NFTs For Designers: How to Create & Launch Your First NFT Design

1. NFTs For Designers: How to Create & Launch Your First NFT

2. Introduction of NFT • NFT (Non-Fungible Tokens) are in the form of digital assets that amount to the ownership of specific items, that include digital art, in-game accessories, music and real-world assets that are identical to land and property.  Digital art may be defined as an artistic activity or work that incorporates digital technology into the creation or production process, or as computerised art that employs and interacts with digital media. • Digital Art is a new arena that is blooming now. Due to the demand and dependency on the virtual world in this generation, Digital Art is gaining a lot of interest. With the augment of Digital India the change in traditional currencies has led to digital i.e. cryptocurrencies which are mainly traded on decentralised exchanges.

3. What is NFTs Design? NFT authorises people to store and participate in the digital economy in a new way. Brands from FMCG to apparel are scouting digital creators to use their art and design to leverage their brand without looking like a hard sell.  With the new wave of social media marketing, Social Media accounts have turned into ad and branding spaces for brands. NFTs are created, like cryptocurrencies such as Bitcoin and Ethereum, with block chain technologies. Each block chain provides the asset with rarity and value and prevents replication by providing a public record of ownership.

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5. Steps to Become a Master of NFT Designer • Thus making it possible for the digital art (JPG, GIF, PNG) or a sound recording and other collectables to be owned and traded in a way that is similar to the physical world. There are numerous benefits of NFTs, NFTs are unique and collectable, Resalable, Easy to authenticate and Verify etc. Here is the systematic guide to getting started with creating your NFT: 1. Decide on a concept – Research and decide on your concept before starting the process. Major options include pixel art, cartoons, 3D characters, realistic art, freestyle pieces and vector art. If you want to create a 3D model, you will need to use the marketplace that supports 3D files. 2. Choose your block chain – Choose block chain technology for creating and developing your NFT. Block chains are used to create cryptocurrencies that are  incorruptible and can be distributed across a wide range of networks. Computers on each network verify all the data recorded in a block chain. This makes the technology transparent and secure to use. • Some of the NFT – development block chain platforms are – Bitcoin, Ethereum, Tezos, Polkadot, etc.

6. 3. Set up a digital wallet – A digital wallet is like a bank account for cryptocurrency that stores your public and private keys. Two types of accounts to consider are: •Self-custody wallets – safest account types, as users have complete control over private keys. •Custodial wallets – operate through a third party. 4. Select the right NFT marketplace for you – A place where you can create, sell or issue your NFTs. There are certain token standards used by the platform, its verification process by users, price discovery feature, token rationalisation, wallet compatibility and other features. Some of the common marketplaces are Raribke, OpenSea, Mintable, etc 6.Upload and mint your art token – • Once you have selected a platform, you will need to mint your art token. This will create a unique digital asset to trade in the open market. When you mint, you have to pay a fee called “gas.” This gas is used to pay the miners who process and confirm your transaction.

7. 6. Promote your NFT – Steps to create NFTs are – •Create a website •Use Social Media •Start a blog •Join Discord servers •Collaborate with others •Write a Press release •Hold an auction 7. Price the token and list it for sale – • Once you have minted the art token, it is time to price it and list it for sale. Between listing and commission fees, gas fees and other costs, it could cost about $250 to create and list your NFT. • India has been investing heavily in Artificial Intelligence and Digital revolution. Its advance in the field of art will be worth observing considering the huge talent that the country possess. With streamlined efforts aimed at making technology easy to attain, Digital Art will be a big boon to India.

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