letā€™s dig into this topic in detail by exploring the real-time experiences shared by visual engineers describing their sales in the digital art nft market!

3o yrs old, Karan Kalra, a visual engineer shared his story in public describing the pricing insights for this artwork in the NFT art gallery.

Itā€™s a sparkling sunny day, he woke up and was surprised while he checked his barrage of emails. Itā€™s an acknowledgment email, describing his artwork purchased for ā€œ600 wazirxā€. In his art, he portrayed an illustration of his dog enjoying a happy ride in a car. Once he finished his masterpiece he waited for his first big sale.

Karan further added, it happened on one fine day in 2021. He was overjoyed that this work has earned him 600 wazirx, thatā€™s around 80,000 rupees in India.

Sounds interesting, right?

NFTs can give you huge returns, beyond what you think. It could be any NFT from art, ranging from the soundtrack, image, video, GIF, or any collectibles that you think of in the real world. NFT welcomes any physical piece of work into digital guaranteeing ownership to the owner. Itā€™s unique in our world and could be replicated. Its jaw-dropping features like immutability attract the buyer on the other hand.

As a token of appreciation to the artist, much Indian art industry steps forward in integrating with modern NFT ideas. By the way, the NFTs art gallery becomes a better medium for the artists to collab with their buyers at the cheapest source. Intermediaries are permanently shut off with the arrival of NFTs.

Once a buyer is ready to purchase, the artist transfers the ownership by making a ā€œdigital signatureā€. It is recorded proof or guarantees a buyer possesses an original work from the artist. A digitally signed painting can hang on your digital wall, and even you can take complete ownership from the artist by paying them.

Read also: Generative Art NFTs: Shining a Spotlight On the Algorithmic Art Movement

In terms of collaboration, NFTs for arts created a huge revolution in the life of artists, said Kalra. Kalra added, before NFTs, it was really challenging for him to sell this artwork, and even felt he was a second-class citizen for selling his art. He needs to approach a middleman to make a sale. Now, he was delighted to make his sale without relying on a middleman.

Shreya Daffney also shared her story. She is 29, an artist and architect, who sold over 30+ artworks in the last 5 years. She said she was selling art that represented a coastal town, like udupi.

Another one, Christieā€™s sold Beepleā€™s ā€˜Everydays: The First 5000 Daysā€™ in 2021 for a stunning $69M. This art is sold for a bigger price at a major auction and it was the first ever NFT art sold at that auction.

Art Vs Artist

35 old visual artist from Kerala, named Vimal Chandran, too shared his experience while selling his nft art. For a long period of time, he was creating digital art in his workspace. On one fine day in 2021, his work was sold at an unimaginable price.

Further his new series called ā€œFolk SciFiā€, was minted on the previous day of the sale. Within the next 24 hrs, it was sold.

Constantly being a success factor, nft arts largely transformed the lives of young artists. The above examples prove it quietly.

Are Art Galleries Ready?

Digital art galleries have become one of the best alternatives to traditional galleries. Arts are portrayed digitally and placed for auction in the digital art gallery which holds a huge potential to attract visual audiences. High-walled traditional galleries are being replaced by the nft art galleries proving the evolution of our generation.

Beyond offering constant support for the artist, NFTs for arts are becoming a mainline business for youngsters by creating massive opportunities for buying and selling.

Read also: How to Turn Digital Art into NFTs?

A popular traditional art gallery named, Vadehra Art Gallery, has not yet showcased any art nft but silently insisted that they support any representation of art in nfts.

Vedehra also said nothing can replace exposure to real physical art in person.

NFT ā€” Art Or Money?

Top celebrities like Amitabh Bachchan, Yuvraj Singh, and Manish Malhotra, are inspiring youngsters by owning their own NFT. So, being a good space to showcase individual talents, tons of digital creators are flourishing in this NFT era.

Quite a few questions are raised, saying whether nfts is for art or for money.

N number of allegations are placed before, letā€™s see one of those. Curator and faculty at Ashoka University, Srinivas Aditya Mopidevi said, cryptos became mainstream but a sudden hype boomed in NFTs in 2021. Momentum passed from cryptos to ntfs creating big business opportunities. Success stories created by nfts are viral and proven. You can even step forward and make your success story by creating an NFT Marketplace For Arts. Developers at a reputed NFT Art Marketplace Development Company can offer endless development solutions to inspirational business freaks who are into nfts.

Blog Credits: Medium

A 5-Step Guide To Successful Software Development Outsourcing

Posted on by Akash Guha

A 5-Step Guide To Successful Software Development Outsourcing

Outsourcing is a well-used form of software development strategy with considerable flexibility and time-saving benefits associated with it. Startups and mid-budget companies find outsourcers suitable for numerous reasons; nowadays, big enterprises are also altering their working strategy focusing more on outsourcing activities.

As there are many beneficial factors with outsourcers, a few drawbacks remain there too. Transparency is a significant factor; off-shore development processes aren’t real-time transparent (dedicated development is an exception), so proper planning and strategizing becomes crucial.

With a proper outsourcing strategy, a company may get the advantage of putting out quality development in exchange for money spent. But, a poor outsourcing strategy can ruin project development efficiency.

Thus, all of these concerns boil down to one thing, that’s a step-by-step guide for outsourcing top software development companies in usa. This blog is composed around the developer’s outsourcing process and the necessary things to follow. Stay Tuned!

5 Guided Software Developer Outsourcing Steps

1.Ā  Clarify Your Requirements

Numerous software development outsourcers are available out there; not everyone will align with a particular project. Similarly, an outsourcing company possesses every required talent, but a project might need only an aspect of development. Before outsourcing, a company must clear every requirement, so they’ll not face any future discrepancies.

Companies must clarify their development requirements before consulting any developer. Here are some of the aspects that need clarification –

Lead – Does the company have resources to lead the project, or is it for the outsourcer’s plate?

Choice – Why not build an in-house team for software development?

Core Challenges – What are the core challenges that software development will deal with?

Clarification is only achievable with brainstorming. With software development outsourcing-related concerns, a company should follow this requirement clarification process to gain long-term understanding.

2.Ā  Tech-Stack

Technical stack is the summation of programming languages and other requirements for any development project. Software-developing programming languages like Python, Java, and C++ are suitable technical stacks for a project.

Read Also: Top 9 Software Development Methodologies For Your Business Requirements

Determining the technical stack is crucial, as it affects various aspects like cost, time, and availability. Similarly, technical stack determination is an important step for easing the developer’s job and increasing project development efficiency.

