We all have that one moment where we just stare blankly through the window — wanting everything back to normal.
(image/png)
2048 x 2048
NFT URL: http://hic.art/122368
Twitter Profile URL: https://twitter.com/oddckle
We all have that one moment where we just stare blankly through the window — wanting everything back to normal.
(image/png)
2048 x 2048
NFT URL: http://hic.art/122368
Twitter Profile URL: https://twitter.com/oddckle
In the previous article, we discussed on what kind of creative works can be NFT art. So this time, let’s look on what kind of art you’d better not to create.
As an NFT artist, being strategic and has a marketing scope is important as much as purely pursuing the beauty of art. However, if you go excessively towards commercialism and follow commercial trends instead of building up your own art style, you will definitely fail in unsuccessful career building in the NFT market. So, let’s look on the typical 7 boring art themes and styles which collectors never want to pay for or never wants to collect even for free! If your art pieces apply to any of the following 7, either you are too lazy to have your own creative idea or simply you are lacking in talent (no offense, and I hope you have been just too lazy).
Note: I would not mean to say all works in the following styles have no value. There are of course many works with additional originality and I do love them a lot!
This is one of the most “basic” art theme that artists often adopt in their works when they have no idea on where to start their creation. Yes, having Ether symbol in your art is very convenient. With this, you can easily create a digital art which is at least related to cryptocurrency so thus NFT, without any effort of creating your own story.
Of course, there should be works with a meaningful Ether symbol, with a dramatic background story, I guess. But 99% is not. Sometimes they alternatively use Bitcoin or Tezos, depending on platforms or contexts, but this is basically the same. I recommend you using these crypto symbols in your art only when you are confident to tell the story behind or when you are confident to say you have added originality more than enough on it.
Well, I would say the CryptoPunks was great and epoch-making. I fully understand the value of the aesthetics and minimalism of the 24 x 24 pixel art, yes. But these values apply to the original only.
Cynically, since the original CryptoPunks has built the record sales, many artists follow the style and created a great number of derivatives. I wouldn’t say they are copies, rather they are derivatives, as I admit that they are not copyright thieves but artists who followed the way of legend.
But as you can see, most of the derivatives are looking almost the same as the original CryptoPunks. Nothing new, nothing interesting. Who would buy them?
Of course, there are some brilliant works in CryptoPunks style with new ideas, but if you have your own creative idea, you’d better not to follow this style to get labelled as a “basic” artist.
Doge itself has a funny story, but how about NFT works with Doge in them? Are any of them ever funnier than the Doge itself?
This is a very common theme that thousands of artists are choosing to create, but if you want to take part in the trend and create something with Doge, you should note that this creation has a high risk to degrade your career as an artist.
Doge is one of the final weapon that artists would take when they fall into a terrible slump of idea creation. You might still have another tactic to take, before you exhibit your mediocrity in public.
Needless to say, it’s not interesting at all. Not new, not creative, not valuable, but sadly thousands of artists are creating art with Elon’s face with them. Why do you need to use Elon as the main actor in your story? Would he tell your story of art in effective way? Why don’t you create your own character to perfectly convey the story of your art?
Obviously, artworks with Elon’s portrait have no story behind. They might have a bit of superficial item descriptions, but you will get no meaningful drama from that.
Maybe, in a small chance, there are a certain people who wanted to express their love, anger or any types of emotion against Elon through their works, but you should note another thing, that it still has a risk of portrait rights infringement. Selling pictures of someone’s face (no matter how famous they are) without permission is basically prohibited by laws. Even though Elon is unlikely to sue against every single NFT, If you are an artist, please learn the basic laws about copyrights and portrait rights.
The idea that a virtual 3D-looking trading card is spinning in virtual space is indeed quite interesting. But now too many artists are creating this kind of NFT works and there are no longer characteristic variations anymore.
The problem is, artists have been too lazy to think up a good idea of what content they should put into the cards, because the spinning card frame itself can look satisfying to them already. Through the creation, artists unfortunately tend to go blind and lose their ability to evaluate the quality of the art. This is why collectors think the trading card NFTs are all looking the same and they often skip those items.
To matter of worse, there are often combo of battle cards & Doge or Elon…
Last week you were probably surprised to hear an invisible sculpture by Italian artist Salvatore Garau was sold for $18,300 and this brought up a controversy. Some people admire this as a sophisticated progressive art and others mention the idea is already old and it is nothing but “nothing”. Well, here let’s put this discussion aside, but now what I would like to say is that even a famous artist did not sell his invisible work without receiving negative comments so how can small artists sell invisible works peacefully?
Sadly, there are some artists or dreamers who are trying to sell invisible or excessively conceptual art (such as one-pixel art) but here is an advice, it looks easy, but it would never be easy to get the instant million bucks without lifetime story building.
