What is an NFT & How do I make money from selling my art as an NFT?
You know that I’m a stock photographer for many years now. See my portfolio here. I’m just about to step into a new field now, called Crypto Art. So, what is an NFT?
AnNFT (Non-Fungible Token) is a special token representing a unique ID that cannot be replicated, they are used to create verified digital ownership and are used in applications that offer Crypto Art, Crypto Gaming, Crypto Collectibles, and more. The NFT is tokenized or minted which means it is put onto something called a Blockchain, a Blockchain is a permanent ledger that is accessible on computers globally.
So a question you may have asked yourself, such as “Why can’t people just download the image?” — the short answer is, they can. They can download the image and have the file saved on their computer forever. However, that same piece they have downloaded is not worth anything compared to the 1/1 NFT you sold to someone for $2,000+ because it is not original nor worth the same value.
You can go online and buy a painting that Pablo Picasso or Vincent Van Gogh made for less than $50, however that is not near the same value of what it is worth (millions) because it’s not the original copy. So when you upload an NFT to a platform, the value is 100x more than when someone can download your image.
Where can I sell my NFT’s & How do I get started?
There is a variety of platforms in recent year/years that allow you to sell NFT’s (SuperRare, Rarible, KnownOrigin) and you need a wallet for them — because this is crypto art, not just art. You have to make a Coinbase Wallet (or BTCTurk in my case) online and connect through MetaMask and then make sure to buy some ETH (Ethereum) through Coinbase (or BTCTurk). Know that transferring your coins to MetaMask takes two days. Meaning that you have to wait 2 days for coin transfer to MetaMask. As you need some starting crypto money for gas fees when you tokenize/mint an artwork that puts the piece on the Blockchain. Keep in mind, you’ll receive money in crypto such as Ethereum which can be traded into your normal currency (USD, TRY).
So, where do you start? — Once you have your wallet set up you can go over to Rarible and connect through the choices they offer such as MetaMask or Fortmatic. Rarible is the premiere NFT marketplace where you can mint, buy and sell digital collectibles without any coding skills. When you have your Rarible account made, you will be able to create a collectible and be given the choice of creating a single or multiple posts. Whether you want to make it 1/1 or ?/? you can choose; then go on uploading your artwork on here and setting the price. If you are stuck on what to do, you can ask for help in their discord and you can find the link on their twitter.
How can you support me?
Now that I’m into digital artworks, I started making collages using my own photos. Creating new pieces of art and sharing them with the world excites me a lot. I think it’s a big opportunity for me to prove and express myself through art.
You can follow me on my new Instagram account here. Also, you can support me by following me and buying my tokens on my Rarible marketplace and OpenSea marketplace.