Résumé

Non-fungible tokens (NFTs) can be used to digitally represent almost anything, including videos, event tickets, and virtual real estate. Yet perhaps the most important NFT use case is digital art. Many marketplaces allow aspiring digital artists to sell their work, helping more people become interested in becoming NFT artists. Below are some tips on how you can digitize and monetize your artwork to become an NFT artist on platforms like Binance's NFT Marketplace.

Introduction

NFTs are a unique class of digital assets that can represent digital or real items. Each NFT has a unique token ID, which makes it easily recognizable. Unlike Bitcoin and other fungible assets, NFTs are not fungible, meaning they are not interchangeable with each other.

With the unique features of NFTs, artists can benefit when creating and selling their works as NFTs. In addition to being able to easily establish proof of ownership and authenticity, NFTs make it easier for artists to earn royalties, without the need for an agency or manager.

What is NFT art?

In short, NFT art refers to any work of art created as a digital token on a blockchain network. These tokens are called non-fungible tokens or NFTs. NFTs are generally created using smart contracts that meet specific standards. One of the most popular standards is Ethereum's ERC-721, which requires all tokens to have unique token IDs to ensure non-fungibility.

Due to their non-fungible nature, NFTs can represent ownership and create financial value for digital works. In a world that has seen fake art scandals shock entire nations, NFT art can help artists who are afraid of falling victim to fakes. Using blockchain technology, artists can easily prove that they are the creator of a work of art.

Among the different types of NFTs present in the cryptocurrency market today, perhaps the most common is NFT art. You may have heard of a famous NFT artist, Beeple, who made waves with his NFT art sale that earned him $69 million. Grimes, another artist, reportedly sold $6 million worth of digital art as NFTs. Indeed, NFT artworks can be sold for millions during NFT auctions, similar to those held for traditional art sales.

Why do people become NFT artists?

Because NFT art is digital, exhibitions are no longer limited to physical spaces like museums and art galleries, allowing artists to show their creations anywhere in the world. This can allow artists' work to transcend geographical boundaries and achieve global recognition.

Besides delving into a new format of modern art, another important reason to create NFT artworks is that you can easily verify their authenticity. Thanks to the unique identifier of each NFT artwork and the immutability of the blockchain, the ownership and authenticity of each NFT artwork can be preserved.

NFT artists also rejoice in knowing that their works can be exhibited and sold without going through third parties, which allows them to avoid intermediary fees which can often impact their income.

Some platforms like the Binance NFT marketplace allow artists to earn passive income through royalties. This means that NFT creators can earn a percentage of each NFT sale, even when it occurs between secondary market users.

Finally, the beauty of the NFT art scene is that anyone can create and sell their artwork. Unlike traditional art galleries, many NFT marketplaces are open to everyone. This environment gives budding artists the opportunity to be independent and make a living from their passion.

Disadvantages of being an NFT artist

Although their popularity has increased, NFTs are still not considered a mainstream art form. As we are still in the early days of NFTs, established NFT artists may not be able to find passionate buyers as quickly as in the conventional market via art galleries.

Additionally, because anyone can be an NFT creator, the marketplace where you intend to sell your artwork may be saturated compared to exclusive art galleries where artwork is hand-picked. You may need to build your fan base and create value behind your works to increase your chances of success as an NFT artist. Read our blog How to Become a Creator in the Web3 Space for more tips on marketing your NFT creations.

How to be an NFT artist

Getting started on your NFT art adventure is easy:

Step 1: Start creating artwork. You will find inspiration in other NFT art collections.

Step 2: Go to a platform like the Binance NFT Marketplace and upload your digital art to the blockchain.

Step 3: You are ready to sell your NFT artwork.

The issuance and sale of NFT artworks on the Binance NFT Marketplace

Verified users can create an NFT or NFT collection on the Binance Marketplace through a process called issuance. Note that you need at least two followers on your Binance NFT user profile before you can start minting NFTs.

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

Step 2: Enter the details of your new collection. This includes the collection name, a brief description, a logo and banner image, and a symbol. You can also choose to link a wallet to your work to prove ownership on NFT marketplaces.

Step 3: Read and accept the Binance NFT Issuance Rules and Terms of Service and click [Create].

For more information, please see the Binance NFT Sales Settlement Deferral Policy for Standard NFT Collections.

Step 4: You will receive an email notification once your collection is ready.

Step 5: To view your NFT art collection, go to [User Center] - [Created]. You can also modify certain details of your collection there.

For a more detailed guide or video tutorial, check out the FAQ on creating your NFT on the Binance NFT Marketplace.

To conclude

If you are thinking about monetizing your art, consider converting your works into NFTs. Not only is this easy to do with the Binance Marketplace, but it also gives you the opportunity to enter the NFT art scene, even if you are not yet an established artist.

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