For example, if software X requires only three programming languages, the cost will be limited to those three languages. A detailed technical stack will help programmers understand the core requirement and develop aligned solutions for software X.

3.Ā  Budget

An outsourced software development team and technical stack come with associated costs. Based on previous expertise and working prowess, development companies can charge from four to six-figure prices. As developers are human, negotiation is a tricky yet convincing tool to optimize and alter development price from the developer’s side.

The majority of technical stacks are provided by B2B companies, and any negotiation skill will not be effective for gathering resources for each stack.

Like the above-written facts, development quality is also dependent on budget. Humans are emotional, and tightening of budget can scribe demotivational things to a developer’s mind. So, budgeting a software development team aligning with all the requirements is complex, but it is a must for companies to gain the utmost excellence.

4.Ā  Researching A Suitable Outsourcing Company

After determining the outsourcing model based on the pre-defined requirements and research, the company is now available to outreach to different software development companies for consultation. Outreaching processes are dependent on the company, whether they’re choosing on-shore, off-shore or nearshore outsourcing. Here are a few things to clarify during the outreach process.

Developer’s Experience – A service-providing software development team will definitely have years of experience; check out what their experience level is. The company website is the best place to look for experience details.

Case Study – Check how a company has developed software for similar or different industries with their case strides. Website and developer portfolios are popular places companies put their case studies.

Tech Stack – Different software development companies, provide different technical stack services, so aligning the company tech stack with the developer’s tech stake is crucial for a discrepancy-proof development process.

Online Reviews – Online reviewing platforms like Clutch are the best suitable options for gaining the market’s perspective about a company. Service-providing businesses make their account on Clutch, and clients independently share their opinions about services. For projects that require ongoing user support and postā€‘launch care, evaluate partners that offer IT Call Center Services for helpdesk, remote desktop support, ticketing, and multilingual CX.

Looking for all these things in a portfolio is important, as these things will, after all, choose whether to consult a company or not.

5.Ā  Consulting The Suitable Outsourcer

After choosing a suitable software development company, it’s time for an in-depth project consultation. A basic consultation begins with discussing their services, offers, and technical expertise. This is a reality check process, where a company should verify claims mentioned on the company website.

The second step is to project discussion. Planning a software development strategy discussing the requirements and time and budget discussion is usually done in this step.

If the conversation is still running, both parties sign a contract agreement, and the development process takes place.

Conclusion

Looking for suitable outsourcing is a complex process, but this 5-step guide is reliable enough for any company looking for software development outsourcing services. Of course, there’ll be more factors while applying for real. The outsourcing and consultation process will be different, not unfamiliar. Is there any other important process that needs to be in this guide? Let us know in the comment!

Author Bio

Akash Guha is a content writer with a grasp of different web content creation. He has an interest in writing website content for multiple industries like blockchain, mental health, and finance. Also, he is aimed to write simple and easy-to-understand content.Ā 

Are NFTs Shaking Up the Digital Art World?

Posted on by Shipra

 

Are NFTs Shaking Up the Digital Art World?

Thanks to Christie’s sale of Beeple’s “EVERYDAYS: THE FIRST 5000 DAYS” making international headlines and Grimes, a multi-hyphenate artist, selling $6 million worth of digital art as Non-fungible tokens (NFTs), NFTs have solidified themselves into the digital zeitgeist, capturing the hearts of many artists and collectors. For example, before the advent of NFTs, it was difficult for artists to create digital artwork that would hold value or scarcity. But because NFTs are secured on an immutable public ledger, digital assets now have a claim on ownership, history, and authenticity previously only associated with physical objects ā€“ creating a fundamental shift in the art world.Ā 

What Is NFT Art?Ā 

Non-fungible tokens (NFTs) are cryptographic tokens issued on a blockchain to represent unique digital assets such as artworks, music, or collectibles. Each NFT has a unique identifier that distinguishes them from each other. Meaning they canā€™t be altered or copied. NFT art marketplace is simply a piece of digital artwork tokenized on a blockchain network which also functions as proof of ownership and authenticity of the artwork.Ā 

Non-fungibility, A Game-Changer For Digital Artists

NFTs are not fungible because each one is a unique digital asset and canā€™t be interchangeable or replicated. For example, a bitcoin is fungible, you can trade one bitcoin for another bitcoin and get exactly the same thing. Whereas a one-of-a-kind painting like the Mona Lisa is non-fungible. Sure, you can buy a print of the Mona Lisa, but there is only one original painting of the Mona Lisa.Ā 

While the non-fungibility element of an NFT is one factor that determines the scarcity and worth of an NFT art piece, the value of an NFT can also depend on several factors: the team behind it, its use cases, community, or market supply and demand.Ā 

How Have NFTs Changed the Art World?

The usual benefits of NFTs such as proof of ownership, freedom of issuance, and immutability of records have revolutionized the way we create, collect and own art. Below, weā€™ve highlighted seven more ways NFTs have shaken up the art world.Ā 

Connect artists with a global audience

In a sense, galleries can be seen as gatekeepers of the artwork since they’re the ones who choose what artwork they will display. Compared to traditional art establishments, NFT marketplaces are much more inclusive of emerging artists and niche art concepts. This has enabled artists to thrive outside of the gallery and auction house structure.Ā 

Introduce potential ongoing revenue for artistsĀ 

Usually, once an artist sells their artwork, they donā€™t make anything from subsequent resales. NFTs have revolutionized the secondary art market, and artists can determine the number of royalties they receive with the help of a smart contract ā€“ a blockchain program that self-executes tasks whenever certain conditions are met. Artists can set up a rule within the smart contract that triggers a royalty payment whenever their NFT art changes hand the secondary market.

Eliminate the need for intermediaries

Traditionally, galleries and some online marketplaces take a percentage of sales from an artist’s revenue. With NFTs, artists can directly interact with buyers and sell their artwork on NFT marketplaces without needing agents or intermediaries.

More transparency behind transactions

An artwork’s authenticity and origin are one of the factors that influence a buyer’s decision. The ones who verify these metrics are usually auction houses or galleries, but while provenance mistakes and well-produced forgeries are fairly uncommon ā€“ they do happen.Ā 

Since an NFT is secured on a blockchain network, anyone can track its transaction and previous ownership history to verify its authenticity. Whatā€™s more, the immutable nature of blockchain ledgers significantly minimizes the risk of forgery.

