How to Create NFT Art

The entire world seems to be talking about NFTs and Blockchain and shifting to the digital art space. Non-fungible tokens have become one more investment avenue to reap the benefits of the decentralized financial system for all cryptocurrency enthusiasts.

So, in case you are interested in art or are considering entering the world of NFTs, and want to create NFT art, then you have come to the right space. Read on to learn the different ways to create your NFT art even when you don’t have any background in art or any content-creating field.

4 Best Ways to Create NFT Art

How to create your NFT digital art? This question is often asked by those individuals who don’t have much experience in creating their artwork and there are various methods:

We will discuss the different ways through which you can create your NFT digital art without any prior experience in making any artwork in more detail in this beginner’s guide.

Hire NFT creation through freelancing websites

In case you are crazy about NFTs but don’t have the requisite skills to draw an attractive piece of art, then also you have the opportunity to make money by starting your NFTs. You can hire an NFT designer which could create a piece of art for you.

Nowadays, freelancing websites have started encouraging young artists and content creators to begin offering their services to those interested in creating an NFT. Freelancing websites hire these artists to enter the digital collectibles industry and offer their services to those looking to create their own NFTs.

You can select the freelancer according to your requirements and budget. Make sure you get full commercial rights over the piece of work created by that artist and choose a trustworthy platform, like Fiverr, Upwork, Freenlancer.com, for selecting the right NFT designer for your project.

Create NFTs using AI (artificial intelligence)

Are you interested in learning how to make NFT art, but got no idea regarding where to begin? This is a lot simpler than you think! You can create your NFTs with the help of artificial intelligence even when you don’t have any knowledge about art or coding.

As per the experts, the Ai-Generated NFTs will flourish in the market in the times to come. Artificial intelligence is used in creating art-like images in the form of NFTs that are non-interchangeable digital ledgers. Through the use of this technology, you could select the different styles in which you would want his image to be recreated.

For instance, websites like Wombo allow you to use AI to generate art based on KWs, and they will soon offer an option to mint it as an NFT.

Once you have selected the style the Ai would re-imagine your digital file in the selected style and would allow you to make adjustments in the final output as per your requirements. After you have made the required adjustments, you can select your resolution, and create your NFT collection.

Create NFTs with software

You can make your NFTs even on your mobile phones or desktops with the help of some software. This method of creating NFTs is extremely beneficial for all those NFT lovers who are not having many artistic skills.

Software like Fotor uses advanced artificial intelligence technology in making your NFTs.  A user is only required to upload the file on this software and choose the art style he wants his image to be converted in.

Only with this much input from his side, the software produces the required NFTs in a matter of a few clicks.  Similarly, you can find open-source drawing software like Krita where you could use numerous drawing tools in creating your digital art, and then sell it at a price of your choice.

The best part of creating your NFTs through the software is the availability of multiple drawing options to improve your digital art. On top of it, you get an easy-to-use interface for exploring various drawing tools. Many software programs allow you to create your NFT art daily for free – you could make use of such kinds of software for creating your NFT collection.

Create NFT Art on Adobe Illustrator

The craze of NFTs has made many companies launch specific programs designed to help users in creating their digital art. In the same aspect, we will now discuss how you can create your artwork with the help of Adobe.

First of all, you won’t need any sort of special software to make any NFT. All you need is Adobe Character Animator, Adobe Illustrator, or Adobe After Effects to start making your NFT. Considering the fact that you would be making your NFT on the Adobe platform, you have to make sure that you know all the features regarding how to use it.

Recently, Adobe has also collaborated with the famous NFT marketplace, Rarible, to ensure that the authenticity of users’ artworks created using Adobe’s Creative Cloud suite remains warranted in the eyes of the purchaser.

Adobe users are allowed to link their accounts with their crypto wallets, and they could show their digital certificate based on the Adobe-verified credentials on the NFT marketplaces whenever they sell their art on the platform. The feature of ‘Content Credentials’ has been designed primarily to counter rampant misinformation related to the veracity of the content prevailing in the sphere of the digital art industry.

Displaying your NFT through an NFT marketplace

For a first-time user, it is very easy to display an NFT on an NFT marketplace. Given below are the steps that a user is supposed to take for converting its digital file into an NFT:

Step 1: Select the file you want to turn into an NFT

To begin with, you would need to select the digital file which you want to be converted into an NFT. It could be anything, be it a painting, music, picture, meme, GIF, or tweet. Ensure that you have the intellectual property rights to the file you wish to convert into an NFT, otherwise making an NFT for a file in which you don’t have those rights could land you in legal trouble.

