How to Monetize Your NFTs

How to monetize your art, photography, game items, music and videos as an NFT, here are some quick tips how to achieve that

May 3, 2021

The NFT boom is upon the crypto space, with several NFTs selling for millions. While your tokenized pieces may not sell for that much, the good news is that you can potentially make some money too, by applying the right strategies. Learn how to sell your photography, music, art, videos and game items as an NFTs for your chosen price.

But first, what makes for good digital artwork?

Although art is purely subjective, there is a prime quality that makes for a good piece — originality. Your digital artwork must be unique. You cannot pass off someone else’s work as yours while hoping to profit from it.

So you have your original NFT, now what?

Your creativity doesn’t just end at the click of “create” on any NFT marketplace. To make worthwhile returns on your work, there are important tips you must be aware of, and this is what we’ll be talking about in this short guide.

1. Create scarcity.

In any economic model, scarcity drives demand up. Creating artificial scarcity increases the perceived value of your works, and there are two ways to do this:

Limit the supply: For any artwork series, ensure to cap the supply from the outset.

Create rarity tiers: Unless you are new in the NFT space, you’ll have seen numerous NFT artists group their pieces into different tiers based on their limited supply. While some use terms like common, rare, super rare, and legendary, others get a little more creative with tiers like Common, epic, unique, legendary. Of course, the artworks become more valuable as you go up the rarity scale.

The key is to get creative with your artwork series. Whenever possible, cap the supply and split into tiers.

2. Stay with one hub.

Hopping around several marketplaces to mint and sell rarely makes for a profitable experience. Establishing your works on an ideal marketplace where you can create at the cheapest cost and sell at your choice price is always a good idea. Thankfully, AirNFTs provide just that on Binance Smart Chain. What’s more, later up by integrating the Ethereum 2.0 by the time it gets launched. Making it a mega cross-chain hub for all tokenized artworks.

3. Be active on social media

After securing your brand with an ideal marketplace, the next thing is to increase your reach via social media. Promote your artworks on Twitter and Instagram using trending hashtags such as #nfts, #nftcollectors, #nftmarketplaces, etc. Join Telegram and Discord groups with NFTs as their prime focus. LinkedIn isn’t just for professionals; you can promote your works there as well. Doing all of these ultimately increases your visibility, consequently increasing your chance of selling your works at your desired price.

4. Join the AirNFT community.

You have already made the right decision by choosing us as your mainstay NFT marketplace. Go one step further by joining our active Telegram and Twitter communities. There, you will meet like-minded artists and collectors to share ideas and potentially make gainful trades.

Take away

Understand that value is perceived and how you present your work plays a big role in what becomes of it. Collectors largely invest in not only artworks, but also the artists. Develop a personal brand, create unique themes, and be original. Do all of these and watch collectors rally round your work.

You can also use this template to make your NFTs look branded and professional to share them on twitter or instagram

Frequently Asked Questions

What is an NFT?
What is an NFT?

An NFT (Non-Fungible Token) is a unique digital asset that is stored on a blockchain. It is a type of cryptocurrency that represents ownership of a particular digital item such as artwork, music, or videos.

How do NFTs work?
How do NFTs work?

NFTs work by creating a unique digital signature on a blockchain network that verifies ownership of the underlying digital asset. This means that the original creator of the digital asset can sell it as an NFT and the buyer will have proof of ownership that is publicly recorded on the blockchain.

What makes NFTs valuable?
The value of an NFT comes from its scarcity and uniqueness. Since NFTs are one-of-a-kind digital assets, they can be highly sought after by collectors and enthusiasts who want to own a piece of digital art, music or video that cannot be replicated.

The value of an NFT comes from its scarcity and uniqueness. Since NFTs are one-of-a-kind digital assets, they can be highly sought after by collectors and enthusiasts who want to own a piece of digital art, music or video that cannot be replicated.

How do I create or buy an NFT?
How do I create or buy an NFT?

Creating an NFT requires some technical knowledge and involves uploading your digital asset to a blockchain network and minting it as an NFT. Buying an NFT can be done through various NFT marketplaces such as AirNFTs, where buyers can bid on or purchase NFTs using cryptocurrency.

What are the risks of investing in NFTs?
What are the risks of investing in NFTs?

Investing in NFTs can be risky, as the value of an NFT can fluctuate depending on market demand and the reputation of the creator. Additionally, since NFTs are a relatively new technology, there may be uncertainties regarding their long-term value and legal status.

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