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What Future Awaits NFTs: Artistic Aspect

 November 4, 2022

By  Kyrie Mattos

The NFT craze has been here for a while, isn’t it? However, despite some drops in rates and market size, the technical solution behind all the hype is still on its way toward the summit of Web 3.0. Yet how does it all relate to art production? Well, the answer is sufficiently straightforward because NFTs allow for more advanced ownership-transferring principles.

As a new internet iteration, Web 3.0 puts ownership of creators, cybersecurity, and transparency in the first place. That’s why it heavily relies on blockchain technology that holds enough power to fuel the new way of how every single NFT art studio produces art and hands over ownership over all the assets as if it were a piece of an apple pie. 

Truth Behind the Curtains of NFTs

What does NFT mean? Standing for non-fungible tokens, NFTs represent a kind of digital currency data stored on a blockchain. In its uniqueness, a single token can’t be equally exchanged for another item of the same sort, thereby providing a virtual asset, be it an image, audio, or character in your favorite game, with exclusive ownership, which can be transferred to another person via the distributed ledger technology (decentralized database).

But what makes it so popular? According to Statista, the famous CryptoPunks by Larva Labs reached a sales volume of $143.5m in 2021. Astonishingly enough, it’s only a single example out of dozens, if not hundreds or thousands, of commercially successful NFT artworks. Therefore, if you have ambitions in this industry, you should certainly consider investing in creating a collection of NFT art.

A Shortcut to Creating an NFT Art Collection 

Here arises a logical question. If it’s still so popular and potentially profitable, why isn’t everyone jumping into drawing or modeling 2D/3D NFT artwork? The answer is evident — not everybody is aware of this opportunity, and not everyone is ready to invest in innovations. Although NFTs have already turned into the new normal, it’s still a great unknown for many internet users.

However, there’s a way, a kind of shortcut for those willing to step into this unknown and win not a battle but the entire war (given a bit of luck, of course). Creating the whole NFT art collection on your own may not be the best idea. Why so, you may ask? Even if you are proficient in art production or its automated procedural generation, chances are you are missing a more crucial thing — market insight.

What is the trick to creating NFTs from a business perspective?

Insight into the market, previously conducted discovery phase, and competitor review account for the fundamental pillars of any potential commercial activity you initiate. You may lose more than you’ve invested without a clear vision and specific business strategy. Time, effort, and money are your primary resources for any project. 

That’s why it’s essential to prepare a coherent plan and get a consultation from NFT art studios like 3D-Ace. Moreover, you can arrange an interview with an outsourcing agency and order a pack of premium-looking NFTs that sell themselves. Artistic talent is an excellent starting point, but when it comes to non-fungible trading tokens, the trick is to set the proper groundwork before you create and mint the first NFT artwork. 

How to Create an NFT Collection and Not Lose

Beyond question, NFT art production is accompanied by multiple risks. Nevertheless, there’s a way to minimize them. Here’s a plan:

  1. Elaborate on a crystal-clear strategy and plan. Before stepping into that field, you should visualize what you need and verbalize what you expect. Also, evaluate the budget and define your project scope — this will help a lot throughout the next steps.
  2. Research the market and find reliable partners. This implies you should google potential NFT art outsourcing studios and find the best candidate that suits your project well. Look at their portfolios and match the style with what you expect.
  3. Guide the project and consult regarding NFT marketplaces. Once you’ve defined the blockchain with the help of which your non-fungible tokens are to be minted, you should identify the most suitable NFT marketplaces for your collection. Consider choosing OpenSea or Rarible.

Finally, as soon as you receive your collection of NFT artworks, don’t forget to hire a business analyst or someone who knows the best time of the year to place your items on the marketplace. Due to market fluctuations, the value of your NFT artworks may vary, so keep that in mind. Good luck, and have fun!

Kyrie Mattos


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