Selling your art as an NFT
A lot of artists hoping to break into the digital arts scene are learning how to sell their creations as NFTs. Although most people are intimidated by the process, it isn’t that difficult to create one.
Step 1 : Select a Marketplace
There are many options out there when it comes to selecting an NFT marketplace to mint your artwork. Here are some great platforms:
– OpenSea, the world’s first NFT marketplace was launched in 2018 and currently has more than 1 million users. It’s a decentralized platform with Ethereum, Polygon and Klatyn blockchain support.
OpenSea’s 9 categories — Art, Collectibles, Domain Names, Music, Photography, Sports, Trading Cards, Utility, Virtual Worlds
Pros:
- First NFT platform; very trusted
- Majority of bluechip NFTs/famous collections listed
Cons:
- High transaction fees/High gas fees
- Artist royalties only up to 10% (this is low compared to other marketplaces)
– Rarible is an Ethereum-based platform that is owned by its community (DAO). In 2021, they introduced Tezos and Flow blockchain support. It has its own token called RARI, and users can use these tokens to vote on platform developments such as proposals to change trading fees or adding new features.
Rarible’s 10 categories –Art, Photography, Games, Metaverses, Music, Domains, DeFi, Memes, Punks, NSFW
Pros:
- It’s a Decentralized Autonomous Organisation (DAO) so it’s owned by the members of the platform
- Artist Royalties upto 30%
Cons:
- High transaction fees/High gas fees
- Sellers pay gas fees twice
- Lot of scammers trying to get their hands on RARI
– UniqArt is a NEAR blockchain-based NFT marketplace that focuses on indie artists. They provide a bunch of services such as complete user onboarding and decentralized crowdfunding.
UniqArt has audio/video/photo NFT support and they spread awareness about the space through their educational content.
Pros:
- Works on one of the fastest blockchains — NEAR
- Incredibly cheap transaction fees ~ 0.01NEAR (approx. $0.1)
- Listing an NFT is fast and easy
- Artist royalties up to 20%
Cons:
- Relatively new marketplace,
- User base isn’t as much as OpenSea or Rarible
Step 2 : Create a Crypto Wallet
To gain access to any NFT marketplace, you have to connect a cryptocurrency wallet such as MetaMask, Trust Wallet, Coinbase or NEAR.
Once your wallet is created, you can connect to any NFT marketplace you’d like to use.
Note: OpenSea and Rarible don’t support NEAR, only UniqArt does
(Click here to learn how to create a NEAR wallet)
Step 3 : Connect your Crypto Wallet
Most platforms have a “Connect Wallet” option on the top-right hand corner of their landing page.
After connecting your wallet, you can use the marketplace to mint, buy or sell you NFT.
Step 4 : Create an NFT
Upload your piece of digital art on the marketplace’s “Create NFT” page.
You will be asked to fill up details like Title, Description, Traits, % of Royalties, etc, before you can sell your piece.
Once you’re set up, a certain gas fee will have to be paid to execute the transaction to mint your NFT.
After the transaction goes through, your NFT will be listed on the marketplace for sale! Now all you have to do it wait. Your crypto wallet might just get credited with the sale overnight, who knows? 😉
Example: Here’s digital artist Harsh Jagtap listing his collection on uniqart.io
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