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The process of securing the digital asset as NFT and making it a part of the blockchain is called minting NFTs. On NFTation, minting an NFT is completely trouble-free. However, not everyone can mint NFTs on NFTation. You need to be a verified artist on the platform and have a compatible wallet, only then you can successfully mint NFTs.

Approved artists can mint their artworks free of charge. For this, you have to follow these couple of steps:

1. Uploading file: First, you have to upload your digital creation on the platform. Your work would be stored on a decentralised storage system called IPFS and the file can only

   in the following formats:

   • Photos (PNG, JPEG, GIF, SVG)
   • Videos (MP4, MOV, WMV, AVI, WebM)
   • Audio (MP3, WAV)
   • 3D files

   The size of any of these files should not be more than 40MB.

2. Filling required data fields: The uploading of files or your digital creation will be followed by the fulfilment of certain data fields. Creators will be asked to fill the following

   data fields:

   • Artwork Title
   • Artwork Description
   • Custom Properties
   • Category
   • Collection
   • Gallery
   • Explicit Content (Yes or No)

   You should assure the information you provide is accurate as once you create an NFT, it goes into the blockchain and becomes impossible to make any changes.

Once you have fulfilled these requirements you can confirm the creation of your NFT by signing it with your private key using your digital wallet and pay the transaction fee. Your wallet will do this automatically and you just need to confirm the action. Once confirmed, your NFT is Minted and ready to be listed for sale on theNFTation platform.

Minting an NFT requires some cost to provide energy and resources to the EVM based blockchain which is known as the GAS fee or minting transaction fee.

NFTation initially only supports Ethereum blockchain which has a relatively high gas fee, however soon there will be other EVM compatible blockchains that are being added to the platform, and if you mint your artwork on any of the other blockchains, you will encounter a much cheaper minting cost.

After minting the artworks, artists can list their NFTs for sale using one of the following options:

1. Fix Price Listing
2. Reserve Price Auction

1. Fix Price Listing:

   In this option, artists will be able to list their items for sale for a fixed price and with no time limits.

   • Artists will need to:

     1. Set the Price
     2. Choose the number of Editions they want to sell.
   • On purchasing the NFT, Collector pays for the item and fees for minting and transfer of the NFT

2. Time Limit Auction with Reserve Price:

   Artists are also able to list their NFTs for sale as a 24-hour auction with a reserve price. They would only need to set the minimum bid which is called Reserve Price. The sales process is as followed:

   • First Bid: A 24-hour auction will start as soon as a collector places a bid, which should be equal to or higher than the reserve price. It will be subject to a transaction fee for transferring the bid amount to a smart contract.
   • Subsequent Bids: If a second person is interested in the NFT they can place a bid that is at least 10% higher than the current bid.
   • Bids in the last 15 minutes: If a bid is placed in the last 15 minutes of an auction, the deadline of the auction will be reset to 15 minutes to allow fair competition.
   • Winner: The highest bid after the end of the auction is automatically the winner and is the new proud owner of the NFT. They would just need to settle the auction.
   • Auction Settlement: After the auction is over and a winner is found, either the winning collector or the artist needs to settle the auction, meaning they will need to pay for the gas fees transferring of the NFT to the collector’s wallet and sales amount to the artist wallet.

   In these two ways, you can sell NFTs on NFTation.

Your crypto wallet, such as Metamask stores your Ethereum. But, to withdraw funds, you need to sell Ethereum. For this, you’ll have to use cryptocurrency exchanges as Metamask does not support this feature.

A Cryptocurrency exchange or digital exchange allows people to trade cryptocurrencies with other assets such as fiat money. Some of the highly recommended cryptocurrency exchanges are Binance, Coinbase, Gemini.

Under any of these cryptocurrency exchanges, you can withdraw fiat money to your bank account. All you need to do is to create an account on cryptocurrency exchanges and send your tokens or Ethereum to the exchanges manually and then with a few clicks based on the exchange you use, you can withdraw fiat money to your bank account.

Pricing artwork requires research about the market and also trust in your creation. You must be sure of yourself that what you have produced is worthy of being sold for the right amount.

