So many in Blender forums ask “how can I make money using Blender?” Recent interest in NFT crypto art has skyrocketed. World-renowned digital artist, Beeple, made news when he sold digital art for an incredible $3.5 million. The craze has continued and some of Beeple’s art has now re-sold for over $6 million. This has caused a wave of digital artists and speculative buyers to crypto art markets where sales volume is growing fast. Who knows how this will all turn out, but if you’re interested in getting in on it, I’m going to show you how to get onto two very different NFT sales platforms (or try to at least).
I have two videos on my Youtube channel that show how to apply to sell on SuperRare.com and how anyone can list NFT cryptoart on Rarible.co but read on to learn more about the two platforms.
What is an NFT?
NFT is short for “Non-Fungible Token” which is a unique and unforgeable code built on the Ethereum Blockchain. Crytpocurrencies like Bitcoin are considered fungible tokens. If you have one bitcoin and I have one bitcoin, we can swap them and it doesn’t matter. They are “fungible” or “interchangeable.” A non-fungible token is unique, like a piece of artwork.
NFT’s are perfect for adding scarcity (and therefore value) to digital art. But future uses could be even larger. NFT’s could eventually serve as airline and concert tickets or even real estate deeds. While a piece of digital art can be reproduced, the NFT token can not. Only the holder of the token is the true owner of the artwork.
An NFT can be created by anyone with just a few simple steps. Once created, the blockchain maintains transaction records to record every change of ownership for the token. This allows its authenticity to be traced back to the original creator. The original creator can also collect royalties every time a token is resold. So an artist could make an initial profit from the sale, but then if it is re-sold, automatically get a royalty payment through the blockchain.
There are a number of NFT marketplaces and each one works differently. Some serve specific niches. Some are curated and others are not. The high-dollar marketplace is Nifty Gateway where Beeple first sold his NFT’s and made history. Nifty Gateway is very exclusive, hoping to be for the elite and renowned artists.
SuperRare.co is also a curated marketplace and only allows “one of one” pieces (no multiple copies of the same artwork) to be sold. SuperRare vets artists to ensure they are legitimate and established on social media. SuperRare is expanding though and if you are a relatively established artist with a decent social media following, you might make the cut. The application process has a few steps and SuperRare has provided tips on improving your chances at approval. I cover all of that in this video:
One of the easiest entry-level NFT marketplaces to start listing art on is Rarible.com. Rarible, like all other NFT marketplaces requires you to set up and connect a digital wallet which handles your Ethereum and your digitized tokens. There are several wallets you can use but most recommend the Metamask wallet. Metamask plugs into your browser as an extension. On Rarible, you don’t actually create an account. Instead, you connect your wallet.
Once your wallet is connected, you can upload a piece of your work. Several file formats (PNG, MP3, MP4 and more) are uploadable. You can choose your sale price and your royalty percentage. You can also add unlockable content. With this feature, the buyer of your artwork can unlock a code, key phrase or link after purchase. I’ve used this as a way to give the buyer access to a high definition file of the NFT. Others have used this as a way to sell physical assets like tee-shirts.
But creating (or “minting”) NFT’s has a cost in what is called “gas fees.” Ethereum gas fees fluctuate with both the price of Ethereum and the current demand on the network. Incurring gas fees to create a token which will be listen among millions of other tokens may not be the best investment. But this is for each individual artist to decide. Artists with existing fans and followers will surely have a better chance of having their NFT sold.
If you are interested in learning more about NFT’s and selling on Rarible.com, I’ve created a straight-forward and step-by-step video on how to do it.
NFT’s are one of the most exciting things to happen for digital artists. Although nobody knows exactly what the future holds for them, they have already changed the landscape of digital art. Thank you for reading and stay creative!
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