Read also: How to Buy your First Art NFT

Digital art isnā€™t the only medium that can benefit from NFTs. When it comes to physical artwork, NFTs can function as a digital certificate that proves the artwork’s authenticity with some artists minting digital and physical works together as one NFT. Compared to a piece of paper, NFTs are a more secure way to record ownership, verify its origin, and mitigate risks of forgery.Ā 

Lifting entry barriers

The rise in popularity of NFTs and the accessibility of NFT marketplaces have lifted the veil of mystery covering art galleries and auction houses. Prestigious museums like the State Hermitage Museum recognize NFTs as a form of art, and NFT art galleries pop up across the world. Art has been more accessible than ever before, presenting artists with a wider reach, and connecting them with potential clients from all walks of life.Ā 

Pushing innovation in the art space

As a newly recognized art form, NFTs have pushed creative and innovative boundaries since their conception, with some notable artists toying with their potential.

In 2021, the world-renowned artist and notorious art provocateur Damien Hirst launched a conceptual take on NFT potential. “The Currency” is a collection of hand-painted dot art comprising 10,000 NFTs with 10,000 corresponding physical A4 versions. Each physical piece features a watermark and hologram, making it hard to forge.Ā 

Read also: NFT artā€”a sales mechanism or a medium?

But hereā€™s the twist: Buyers of the artwork have to choose whether they want to keep the digital or physical version of the artwork. They are given a year from when the NFTs are sent out to make a decision. If they choose to keep the NFT, the physical artwork will be destroyed and vice versa. The final decisions will be made in July 2022.Ā 

Conclusion

The NFT phenomenon has unveiled the mysterious art world and opened up new opportunities for artists and collectors. Compared to art galleries and auction houses, NFT marketplaces are much more inclusive, giving emerging artists niche ideas, and new art collectors the chance to explore art on their own terms.Ā 

While NFT technology is still considered relatively new, the current trajectory of the space suggests that NFTs will continue to open new opportunities and experiences for artists and collectors alike.Ā 

Blog Credits: Binance

NFT artā€”a sales mechanism or a medium?

Posted on by Shipra

 

NFT artā€”a sales mechanism or a medium?

The gold rush following the auctioning of digital images as NFTs (non-fungible tokens) in the spring of 2021ā€”notably, Beepleā€™s Everydays: the First 5000 Days fetching $69.3m at Christieā€™sā€”put the spotlight on digital art. For complex reasons digital art has struggled to receive due attention from the art world and market since the 1960s and is more than deserving of the increased interest. But the NFT boom and surrounding hype profoundly diluted both an understanding of what the digital art nft market is and how this art (or any art at all) is tied to NFTs.

The term ā€œNFT artā€ suggests it describes a medium like a video art or performance art, but the vast majority of so-called NFT art uses non-fungible tokens as a sales mechanism, not a medium. As non-interchangeable units of data stored on a blockchain, NFTs ultimately is nothing but digital certificates of authenticity. They reside on a blockchain, but the assets they authenticate usually do not.

The NFT boom has reduced the public image of digital art, which covers a broad range of creative expression, to individual reproducible digital images, animated gifs, or video clipsā€”the standard forms of digital collectibles and meme culture. There may be a segment of the crypto world that, through NFTs, has discovered the breadth and history of digital art and started supporting it, but that segment seems to represent only a small overlap in the Venn diagram of traditional art collectors and NFT collectors.

Since the 1960s digital art has made use of digital technologiesā€™ real-time, participatory, generative, and variable characteristics, and reflected upon their nature and impact. Pioneers of this art form are often referred to as the Algoristsā€”among them, Harold Cohen, Chuck Csuri, Herbert Franke, Manfred Mohr, Vera MolnĆ”r, Frieder Nake, Joan Truckenbrod and Roman Verostkoā€”created algorithmic drawings in which pen plotters drew the results of artist-written code on paper.

In the ensuing decades, digital art evolved into a variety of forms, from interactive installations, software art, and net art to virtual reality, augmented reality, artificial intelligence, and the small percentage of crypto or NFT art that uses the blockchain conceptually as a medium. Digital art still lacks full integration into the mainstream art world but has been supported by a growing number of collectors and art institutions. The reproducibility and editioning of digital art functions similar to that of photography or video, and the paperwork accompanying the acquisition of digital art by an institution is usually much more sophisticated than the generic NFT smart contracts.

Read also: How to get started with NFT art?

NFTs fulfill an authenticating function for a small fraction of digital artā€”digital images that ā€œliveā€ and circulate on the network. This ironically led to the now-common practice of artists and gallerists minting NFTs for stills or brief clips from more complex, often generative and interactive digital artworks that are available for lower prices than the excerpted images being offered as NFTs. Whether digital images benefit from the immutability provided by NFT authentication is yet another question. In his essay ā€œThe Work of Art in the Age of Digital Reproduction (An Evolving Thesis 1991-95)ā€, Douglas Davis makes a case for the originality of the moment when we copy and revise digital images whose power often resides in the possibility of remix and free circulation.

A more sophisticated approach

Over the past year, hanging jpegs on the blockchain has become the norm in the creation and sale of NFT art, but artists have been laying the foundation for more sophisticated approaches for almost a decade. In 2014 Kevin McCoy and Anil Dash presented a form of proto-NFTs they called ā€œmonegraphsā€ (monetized graphics) at the New Museum during Rhizomeā€™s annual ā€œ7 Ɨ 7ā€ initiative pairing seven artists with seven technologists. McCoy and Dashā€™s monegraphs were conceived to support artists and creators, relying on smart contracts that included royalties and permissions for sharing and remixing. Support for creative practice rather than speculation was the goal. In 2017 the UK arts organization Furtherfield, run by Ruth Catlow and Marc Garrett, published Artists Re: thinking the Blockchain, highlighting art that conceptually explored the potential of organizing natural and social systems through the blockchain. Artist Eve Sussman played with ownership in her work 89 seconds Atomized(2018), shattering the artist’s proof of her acclaimed video 89 seconds at AlcĆ”zar into 2,304 unique collectibles ā€œatomsā€ or tokens that can be reassembled for screening by a community of collectors. Jennifer and Kevin McCoyā€™s Public Key/Private Key (2019), commissioned by the Whitney Museum, explored tokenized donorship by giving work to the museum and, through an open call, selecting 50 people who were able to assume, trade and transfer their donor title through their NFT. NFT works such as John F. Simon Jr.ā€™s Every Icon (2021) set in motion a generative process, with the code stored on the blockchain.

The NFT gold rush has been investment-driven, with the art world following the economy rather than the other way around. To avoid the blockchain becoming digital artā€™s metaphorical ball and chain, the art world must acknowledge the art formā€™s rich history and its potential for creatively exploring the crypto space and decentralized distribution.

