What is NFT Crypto Artwork
Well, this is the new hot thing in cryptocurrency called NFT or Non-fungible tokens, they are used right now mostly for artwork and collectables. Celebrity artists started creating their artworks as NFTs and we will explain how you can do the same or if you want to invest in crypto art, how to buy nfts.
If you are familiar with cryptocurrency, NFT Art is very similar to buying crypto coins, once you buy it you own the coin, in this case, the art is stored in the blockchain itself. If you are wondering what is the highest sold NFT check our post.
What is NFT
NFTs (Non-Fungible Tokens) are digital assets like pictures, art, music, text and more, read more in our detailed guide on what is NFT. Right now only ethereum and zil support NFT but more cryptocurrencies like dot or ada are soon to implement NFTs.
Where to Buy NFT Art
When it comes to buying Crypto Art there are many very popular NFT Marketplaces, there you can buy not only art but collectables, games, digital assets and more. Some other more niche collectables like cards can be found on sites that sell more specific items.
How to invest in NFT Art
The easiest way is simply to buy artworks or collectables and to wait for their price to increase over time. You need to be very careful when buying crypto art. There are a lot of scammers and there is no guarantee that the price will increase over time. It is more likely that the price will drop.
The better way to invest in Crypto Art is by investing in the technology, right now all NFTs are based on ethereum and if you invest in ethereum you are indirectly investing in NFT Art.
How to Sell NFT Art
The easiest way to sell and create NFT art is by using a marketplace, you don’t need to have programming skills or any other skill for creating and selling crypto art. Right now the fees are very high for creating any nft, it should be lowered once the new update comes out for ethereum. Here is a quick guide on how to sell crypto nft.
First you need to have ethereum and the best place to buy it is here.
After that you need to create a wallet where you will keep your ethereum and your nft tokens, our suggestion is to create a metamask wallet.
Once you have everthing above go to https://rarible.com/ and click connect wallet in the top right corner, connect it with your metamask wallet.
Once everything is connected and you have eth click on the top right create and select single or multiple.
Upload your file max is 30mb and select your price.
The cool part is you can set royalties for example if you place 10% each time the picture is sold you get 10%. You can enter properties for the picture too.
Once everything is finished click create and voila you have created your NFT Art.
Conclusion on NFT Crypto Art Selling
In this guide, we have selected the easier method of creating nft art by simply using blockchain marketplace. There is another method where you write your own code to create NFT, but it is very complex and the only upside is that it is more secure than keeping your art in one marketplace.
Right now because the eth gas price is very high the fees for creating nfts are very high, once that is fixed it will be much cheaper.