If you don’t know how to create an NFT, we are going to help you out, and this way you will be able to earn money by selling digital art. NFTs caused great interest in the digital world as it is a system that allows art to be sold on a blockchain marketplace. In February alone Christie’s listed its first “digital artwork“, which sold for $69 million. This brought the world’s attention to this technology.
Specifically, NFT is a computer representation unit that retains its value. Instead of being copied like any file, these units acquire a specific code that is verified on a blockchain.
Users on this chain verify its authenticity and it can be transmitted in a dynamic marketplace.
Blockchain has the characteristic of creating this “digital scarcity”. That is, it confers a unique value because the participants recognize this code and keep a record of the exchange. Therefore, it becomes the transfer of value between users.
How NFTs are created?
An NFT can be created through a Smart Contract between several parties by following a defined standard.
But it is also possible to create ‘native tokens’ without the need for a contract, by registering a code within a blockchain network, which stores the information of each transaction.
Where NFTs are stored?
Tokens, such as cryptocurrencies or NFTs are stored in wallets or digital wallets that keep track of the transaction codes.
How to create an NFT to earn money by selling digital art?
Platforms such as Avalanche not only store the codes of an NFT but also allows visualizing the work in different formats such as jpg or gif. These are the steps you should follow to create an NFT:
- Store the file in a distributed storage system. This system is known as IPFS and it stores files in a non-centralized way, which is shared between users from person to person (P2P). It is not centralized and can evade censorship mechanisms. A link to the file to be tokenized can be obtained from this platform.
- Create a wallet. Next, a digital wallet must be created in the Etherum or Avalanche network. The keys to enter the blockchain network are obtained. A file can be downloaded and a password generated that serves as a digital signature.
- It is possible to create a collection. In Avalanche it is possible to create a collection of works by defining how many types it can contain. These repositories also generate a record in the blockchain.
- Register the link. When the file link is uploaded, it is registered in the blockchain, as well as the copies of the work to be generated.
Subsequently, the tokens can be observed in the digital wallet and, it is now possible to sell these works to other users.