Step 2: Select the blockchain on which you want to mint your NFT

After you are done with the selection of your digital file, you need to determine the blockchain on which you would want your NFTs to be issued. Ethereum is the widely used blockchain for the issuance of NFTs. Note that every different blockchain has its token standard for NFTs along with its wallet services and marketplaces.

Though there are many ways to purchase Ethereum, however, we would recommend you to get it through a well-regulated crypto exchange like the eToro.com. You can buy Ethereum from the eToro platform by just following some simple steps.

Firstly, go to the eToro platform’s official website and click “Join Now.” Then, create your login credentials by entering the necessary information, such as your name, address, user name, phone number, and email address,

Secondly, finish the KYC (know-your-customer) process by having your identity verified. You can prove your identity by providing a copy of your passport or driver’s license, thirdly, deposit funds into your eToro account.

You can provide proof of address in the form of a utility bill or a bank statement. Your account will be authenticated within minutes after you have uploaded all of the required documents.

For funding your account, eToro accepts a variety of payment methods including credit and debit cards, Paypal, bank transfer, and e-wallets Skrill and Neteller.

Lastly, type the name of the Ethereum on the search bar, and purchase that crypto.

Click the “Trade” button and enter the amount you want to invest in that cryptocurrency.

To complete the transaction, click the “Open Trade” button.

Step 3: Create your digital wallet

Now, when you have purchased Ethereum, you will need an NFT wallet to create and sell your NFTs. You will be required to set up a digital wallet for transactions on the Ethereum blockchain.

For the said purpose, it is important to have an Ethereum wallet that could support ERC-721 (the Ethereum-based NFT token standard) on its platform. Considering these requirements, you would get wallets such as Metamask, Coinbase wallet, or Trust wallet.

Once you have got the digital wallet, transfer Ethereum that you have recently purchased from the eToro platform into your wallet.

Update – As of 2024, the only cryptocurrencies eToro users in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash and Ethereum.

Step 4: Choose your NFT marketplace

After getting your crypto wallet filled with Ethereum, it’s finally time to start making your NFT. For that, you need to select an NFT marketplace for your digital asset. The maddening popularity of NFTs has put abundant options in terms of NFTs marketplace in front of you, for instance, you could choose platforms like OpenSea, Nifty Gateway, CryptoPunks, for creating your NFTs.

Since different NFT marketplace is famous for different sort of works, we would suggest you to do some research before deciding upon your marketplace.

If you are still undecided, you can start with OpenSea as it is a renowned platform for creating and selling NFTs.

Once you have chosen your NFT marketplace, you must link it to your digital wallet. This will enable you to pay the fees required to mint your NFT and keep any sales proceeds.

Step 5: Upload your digital asset

Now, your digital asset is ready to get minted. You will be provided with a step-by-step tutorial from your preferred NFT marketplace for uploading your digital file on their platform. Convert your file into a marketable NFT using those methods.

Step 6: Start the sales process

When you have created an NFT, then you would have to choose the mode of monetizing your NFT. Depending upon the options available on the marketplace, you could sell your NFT at a fixed price, you can organize a timed auction for it, or you can start an unlimited auction for finding the purchaser of your NFT.

What do you need to know about NFTs and copyright laws?

The enormous presence of non-fungible tokens in the digital space has made it impossible for investors to ignore them. With the rapid rise in the number of institutional investors bringing their money in the NFTs, issues that may have been overlooked in a niche industry become critical in a multibillion-dollar industry. Many NFTs lovers have ignored the issue of copyright infringement in this digital art industry.

It’s important to understand the legal implications of copyright violations associated with NFTs, or may end up paying large sums as damage even when you are an innocent purchaser of an NFT. Federal law provides strong protection to the original work of authorship. To ensure that your legal rights associated with your artwork are protected, you need to get your piece registered with the U.S. Copyright Office.

The creator of the work owns the copyright and all other IP rights related to his work, however, he is allowed to transfer or assign them to any person according to the purchase of his work. Since NFTs are minted on blockchain technology, it is easy to verify whether the purchased work is authentic as an account of the original seller gets linked to the artist in the NFT marketplace.

However, it is highly likely to ascertain on the blockchain whether the art is simply a copy of someone else’s copyrighted work, in case it happens to be, then you may get yourself in significant legal liability irrespective of your lack of knowledge regarding the infringement.

According to Section 504 of the Copyright Act, if you sell any infringing work, even if you don’t have any knowledge of the fact that you are violating someone else’s copyright, then you would be liable to pay the actual or statutory damages ranging from $750 to $30,000 per infringement.

To protect yourself from landing in any legal trouble, do background research before buying any NFT. Verify whether any similar NFT exists, and what IP rights are transferred to you with the sale of the project. You can also hire an attorney to ensure your NFT project is not too similar to any registered copyrighted work. Avoid purchasing any similar work of an author, otherwise, you may end up paying a penalty for your NFT craze.

