NFT sales average about $1.8 billion each month. That’s based both on the value of cryptocurrency and the number of NFTs sold.
NFTs are non-fungible tokens, which let collectors own digital properties. They’re protected by blockchains and that allows owners to prove ownership and NFTs can gain value like other investments and collectibles.
For artists, minting an NFT gives them more ways to control and sell their work. If you’re wondering how to mint an NFT and make money online, you’re in the right place.
Read this guide to learn how to mint an NFT.
Explore NFT Concepts
There are different types of NFTs to consider minting. Art such as photography and illustrations are popular forms of NFTs to sell.
Influencers sell tweets as an NFT. Twitter’s founder Jack Dorsey sold his first tweet. If you’re not an influencer or well-known name, you could sell a viral tweet as an NFT.
Brands such as Louis Vuitton started to sell NFT video games. This is ideal for game developers because you can partner with a large brand or develop the game on your own.
Other types of NFTs on the market include memes, virtual furniture, and self-destructing NFTs. You’ll want to research these ideas and see what you want to sell.
Research the Market
Your NFT has to resonate with the market. If it doesn’t, no one will buy it. The NFT needs to be something that people want, are willing to pay for it, and will grow in value over time.
It’s like researching any other type of investment. Does your NFT project have a large community to support it? Are there famous names attached to the project?
Research similar projects to yours and find out if they sold and if the value increased or decreased. The best NFTs increased in value.
You can look at sites like upcomingnft.net and more blogs here to learn about the NFT market.
Choose an NFT Platform
You don’t need to be a programming expert to mint an NFT. You just need to choose a platform.
There are a growing number of NFT platforms that are perfect for beginners. OpenSea, Objkt.com, and Rarible are a few examples.
Compare platforms based on the blockchain used, the fees to sell NFTs, and the compatibility of NFT wallets. Think of the file size and types accepted so your NFT fits within those guidelines.
Create Your Concept
Now comes the easy part. You create your NFT using Photoshop or any other tool you choose.
Don’t invest in a ton of technology and tools before you sell your first NFT. Work with tools you already have and invest in more tech as you learn and grow.
The final step is to upload the NFT and list it for sale. Market the NFT and make it a must-have item.
Minting an NFT for Profit
Can you make money minting an NFT? It’s possible, but there are no guarantees you’ll become an overnight success. You do need to know your market and make sure your concept will sell.
Follow those steps, and you’ll sell all types of NFTs. Now that you know about minting NFTs, head over to the home page of the blog for the latest news and tips.