When it comes to making money, NFT artists hacked the game! Basically, the original artist of the NFT can sell his artwork for a lot of money to the right person. It doesn’t end there! They can also still earn royalties from secondary market sales after a buyer/investor resells the NFT to another person.
That being said, becoming an NFT artist is not as easy as that sounds… The game requires consistency and passion. And there are some hidden details you MUST take into consideration!
The following tips are pure gold to make you stand out in a sea of competition! Let’s jump right in.
NFT Artists Target The Right Marketplace
For NFT artists, marketplaces are indeed abundant. From Blur and OpenSea to Rarible and Magic Eden, the options are endless. And without a doubt, Opensea offers the broadest collection of NFT collectibles (NFT art, trading cards, gaming items, etc.) among all marketplaces. And any NFT artist can gain access to the platform to sell their work.
However, if you have your own criteria for choosing a selling platform, and targeting the largest possible audience isn’t on top of that list, you can check out some of the other platforms! It depends on personal preference really…
For example, if your goal is to score the largest sale possible, you can check out the average sale price and quantity on each of the aforementioned platforms. Choose wisely!
Use a TestNet First!
It’s always a good idea to run a test trial before going in blindly! Some NFT marketplaces like Rarible or OpenSea allow NFT artists to experiment with TestNets before minting their work.
TestNet (Noun) is an instance of a blockchain that is powered by the same or a newer version of the underlying software. In detail, TestNets are identical to the software behind cryptocurrencies. Sellers, buyers, developers, and others generally use them for conducting experiments without risk to real funds or the main chain.
Moreover, they do that without disrupting or disturbing the main chain aka the mainnet. By utilizing TestNets, NFT artists can avoid making any mistakes and get a better understanding of the process.
Choose The Correct Time To Mint Your NFTs
In detail, gas fees pay for the computational mining power required to process transactions on the Ethereum blockchain.
Basically, you should mint your NFTs when the gas fees are at their lowest! And these fees fluctuate based on network traffic.
What does that mean? If the network is crowded, gas fees increase.
So, how do you avoid the blockchain rush hour? Try minting at the specific times when people are less likely to be active in the market (Ex: 9 P.M. – 12 P.M.).
Feel free to monitor real-time gas fee data on Etherscan to assess traffic based on your local time zone.
Use Social Media To Gain Exposure
Half the battle in the NFT Art world is gaining the proper exposure. Undoubtedly, social media can be an extremely useful tool for up-and-rising NFT artists IF used correctly!
Understanding how to market and present your work is the key to building your reputation among potential buyers. Note that if you can’t reach the proper audience, you won’t be able to get anywhere!
This is regardless if you’re the most talented artist to ever exist and with the most intriguing NFT art! So, my advice to you is to either hire a social media specialist or be your own if you can take on the extra role.
Networking & Connecting With Fellow NFT Artists
All industries are built on networking. To put it simply, if you can’t secure connections with other professionals then you are already 10 steps behind!
Networking with others in the NFT industry can SURELY set you up for success. And note that it can be super beneficial to both the NFT artist and the NFT collector.
It provides them both with a better reputation, increases their visibility to one another, builds a support network, and improves business growth.
So, are you ready to venture into the world of NFT art?