NFTs have gone viral and given web designers new ways to make money and share their work with more people all over the world. It also gives us new ways to make money from our art, share it with a wider audience, and join the future of the web.
We have all heard a lot about NFTs in the past year. From big companies like McDonald's and NIKE to celebrities like Snoop Dogg and Paris Hilton, the NFT space is becoming more mainstream and harder to avoid.
NFTs may seem confusing or scary. Questions like "What are they?" "Why do they sell for so much?" and "Why does everyone care so much about these things?" may come to mind.
NFTs aren't going anywhere, so you shouldn't move either. This article will explain what NFTs are and how to use them in real life.
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Start NowWhat Is NFT?
First, let's talk about the basics. The acronym NFT stands for "Non-Fungible Token."
Simply put, it is a unique digital record of ownership of a specific digital asset that is stored on the blockchain (mostly Ethereum). This could mean that you own a jpg, a video, an audio file, or really any kind of digital file.
One prominent NFT seller is NBA, which offers video clips of basketball games for sale. Or the famous digital artist Beeple, whose work sold at auction for $69 million.
You might be thinking - where does the value come from?
Well, the most important thing about NFTs is that they can't be made again. This means that there can only be a certain number of each token or asset. If you own the NFT, whatever you own is the official version.
That means that we (the market) can now decide how much that thing is worth. Before NFTs, there was no real way to prove that you owned a digital asset, so it was hard to figure out how much it was worth. Beeple is a good example, before he started doing NFTs, the most he ever got for a print of his art was $100. Now he could sell the original digital work for whatever the market would pay, which turned out to be an insane $69 million.
Anyone could download the image that Beeple sold, and owning the NFT doesn't give the owner copyright rights to the work, but it is now clear that they are the original owner. Taking this into account, there are several reasons why people buy NFTs:
- Investment: NFTs have become collectibles because they are hard to get. In the past, their value has gone up after they were first sold. People hope and expect that the value of their NFT will go up, just like when they buy a piece of art as an investment.
- For a certain use or access: For example, some NFTs are sold as part of a collection that gives the buyer exclusive access to a community. You can join the community if you buy an NFT from the collection. NFTs could also give you access to things and events in the real world. Kings of Leon is one of my favorite bands, so I have to give them as an example. Their album came out as an NFT last year. If you bought it, you could get things like limited-edition vinyl or tickets to a future concert.
- Appreciation for art: Some individuals simply appreciate high-quality artwork that stands out to them, and that's all that matters to them. By purchasing NFT art, you become the proud owner of a work of art that you may show off in real life on digital screens.
NFT and Web Design
So far, we've determined that NFTs are a unique way of buying and selling digital assets. This is a game-changer for digital artists because this has never been done before NFTs have made it possible to sell digital goods such as logos and other graphic design elements together with 3D models and animations on the internet.
As a bonus, it's highly fashionable and has generated an enormous amount of attention about digital art in general. The NFT market, which is mostly about selling digital art, grew from $100M in 2020 to a whopping $22 billion in 2021. This means that digital creators and web designers can use this new technology to make money and share their work with new people all over the world.
NFTs could be made from almost any kind of digital art. Most of the time, this looks like selling artwork like drawings or animations. For instance:
Popular collections include Bored Apes Yacht Club and CryptoPunks. The Fuzzies Collection was drawn by Hank Washington. The digital designers came up with the Degen Toonz Collection and they sold out all the pieces of NFTs. And many more examples of artists who turned to sell NFTs.
In addition to selling unique digital art, web designers like Marko from Hipinspire sell NFTs of full websites he has made for clients in the past. You can even get colors as NFTs. There are a lot of choices.
Use of NFT as Web Designer
Now that we know what NFTs are and how they are changing the world of web design, how can web designers use them?
NFTs can be used in many different ways by people who make websites. Most importantly, you could make money with this new technology by selling or making NFTs for other people. You could also just use it to reach more fans and grow your audience. As a web designer, here are some of the most common ways to use NFTs.
Sell Projects as NFT
Selling your own digital products as NFTs is the simplest and most obvious way to earn money. Every day, as web designers and developers, we create digital assets including websites, logos, graphics, illustrations, animations, and many more. Now that we have NFTs, we can sell these goods to anyone who wants to buy them, and the person who buys them will own the original digital file. This is a brand-new way to make money, and you can even get royalties from sales in the future.
When you sell an NFT, you can either set a fixed price or put it up for auction, letting your fans bid on it and decide how much they want to pay. This changes the rules of the game and could lead to big payouts, like what happened with Beeple.