Last but not least, actually the most importantly, as a creator, you need to thoroughly understand copyright laws but unfortunately there are many amateurs who don’t recognize copyrights sincerely or deliberately ignore. You cannot steal someone’s creative idea which is protected by copyright laws, including other artists’ materials and branded characters. Typically, copyright infringement commonly found in the NFT world is such as Nintendo’s yellow electric rat or the world most famous “Mouse” character.
If you create and sell NFTs with these copyrighted characters, you might get sued by the right holders in quite large odds. Even if not, sensible collectors will never pay for taking such risk. If you already made any, I highly recommend deleting all of them as soon as possible and clear your contaminated career by revising your portfolios and any online information about your artist page.
Learning from pioneers is essential for inspiring yourself, but following someone’s style is not always a great idea for your own brand building. If you have your own creative idea, keep sticking at it and you will get connected to right collectors sooner or later.
Kaleiderotica: Titel B – 2001
Artwork series of 28 different nudes
From digital to analog and back to digital again,
crossing boundaries of media of that time…
Exhibitions
2005 Werkschau MΓΌnchner Fotografen (DE)
2006 CafΓ© am Wiener Platz – Munich (DE)
2007 Secondlife Gallery – Munich (virtual)
2013 Silvaplana (CH)
2017 Steemit (Crypto Social Media) (in engl. & german)
learn more about Kaleiderotica:
http://www.bobbyboe.com/kaleiderotica/
NFT URL: https://foundation.app/bobbyboe/bb-werk-b-nr050114121259-kaleiderotica-40195
Twitter Profile URL: https://twitter.com/bobbyboe_com
When I was a child, I used to play with toy cars.
When I was a teenager, I used to play video games.
Now I’m an adult who creates interactive NFTs on HEN.
In my new release these all things come together.
Have fun, guys!
Instruction:
Click/tap on the cars to move them.
Click/tap on the background to stop or play it.
NFT URL: https://www.hicetnunc.xyz/objkt/112246
Twitter Profile URL: https://twitter.com/vitalytsarenkov
a combination of creature and a human creating a fantasy humaniod tiger i called it TIGRUS
NFT URL: https://rarible.com/token/0x60f80121c31a0d46b5279700f9df786054aa5ee5:663610?tab=details
Twitter Profile URL: https://twitter.com/Hasan_tawfiq82
Boundary objects, poorly recognizable bodies, fish-flowers. A part of Svan/Nectar multidisciplinary project and video show for plants and humans.
NFT URL: https://www.hicetnunc.xyz/objkt/104867
Twitter Profile URL: https://twitter.com/julia_vergazova
Circulation of energies represented by motion, curves, typography and volumes.
NFT URL: https://foundation.app/@webz1/atmospheric-letters-40826
Twitter Profile URL: https://twitter.com/webz
“She plays on the wall with her fickle dreams and finds miracles in the shadows.”
NFT URL: https://www.hicetnunc.xyz/objkt/120524
Twitter Profile URL: https://twitter.com/shoscape
I create sumptuous digital compositions which combine disparate elements and mimic many traditional practices in hybrid images richly layered with vivid details,patterns and tones.
This fusion of traditional imagery and cutting-edge techniques produces unforgettable works that connect viewers to their past and present.
Β
NFT URL: https://rarible.com/token/0xda98f59e1edecb2545d7b07b794e704ed6cf1f7a:425?tab=history
Twitter Profile URL: @noriko_kinouchi
“What if a cyber brain could possibly generate its own ghost? Create a soul all by itself?”
NFT URL: https://www.hicetnunc.xyz/objkt/112294
Twitter Profile URL: https://twitter.com/andrevieiraart
Our Nfts collection is inspired by children’s artwork from the 80s and 90s, each of the characters that make up our work is part of a fun and surprising microcosm that unites all the works in the same lore that allows us to provide a unique background to each work in the form of a unique personality and story.
Theyre 1/1 editions except for a few exceptions, like the CryptoSerpent #000.
With each drop, the story increases, the following CriptoSerpents are related to each other, and their objective is the same as ours, to finish the work and rebuild their planet by accumulating Tezos, something that is achieved through their disproportionate originality.
NFT URL: https://www.hicetnunc.xyz/tz/tz1csaF9qoUB4y9MwgQttDJYLKw5x6acb399
Twitter Profile URL: https://twitter.com/Enliveneth
Poseidon is an unstable and violent God who possesses the abilities and power to rule the universe. His wrath is capable of destroying anything he wants, including our towns and cities, and flooding everything with storms and earthquakes.
NFT URL: https://foundation.app/@rafaelcarlesso/poseidon-says-hello-44773
Twitter Profile URL: https://twitter.com/rafaelcarlesso
A few creatures have fallen into earth with two sides of interpretation, one in the main sight and other in the upside down world. Join this collection quest and capture both perspectives of each **ambigraphic** flip face to animate their lives.