Blog Credits: The Art Newspaper

Step-By-Step Guide For Developing NFT Marketplace

Posted on by Akash Guha

Ā 

Step-By-Step Guide For Developing NFT Marketplace

NFTs are revolutionizing the market’s perspective towards the collectibles industry. From offering better circumstances for the creator economy to making the collectible industry more accessible, developing NFT are all set to bring revolution in all domains.

NFT collectibles are the new normal; collectible admirers are becoming NFTs collectors to generate better future value on their investments. Gaming NFTs are the utmost pioneer, as the ever-increasing gaming industry is now using NFTs for digitizing top-to-bottom gaming assets.

NFTs are on the rise, and NFT marketplaces are too. Numerous players are regularly entering the industry, increasing the size and gross investment. Plus, today’s NFT marketplaces possess a first-mover advantage, as the market is still slow and adaptive to NFT. Altogether, this is the best time for companies to develop their NFT marketplaces.

In this blog, we’re going to compose a step-by-step guide toward NFT marketplace development. Through this guide, companies can understand the essentials of marketplace development and how to strategize further development plans.Ā 

7 Steps To Create NFT Marketplace

1.Ā  Selecting a Suitable Niche

Undoubtedly, selecting the niche of NFT development is the foremost step to developing an NFT marketplace. Niche selection is simultaneously the easier and the toughest task because there are multiple layers of a niche section process.

A few examples of primary NFT niches are gaming, entertainment, fashion, artwork, etc. Each industry requirement isn’t the same, so the NFT marketplace development procedure differs for each industry. The primary niche selection will streamline the development project towards a focused point.

After selecting a primary niche, the secondary niche selection process occurs. As an example, there are two gaming genres people find attractive – block and pixel games like Second Life, Roblox, etc., and High-definition games like GTA Online. This secondary selection is essential for bringing more clarity to the marketplace development.

The above discussion is enough to provide an idea of the niche selection process. Let’s move on to the next step.

2.Ā  Selecting a Suitable Blockchain Platform

The NFT marketplace creates a community of NFT buyers and sellers, buyers collect NFTs to expand their collection, and sellers trade their NFTs to receive better value and royalties. And the blockchain platform stores and facilitates all the transactions and records necessary documents.

Developers can establish NFT marketplaces on popular blockchain platforms like Ethereum, Solana, Polkadot, etc. For selecting the best blockchain platform, determining factors like the speed of transaction, the effectiveness of Smart Contracts based on that blockchain, the development cost, and the transaction fee accepted by that blockchain platform is crucial.

3.Ā  Choosing Irresistible FeaturesĀ 

Implementing relevant and top-class features sets an application or software ahead of others. Also, bringing public attention to an NFT marketplace is easy if implemented features are simple and intuitive.

For any developing NFT marketplace, product simplification and making a hassle-free trading experience should be the prior goal. An efficient market research team is required for developing market-relevant features, also, taking notes from existing NFT marketplaces can enhance the efficiency of this process. The existing NFT marketplaces can have faulty features and loopholes that can be targeted.

Read Also: How to Build an NFT Marketplace from Scratch

The real-estate NFT marketplace requires a mapping feature, and fashion and artwork usually don’t need the same. The same with gaming and music industry marketplaces. So, the feature development process should be industry relevant with keeping space for innovation.

All of these contributing factors help compose excellent features for the NFT marketplace.

4.Ā  Choosing Suitable UI/UX

Excelling with UI/UX is a must for any software or application development. For an NFT marketplace development project, the interface must be familiar with best finance industry practices, with a combination of trading and statistical models.

UI/UX has a direct relationship to the usability of application features; using it perfectly will definitely attract users to the feature. The simplicity of the marketplace is also UI/UX dependent; the combination of an irresistible and simple interface will bring the most number of user’s towards an NFT marketplace.

Numerous NFT development companies come with an interface designing team; choosing someone veteran is only what’s necessary.

5.Ā  Integrating Wallets

Integrating a crypto wallet with the NFT marketplace will facilitate trading procedures. Popular wallets like MetaMask, Coinbase, and Zeno are there; any industry newcomers can integrate their NFT marketplaces with these pre-existing services. Customized wallets are a better option in terms of establishing an elevated experience throughout the system. Any NFT marketplace developer can make customized wallets; hire a veteran NFT marketplace developer to get better solutions.

6.Ā  Developing Smart ContractsĀ 

Smart Contracts are the main activists of any repetition and automation-related tasks on a blockchain network-based project. Smart Contracts are a predefined set of programming that helps streamline transaction and agreement surveillance-related tasks.

For the NFT marketplace, Smart Contracts are very useful for tasks like NFT auction, royalty management, and payment facilitation. Smart Contracts should be supported with the chosen blockchain platform.

7.Ā  Deploying and TestingĀ 

After all the development efforts, it’s time to put your development to use. Most of the deployment takes place in a predefined environment where the basic usability can be tested. Based on the results, developers can add or remove things.

For NFT marketplace testing, developers can assign organization employees to experience human-oriented factors like graphics and interface. After testing, developers are ready to push the NFT marketplace for public usage.

Conclusion

These are the essential steps companies should know before developing the NFT marketplace. Now, hardcore NFT marketplace development requires the best in-depth industry experience and knowledge, so it’s best to consult a top NFT marketplace development company. For small-budget projects, hire NFT marketplace developers to save on cost allotment.

Read Also: Launch your Own NFT Marketplace: A Step-by-Step Guide

Author Bio

Akash Guha is a content writer with a grasp of different web content creation. He has an interest towards writing website content for multiple industries like blockchain, mental health and finance. Also, he is aimed to write simple and easy-to-understand content.

How to get started with NFT art?

Posted on by Shipra

 

How to Get Started with NFT Art

The way both creators and artists can sell their work has been reinvented by NFTs. Even though the majority of people won’t earn $70 million from an NFT, producing and selling NFT artwork has given artists more control over the publishing and distribution of their work. We’ll assist you in learning the fundamentals of blockchain, cryptocurrencies, and NFTs if you’re a beginner who wants to learn how to create and sell NFT art marketplace.

You can list your NFT artwork on well-known markets for free by following a few simple steps. You can learn the fundamentals of becoming an NFT artist with the id of this Blog.

NFT in depth

An NFT is a work of art that serves as a token in the sense of Web3 and is connected to a specific line of programming code on the blockchain. Due to the openly distributed nature of the blockchain, which serves as a record of transactions, this line of code will be distinct and impossible to duplicate.

