NFT Digital Art - A Guide to the Latest Trends in the Art Industry
Photo by Pascal Bernardon on Unsplash
NFT or Non-Fungible Tokens are considered mandatory by experts since the recent boom. NFT continues to help artists make millions for their work. Digital art is worthless in the internet age because anyone can download images, video clips, or audio without paying loyalty to the creator. However, that is gradually changing with the digital art of NFT.
What is NFT?
NFTs are unique crypto assets that are not interchangeable. For example, if a $1 bill is replaced with another $1 bill, the value remains intact. NFT, on the other hand, is unique. Each NFT has a new shape, size, and pattern that gives it a different character. This helps verify token ownership.
NFT is part of the Ethereum blockchain and is traceable. It can be anything in digital form, such as music, paintings, or videos. So, unlike crypto tokens, anyone can create an NFT. And there is no limit to the number of tokens in circulation.
What is NFT?
NFTs are unique crypto assets that are not interchangeable. For example, if a $1 bill is replaced with another $1 bill, the value remains intact. NFT, on the other hand, is unique. Each NFT has a new shape, size, and pattern that gives it a different character. This helps verify token ownership.
NFT is part of the Ethereum blockchain and is traceable. It can be anything in digital form, such as music, paintings, or videos. So, unlike crypto tokens, anyone can create an NFT. And there is no limit to the number of tokens in circulation.
How to Create Digital Art?
You don't have to be a genius to create digital art. All you need are design skills and creativity. After that, follow this four-step process to protect your artwork with NFT.
- Choose Blockchain
While some blockchains have started to understand the concept of NFT, let's make one of them Ethereum because it has a solid foundation for the technology. However, before you start, keep in mind that the NFT marketplace is blockchain-based and can only be traded on forums that support certain blockchains. For example, Ethereum-based NFTs can only be traded on forums that support Ethereum transactions. Here's a Scanteam infographic for those who want to know the basics of crypto.
- Get an ERC-721 Compatible Wallet/Wallet
ERC-721 is an open standard that describes how to create a unique token on Ethereum. There are several ERC-721 compatible wallets that you can choose from.
- Add Ether Coin
Add Ether coins to your wallet. You can buy them on any crypto exchange using a debit/credit card, wire transfer, or other payment modes.
- Turn Your Art Into NFT
Open a platform that supports NFT, connect your wallet to the exchange, and upload the artwork you want to convert. Add a name and description, and you're ready to sell it for ERC-20 tokens. Then what are the benefits of NFT?
Benefits of Using NFT
There are three main benefits of using NFT digital art, namely:
There are three main benefits of using NFT digital art, namely:
- Claiming ownership of original content
- Changing artists for their time, energy, and creativity
- Streamlining the art buying process
Experts agree that the NFT craze is a positive and hidden one for artists. Without NFT, digital art is freely distributed, and artists are not compensated or recognized for their work. The NFT trend is a great opportunity for artists in digital to leverage and gain value on their work.
Owning Digital Art
Prior to NFT, digital artwork was distributed free of charge, and there was no way to assume concrete ownership of a file. NFT gives artists the authority to rent out their creations, display them, or sell their content to anyone who wants it. And because NFT is traceable, the artwork you create, sell, or buy can be traced back to you.