NFT URL: https://www.hicetnunc.xyz/objkt/90674
Twitter Profile URL: https://twitter.com/vaz_faz
Remember that lovely moment when you were so nervous, so anxious, so filled with anticipation, so keenly aware of that very instant?
NFT URL: https://rarible.com/token/0xd07dc4262bcdbf85190c01c996b4c06a461d2430:586333?tab=owners
Twitter Profile URL: https://twitter.com/Cristolo11
This is the second in a series of 5 digital images inspired by the Buddha and the colors of the world that light the way to personal enlightenment.
Twitter Profile URL: https://twitter.com/Cristolo11
A brief nostalgic review of all those operating systems that made us dream in the 80s and 90s.
Β¬Gif. Β¬Dimensions: 1248×1248 Β¬Color space: RGB Β¬Color profile: sRGB IEC61966-2.1 Β¬Alpha channel: No
Twitter Profile URL: https://twitter.com/jmonterovaras
If you are in troubles… this is a good way to disappear π (SOUND ON) — Handmade stopmotion clay animation —
NFT URL: https://www.hicetnunc.xyz/objkt/108732
Twitter Profile URL: https://twitter.com/TomiBarrenechea
Physical 18K gold signet ring
This piece is a take on my previous works on machine learning paintings and bring it to life in the form of a unique signet ring
Holder of this NFT can claim the physical ring // OBJKT# will be engraved in the physical ring
NFT URL: https://www.hicetnunc.xyz/objkt/105949
Twitter Profile URL: https://twitter.com/yungmathusalem
The second circle of the hell maybe one of the best circles for dying. Instagram is very close to this circle passion, because nudes and sexual pretty girls at instagram take the best reaction and reach millions of followers. So the time of overpassion is coming. Soon sex might be overdosing, people becoming asexual, then sexuality might lose power at advertising and how advertising might influence then, how to reach popularity not by sexuality in the future asexual clip culture?
NFT URL: https://www.hicetnunc.xyz/objkt/45228
Twitter Profile URL: https://twitter.com/bekkerantn?s=09
If you have been in the NFT market for more than a couple of month, you must know very much about Foundation (FND) or at least you have heard of it. Foundation is one of the most prominent invitation-only NFT platforms so not open to everyone, this makes emerging artists so enthusiastic to grab Foundation invites – the only limited number of golden tickets! So, for those who are running on all the long way struggles, hopefully this article will help to increased the chance to get invited to FND!
In case you are very new to this culture and still don’t understand why so many artists are looking for invitation to Foundation, let’s start with a quick explanation on why being a creator on Foundation is so admired.
Invitation system has been successfully performing for lifting up the fame of Foundation, as it allows only eminent artists to join the community as creators, which maintain the overall platform quality. Unlike Opeasea or Rarible, where everyone (including even spams or other non-artist business marketers) can register and list works, Foundation is a haven for mesmerizing creative collections. So, we can say the invitation system is working as a quality filter.
On Foundation, collectors are highly motivated to by NFTs as you have greater chance to find your favorite art on this sophisticated platform, compared to other open markets. This means, if you are a creator on Foundation, you will more likely to sell your NFTs.
You also note that sales value often goes very high on Foundation. We got thunder shock surprised when Edward Snowben’s Stay Free NFT raised 2,224 ETH (values $5.4 million USD on 17 April) and this is the forth highest-selling NFT of all time as of April 2021. We are recently amazed again by Itzel Yard’s Dreaming at Dusk NFT reached 500 ETH ($2 million USD on 20th May) which is historically the highest female artist’s NFT as of May 2021. These might be a mere dream only for one in a million, but there are many other NFT works which are collected for more than 10 ETH.
Also, any sales on Foundation, or even only being a creator on Foundation, will decorate you with an honored medal. So once you are on Foundation, you look greater, more appealing and convincing to collectors and this will lead to your sales on different platforms as well.
Sounds very fascinating right? But it’s not so easy to get the invites out of a flooding number of enthusiastic artists. Invitation is only sent by creators who are already on Foundation and sold their works. There is no other way (except community upvote). If you want to get invited, you need to get connected with one of them and appeal you creativity to make them feel like inviting and welcoming you as a new member of Foundation. So Let’s look on some tips to take the lead in the competitive invites-begging race.
Twitter is a giant tool for all NFT creators and this is the most common and basic tactics to appeal your creativity to existing FND artists. There is a trend: when FND artists have sold their first work and get a few invite codes available, they often start invite giveaway campaign on twitter by tweeting like, “I sold my first piece and got some Foundation invites Shill me your work and I will choose one to invite!”. As this works for the organic growth of the number of registered users on Foundation, probably majority of the artists have got invited in this way, by reacting to those tweets.