How to make an NFT

NFTs can be created from a variety of different digital media. NFTs in the form of simple graphics are arguably the most popular and discussed type. Since each of these photographs possesses a special bit of code that cannot be reproduced and leaves no room for doubt as to who owns them, they are all non-fungible.

However, a tonne of additional resources, like images, music, animations, films, 3D objects, and even virtual plots of land in the metaverse, can be made into NFTs.

It’s a rather simple process to mint and sells art if you already have an idea in mind that you want to sell as an NFT, such as a sketch, painting, or 3D model. However, if you’re unsure of what artwork to convert into an NFT, get ideas from other well-known NFT collections.

How to sell an NFT

How to Sell an NFT

1. Create a digital wallet

You will initially require a digital wallet. You may store, use, and transact with your cryptocurrencies through a wallet. It also enables you to conduct business on exchanges that allow you to buy and sell NFTs. Since the most popular cryptocurrency used during NFT sales is Ethereum (or ether, as it is formally known), it is often a good idea to select a wallet that is functional with the Ethereum blockchain.

2. Choose an NFT marketplace

Finding a marketplace to advertise, mint, and sell your NFT art is necessary after you’ve set up your wallet. These well-known markets have comprehensive support sections and a wealth of information to get you started with purchasing and selling NFT art. Regardless of the marketplace you select, be aware of the platform fees involved with listing your NFT artwork as well as the cryptocurrencies that each site supports.

3. Buy Cryptocurrency

Ethereum is the most widely used cryptocurrency for the NFT art marketplace (ETH). One of the earliest blockchains is Ethereum, and its namesake cryptocurrency has grown to be one of the most popular ones globally. Remember that regardless of the cryptocurrency you choose, any blockchain transactions will have fees, including minting and listing costs, so you’ll need to buy some ETH before you can get began and put your artwork for sale.

Read more: Create NFT Digital Art in 3 Simple Steps

4. Connect the wallet to an NFT marketplace

You can now connect your digital wallet to a marketplace.

5. Upload the file you want to turn into NFT

Once youā€™ve set up your wallet, stored some crypto in it, and connected to a marketplace, youā€™re ready to start uploading and selling your NFT art.Ā 

6. Set up an auction or fixed price

You can choose between an auction and a fixed-price listing type on the majority of NFT markets. These are two types of methods for buying and selling NFTs. You can set a reserve price or the lowest bid that must be made for the sale of the NFT to proceed, during an auction. Typically, the transaction will not go through if the reserve is not met. An NFT’s specified price is known as a fixed price. While fixed prices provide the possibility of quick and predictable sales, auctions have more erratic results, with some NFTs selling for substantially more than they would have at a fixed price.

Pros and cons of NFT art

There are a variety of advantages to offering NFT artworks that didn’t exist previously, as well as a few disadvantages to selling the art in this new market, as long as you’re reasonable in your expectations.

The pros

  • You may instantly advertise your artwork to a global audience by selling NFT art.
  • NFT art can be created using a wide range of software, including illustration applications like Photoshop and Procreate, generative images created using Python, and 3D models created with tools.
  • There are several markets for NFTs, and each one has its audience. There is something for everyone, from projects with a tonne of value linked to tremendous art.
  • NFTs give artists a special connection to their fans by allowing them to participate in exclusive communities, have early access to upcoming drops, and get royalties.

The cons

  • The NFT market has very little transparency, which can occasionally be perplexing. Web3 is still a rapidly developing field, with currency fluctuations, several currencies, and many more being created daily, scam NFT projects, ambiguous fees, and terminologies. We’re still very much in the Wild West of Web3 for the time being as a result of the NFT gold rush.
  • NFTs remain intrinsically dangerous. It takes time and money to mint and sells NFTs, and you might not initially produce enough to break even. When beginning new projects, especially if you’re listing and minting numerous coins at once, it’s important to proceed with caution given the volatility of various cryptocurrencies and the somewhat erratic nature of the NFT market.

Are NFTs worth it?

The global NFT market is anticipated to increase by more than 400% over the following five years, leading to a total market value of 13.6 billion USD by 2027, according to Yahoo Finance. Numerous artists have used NFTs to generate sizable returns for their work while the potential of NFTs is still only beginning to be understood. Additionally, NFTs offer something that has never previously been done in the field of art. Because NFTs are blockchain-based, the idea of artistic scarcity has become publicly visible in the code. The ideas of authenticity, ownership and subjective value are revolutionized by NFTs.

As with any creative pursuit, the more time you devote to expanding your knowledge and skill set, the more probable it is that you will discover something useful. NFTs give artists a special chance to hone their talent and manage a business. NFTs offer a terrific option to maintain greater control over how you divide your effort and earn money, even if you aren’t initially producing large stacks.

How to Buy your First Art NFT

Posted on by Shipra

 

How to Buy your First Art NFT

The future of art has arrived! Itā€™s digital and purchased with cryptocurrency. Youā€™re probably familiar with traditional art ā€” the physical kind, usually in the form of a painting that hangs on a wall, renamed by this generation as Art In-Real-Life (IRL). Digital art comes in the form of a Non-Fungible Token (NFT) and exists on a blockchain.

NFTs are in their infancy and if you get in early you could make bank, kind of like when Bitcoin was in its infancy in 2010 and if your struggling self scraped up $100 to invest, you would be a millionaire today and probably spending the pandemic on a yacht in Monte Carlo. What? Yep. Today 1 Bitcoin is worth more than $46,000. In mid-2010, 1 Bitcoin was worth 6 cents.

Art NFT marketplace is an appreciating asset in two regards. If the artist blows up, so will the value of the artwork. Secondly, the lead cryptocurrency used to purchase an NFT, Ethereum, is an appreciating asset just like Bitcoin, so your NFT will appreciate as Ethereum appreciates.

Ready to get rich already? Ok, hereā€™s how to buy your first Art NFT:

1. Marketplace ā€” Where to Shop!

Weā€™re all familiar with Amazon for our online shopping needs. Digital art has its equivalent shopping sites including OpenSea, Mintable, Rarible, and Foundation.

2. Search ArtistsĀ 

NFT artworks like CryptoPunk #7804, worth $7M and listed for sale by the current owner at $397.58M, prove that digital artwork can be just as valuable as traditional art. Move over Picasso! If you stumble on an up-and-coming artist before they officially blow up, you could be purchasing the next $7M masterpiece at dirt-cheap. Then you can turn around and resell it for whatever insane amount because, in this new world, freedom and creativity are one. Emerging artists like Moriartsy, who was recently featured in Beijingā€™s first NFT Show, Stratosphere NFT Art International, have NFTs listed for as low as 0.10 ETH (around $300US equivalent) including a humorous piece of Carole Baskin as Catwoman. Find artists you like and invest in them. Itā€™s shopping so it should be fun. Just think of it as Pinterest meets real-life Monopoly.

