A Beginner’s Guide to NFT Crypto Art for Motion Designers

Avatar AE Tips And Tricks | November 12, 2021

If you’ve been thinking about investing in stocks, well, that’s pasśe! NFTs are the new thing in the market and have taken everyone by storm. Especially during the covid pandemic, the popularity of NFTs soared immensely. And it made a lot of us wonder – what exactly are these NFTs and how are they generating such mind-numbingly exceptional results? Let’s understand how to make a mark in the NFT world as an artist:

What are NFTs?

An NFT, also known as a Non-Fungible Token is a form of cryptocurrency. Just like other cryptocurrencies, NFTs, too, are powered by Blockchain technology. Blockchain is nothing but a public electronic ledger. To maintain transparency in the transactions, this ledger is shared within the network of users as well.

NFTs are a unique form of cryptocurrencies, as they are attached to a piece of any form of digital expression. Some of the most common and sensible NFTs that are currently trending in the market are art, music, video games, collectible items, memes, big sports moments, virtual fashion, domain names, and a whole range of miscellaneous online items.

Who Owns NFTs?

NFTs are tokens used to represent the ownership of unique, digitally created items. They are merely tokens of the digital expressions of different things. Also, NFTs can have only one owner at one time, and the ownership of NFTs is secured by the Ethereum blockchain. This also means that no one can create or modify or even copy-paste a new NFT into existence.

When you purchase an NFT, you become its owner. As simple as it sounds, there’s a catch. Take, for example, you buy an art NFT – it doesn’t mean you own the piece or the copyright to it. You merely own access to the NFT of the art piece.

 

Crypto Art Marketplaces

Yes, a random work of art featuring a dog got sold for thousands of dollars – but does that mean that anyone and everyone can set out to sell their art (or anything else) as NFTs? Not really. This is because the whole process is complex and getting any work of art on a crypto platform isn’t easy.

There’s a competitive application process and as an artist, you have to apply to these premium crypto platforms to get selected. From the thousands of applications sent each month, the platforms screen in and select only 50-70 artists per month. Some super popular platforms are SuperRare, MakersPlace, and KnownOrigin.

Sounds tough, right? But here’s what you can do – there are many upcoming crypto art sites popping up, to which you can apply. Some of these even come without costs, which make them all the more favorable for beginners. The popular picks in this category are Rarible, OpenSea and Foundation.

Charges Payable for Signing Up On Crypto Platforms

Most of these platforms allow you to apply only after you pay them the specified fees. As these platforms work for profits, you are charged the fees for buying and selling crypto art as well as minting NFTs. You are expected to pay the Gas Fees, which are nothing but charges for the power required to process and validate transactions on the blockchain. You may also have to pay a gas fee for minting a token. Additionally, there are also fees for buying and selling NFTs. The purchase and sale of NFTs can be done only via a digital wallet – so again, there’s a conversion fee that becomes applicable.

Along with this, there will be a range of other hidden costs, which pile up over time. Sometimes, you end up paying more in charges than what you actually earn from an NFT!

As appealing as these platforms seem, before you sign up for one, you need to be well aware of how it all exactly works. There are many sources on which you will find authentic information about crypto art marketplaces as well as NFTs. So read up, as much as you can before you dive into the world of crypto art.

Can Motion Designers Monetize Their Art With NFTs?

NFTs do come with challenges of their own. But the great part is that not many avenues have been expired, even when it comes to art NFTs. Motion designers definitely have a huge scope in the NFT world that’s not yet regulated. In this newly born market, there’s ample space for unique, unusual, and impressive works of art.

While not many would be able to make it through the cut-throat competition in the crypto world, there is definitely space for some fresh art. As a motion designer, if you’re able to churn out motion designs that are impressive and marketable, you would definitely make it big in the NFT world.

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With NFTs, you have a whole lot of creative freedom. Established and high-level motion artists can focus more on personal projects, which help them explore their creativity and come up with amazing art pieces. This is definitely a breather for artists who are otherwise boxed in the commercial design industry, which expects them to churn out content according to expected standards.

NFTs allow you to directly connect with people, and sell your art directly to them. Even as a motion designer, this is a great incentive for you to experiment with your skills and creativity. You get a percentage of profits every time an NFT is sold to a new owner – allowing artists to make money off the art they enjoy creating.

Summing Up

Like we said before, all that glitters is not gold. Do watch your steps as you venture into these new territories. If you’re well-researched, sustaining in the dynamic, unregulated NFT world would be easy for you. So read as much as you can, find out credible sources of information (maybe people, podcasts, blogs or videos) and then make an informed decision.

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