The rule is very simple, you basically only need to shill (show) your NFT art in a reply to the original tweet and sometimes they ask you to do some extra (typically retweet and follow). So what we would recommend is, keep yourself updated by some trend search with hashtags like #Foundationapp and #FoundationInvite and react to as many tweets as you can.
To stand out, not only does a catchy artwork draw their attention. If you have any social media accounts, business accounts, homepages or other NFT marketplace accounts, shill them! Artists often put their Linktree link in their Twitter profile to make it easier to browse their artist profiles and portfolios. Preparing a website to exhibit your own works as well as your self-introduction as an artist and connecting it to Linktree, This would give a magnificent professional image on you as an NFT artist.
Well, if you are a newly born artist and don’t have many to show off, then go with this one. Theoretically on social media, the more followers you get, the bigger name you appear to have. If you are the one who has invites, you probably choose to get more famous creators being connected to you on Foundation, rather than small names.
As Rome was not built in a day, normally it takes history to create a Twitter account with 1000+ followers. But as you already know it while being in the waiting line of FND invites, tweets with some trend hashtags often get engagements by many and it helps to trigger a great chance to rapidly grow the social media followers. Our previous article The Easiest Guide for NFT Artists: Get Connected to Your Potential Patrons describes some strategic tips to gain your followers quickly.
It’s also good to get connected with curators (LIKE US!) and let them exhibit your NFT works on their platforms, so that you can be confident to show your portfolios with external links (FYI, if you would love to exhibit and promote your NFTs, submit your works from our Submission Page!).
You are now gradually understanding that strategic uses of Twitter is a powerful dream catcher for FND invites. But you need to be aware that impertinent action on Twitter might be considered as a harassment and let you miss the boat! If you are trying to directly contact to some of the FND creators by direct message even though you are not followed by them, don’t to that.
It might have worked couple of months ago, but now too many users are rudely asking a limited number of invites so the artists are unwilling to communicate with those, rather it possibly encourages them to report your action to Twitter or Foundation for harmful attitude. Obviously this would degrade yourself and does not make any good to your career.
If you want more fields to appeal yourself to FND artists out of Twitter, take part in their Discord community. Foundation is officially running a community Discord channel where creators, collectors and emerging artists who are waiting for invites can join, discuss and get inspired by each other.
If you are not a gamer Discord is not very familiar to you but it is a mainly chat-based online communication tool. In the Foundation Discord channel, FND artists are allowed to shill their NFTs as well as having a discussions on some technological topics, while also the non-invited artists can communicate with the FND artists under their guidelines and learn some topics each other.
Also you can find useful resources in the channel, such as breaking news, technical updates and report of server error. So if you are an NFT artist who wants to join in FND, keep yourself posted by subscribing it.
There is a great news for you! We are offering a brand-new campaign called “Foundation Invites Capsule Toy“! This capsule toy (a.k.a. Gacha) randomly drops Foundation invites in a small proportion. Of course this won’t charge you at all, but it only gives our exhibition’s partnered artists more chances to get exposed.
This is supported by the donation system, as Foundation creator’s kindness helps us to operate this system. As soon as we receive Foundation invites donations from artists, we add the invites to this capsule toy. The odds are very small, like 1 in 1,000, but we hope we still have at least a great chance for you.
Again, this service is completely non-profit and you will never be asked to pay anything. Please feel free to play the toy and find what other artists create, and if you are very lucky, you will get invited to Foundation!
https://nftartexhibition.net/blog/2021/07/06/foundation-invites-capsule-toy-beta/
Now 5 (and an extra) tips are given to you, but my final advise for you is, go easy and spare your time for creation rather than sticking to a Twitter timeline whole day. It cannot be more painstaking if you are sending lots of replies to random artists and have got no invite after all. As well as being strategic on the social media side, cherish your time and energy to fuel your creativity and make new beautiful works. This may be the standard, but also the most effective way to reach out an FND invite.
Open-minded people don’t care to be right, they care to understand. there’s never a right or wrong answer. Everything is about understanding.
Dimensions – 4000*5000
NFT URL: https://foundation.app/khatriji2510/open-minded-38936
Twitter Profile URL: https://twitter.com/VipinKhatri2510/status/1396002079475257345
‘fogo’ is the portuguese word for fire.
This work was made with javascript using p5.js library to manipulate the HTML5 canvas.
Β
Twitter Profile URL: https://twitter.com/notDevOrArtist1
Which mask will you choose today?
NFT URL: https://nftb.io/b33b27375675f6932aa2e8bc2caa541a/
Twitter Profile URL: https://twitter.com/pablosvision
For most artists who use Metamask as their crypto wallet and link it to NFT platforms, we sometimes come across with a signature error at login, minting or other occasional activities on the platform.
This must be a frustration for artists who were about to mint their NFTs and spotted the best time for them with much less required gas fee. In most case this problem is not solved by any commonly known first aid, such as simply refreshing the page, deleting cache or restarting your computer.