Read also: Five Trends Shaping the Future of Art NFTs

3. Create a Digital WalletĀ Ā 

Youā€™ll need to set up an online wallet to finalize your NFT purchase. The most popular one is MetaMask. Follow the prompts and then purchase Ethereum using PayPal or Venmo.

4. Buy or Bid

You can purchase some NFTs directly. Others you bid on in an online auction, much like eBay. You got this!

5. Display it or Leave it and Wait for the Money Gods to Come!Ā 

Once youā€™ve purchased your first NFT, youā€™re done! If you want to show off your purchase, you can display your NFT in a virtual gallery like Decentraland. If you love art and want to visually enjoy it, you can purchase a digital frame and hang it on your wall or plonk it on your desk. Kinda meta ā€” of NFT art doubling as Art IRL. Trippy, right? If youā€™re looking at this purely as an investment, just live your life and your digital art asset will live its too. If the artist suddenly has a Beeple style breakthrough (thatā€™s the artist who sold his Everydays collection via Christieā€™s for $69 million), you might find yourself the accidental owner of an artwork worth millions.

Blog Credits: Medium

Five Trends Shaping the Future of Art NFTs

Posted on by Shipra

 

Five Trends Shaping the Future of Art NFTs

Art is ever-evolving. Tastes and styles change, movements rise and fall, and artists turn to new mediums through which to present their vision. Yet one of the biggest leaps forward in the art world has come with the recent boom in NFTs, which are not only providing new ways for artists to create, but also challenging traditional beliefs and practices around who makes art, how art can be purchased, who owns art, and what form or medium art can take.

First, what is art NFTs? An NFT, or ā€œnonfungible token,ā€ is a unique token that lives on the blockchain and corresponds to a digital fileā€”often, this is a piece of art. When an artist creates an NFT, the process is called minting, and doing so creates a token tied to a unique work of art, a song, an experience, etc. When someone purchases an NFT, they become the verifiable owner of that original digital asset because the NFT is kept on the blockchain, which is a public ledger. Blockchain technology also offers the ability for creators to earn royalties on secondary sales, deploy smart contracts to execute transactions, and offer fractionalization or partial ownership of an artwork, among other new and exciting functionalities.

NFTs are not only innovative but theyā€™re also priced high. NFTs saw $2.5 billion in sales in just the first half of 2021, and the market cap of NFTs grew tenfold between 2018 and 2020. In December 2021, digital artist Pak set the record for the largest sale by a living artist with their NFT drop ā€œMerge.ā€ CryptoPunks are regularly selling for around $500,000 apiece (at current ETH prices), with a dozen purchased per day.

Read also: How To Become a Top Earning NFT Artist

Founded upon blockchain technology, NFTs are indeed changing the world of art. What follows are five trends that show how art NFTs are impacting the world today, and how they will influence the world tomorrow. Ā 

Trend 1: New Patronage Of Artists

One of the opportunities that NFTs and blockchain technology offer is the ability to pay an artist directly for their work because the blockchain enables one-to-one transactions outside of third parties. This means that patronage of the arts is changing. No longer will artists have to create for corporate sponsors, brands, or mega-collectors. Instead, they can make the work that they want to produce, while connecting directly with their audience. Because the digitization of art provides access to anyone with an internet connection, weā€™re seeing more individuals, who may have never thought about collecting before, entering into the art space because itā€™s now available to them.

Trend 2: Built-In Utility

Beyond the promise of owning the original artwork, there is also a growing movement to add additional utility for token owners, resulting in a number of benefits and usages outside of ā€œart for artā€™s sake.ā€ To start with, added layers of functionality increase the value not only of the art but also of the transaction and the entire NFT ecosystem, including blockchain security, verifiable ownership, smart contracts, token transferability, and more. Built-in utilities can also include having an NFT attached to something physical, like a sculpture, an experience, a reward or membership, or another unique value-add.Ā 

Trend 3: Nft Communities

Because NFTs are making art more accessible and allowing more artists and collectors to get involved, theyā€™re also forging new communities. Itā€™s not only strengthening the art community by bringing together artists and individuals who are interested in supporting and fostering each otherā€™s work, but itā€™s also building collector communities and ā€œclubsā€ around specialized drops.

Read also: The 6 Best NFT Marketplaces to Sell your Art

One way weā€™ve seen this has been in the rise of PFPs, or ā€œprofile pictureā€ projects, where individuals collect limited-run generative art piecesā€”Cool Cats, CryptoKitties, or the Bored Ape Yacht Club (one of which recently sold for $404,000) are among some of the most well-known. Participating in these communities gives you the chance to collect something unique and ties you to a community that shares similar interests. PFP projects can also lend status, and exhibiting your PFP (as an avatar on social media, for instance) signals that youā€™re part of a community.

Trend 4: Innovative Projects

Because of the unique technological offerings of NFTs, weā€™re seeing the rise of innovative projects that are challenging the traditional concepts of art. These may include the aforementioned PFPs, where artists create original characters that buyers collect. A group called the CryptoBaristas is launching characters and using their profits to open an NFT-funded cafe. Nouns.wtf auctions one generative NFT every day, forever, and collects the proceeds in a treasury where Noun NFT holders can vote on its use as part of a DAO, or a decentralized autonomous organization. Thereā€™s even NFT clothing, or ā€œwearables,ā€ for your virtual avatars, and NFTs tied to virtual land purchases as well.Ā 

Trend 5: Art Nfts As A Gateway Into Crypto

Finally, weā€™re seeing NFTs become a gateway into crypto. While there is a thriving community of crypto natives who are transacting in NFTs, those who havenā€™t had any interaction with crypto are finding their way through art, something that is easily understandable and that can be appreciated by everyone. Through the process of setting up a digital wallet, transferring fiat money into crypto, and minting to the blockchain, both artists and collectors are learning how to navigate a new digital world.

Shaping The Future Of Art

Digital creations, coupled with blockchain technology, have brought us to this moment in time, where the only limit on innovation is our own imagination. Mainstream adoption will be crucially important to support this innovation. We can achieve that by continuing to educate artists and collectors about NFTs and showing them the value NFTs can bring to their work and the art world.

