How to create and sell a unique NFT object
With the advent of cryptocurrencies and advanced image processing programs, there was also an opportunity to earn on the skills of creating digital art as tokens. It will be about how to make a unique NFT object and make money on it.
What is NFT?
NFTs are objects of art, often photographs, that are sold for tokens. NFT positions itself as separate parts of something unique, while each part of it cannot be replaced. If you look globally, then in fact NFT pixels in the image, which are of great value only by collecting a lot of such NFT tokens.
Objects of sale
Often, the objects of sale are photographs, which may not be the object of admiration of millions, but at the same time be a self-sufficient and unique object. In addition to drawings and photographs, NFT objects can include a video sequence or part of it (frame), game value in video games and everything that can be regarded as art.
Supply and demand
Many on the Internet are wondering why NFT items are so popular, and the price is rising almost daily. The answer lies in the method of creating the item and the currency of payment. We are talking about digital coins. Digital coins are used daily to pay for various valuables - from stocks to buying an apartment. This payment method allows you to achieve both an increased level of personal data protection and helps to speed up transactions. NFT items here act as an intermediary. To simplify it, NFT is an action that is based on both "hype" and blockchain principles.
Necessary tools
To create an object for sale, you must first decide on the format of the object, the concept and the final option. In addition to the basic elements — the workstation (computer, tablet, etc.), you need to take care of the software. We are not talking about complex programming languages, but about a banal image and video editor.
From canvas to a full-fledged product
Each NFT object has not only its own unique feature, but also a digital signature. When a photo (or any other object of sale) is transformed into an NFT, a digital seal is put on it.
Creating an NFT from a digital item is quite simple. The process of creating them is called knocking out. NFTs are minted in the same way as coins are created and put into circulation. In fact, the transformation of a digital object into an NFT resembles coinage, where NFT exchanges act as a mint.
Trading platform
NFT exchanges are trading platforms where files are converted, bought and sold. An important aspect in making money on NFT is choosing a good platform.
A good platform is one that supports many different file formats, works with most crypto wallets (at least with Ethereum support), gives complete anonymity and file preservation protection.
Types of NFT Trading Platforms
Each trading platform has its pros and cons, so before putting an object up for sale, it is worth knowing about their features. All NFT platforms can be divided into three types:
• Clean
• Curatorial
• Auction
The clean type, sometimes called "self-service", is the simplest type of site. In them, everyone, after a simple registration, can convert the product into a lot and put it on sale. It is worth noting that such sites have high competitiveness and a poor level of uniqueness.
The curated type of trading platform is a more premium system for selling NFT. Registration on the site is much more difficult – the site administrator requests, in addition to the standard form, also the types of items offered for sale, as well as experience in creating them. It is worth noting that each work is moderated by a curator before being sold.
The auction type, as the name implies, works on the principle of an auction. It has all the features of curated sites, and also has an increased anonymity system and sales level. It is worth noting that auctions are held according to the system of two houses:
• According to the system of the English auction house
• According to the system of the Dutch auction house
Auction trading platforms take place not only online, but also offline. There is always room for balancing – you can set the initial and final amount, so do not worry too much about the low cost of the sale.
Attraction
NFT is mostly based on "hype", therefore, in order to maximize profit, the seller must promote his object in various networks. This rule especially applies to sites such as twitter, telegram and trader forums.
I wish you happiness and financial benefits :)
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