Anyone can make and sell NFT artwork on the NFT marketplace. NFTs offer brands/designers a way to sell their work that can be monetized and traced over time. In the last several months alone, major brands such as Coca-Cola, Procter & Gamble, Asics, Nike have launched NFTs to engage with their audiences and market their products. Now Entrepreneurs, artists, designers, and more are all trying to find their way into the space.
First, you need to register on the NFT marketplace. Once registered, the next step involves linking your account to an Ethereum wallet that will be used to hold the NFT. The wallet also keeps the cryptocurrency you made from the sale. At this stage, it is important to note that you will need to pump in some cold hard cash to start selling your own NFT.
After setting up the wallet, you upload the file containing the digital art to a decentralized storage service called Interplanetary File System (IPFS). You then have to mint a token mapped to that file to generate a unique cryptographic signature that would live on the blockchain, essentially marking the file you uploaded as the real one.
The last step is listing your new NFT for sale. Don’t forget to set the minimum acceptable price and the duration of the auction. This price should be set on royalties, so you can continue to earn on future sales.
Take the necessary precautions to secure your wallet. Lost NFTs cannot be recovered, and if your wallet is hacked they cannot be retrieved.