Blog Credits: Fast Company

The 6 Best NFT Marketplaces to Sell your Art

Posted on by Shipra

The 6 Best NFT Marketplaces to Sell your Art

As an artist or organization just getting into NFTs (non-fungible tokens), you might get overwhelmed by the amount of NFT art marketplaces. In this blog post, I will share an overview of the biggest marketplaces on the Ethereum blockchain.

First: the buzzwords, explained

Before we dive in, I will assume you are a total beginner and donā€™t know anything about the crypto world as a whole. I will, however, assume that you know what an NFT is.

Ethereum

In this post, Iā€™ll be talking about NFT marketplaces on the Ethereum blockchain. Ethereum is the second largest cryptocurrency in existence (after the well-known Bitcoin). It is popular because it was the first cryptocurrency that allowed developers to program on it.

Gas

Like with any cryptocurrency, you need to pay a transaction fee whenever you create, move, or do anything on the blockchain. This is what we call gas. Iā€™ll be talking about transaction fees and gas interchangeably throughout this entire blog post. When you choose a marketplace and youā€™re just starting out, choosing the right marketplace can be a game changer. Some of these marketplaces have implemented ways to circumvent these gas fees completely or at least to a certain degree.

Minting

Another important term Iā€™ll use often is minting. Minting is what we call the transaction that creates the NFT on the blockchain. It is the most important step in the creation of your NFT since it takes care of the blockchain part. Now that weā€™ve got those terms out of the way, letā€™s get into the article itself.

The NFT marketplaces

I will make a comparison between two major categories of NFT marketplaces. For instance, on the one hand, youā€™ve got the curated marketplaces, and on the other hand, youā€™ve got the non-curated marketplaces.

Read also: How To Become a Top Earning NFT Artist

On curated marketplaces, you need to apply as an artist and get access to sell art. On a non-curated marketplace, anyone can put up anything for sale.Ā 

Non-Curated NFT Marketplaces

Since non-curated NFT marketplaces are not curated by the company that developed them, anything is possible. You can get your art online within a few minutes. The three marketplaces I like the most are OpenSea, Rarible, and Mintable. Anyone new to NFTs can easily access these and you donā€™t need any verification from the website. For instance, companies like Adidas and Ubisoft have used these in the past.

OpenSea

OpenSea Logo

Letā€™s start off with OpenSea. OpenSea is by far the most popular marketplace in the NFT space. In fact, it had the first-mover advantage and hosts some of the most popular collections like the Bored Ape Yacht Club and CryptoPunks. It has over 2M+ Collections, 80M+ Goods, and a total market volume of more than 10B+.

To start selling your art on OpenSea, you need to pay for two transactions. First, you need to initialize your account for making sell orders. Secondly, you have to allow OpenSea access to your item. You will need to do this second transaction every time you list a new item. From then on, you will only need to sign a signature request when youā€™re listing the item. On OpenSea, the buyer pays a 2.5% fee on every item they buy.

You can offer your NFTs either as a direct-for-sale NFT or sell them via an auction. Auctions can last up to 7 days. In OpenSea, you can set royalties up to 10%. To conclude, you can access the platform from the Ethereum Mainnet or from Polygon to get cheaper gas fees.

Rarible

Rarible Logo

Second, Rarible is an NFT marketplace and issuance platform that utilizes the RARI token to empower users who actively interact with the protocol. The platform offers users a fully-featured marketplace that is filtered and sorted using different categories to create a smooth and easy user experience. Anyone can create and post NFTs on the Rarible marketplace. In 2021 they had over 2.1 million monthly active users, over 400k+ NFTs minted, and over 273M+ in trading volume.

To start selling on Rarible you have two options. Either the seller pays for the minting or the buyer does. On Rarible, the seller and buyer both pay a 2.5% service fee.

You can offer your NFTs either as a direct-for-sale NFT or via a timed auction. In addition, you can allow bids. Auctions can last up to 7 days. In Rarible, you can set royalties up to 50%. To conclude, you can access the platform from the Ethereum Mainnet or from Flow or Tezos for cheaper gas fees.

Mintable

Mintable Logo

Third, Mintable is the third non-curated marketplace I want to highlight. This marketplace is special because it offers gasless minting! Mintable is a platform built on top of Ethereum that allows users to create, sell, distribute, buy, and trade digital items for cryptocurrencies. The platform stands out as an excellent entry platform into the NFT space. It is the perfect place to start your journey since they offer a completely gasless listing.

The best part: to start selling on Mintable you donā€™t even need crypto! What you do need is a wallet, of course. You can either sell using gas fees and pay a 2.5% service fee or use the gasless option and pay 5%.

Furthermore, you can offer your NFTs either as a direct-for-sale NFT or via a timed auction. In addition, you can also allow bids. Auctions can last up to 7 days. You can set royalties up to 10%. To conclude, you can access the platform from the Ethereum mainnet or from ImmutableX for cheaper gas fees.

Curated NFT Marketplaces

Letā€™s continue with the curated marketplaces. These are the marketplaces established digital artists almost always use to sell their art and collectible projects. Artists like Murat Pak and Beeple sell their digital ego on these.

Foundation

Foundation Logo

The fourth marketplace, Foundation is the biggest curated marketplace on the Ethereum blockchain. Companies usually opt for Foundation because of its clean UI and easy mint process. Since its launch in February 2021, creators have earned over 47k ETH on the platform.

Creators are invited to join the Foundation by members of the community. Once youā€™ve received an invite, youā€™ll need to set up a wallet with ETH before you can create an artist profile and mint an NFT ā€” which means uploading your artwork to a decentralized peer-to-peer storage network. It will then be an NFT you can price in ETH and put up for auction or a private sale on Foundation.

When an artwork is sold on the primary market, creators receive 85% of the final sale price. If an NFT is listed and collected again on the secondary market, a 10% royalty is automatically sent to the creator who originally minted the artwork ā€” in perpetuity.

Companies like Quick (a big fast-food chain from Belgium) have sold NFTs via this platform.

SuperRare

SuperRare Logo

Fifth, SuperRare is an NFT marketplace to collect and trade unique, single-edition digital artworks. Each artwork is authentically created by an artist in the network and tokenized as a crypto-collectible digital item that you can own and trade.

You can think of SuperRare as Instagram meets Christies. A new way to interact with art, culture, and collecting on the internet. To sell on SuperRare as an artist, you need to get an invite. Thatā€™s the only way to get in.

You can offer your NFTs either as a direct-for-sale NFT or via a timed auction. In addition, you can allow bids. Auctions can last up to 7 days. Royalties are 10%. Artists receive 85% of the sale price.