We have encountered this error sometimes while we are using some of the well known NFT platforms and have built our knowledge base to cope with this troublesome symptom. So, let’s look on some what you need to do and more importantly, what YOU MUST NOT DO.
Let me explain from the things NOT to do because this is more important than the things to do in order to protect your asset. Well, let me say that, you should NEVER ever ask fake (or even official) Metamask twitter accounts for support.
There are many fake accounts which try to get Metamask login information to access to the ETH and NFT assets in it. The typical way of this scamming is like this. When you tweet some thing like, “I have a problem with Metamask and does anyone know the solution?”, some Metamask fake accounts promptly give replies to your tweet and showing they are willing to help you by direct message. And then moving to direct message chat, you will be advised to jump to a URL they provide and proceed the steps to recover your account.
Here you will be asked to submit your See Phrase (Secret Key) to proceed with restoration although the phrase is not supposed to be shared with somebody else.
And finally you will be asked to share a generated QR code to them and your assets have immediately gone! This is only one of the ways how they scam artists but more than enough to make sure why you should be aware of Metamask fake account on Twitter, isn’t it?
Many fake accounts have been eliminated thanks to Twitter’s efforts, but still there are multiple fake Metamask Support account (and dynamically new accounts are created everyday!) Although the official accounts are distinctive by the validation icon, the fake account often boasts more follower than the official ones and more frequently responding to troubleshooting requests, that would give you quite much of confusion.
This is why I mentioned earlier, that you should not ask even the official accounts for support, unless you are 100% sure to contact the right account with no information leaking risk.
So, what is the things to do when this trouble happens? Not very practical one but I am sure this is the best way. PLEASE BE PATIENT until the platform solves the issue.
Although the error message implies it might be related to Metamask’s technical side, in most case it is what to be solved by the NFT platform side. You might need to wait for a couple of hours or sometimes for a half day. It must be very frustrating for artists who were about to mint their masterpieces. But please calm down to avoid further frustration. You should always be aware that there are many impersonates and scammers who are strolling around this newly born online market and this will be the key to your life-long activity as an NFT artist.
If you are new to NFT market, you might think only digital arts or programmed contents can be NFTs. But actually the market is rather open to artists in various styles, and further to say, you don’t need to be a genuine artist, but you could be a musician, a poet, a photographer, or any other type of creator. So, let’s take a look in major creative styles in NFT market!
Although there are many sub-genres, digital graphics and animations are the Big 2 in NFT market. Some artists manipulate progressive and creative software to render a generative image or video based on some algorithms or computer programs and others create pixel art and vector art as well as digital painting. As well as 2D images, of course 3D art is widely minted and listed, such as digital sculptures. Although there is a maximum file size limit per upload, you can mint JPEG, GIF, PNG, MP4 files commonly on any NFT marketplaces. On some platform, you can also list SVG vector files.
But you don’t need to be technically trained with these advanced tools or you are not required to be good at programming, if you wish to go with your illustration. Even though the illustration is not so futuristic as digital art, there are many collectors who are looking for genuine illustrator. If you are an illustrator, do not hesitate to mint your works. You can easily monetize your creative talent with no extra skill beyond your daily creation.
Although there are controversies, technically you can mint your analogue (physical) art pieces too. If you are an oil painter, you could scan your paintings and digitize them as JPEG files. The challenge is you need to add new value to your digitized files somehow, otherwise it is simply a scanned copy of your original works.
NFT is valuable because the blockchain verifies the legitimacy of the NFT and its originality. If there is any copied version, the NFT would fail to secure its value obviously.
Monetization of photographs has longer history than NFT market and you might have already been using some of the monetization platforms, such as Shutterstock. If your photos are moving, aesthetic, beautiful or having a story to tell, you can mint them as NFTs. Although the customer demographics are different from Shutterstock, there are collectors who are looking for photo NFTs and often they are traded at much higher price than the existing photo stock services.
If you wish to sell your 3D models rather than a piece of JPEG file, you can do that! Although only a few platforms let you upload 3D files, but you have several options of format. If you are on Opensea, you can upload either GLB or GLTF files, and Foundation will extend their platform for OBJ files. USDZ files – a format for AR (Augmented Reality) – is to be accepted soon on Foundation too.
If you are a musician or sound creator, you have a chance in here too. Any types of audio files, such as musical compositions, sound effects, sound logos, can be NFTs. As long as it appeals to collectors’ passion, you can go your own way, in your genres and WAV, MP3, FLAC and OGG are commonly compatible format for NFT minting. One thing to note is, you will get better engagement if you accompany a video along with your audio NFT. This looks more appealing to collectors than a single audio file with no visual.