In addition to the money you make from the initial offering, you can also get royalties every time NFT (your work) is traded or sold in the future. You could sell an NFT for $1,000, for example. Then, if the new owner sells the same NFT in the future for $10,000, you could get up to 10% of that, which would be an extra $1,000. Note that you choose the percentage of the royalty before the first sale.
Create and Promote NFT for Clients
Offering NFT creation services to customers is an additional way to profit from this technology. The adoption of NFTs by companies and brands has a variety of benefits. By using this trendy new technology, they can spread the word about their brand, get their customers more involved, and find new ways to make money.
Now, let's say you're a web designer who makes websites for clients. You could create NFTs and build a portfolio site to promote them as a whole new service. You just have to know what to give! This will not only help your clients, but it will also show that you are up-to-date on the latest Internet technology and trends.
You could also sign up for sites like Fiverr and list your NFT design or NFT website creation services there.
Promote Yourself
If money isn't your main concern or you're not sure how much you'll actually make, sharing your work as an NFT is a great way to get it out to the world in the newest, coolest way.
Thousands of people all over the world are keen to buy NFTs for some of the reasons listed above, such as the chance to invest or to get access to or use something. Even though this audience type may not be interested in art or design in general, they may see your work because they are now NFTs. By offering your work as an NFT, you can reach new people all over the world. This can help you grow your fan base and get the attention of potential clients.
Creating An NFT
If you’re at all familiar with cryptocurrencies, the process of creating an NFT (also known as minting) will be very simple. And if not, don’t worry – it’s not complicated, you just need to know what to do, which is why we’re here. There are 5 basic steps to get your NFT up for sale:
Make A Crypto Wallet
First of all, it's important to know that NFTs work on the blockchain. Because of this, you need a crypto wallet to send and receive NFTs, store them, and buy and sell them.
You can find a lot of wallets by doing a simple Google search. Some of the most popular wallets are MetaMask and Coinbase Wallet. Choose the wallet you want, download it, and you're ready to go.
Recharge Your Crypto Wallet
When you turn your digital work into an NFT, you are basically recording a transaction on the blockchain, which costs you money because it requires the network to do work. The name for this small fee is "gas fee."
It's essential that you have enough cryptocurrency to cover this amount and mint your NFTs. You'll need to buy some Ethereum (or whatever other cryptocurrency you want to use). This is easy to do in MetaMask or Coinbase Wallet.
Note that gas fees are not always the same amount. Instead, they vary based on how much the network is charging at the time. On average, each NFT will cost between $50 and $150 to mint.
Select Marketplace
You will need to use an NFT marketplace if you want to actually make an NFT and let people buy it. You can choose from many different marketplaces, such as Rarible, OpenSea, Mintable, KnownOrigin, and SuperRare. Since OpenSea is the most popular, we'll stick with it for the rest of this guide.
Connect Crypto Wallet To Marketplace
Whenever you click "create" on OpenSea, you'll be prompted to connect your wallet. To link your wallet to the marketplace, simply click the wallet you've established and follow the onscreen instructions.
Minting The NFT
To build an NFT, simply follow the on-platform instructions after you've created a wallet, financed it, and associated it to the marketplace of your choice.
In order to sell your work, you'll first need to upload the actual file of the work (picture, video, etc.). For instance:
- Will it be sold at auction or for a set price?
- Is there a time limit on how long it will be on sale?
- In the future, will you get paid royalties on every sale?
Promote Your NFT
Congrats! You now know what an NFT is, how it can benefit you, and how to actually build one. Set up a landing page to advertise your NFTs and help them gain the most exposure now.
For most NFT projects, you'll discover that they have a website or landing page to adequately explain the project's details to potential buyers. Here, you may see the entire collection of NFT designs that are currently available, read about the project's history and the future of the project, and much more.
There is a strong emphasis on originality and cutting-edge design on these websites. Here are a few great examples to get you motivated: Coolman's Universe, Robotos, and Dippies.
Elementor & NFT
Elementor has just released four new NFT Landing Page templates to help you get your NFT website up and running quickly. They are - Cosmic Neighbors, Dot NFT, Happy Food Friends NFT, and Ladydog Club NFT Elementor's Landing Page Builder let you use these designs right away.
With all of the necessary components, appealing effects and animations, and innovative language to spark your creativity, each landing page is a unique work of art. Your NFT creations, stories, and roadmap may all be showcased on a website built on these pages.
Wrapping Up
In the world of digital assets, NFTs are a novel and exciting way to acquire and sell digital assets. Whether you're looking to diversify your income by selling your own work or developing NFTs for clients, this technology can help you access a global audience. With the right knowledge and the right tools, the possibilities are truly unlimited. You never know, you might be the next NFT millionaire after all.