On all sales, thereā€™s a 3% marketplace fee added on top of the sale price thatā€™s paid for by the buyer. This excludes gas fees. To conclude, you can access the platform from the Ethereum mainnet and can only use ETH to pay.

NiftyGateway

NiftyGateway Logo

Last but certainly not least, NiftyGateway. This is the platform founded by the Winkelvoss Twins. The NiftyGateway motto is to not stop until at least 1 billion people are involved with NFTs.

Nifty Gateway teams up with top artists and brands to create collections of limited edition, high-quality NFTs, exclusively available on their platform. Each collection will be opened at a specific time (a drop) and will only be available for a limited time. You can pay with your wallet or via credit card to buy NFT drops directly.

If you sell an art piece or a collection on NiftyGateway you receive 95% of the sale price and you get a 10% royalty fee on each secondary sale. NiftyGateway innovates in the Ethereum space by enabling wallet-to-wallet NFT transfers. This reduces the fee sellers and buyers have to pay. You can gain access to the platform as a seller by applying via a form on their website.

Blog Credits: Medium

How To Become a Top Earning NFT Artist

Posted on by Shipra

 

How To Become a Top Earning NFT Artist

This article will give an insightful perspective on the NFT space and expose the key attributes that top NFT artists possess. It will be safe to assume these attributes are what make them stand out. First, let us delve into a brief description of fungibility.

Fungibility Explained!

Fungibility connotes the ability of the asset to be interchanged or replaced with other individual goods or assets of the same type. Fungibility implies equal value between two assets, making it easy to exchange and trade between them. So basically, fungible tokens can replace each other without a change in value.

Some major examples of fungible tokens include Commodities, common shares, options, and dollar bills.

What Are NFTS?

The term NFT is an abbreviation for Non-Fungible tokens. As the name implies, non-fungibility connotes the inability of the asset to be interchanged or replaced with other individual goods or assets of the same type. Non-Fungibility tokens are unequal in value and unique making it difficult to exchange and trade between both assets.

Major examples of Non-Fungibility include diamonds, land, or baseball cards because each unit has unique qualities that add or subtract value.

To explain better, every land of the same square meter is not the same. The value of the land also depends on location, topography, neighborhood, fertility, etc. This makes it difficult to exchange one land of the same size for the other as their value might have significant differences.

What Makes Digital Art Non-Fungible?

Several artists all over the world have made copies of Picassoā€™s paintings. While someone can make copies of Picassoā€™s paintings, the originals are impossible to replace and unique.

NFTs, like Picassoā€™s original art, are blockchain-based tokens that each represent a unique asset for example digital content, a piece of art, or media.

Due to the immutability of the blockchain, an NFT minted on the blockchain serves as an irrevocable digital certificate of authenticity for any asset, whether physical or digital.

Read also: Create NFT Digital Art in 3 Simple Steps

As cryptographic assets on the blockchain, NFTs have distinct unique identifiers and metadata that set them apart from one another.

The proliferation of NFT Artist

NFTs have a long history as far as 2012 when Meni Rosenfield published a paper describing NFT technology as ā€œColored Coins.ā€ Originally, the Bitcoin blockchain was the focus of the NFT paper.

On May 3, 2014, digital artists Kevin McCoy and Anil Dash created the first known NFT. The Quantum NFT featured a little video of McCoyā€™s wife Jennifer. He later sold it to Dash for $4.

The turning point for NFTs came on March 11th, 2021, when Mike Winkelmann (known as Beeple ) sold his NFT collection ā€œThe First 5000 Daysā€ for a whopping $69.3 million (38525 ETH). The sales gave global attention to NFT arts and led to massive interest in NFTs as a store of value.

As the NFT market continues to grow, new digital artists from Web2 and other digital industries are rapidly migrating into the Web3 NFT space, making it more difficult for individual artists to stand out amid the chaos.

Why NFTs

According to CryptoArt.io, over 3.2 million pieces of artwork have been marketed for more than $2.5 billion in the last two years.

Beeple, Pak, Edward Snowden, Kevin McCoy, Whisbe, Paris Hilton, and others are among the top-selling NFT artists.

While some artists make massive sales, many other NFT artists struggle to gain traction.

Here are some key characteristics that distinguish the top earners from the rest.

1. Create a stunning website:

The validity of your project is strengthened by conventional websites that include information about your collection, your investors, and a plan. It should be appealing and vibrant. Visitors to your primary website are those who choose to make an NFT purchase. They will examine the project team and proposals. Show the public the team members and the artwork.

2. Have a Catchy Mission:Ā 

A key distinguishing feature of most popular NFT artists is their sense of mission. Beeple for example is committed to designing one NFT art per day and has consistently followed through from his days as an underground artist. The First 5000 days was a collection of his First 5000 works as an NFT artist. The Bored Ape club promoted exclusivity and class. There is other NFT artist that commits a percentage of their sales to charity or a cause. NFTs have also been an active part of several global issues like the Ukrainian war etc.

3. Create an NFT community or participate actively in one:Ā 

Art historical collectors converged in Montparnasse cafes and bars in the initial periods of contemporary art. NFT collectors now meet and form groups on social media platforms such as Twitter, Discord, and others to compare notes, criticize, and evaluate NFT arts. Building a social media community or following allows you to expand your audience while also providing much-needed authenticity and trust in these days of rekt due to increasing rug pulls.

4. Get the Pricing Right:Ā 

Include the community in the price-setting process. Either through routine surveys or public conversations. Spend some time discussing what a fair price is with your community.

5. Provide extra information and collectibles:Ā 

Every NFT artist must learn to engulf their art with a dramatic story while also adding context and exclusivity. Whether collection or art, a special and appealing narrative should accompany the work to build a sense of perspective and allure.

6. Be unique:Ā 

There is a need to etch out a distinct niche for yourself by creating artworks not solely to sell them, but also because they have deeper meanings or are in an area that you are genuinely enthusiastic about.

7. Cooperate with reliable influencers and businesses:Ā 

Itā€™s critical to collaborate with credible crypto social media influencers and companies that have a track record of honesty and donā€™t encourage fraud. Select partners who support both your idea and the NFT industry as a whole.

8. Try something new like joining a Unique blockchain:Ā 

Beeples was just a 3d artist who leveraged the new blockchain smart contract technology to push his art. As the blockchain space continues to revolutionize and innovate with new use cases and goals, we are seeing a fervent following among blockchain enthusiasts. Being a committed member of a specific blockchain and committing to mint and grow on the chain has its own set of benefits as the NFT artist gets huge community support from the ecosystem community translating into huge publicity and support for his works.

Blog Credits: Medium

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