Virtual shoes, virtual space, virtual car, virtual home and virtual girlfriend… Many virtual properties are traded at the Market and some of them scored very much higher price above 100,000 USD. Still, this sounds quite strange, but it maybe becomes a standard consumer lifestyle in a next few years…
Even an internet meme can be an NFT! The famous internet meme “Overly Attached Girlfriend” sold for 411,000 USD by the portrait right holder last month. No one knows what gives you great business opportunities…
Like memes, now you understand anything can be NFTs as long as it catches collectors’ heart! Some artists sold their invented letters which do not exist, and some minted a geographic location. If you are the first to do something in the market, you will have a big chance to meet enthusiastic collectors full of curiosity.
You perhaps realized that basically everything can be NFT, as long as it’s original and unique! Standing in collector’s place and thinking what item would look interesting and attractive to them is the key to making you a successful NFT artist. Probably there are still many works not mentioned in this article, but potentially become innovative NFTs. If you have your unique creative idea, don’t be shy to step into the market. You can be the pioneer!
When you are at the minting stage for the first time, you probably notice that you may manually set the two parameters “Gas Price” and “Gas Limit” to determine the Gas Fee. Can we set those amounts as low as possible? Unfortunately, no. If we set the mount too low, your minting will not go successful due to errors, or might take forever to mint only a single image file.
So, let me concisely explain what Gas Price and Gas Limit are and what they do.
When you ask the Ethereum block chain to proceed your request, you need to pay some fees for miners on the network. This fee is called Gas Fee and this is calculated as Gas Price x Gas Amount (We previously explained the overview about Gas Fee in the article The Easiest Guide for NFT Artists: Budget Plan for Minting an NFT).
So Gas Price is one of the factors that determines the final amount that you need to pay, and you might already know that Gas Price is always changing dynamically along with how busy the network is. The thing is, although the standard price is shown by Metamask, you are able to customize the Gas Price as you like.
When you open “Customize Gas”, you notice there are three price options labelled Slow, Average and Fast. It shows the higher price you pay, the shorter time you will take to mint your NFT.
And these price options are synchronized with Etherscan’s Gas Price chart too. So you can know what is the standard price as of now.
You can choose one of the three options, but also need to note that the “Slow” option might take several hours sometimes. So what I suggest you is, set more specific values manually by yourself.
So, open the “Advanced Tab” instead of Basic one on Metamask and you will find the two windows where you set the value. Here you can name your Gas Price as low as possible until a message “Gas Price Extremely Low” comes up.
“Extremely Low Price” alert is an indicator that you should not go further low otherwise your minting might take more than a few hours. So the best value that we recommend you to name is, just one or two Gwei higher than this threshold. It typically takes only a few minutes so you would have an affordable transaction as well as acceptably speedy processing.
Then, you might wonder what value you should put in the “Gas Limit” tab. Although you can manually set Gas Limit you like, we strongly recommend you to leave it unchanged from the suggested value.
Gas Limit is a maximum gas amount that you permit the network to consume for minting your NFT. If the network use gas more than the limit you set, the minting process will immediately fail and ultimately you might waste your money minting nothing.
Gas consumption varies depending on the transaction and it does not always consume the 100% maximum amount that you set. So to make your transaction smooth and to avoid unnecessary expense, just setting it as suggested is the best way to minimize your payment.
So now I hope you understand how to set the right Gas Price and gas Limit manually! It is always nice to be flexible for setting value with some margin because Gas Price goes dynamically up and down. Minting multiples and experiencing trials and errors would be the key to success!
After you get used to the whole process, you start to feel minting and listing NFTs is not very difficult as expected. And you will notice the hardest part is promoting your listed NFTs to potential collectors. Some NFT marketplaces have function of “searching” so technically collectors can organically find your pieces out. But realistically, the chance is very small.
So what you need to do is create your own channel to get connected to potential collectors who might be interested in your creation. Your social media, especially Twitter will play this role if you are aware of the trend and some cultures that NFT artists and collectors get interacted with each other.
There are many collectors active on twitter and some of the enthusiasts are often tweeting typically like, “Today I have 2 ETH to spend! Shill your art by reply!”. These collectors are trying to find new collections by interacting with NFT creators. If you have something to appeal (shill), sending them a reply with the link to your NFT and a short description to attract collectors at a glance.
Collectors often seek for new collections with some trend hashtags, such as #NFTcommunity #NFTartist #NFTart and so on. Follow some top NFT artists and carefully observe what hashes they frequently use and get engaged by collectors with. Tweeting with unnecessary hashes too frequently might cause Shadow Ban on your twitter account, which results in less exposure to public. So be sensible to use only relevant hashes in appropriate frequency.
Maybe you are full with your own NFT promotion, but sometimes helping other artists also helps your promotion too. As well as you, many artists are looking for chance to appeal their works and they are actively reacting to some twitter accounts who support their promotion. So, creating a tweet like “Follow me, RT this tweet and Shill your work. I will retweet your artworks for more exposure!” will help you get more engaged and the growth of your tweets and account.