However, here are a few strategies you can use while pricing your work:

1. Competitive: While pricing your work, you should research what is going on in the market. Though all art pieces are unique in their own way, you need to see the prices of other similar kinds or styles of artworks as yours. This would help you in pricing your work neither less nor more.
2. Rarity: The price of art also differs based on the number of editions it has. It is evident that the price of art with 10 editions will be lower than the art with 1:1 collectable. This is due to the rarity of the artwork.
3. Emerging or Established: You should be knowing that there is a different fanbase of already established artists in the NFT world and they price accordingly. If an emerging artist would try to price their work the same, they might not be able to sell. You should always consider this if you are an emerging artist and price accordingly until you build your reputation.
4. Grow consistently: Like any other market, when you are entering the market, you first try to establish a customer or audience for yourself rather than selling your products at a higher price. Here as well, you must start with a lower price and grow gradually and consistently.

With these strategies in mind, you can price your work well.

The author sells his script and he gets paid. That’s it? It is said that a script keeps paying authors lifelong. But how?

That’s through royalties. For every sale of the book, the author gets royalties. Publishers pay authors for every sale as a reward for the script they have written.

Similarly, it happens with the NFTs.

Creators get benefits by selling NFT but that’s not the only way they get benefits. NFTs also work on royalties. For every subsequent sale of your NFT on NFTation, artists get some percentage of the sale amount as a royalty being a creator of the art.

On NFTation, when an artwork you have sold is being resold again, you as an artist will get 10% of the price of the sale of your work in secondary sales.

These royalties are, then, executed automatically through smart contracts.

NFTation is not an open marketplace and we have curated it with specific attention. Artists have to get verified to mint on this platform.

Artist Approval:

Artists can mint on the NFTation platform only if they are approved by one of the following methods:

• Whitelisted by Galleries
• Invitation Code
• Approval Application

Let us go into detail for you to understand properly about the procedure:

Whitelisted by Galleries: Initially, a group of artists that are vetted and introduced to us through our partner galleries get verified and whitelisted on the NFTation platform. These artists are meticulously vetted with specific attention to their authenticity.

Invitation Code: Next method is getting approved through the invitation code. Artists who are approved and can list their works will get 2 invitation codes after their first successful sale and 1 invitation code for their subsequent sales up to a total of 5 invitation codes. They can use these codes to invite other artists to the platform. So, these artists will be vetted by already vetted artists.

Approval Application: This method is for other interested artists. We have a form for such artists with which they can apply for becoming an approved artist. With this, artists will join the platform after they are verified manually. Once verified, they can mint their work.

With all these three methods, artists can successfully get verified or apply for getting verified and mint their work on NFTation.

Giving gifts is changing form nowadays. Today, to gift your loved ones something valuable and something that they would love, you don’t need to wander in the markets anymore. You can gift digital assets as well.

If your loved ones are into digital art, you can transfer them and make them super happy!

To give or transfer an NFT, you should have first minted or purchased that NFT.

After you have chosen the item you want to gift or transfer, you can do so by selecting the transfer option on the item’s page and keying in or pasting the recipient’s ethereum wallet address in the provided field.

You should make sure, wallet address is right as it is crucial to the process. Once you have transferred to the other recipient’s wallet, you can not claim it back. Therefore, to avoid any regrets, make sure the wallet address is accurate.

Gallery feature on NFTation has been of great help to creators. Here are a few benefits of the galleries:

1. Pricing Strategies

   Adequate pricing of the work by artists is often challenging. What strategies to use and how not to ask too high or too low price is a tough subject for new artists to deal with as they have limited experience in the world of NFTs. On the other hand, a well-implemented pricing strategy could immensely impact the performance of the artists who are trying to establish a strong reputation in this new ecosystem. Hence with the help of galleries, artists can find the best initial pricing strategy for their artworks and how it could be planned for their future artworks.

2. Promoting Artists and their Artworks

   With the help of galleries, artists will be able to channel their efforts and energy in their prime area of focus which is artistic creation. They don’t need to worry about promoting their artwork. This has been taken care of by galleries. Without paying anything extra for these services, artists and their artworks will get promoted by the platform. It means that artists will not accrue any extra charges by having their work presented by the galleries.

Hence this productive and efficient feature will benefit all the artists.