Non-Fungible Tokens (NFTs) are pretty much one of the biggest revolutions in digital arts. Clearly, NFTs are here to stay, and the value of arts being sold daily is in millions. Artists and art collectors are at seventh heaven as they are showered with massive money for their good works.
Now, anyone in any corner of the world can appreciate and purchase an NFT, thanks to Blockchain technology. A good artist can sell his art with utmost ease with the concept of NFTs. We might as well see a revolution in arts similar to the one the world saw in the Renaissance era.
But remember the famous lines, ‘With great power comes great responsibilities’. With NFT creators and NFT entrepreneurs growing in numbers daily, the competition is getting tougher. To be a good NFT creator, you need to understand and explore the market efficiently. Here are a few thoughts which you need to be mindful of in the NFT world to be successful,
Be Aware Of Gas Fees
Gas fees is a variable amount. It changes from platform to platform you use. Also, the Gas fees is dependent on multiple factors. One of the major factors is when you mint your NFT.
(For Beginners, Gas Fees is the amount charged by platform owners to compensate for the computing power used to mint your NFT.)
Multiple platforms do not clearly elaborate about ‘Gas Fees’ because your shortage of knowledge in ‘Gas Fees’ can benefit them. There are NFT platforms that mentions they do not charge ‘Gas Fees’ for minting and then would compensate the same amount when you sell your NFT. Since ‘Gas Fees’ naturally will be changing regularly, choose how much fees you are ready to pay and when. Based on your preferences, choose your NFT platform.
Add Meaning To Your NFT Art
This is a key attribute to boost your market success. People look for stories and backstories of the NFT. People want to buy NFTs that have a compelling reason behind their creation.
So, when you decide to create an NFT, think of creating an NFT with a significant story behind the art. Talk about your story in the metadata as much as possible. The value of your NFT gets more valuable with the story.
For instance, if you have been in the NFT space for a few months already, you would have definitely heard about ‘CryptoKitties’. Their massive success is a heroic story to look at for any new NFT creator.
What is the prime reason for ‘CryptoKitties’ success? If you manage to analyze closely, it was not just the attractive kitties they created, but the fact that each of those kitties had a story and background associated with them.
Build A Following
Build a following for you and your art. The NFT world is vast and the number of creators is growing. To stay relevant and find an audience for your works, it is essential for you to build a following for you in social media.
Maintain an active NFT profile and post contents that will interest the NFT audience. Impactful promotion techniques can fetch you more returns for your NFT art. Famous NFT creator Andy Wood says that he has managed to sell more NFTs because of his marketing strategies. So, invest time in marketing NFTs.
Find The Best Place To Sell Your Art
As an NFT creator, you will be tempted to list and sell your artwork as soon as you create your art. Well, we advise you to spend some time analyzing all the available platforms before listing your art.
There are multiple marketplaces with a vast number of NFT collections. Each of the marketplaces will produce different results for different categories of NFTs which purely depends on their majority audience interests. So, understand the kind of NFT yours is and choose the marketplace which is famous for your NFT category.
Each platform has its own set of charges associated with it. You need to understand the differences between multiple marketplaces before choosing one.
Collaborate With NFT creators and influencers
Try and find similar NFT creators like you. Share their NFT works and ask them to share yours. In that way, both of you can be beneficial. The whole success of NFT relies on how this new medium of art grows as a community.
So, it is vital for NFT as the whole to grow as a community and we advise you to participate in this as this can help your NFTs become huge successes.
NFT arts are growing astronomically in terms of sales and creations in the last few months. If you are an NFT creator, there is no better time for your arts than today. So, make the best use of this booming (or should I say, already boomed) space and achieve great success as an artist. Read our blogs to know how to promote NFTs through Twitter.