But you also need to be careful about fake collectors when you follow the “Shill Your NFT” culture and interact with a tweet which asks you to follow and retweet. Some of them are not real collectors, but fake accounts which just looking for more followers. This is not very harmful, but it is nothing but a waste of time. Do not randomly interacting but pay your sensible attention to their single tweets and profiles and check if they are really collecting artworks or having any promotion to support artists.
Although it doesn’t always work perfectly, Twitter and other social media are string channel for you to promote your works and get connected to potential collectors. Strategically using these channels will give you a bigger chance of sales!
As we previously discussed in the last article The Easiest Guide for NFT Artists: Budget Plan for Minting an NFT, every artist needs to prepare budget typically amounting over 100 USD for the first minting. Probably, you want to cut it down as much as possible to be honest, don’t you? Don’t worry, it is a common pain every artist holds at the beginning. But if you are aware of some technical tips, you are very much likely to half down the cost with no painstaking hard work!
You will pay all the fees in ETH, so why don’t you wait until the ETH goes down? Crypto downfall is a nightmare for investors, but not really for creators. When ETH is low, it is time to mint your masterpieces as well as collectors are highly motivated by the lessen bidding gas fees. Although the timing cannot be precisely anticipated, but ETH always go up and down as well as other cryptocurrencies. Keep yourself always updated with trend charts would be the key to catch the wave!
Besides the ETH price fluctuation, gas fee is also changing dynamically along with real time network traffic. As we explained in The Easiest Guide for NFT Artists: Budget Plan for Minting an NFT, you need to pay higher gas fee when the network is busy. This means you don’t need to pay much gas fee if you mint in a time range less people are active in the ETH market. Now you can somehow imagine when it would be, right? Yes, it basically works the same as the stock market.
There is a typical weekly tendency. If you are in the EU, that gas price gets lower in the midnight and gets higher afternoon to evening. Typically the gas price goes the lowest in Sunday’s midnight (early morning on Monday). Friday and Saturday are relatively better days compared to other days of the week.
All these trends can be checked in the report Ethereumprice provides and easily anticipated by yourself. Also, you can check the current gas price at etherscan.io. Go nocturnal might bring you a lucky!
If you are not an investor, you don’t need to follow tech news related to crypto so keenly. But being aware of Ethereum Hard Fork will definitely help your financial strategies.
Hard Fork is scheduled technical updates of Ethereum, to make future ETH transactions smoother and safer and to provide more customer oriented transaction with lower gas fees. So theoretically, ETH price goes high before a hard fork and then gas price goes low when the hard fork is complete.
The schedule of hard forks is open to public, so keep yourself updated and be ready for the next upcoming hard fork.
You should note the pricing structure varies on each marketplace platform. Some platform charges more gas fee and commission than others. If you are looking for the cheapest option, you will want to sign up on Mintable. This platform offers an affordable option called “Gas-less” so you will not be asked to pay any gas fee at minting and you will only be charged the commission fee after your works are sold.
Even though your main duty is creating art, artists need to be financially sensible in the NFT world. The more money you save, more resource for creating you will grant. I hope a penny you save in the old days would lead to your future tremendous success…
NFT is a great tool for artists to monetize their creativity and some of the top talented creators are earning pretty high amount on every NFT listing. But you also need to be aware of the cost that artists pay to mint and list their works onto the NFT marketplaces. So, to get your NFT career started, let’s quickly look at all the cost that you need to pay for one NFT listing, and hopefully it will help you calculate the necessary budget for your successful debut in the NFT world!
The key to being familiar to NFT in financial terms is understanding what types of fees will be charged. When you convert your money into ETH on crypto exchange services or sending your ETH to your Metamask wallet, you will need to pay some transaction fee. And then, another fee called Gas Fee will be charged when you are in a NFT marketplace and are minting and listing your NFT art pieces.
Depending on NFT marketplaces but before or after your listing, the NFT marketplace asks you to pay commission fees to use the platform as well. So, you need to simulate the total estimated costs gathering those three types of fees and prepare the relevant budget would make your smooth first release.
Let’s look at the transaction fees for crypto exchange service first. The cost varies depending on service providers, but let’s say if you use Binance, generally 3% to 4.5% of trading fee will be charged when you buy ETH using your credit card and 0.003ETH (as of May 2021) will be charged when you transfer your ETH to your Metamask.
When you mint and list your NFT for sale, you need to pay gas fee for the network service. This varies depending on marketplaces as well as other factors.
Gas fee is calculated by a multiply by Gas amount x Gas Price. Gas amount varies depending on the action you are taking (for example, if you mint your image data, the amount would be around 200,000 to 500,000, while if you send ETH from your Metamask to Your friend’s Metamask, it would be only around 20,000) and gas price is determined by the real time network traffic and roughly ranges 30 Gwei to 200 Gwei (Gwei = 0.000000001 ETH).
