4 steps for artists to make their own NFT (infographic)
WTF is an NFT
The NFT is the new buzz in the crypto world. in our post, WTF is an NFT we cover what exactly they are and what the future of content creating looks like because of them. In this follow-up infographic, we cover the 4 steps it takes to create and sell your own non-fungible tokens. Below the graphic is a downloadable link for the steps.
More NFT Help
For those who are more visual learners, here is a video link that shows step by step how to make an NFT. (it is not geared toward music professionals but still effective.)
Platform for Music Pros
As stated before in the graphic above there is a platform made for musicians, producers, DJs, and other music professionals. The Musician Marketplace is a great option for artists with crypto wallets who want to make NFTs and their subscription is only $30 a year. Be sure to check them out!
Best Ethereum Crypto Wallets
For those who do not already have a crypto wallet that can hold Ethereum crypto (where have you been?) here is a link to some of the top-rated Crypto wallets available.
Realistic expectations
Though you have the steps to make your own NFT, we want you to have realistic expectations before you invest your hard-earned money. Firstly, unless you are a celebrity or a high-profile individual, you will likely not make a ton of money right away. Frankly, you probably won’t sell anything right now. Even though some people are making BANK from these tokens it’s only a small percentage. The average seller is making less than $200 a sell right now and that’s still probably way higher than what the average joe earns.
The Future is Bright
This is no “get rich quick” scenario. With that being said, independent artists are positioned uniquely to benefit from NFTs. An artist with an eye to the future can NFT; behind the scenes studio sessions, video shoots, songs, etc before they reach mass audiences or acquire a cult following. Imagine what an NFT of xxxtentacion in the studio, prior to his fame, would be worth right now. The future is bright and the earning potential is there. Be creative and keep an eye toward the future.
When we talk about scarcity, we mean that the owner gets to decide the scarcity of their assets. For example, if we take an example of a ticket to any sporting event or a concert, then there the owner decides how many tickets to be sold. Same way in NFT, the creator can decide how many replicas should be there. So these replicas are there with a slight difference to each one of them. In another example, the owner can create NFT token only one, making it a special rare collectible. In any case, each of the NFT will have its own unique identity, such as a bar code on every cloth or ticket that looks similar to each other but is uniquely different.
Makes sense. Thank you for clarifying that for us!