NFTs are saleable crypto assets and their value may reach millions of dollars. The aspects of rarity and attractiveness help grab the attention of art lovers, gamers, and crypto enthusiasts to invest in them with generosity. Won’t you like to convert your artwork into valuable assets that can be sold in the NFT art marketplace at a significant price?
A few examples of NFTs that gained historical value in the NFT Crypto Art Marketplace
Some NFTs have nominal prices while others have yielded millions of dollars for their authors. Who won’t like to be a creator of digital art that can enter the NFT Digital Art Marketplace with a bang?
- The first tweet by Jack Dorsey, the Twitter CEO was converted into NFT and was sold for $2.9 million.
- Beeple, a digital artist sold his creation ‘Everydays:The First 5000 Days’ for $69.3 million, and it’s the most expensive NFT till date.
- Beeple’s other NFT, ‘Human One’, fetched him $29 million.
- Cryptokitties gaming platform allows users to buy or sell virtual kittens. One of the NFTs, ‘Dragon’, was priced at $172,000. Its price history on the OpenSea NFT Art Marketplace Website on 17th November 2022 can be viewed here:
What Kinds of Assets Can Be Converted Into an NFT?
As we know NFTs are nonfungible tokens and each one has a unique price value because they are incomparable and non-interchangeable in nature. In simple terms, they are considered to be digital assets that have undisputable ownership and all records of their sale-purchase are recorded in the immutable blockchain ledger. You may view the details about an NFT on the NFT Digital Art Marketplace platform before making a purchase.
Once, Meta’s (Facebook) CEO, Mark Zuckerberg made an announcement, “We’re working on bringing NFTs to Instagram in the near term…”
Although, the ownership rights of an NFT might get transferred instantly to the buyer, the name of the original creator is never going to be erased from the records.
Now the question arises, what kind of stuff can be turned into a digital asset and sold on the NFT Crypto Art Marketplace?
- Virtual paintings
- 3D images
- Music & video clips
- GIFs, or images in other formats
- Social media posts
- Memes
- A piece of text
- Cartoon character
- Gaming character
- Images of famous people or properties
Anything that can be converted into a digital version can become a saleable item in the NFT Art Marketplace.
Primary Factors That Help Decide The Price of Your Artwork In The NFT Art Marketplace
Have you ever explored a popular NFT Crypto Art Marketplace? Unless you penetrate deep inside the crypto world, you are not likely to be aware of how NFTs have taken the web by storm. Whether you navigate through an NFT Digital Art Marketplace community or scroll down the news feed randomly on Twitter, Instagram, or Facebook, you can come across stuff related to NFTs in a week or two.
Have you ever felt eager to know how the price of NFTs is fixed? Why do some NFTs gain a sudden price hike? Who decides the price? It is certainly not the NFT Art Marketplace Website on which you are going to create or sell your artwork. Like any other commodity, the price of NFTs depends on the demand and popularity amongst crypto enthusiasts.
Here are some more factors that help to decide the price of NFTs:
- Rarity
- Utility
- Tangibility
- Usability
- Social value
- History of Ownership
- Liquidity
- Rarity: The unique quality of an NFT, such as an artwork by a renowned artist or celebrity listed on an NFT Art Marketplace Website would gain more traction than the common NFTs, and would be sold for a higher price.
- Utility: How an NFT is going to be utilized would help decide its price value in the NFT Art Marketplace. For example, whether an NFT is meant to tokenize a real estate property or a gaming asset, or would be used in any other way.
- Tangibility: NFTs that represent real-world objects, along with traceability and ownership rights helps to determine their tangibility. It means that an original NFT would have a significant value in the NFT Digital Art Marketplace and not its replicas.
- Usability: How an NFT can be used in the blockchain world through different applications. For example, if the same gaming asset can be used in more than one game, its value would automatically increase. It is more related to interoperability and it benefits NFT creators as well as buyers & resellers.
- Social Value: One of the most crucial factors that help fix the value of an NFT is its social value. As a buyer, you would definitely like to confirm how popular is an NFT on social media platforms and whether it has its own profile on the social network, before making a deal through a renowned NFT Art Marketplace Website.
- History of Ownership: The value of an NFT would be impacted by the name of its creator. If a creator is a popular personality or organization, the NFT would have high popularity, and so would the price value.
- Liquidity: The higher the liquidity of an NFT the higher would be its price. The investors would like to spend money on the category of NFTs having higher trading volume, as it helps them in profit making.
Marketing Hacks For NFTs
If you are a digital artist and have an interest in selling your masterpieces at a famous NFT Art Marketplace, then you must adopt some flawless marketing strategies to earn the maximum value for your NFTs. Let’s discuss this without making much ado:
- Influencer Marketing
It’s one of the most tried and tested methods that persuade buyers. No wonder, people have heard about blockchain and cryptocurrencies, but a large section of society is still unaware of the concept of NFTs. Influencers play a key role in bringing such people to the targeted NFT Crypto Art Marketplace and arousing an urge to spend money on a particular NFT. They help in promoting an NFT through various channels to build a fan base for an NFT.
- Community Building
Building and nurturing a community proves to be highly beneficial as it helps to spread word about an NFT and compels the investors to visit the NFT Digital Art Marketplace where that particular NFT is listed. The community helps in opinion building and gaining more buyers for various kinds of NFTs. you may use forums and social media platforms for building a community for the promotion of your NFT.
- SEO Tactics
Anything that is sold online can be promoted using SEO strategies. As optimizing your website helps to improve its search engine rankings and brings greater traffic, you can also use somewhat similar tactics to divert the traffic of an NFT Art Marketplace Website to a particular URL related to your NFT listing.
- Social Media Marketing
People have become habitual in using Facebook, Instagram, and Twitter to build social networks. Some also use YouTube and short video-sharing sites like Tik Tok, Snapchat, Vimeo, and ShareChat. You can post promotional content on such platforms to create awareness among the masses, and bring potential customers to the NFT selling point.
- Use Hashtags Correctly
Social media platforms are used by millions of users and they keep posting content related to diverse topics. You can use correct hashtags to earn better visibility for your content and make it easier for the investors to know about the key features of your NFT.
- Promote Your NFT on Discord, Quora, & Reddit
Discord, Quora, and Reddit have separable identities and are used for knowledge sharing. You can use these platforms to describe all about your NFTs in crypto groups or in general. It will arouse the curiosity of serious investors to search for your NFT on the NFT Art Marketplace and purchase it at the best rate.
- Sending Newsletters
NFT hunters can be easily found on popular platforms like Facebook, Instagram, Twitter, Quora, and various other forums. You can compel them to subscribe to your newsletter in which you can provide the latest news and information about your NFTs. You can provide the address of the NFT Crypto Art Marketplace where they can buy the targeted NFT with ease.
Final Thoughts
Have you ever come across any NFT Digital Art Marketplace? Did you try to find out why some NFTs are so expensive while others are not? The factors like rarity, utility, tangibility, usability, social value, history of ownership, and liquidity help to set a price of a piece of virtual art at the NFT Crypto Art Marketplace.
Now, you can seek the help of the Antier team to convert digital artwork into an NFT and list it on an NFT Art Marketplace. Our experts can also help to build an NFT Art Marketplace Website where you may allow the users to create, trade, and invest in NFTs. However, you will have to plan the marketing strategies according to the changing market scenario on your own, seeking the help of experienced marketers.