Let me demonstrate a fee calculation example on Opensea. Let’s say you are trying to mint and sell your first NFT on Opensea at a fixed price, a typical required gas would be like, 300,000 x 60Gwei = 0.024ETH
When you mint your item, this calculation is automatically demonstrated on Metamask and you can easily check the payment amount in USD. So you don’t need to calculate like above every time.
This is the total required gas fee on Opensea but some NFT platforms, like Foundation, separate this fee into two different fees, minting fee and listing fee. So in this case you would need to pay gas fee twice.
Commission fees are charged when you list your NFT for sale or after your work is sold to somebody, depending on marketplaces. Amount also varies, but let’s say you are using Opensea for now, the fee would be 2.5%. This would be deducted from sales you made, so the rest 97.5% will be your profit.
Now all the fees are explained. Let’s calculate the estimated cost you need to pay for your first listing. So the cost would be like:
(Gas fee for minting a NFT on Opensea 0.024ETH + Binance transfer fee 0.003ETH) / (100% – Binance credit transaction Fee 3.5%) = Nearly 0.028ETH = Approx. 110USD.
So, 110 USD is the typical budget that you need to prepare for your first minting and 2.5% commission fee will be deducted from your sales price after the successful sale.
Here is one more important thing. It’s always better to have some extra budget. As explained, the gas fee is dynamically changing based on the real time network traffic so you might not be able to pay enough if you cut down small pence. Maybe you can add 15-20% margin to your budget just in case, otherwise you might need to repeat all the steps to add extra ETH to your wallet with extra expenses for the additional fees.
It’s always better to keep you updated with the latest standard gas price. You can always check the real time gas price on etherscan.io.
If you want to look into the more strategic financial scheme, please subscribe our twitter and you will be posted with our latest resource for financial lessons for artists!
If you are a talented artist, you have a big chance to monetize your creativity in the NFT market. But you don’t know how the NFT market works and have no idea what to prepare before you create your first NFT?
So, this article will explain the basic required and recommended preparation before you are getting into the NFT market, by as easier language as possible!
As previously explained in our article The Easiest Guide for NFT Artists: Understanding the Basic Concept of NFT, NFTs are not just single digital image files. Every NFT links to Ethereum Block Chain and has different token IDs. This is why NFTs work as digital properties which can never be copied by anybody but the owners. In order to alter your creative art pieces into NFTs, you will need to register for one or more of NFT marketplaces and go through the “minting” process.
To get you ready to mint your artworks, let’s look at everything that you should prepare!
Ethereum, a.k.a. Ether or ETH… one of the major cryptocurrencies, is the main tool to buy and sell NFTs, which works as something like US dollar in the NFT market. In order to buy their favorite art pieces, collectors firstly convert any fiat (like USD, EUR, GBP… any currencies, which we use in our daily market) to ETH. The price of NFTs is shown in ETH (For example, 0.1ETH… this is almost equivalent to 400USD) and collectors pay or bid on the auction based on the proposed price.
So, every transaction is in ETH. When your work is sold, you will receive the profit in ETH. And you will pay the transaction fee to the market, this is also in ETH. This is why you need to prepare ETH and a virtual wallet to send and receive ETH.
There are many virtual wallets, but I strongly recommend Metamask, the most widely used crypto wallets for NFT creators. Because almost all the marketplaces are supported with Metamask, you will have no struggle of troubleshooting or any crucial errors by using it.
After preparing your wallet, then you need to buy some ETH to pay your minting and listing fee. The system asks you to pay a little amount of network fee (called as Gas Fee) when you get your image files minted and listed onto NFT marketplaces. You will need to sign up an account of a cryptocurrency trading service to convert your fiat money to ETH. The international famous services are Binance and Coinbase, and you maybe find domestic service providers in your country too.
As well as ETH preparation, you need to get ready on the social media side too. Often collectors seek for NFTs on Twitter and there are many chances for creators to show and appeal their creativity, I highly recommend you to create an active Twitter account. Some NFT marketplaces require an active Twitter for verification on sign up process too. Linking yourself to collectors and other creators are a great key to success in the NFT world!
Once everything is ready, get yourself registered as an NFT artist! You will want to sign up an account of any NFT marketplace websites, such as Opensea, Rarible or Mintable. These three are the most common gateway for emerging NFT artists because anyone can sign up your account for free and will not require any additional contests. There are also some NFT marketplaces that asks you to submit your portfolios, like SuperRare. On this platform the moderator strictly assess the submitted portfolio and only a limited number of talented artists can join as creators.
Foundation and Makersplace are the platform that only invited artists can join. So starting your NFT career by using one of the major 3 and challenging to those exclusive platforms will be the best strategy!
Now, did you get yourself familiar with the basic steps to be an NFT creator? If yes and you want to look at the procedure more specifically, please visit other articles that give more technical information and instructions!