What is NFT?
NFTs are non-fungible tokens. The adjective “irreplaceable” is often used in economics to refer to characteristics such as singularity and immutability. In the cryptographic space, irreplaceability simply means that one element cannot be replaced by another.
A “token” as an account entity is essentially a certificate of validity stored on a decentralized blockchain, making digital assets traceable and accessible to all. As a result, NFTs are a unique virtual currency that can fall into almost any category and usually take the form of paintings, videos, music, video game collectibles, or any other type of creative digital production.
Since there was a boom in NFT in early 2021, everyone is now buying and selling these tokens around the world. But how does one turn real art into NFTs and how can they sell them? It’s complicated? Is encryption required to create an NFT?
In short, the steps are very simple. To understand the basic procedure and its functions, read this quick guide below.
What is the art of coding?
Art is the most common use case for NFTs, and it is no surprise that cryptographic art in the form of NFTs has been growing in popularity in recent times. The fact that the new blockchain technology creates the conditions that now allow artists to make tens of millions of dollars on their digital paintings has attracted many designers who previously only dreamed of this level of simplicity and accessibility.
Exciting high-profile NFT auctions related to digital art have received great public interest. The most expensive sales made headlines when they earned millions. In 2022, the most expensive $ 91.8 million NFT was “The Confluence” by pseudonymous digital artist Buck.
In 2021, the collection Everydays: First 5000 Days NFT by artist Mike Winkelman alias Beeple had another big auction, selling for $ 69.3 million.
Crypto art is associated with unique works of art created by famous artists and auctioned in markets that include not only popular NFT platforms, but also traditional auction houses such as Sotheby’s and Christie’s. However, much of the art of cryptography is created by unknown talented newcomers.
However, some NFT groups, including the groundbreaking group called CryptoPunks or more recently the more famous Bored Ape Yacht Club, are examples of generative art. This technical model is usually created using different offline systems. The images in these popular collections are created by grouping a bunch of simple image components into different groups.
Related: How do you estimate the value of an NFT?
How to convert your art to NFT?
If you’re already wondering if you should convert your art to NFT, the answer is clear: “Yes, why not try it”. The NFT creation process is neither complicated, expensive nor technical. All it takes is a combination of creative skills and a personal computer.
Once again, it is worth noting that NFTs can probably not only convert images, but also songs, videos, GIFs and other digital objects. Therefore, you must first choose the technical area that is best for you. Based on this, you will understand the skill set you need to become a true NFT creator.
For example, as a graphic designer, you need to use graphic editing tools like Adobe Illustrator, Adobe Photoshop, MS Paint, CorelDraw and the like. You can also try alternative methods such as 3D modeling, which are notoriously more difficult for beginners. If you choose 3D animation, you will need to use 3D modeling tools such as Blender or Cinema 4D to design graphics and animated characters, which will then be converted to NFT.
Then you need to come up with a unique idea for your individual business, or perhaps an entire group, and think about what content it will eventually become.
Is coding required for NFT?
Creating NFT from digital art is very easy without coding. The process of making it is called minting. Basically, the action is to publish a unique token copy on the blockchain. Non-cash money is minted when it is created, in the same way that coins are made and put into circulation.
After this procedure, a certain piece of digital art becomes safe and tamper-proof, as well as difficult to tamper with. Since this digital item has become an NFT, it can now be purchased, sold and tracked digitally when resold or otherwise.