How to be an NFT Artist: Getting Started with Binance NFT Marketplace

summary

Non-fungible tokens (NFT) can be used to digitally represent almost anything, including videos, event tickets and virtual real estate. Yet perhaps the most important NFT use case is digital art. Many markets allow budding digital artists to sell their work, helping to attract more people interested in becoming NFT artists. Below are some tips on how to digitize and monetize your artwork to become an NFT artist on platforms like Binance’s NFT Marketplace.

introduction

NFTs are a unique class of digital assets that can represent digital or real objects. Each NFT has a unique token ID, which makes it easily recognizable. Unlike Bitcoin and other fungible assets, NFTs are non-fungible, which means they are not interchangeable with each other.

Thanks to the unique features of NFTs, artists can take advantage of them when creating and selling their works as NFTs. In addition to being able to easily establish proof of ownership and authenticity, NFTs make it easier for artists to earn royalties, without the need for an agency or manager.

What is NFT-art?

In short, NFT art refers to any work of art created as a digital token on a blockchain network. These tokens are called non-fungible tokens or NFT. NFTs are typically created using smart contracts that adhere to specific standards. One of the most popular standards is Ethereum’s ERC-721, which requires all tokens to have unique token IDs to ensure non-fungibility.

Due to their non-fungible nature, NFTs can represent ownership and create financial value for digital works. In a world that has seen fake art scandals shock entire nations, NFT art can help artists who fear becoming victims of fakes. Thanks to blockchain technology, artists can easily prove that they are the creators of a work of art.

Of the different types of NFTs found in the cryptocurrency market today, perhaps the most common is NFT art. You may have heard of a famous NFT artist, Beeple, who caused a sensation with his $ 69 million NFT artwork sale. Grimes, another artist, would be sold for $ 6 million worth of digital art in the form of an NFT. In fact, NFT artworks can sell millions during NFT auctions, similar to those held for traditional art sales.

Why do people become NFT artists?

Since NFT art is digital, exhibits are no longer limited to physical spaces such as museums and art galleries, allowing artists to showcase their creations anywhere in the world. This can allow artists’ work to cross geographic boundaries and gain global recognition.

In addition to delving into a new format of modern art, another important reason for creating NFT artwork is that you can easily verify its authenticity. Thanks to the unique identifier of each NFT artwork and alimmutability of the blockchain, it is possible to maintain the ownership and authenticity of each NFT artwork.

NFT artists also rejoice in knowing that their works can be exhibited and sold without going through a third party, which allows them to avoid the brokerage fees that can often affect their income.

Some platforms such as the Binance NFT marketplace allow artists to earn passive income through royalties. This means that NFT creators can earn a percentage on every NFT sale, even when it occurs between secondary market users.

Finally, the beauty of the NFT art scene is that anyone can create and sell their own artwork. Unlike traditional art galleries, many NFT markets are open to everyone. This environment offers budding artists the opportunity to be independent and live off their passion.

Disadvantages of being an NFT artist

Although their popularity has grown, NFTs are not yet considered a traditional art form. As we are still in the infancy of NFTs, established NFT artists may not be able to find passionate buyers as quickly as in the conventional market via art galleries.

Also, since anyone can be an NFT creator, the market in which you intend to sell your artwork may be saturated with exclusive art galleries where artwork is handpicked. You may need to build your fan base and create value behind your works to increase your chances of success as an NFT artist. Read our blog How to become a creator in the web space3 for more tips on marketing your NFT creations.

Starting your NFT artistic adventure is easy:

Step 1: Start creating works of art. You will find inspiration in more NFT art collections.

2nd step: Log in to a platform like the Binance NFT Market and upload your digital art to the blockchain.

Step 3: you are ready to sell your NFT artwork.

Issuing and selling NFT artwork on the Binance NFT Marketplace

Verified users can create an NFT or NFT collection on Binance Marketplace through a process called issuance. Note that you need at least two subscribers on your Binance NFT user profile before you can start issuing NFTs.

Step 1: Log into your account on Binance NFT Market and click [Créer].

2nd step: enter the details of your new collection. This includes the collection name, a short description, a logo and banner image, and a symbol. You can also choose to link a portfolio to your work to demonstrate your ownership in NFT markets.

Step 3: Read and accept the Binance NFT Issue Rules and the Terms of use and click [Créer].

For more information, see the Binance NFT Sales Settlement Deferral Policy for Standard NFT Collections.

Step 4: You will be notified by email once your collection is ready.

Step 5: To view your NFT art collection, go to [Centre utilisateur] – [Créés]. You can also edit some details of your collection here.

For a more detailed guide or video tutorial, check out the Frequently asked questions about creating your NFT on Binance NFT Marketplace.

To conclude

If you are considering monetizing your art, consider convert your works into NFT. Not only is it easy to do with Binance Marketplace, but it also gives you the opportunity to enter the NFT art scene, even if you are not yet an established artist.

Risk warning: Digital asset prices are subject to market risk and high price volatility. The value of your investment can go down as well as up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not responsible for any losses you may suffer. Past performance is not a reliable indicator of future performance. You should only invest in products that you know and understand the associated risks. You should consider your investment experience, financial situation, investment objectives and risk tolerance and consult with an independent financial advisor before investing. This document is not to be considered financial advice. For more information, refer to our Terms of use it’s at risk warning.

Leave a Comment