Summary

Non-fungible tokens (NFTs) can represent almost anything digitally, including videos, event tickets, virtual real estate, and more. However, the most prominent use case for NFTs is digital art. With many marketplaces open to aspiring artists to list and sell their work, the number of people interested in becoming NFT artists is growing. To learn how to digitize and monetize your own art, and to become an NFT artist on platforms like the Binance NFT Marketplace, here are some of our tips.

Introduction

NFTs are a unique class of digital assets that can represent a variety of digital or physical items. Each NFT has a unique token ID that is easily identifiable. Unlike Bitcoin and other homogeneous assets, non-homogeneous NFTs cannot be exchanged with each other.

Thanks to the characteristics of NFT, artists can make profits by creating and selling NFT artworks. In addition to being able to easily establish proof of ownership and authenticity, artists can also easily earn NFT royalties without the intervention of an agency or broker.

What is NFT Art?

In short, NFT art refers to artworks in the form of digital tokens created in a blockchain network. These tokens are called "non-fungible tokens" or "NFTs". NFTs are usually created using smart contracts that meet specific standards. The most common standard is Ethereum's ERC-721. This standard stipulates that all tokens must have a unique token ID to ensure their non-fungible characteristics.

NFT has the characteristics of non-homogeneity, so it can represent the ownership of digital artworks and give them economic value. In real life, we often see scandals of art forgeries that have shocked the world. NFT art can protect artists from the pain of art forgeries. Through blockchain technology, artists can easily prove that they are the creators of specific artworks.

There are many types of NFTs in the cryptocurrency market today, and the most common one is NFT art. You may have heard of the famous NFT artist Beeple. His NFT artworks made a lot of money in the art world, making $69 million. It is reported that the multi-talented artist Grimes sold his digital works in the form of NFTs for $6 million. In fact, in NFT auctions similar to traditional artworks, NFT artworks can be sold for millions of dollars each.

Why do people want to become NFT artists?

NFT art is presented in digital form, and artists' creations are no longer limited to physical places such as museums and art galleries, but can be displayed in every corner of the world. In this way, artists' works can transcend geographical boundaries and gain worldwide recognition.

NFT artwork creation is a modern and innovative art form. Another important reason for choosing this method is that its authenticity can be easily verified. Each NFT artwork has a unique ID, and the blockchain is immutable, so the ownership and authenticity of all artworks are well preserved.

Another good news for NFT artists is that their artworks can be exhibited and sold without going through any third party, avoiding middlemen charging fees and infringing on their earnings from their works.

Binance NFT Market and others provide artists with a platform to earn passive income such as copyright fees. This means that NFT creators can get part of the revenue from every NFT sale, or even transactions between users in the secondary market.

Finally, the beauty of the NFT art world is that anyone can create and sell work. Unlike traditional art galleries, many NFT markets are inclusive. Such an environment gives emerging artists the opportunity to develop independently and encourages them to make a living from what they love.

The downsides of being an NFT artist

Despite their growing popularity, NFTs have yet to become a mainstream art form. The form is still in its early stages. Even established NFT artists have difficulty quickly finding the same loyal buyers as traditional buyers at art galleries.

In addition, compared to the carefully selected works of art by boutique art galleries, NFT creators are everywhere, and the market for self-created works of art can easily be saturated. To successfully become an NFT artist, you need to build a good fan base and give value to your own art. Please read our blog "How to become a creator in the Web3 field" for more practical information on self-marketing of NFT creation.

How to Become an NFT Artist

Easily start your NFT art journey:

Step 1: Start creating artwork. Creators can draw inspiration from other NFT art collections.

Step 2: Go to a platform such as Binance NFT Marketplace to upload your personal digital artwork to the blockchain.

Step 3: Everything is ready to start selling your own NFT artwork.

Mint and sell NFT artwork on the Binance NFT Marketplace

Verified users can create a single NFT or a series of NFTs through minting on the Binance Marketplace. Please note that the creator needs to have at least 2 followers in their Binance NFT profile before starting minting.

Step 1: Log in to your personal account on the Binance NFT Marketplace and click [Create].

Step 2: Enter the details of the new series, including the series name, brief description, logo, banner image, and symbol. Creators can also choose to bind their wallet and personal artwork to prove ownership of the work in the NFT market.

Step 3: Read and agree to the Binance NFT minting rules and terms of service, and click [Create].

For more information, please see Binance NFT Standard Series Sale Settlement Delay Policy.

Step 4: Once the minting is complete, the creator will receive an email notification.

Step 5: To view your NFT art collection, go to [User Center] - [Create]. You can also edit some details of the collection here.

For a detailed guide or video tutorial, visit the FAQ on how to create your own NFTs on the Binance NFT Marketplace.

Summarize

If you plan to make money with your artwork, you can consider converting your personal work into NFT. Not only can creators easily complete the conversion of their works on the Binance NFT market, but they also have the opportunity to go from obscurity to emerging in the NFT art world.

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