The NFT trend is through the roof these days. There may be a difference of opinion on whether NFTs are just a fad or here to stay, but one thing is for sure — the crypto art world can make you massive profits.
Big names like Nike, Coca-Cola, Adidas, and more are joining the digital art world. Just last year, artist Beeple broke all records by earning $69 million for his digital images in an auction on Christie.
Considering how lucrative the NFT world can be for business, many people are interested in selling their own NFTs. But how can you create one of these digital tokens? Keep reading to find out.
Here are a few simple and easy steps you can follow to make your own digital assets.
Choosing a niche is about filling a void in the audience. Analyze what the audience wants, the topics they are searching for, and what they enjoy. After doing the research, choose based on what is missing in the market. For example, cool cats are based on fun, light-hearted, and wholesome NFTs. They have targeted the informal family crowd as their niche.
Start the creation of the art by choosing the demographics you want to serve, preferably what other people are serving but which is in demand.
NFTs haven’t completely taken over yet but they are becoming popular at an ever-increasing pace. However, masses still can’t comprehend their usefulness. People don’t know how owning a digital image can make you money. So, you need to ask yourself, where is the value in the art that I want to create? Are you going to give a utility? Or just the art?
For example, when Taco Bell launched 30 GIF NFTs to support the Live Mas Scholarship, they were sold out in half an hour. The demand soared because the brand created the NFTs to add value.
You need to figure out what value you can bring with your digital art and bring forth innovation with your vision rather than copying what’s already online.
The most important thing you need to create your NFT is a well-meshed team. As a founder, you will be inclined to take on many roles like founder and marketer. Remember that assigning roles is crucial for growth, and dig deep to bring on the best talent you can.
You would need an artist, a back-end developer, a front-end developer, a designer, a discord community manager, a marketer, and sometimes a financial manager. These are the basic team members who should be on board besides the founder.
Choose a strong marketing tactic or better yet, mix a few techniques.
Use popular digital marketing techniques like collaborating with influencers, social media marketing, video marketing, contests, and creating scarcity around your product to create buzz and conversation around your launch.
And remember to always under-promise and over-deliver. You will not need any paid marketing or under-the-table tactics if you have a strong project with expert implementation.
Don’t rush towards the launch. Set a suitable date according to your schedule and give your team at least 2–3 months to launch the project.
The timeline of your debut depends on many factors. Don’t cut out important steps just to be out in the world fast.
The finances you need will depend on the hired team. Some developers settle for a portion of the sales, while others charge a flat fee. The percentage of sales is commonly 10–30 % of the revenue. The flat fee is usually more expensive!
The developer fee will also depend on how complex the project is. Go for a flat fee if you believe your NFT will sell out, or try to negotiate the percentage.
We decided to join the pfp movement but in a really different way! We created our art based in two concepts. Item on the metaverse and 3D pfp.
It is interesting all that we can accomplish by having a great team. Our amazing community will be able to rock their Mugs wherever they want, either in social media or in some platforms on the metaverse.
Imagine being able to have an exclusive mug on the metaverse. People buy virtual rooms to hangout, lands, homes, shoes and many more. So why not be the only community who owns a mug and are able to use it everywhere?
To ensure exclusivity and encourage scarcity, we are going to be buying some NFT from our collection each week and burning them!
If our community is happy, we are happy and we put our focus on all the things that we can control to deliver the best quality content for you guys.