How to sell an NFT

When you have made your account on the OpenSea marketplace, then go to the “Profile” icon, and then browse your NFT collection. Select the file that you want to sell and tap on the “Sell” button available on the top right-hand corner of the page.

Once you have landed on the listing page, you will be asked to determine how you would like to sell your NFT. Here, you have to make the decision regarding the price of your art, mode of auction, sale duration, and what kind of purchaser you would like to prefer. OpenSea gives its users to sell their NFTs through two types of auction: ‘Fixed Price’ and ‘Timed Auction’. In the ‘Fixed Price’ format, you can sell your NFT at a fixed price right away. Here, buyers can buy your NFTs right away, without bidding or waiting. You can sell your artwork at a fixed price without having to wait for a listing to expire.

However, in the ‘Timed Auction’ format, you don’t have an auctioneer who calls the bids; instead, there is a bidding window during which the highest bidder wins. Each lot is available for bidding for a set period. With the expiry of this period, the bidder with the highest bid wins the lot, assuming the bid is more than the reserve price.

Next, you have to select how long your item will be available for sale. The default options are one day, three days, or one week, but you can use the calendar to select any duration you want. Finally, you have the option to sell your NFT as a bundle or reserve it for a specific buyer.

If you are selling an NFT for the first time on OpenSea, you must complete two one-time transactions: To set up your wallet so that you can make sell orders, and to grant OpenSea access to your item or collection in the event of a sale. These transaction fees will only have to be paid once. After those steps, you will see a popup on your screen, requiring you to approve a signature request in order to finalize your NFT listing. Finalize your listing, then you are ready to make money from your work.

Highest Sold NFTs

NFT that was sold for $69.3 Million

The increasing popularity of NFTs is easily discernable from the number of bids they are receiving at the marketplace. The year 2021 has seen a tremendous increase in awareness regarding NFTs. Let’s take a look at some of the most expensive and popular types of digital art and collectibles that have ever been sold as an NFT.

The tag for the highest sold NFT for the year goes to the artwork of Mike Winkelmann, Everyday: The First 5000 Days, which has been sold for a whopping amount of $69.3 Million. The most expensive NFT comprises a collage of 5,000 of Beeple’s earlier artworks, which he has created every day during the last 5,000 days.

The inspiration for Mike to start this project came from the British artist Tom Judd. The artwork is made up of images that are arranged chronologically, with some of them being hand-drawn. Similarly, another highly expensive NFT on this list includes CryptoPunk #7523 which has been sold for an amount of $11.8 Million.

A peculiar feature of this NFT is that it wears a face mask, which gives it a sense of importance during COVID-19. Furthermore, it is the work of a group of 9 Alien CryptoPunks. The face mask brings the element of exclusivity to this NFT as this is the only face where you would find Alien Punk with a mask.

CryptoPunk NFT sold for $7.56 Million

In case you are unaware of the CryptoPunks, you will be surprised to know that there are about 10,000 unique CryptoPunks (6,039 male and 3,840 female), each of which is rare in its way, making them some of the most expensive NFTs. These pieces of art are inspired by the culture and scenes of London Punk.

CryptoPunk #7804 is another name in the list of highly expensive NFTs sold last year. Bought for $7.56 million, Dylan Field, the CEO of design software Figma, was the driving force behind the sale of this NFT. This NFT is available with three accessories: a pipe, a forward cap, and shades.

CryptoPunk #3100 is another CryptoPunk on the list of most expensive NFTs. Sold for a massive figure of $7.51 million, this NFT features one of the rarest CryptoPunks that wears a headband. Apart from these NFTs, the year 2021 has also seen many NFTs based on some social message.

For instance, Save Thousands of Lives, an NFT artwork, was bought by a programmer Paul Graham for a huge amount of $5.1 million or 1,337 ETH. The objective of this sale was to raise funds for Noora Health’s work of teaching new mothers how to care for their children after they leave hospitals.

Another interesting NFT that was sold for a big figure includes the World Wide Web Source Code, which was bought for an amount of $5.4 Million. Overall, NFTs have changed our way of looking at art. The day is not far when an NFT could be sold for a billion dollars.

Conclusion

NFTs have provided immense benefits to the creative community. Now, artists, musicians, have other content creators are having a new source of income where they could make the money out of their artworks. NFTs are also an innovative way for investors to invest their money in creative work.

Finally, it could be easily remarked that this is an excellent time to start getting involved in the business of NFTs. Even without having any knowledge about how to make creative artworks, you could get your NFTs collection with the help of free software, Adobe, freelancers, or even artificial intelligence (Ai) technology.

You can choose eToro platform to buy & even stake Ethereum to earn passive income.