Top 6 Skills NFT Creators Should Have

NFTs, or non-fungible tokens, are blockchain-based tokens that individually represent a special asset like artwork, media or digital content and other types of digital property. 

Nevertheless, an NFT Creator is someone who creates digital assets such as artwork, music, videos, and game skins, which are then tokenized and sold on the blockchain. NFT Creators can sell their work in a variety of markets, including crypto art galleries, gaming platforms, social media sites, and more.

Moreover, creators can also set up royalties so that they get a share of the proceeds anytime their work is sold to a new owner. Because most creators do not receive further income after their work is sold, this aspect is appealing.

In this article, we have listed 6 skills that an NFT creator should have. Let's analyze them.

Skills

If you already have some of the skills mentioned in this article, you have a great opportunity to earn by creating and selling digital goods. On the other hand, if you lack the skills listed, the majority of them are simple to learn and require little to no initial financial investment.

Interpersonal Skills 

Being an NFT creator is about interacting with an audience. Your interpersonal skills are equally important as the work you have done. However, to make money from your creative work, you should also have a set of interpersonal skills. 

Here are the interpersonal skills you may consider improving your performance among other digital creators.

#1 Perseverance 

It is essential to understand that achieving success usually takes time and effort. As the NFT industry grows, so does the level of competition, requiring patience and, most importantly, perseverance. Forming connections with other NFT creators and community members helps to keep you inspired and motivated. Working together with others might also help you increase your audience and attract new followers.

With practice and effort, perseverance is a skill that can be acquired over time. You can improve your chances of success as an NFT creator by staying dedicated to your vision, learning from mistakes, connecting with others and working together, and taking care of yourself. 

A good example of perseverance is the story of a 22-year-old man named Ghozali (@Ghozali_Ghozalu), from Indonesia who took selfies every day from 2017 to 2022, and he sold them as NFT on the Opensea. His collection is titled “Ghozaly Everyday” and he sold 933 NFTs.

#2 Consistency 

Being consistent is essential not only for success as an NFT creator but also for success in any other aspect of life. 

There are many efficient strategies to keep consistency, such as choosing and sticking with a particular theme for your artwork, creating a huge and consistent portfolio, dedicating time daily to brand awareness, engaging in self-promotion online daily, persevering through hard work, and so on. 

Arnt Eriksen shares more about why consistency is the key to NFT marketing success. 

#3 Self-Promotion / Marketing Intelligence

NFT creators should be able to successfully advertise their products online. Understanding social media platforms, email marketing, influencer marketing, and other digital marketing strategies is a necessity. Additionally, they need to know how to evaluate the results of their marketing initiatives using metrics like engagement, click-through, and conversion rates. 

Socializing your NFTs could boost your visibility and sales eventually. Facebook, Instagram, Twitter, or LinkedIn could give you a hand in raising awareness about your NFT(s). If you have the time, start a YouTube channel and post tutorials, blogs, or videos of your artistic process there.

NFT creators must be able to analyze data on their NFTs' performance and use that information to shape their marketing and business strategies. They should be able to understand how to gather and interpret data on sales, engagement, and other key metrics.

NFT markets have forums like Discord where you may talk to other NFT digital creators, respond to their inquiries about topics you've already mastered, and inquire about topics you're still struggling with.

Professional skills

To be an NFT creator you also need professional skills, which will help you to make your artwork, to analyze the market and to do qualitative research to understand all these things. Let's see what they are and why you need them.

#4 Digital Art Proficiency

Creators are at the heart of the NFT world, they create non-fungible tokens that are traded in the marketplaces. An NFT creator's digital art proficiency skill is reflected in their capacity to generate attractive artwork and sell it. Graphic design, animation, video editing, 3D modelling and others, are just a few examples that can be used in digital art. Software and digital tools like Adobe Creative Suite, Procreate, Blender, and other digital art software are used to create digital art.

Creators can form teams to create collections. Collections are multiple pieces of NFTs bundled up. Selling your work as NFTs is simple for experienced creators, due to marketplaces like Opensea, Rarible, Looks rare, and others. It is easy to register, upload your artwork, and list it for sale.

Depending on your budget, beginners in the industry who want to be founders can either create a team to develop a project or hire freelancing creators on sites like Fiverr and Upwork. As a creator, you may also sell your services to buyers on freelance websites. 

#5 Digital Economy Fluency 

Knowledge of the digital economy is fundamental for NFT creators because it lets them grasp the larger context in which their work resides and uncover new options for growth and monetization. 

These are some essential aspects of digital economy expertise that NFT creators should be aware of.

NFTs are based on blockchain technology and are frequently purchased and sold using cryptocurrencies. Moreover, NFT creators should understand how cryptocurrencies work, and they must also know the benefits and limits of blockchain technology and cryptocurrency. 

“The Merge” the creation of Pak, officially broke the record for the most expensive NFT sale, with nearly 30K collectors for a total cost of $91.8M.

As e-commerce platforms and marketplaces are the main distribution channels for NFTs, NFT creators should be familiarized with them. Such as Opensea, MagicEden, Rarible, SupeRare and JPG.store. They must know how to use these platforms to list and value their NFTs and also how to conduct transactions.                       

Another aspect regarding intellectual property laws, such as copyright, trademark, and patent legislation, must be understood by NFT creators. You should respect other people's rights and protect your own intellectual property rights. 

Therefore, you can position yourself for long-term success in the competitive market of digital assets by keeping relevant with the most recent developments and technology in the digital economy.

#6 Research / Stay up-to-date 

One of the most satisfying aspects of this new digital art environment is originality. It's always a good idea to see what people have previously sold and what no one has intended to sell or create.

Just pick one of these industries, go all and just become as knowledgeable as possible. One sort of NFT, such as Utility NFT, NFT Games, or Profile Images NFT. What market? What moved in the market? What projects were moving? Went up or went down? These are some of the many questions you should always have.

Keep your artistic integrity while striving to be innovative. Spend some time trying to identify trends that are already successful outside of NFT markets but have not yet been adopted there. An NFT creator must always be aware of the latest news and trends about NFT and cryptocurrencies. You need to be informed about new blockchain platforms, markets, and technologies related to NFT.

Exploring other artists' and creators' portfolios, styles, and techniques, NFT creators can learn and inspire from their work. This supports them in identifying new opportunities, defining their own style, and remaining competitive in the NFT market.

NFT creators must have a solid understanding of digital art methods and resources, such as hardware, software, and other artistic tools and techniques. To produce original and cutting-edge digital art, they should research and test out new tools and methods.

Conclusion 

To sum up, in this article we have presented some skills that an NFT creator needs to be able to create his works of art as well as to present himself qualitatively on the market, find buyers and collectors, how to analyze the market to be successful in everything he does.

And if we talk about the NFT marketplace in the present, it has a worth of more than $7 billion, which is less than the total volume of trade. At this time, there had been little over $10 billion worth of trades. This assumes that NFT values are consistently declining, which has obviously been the case since the end of 2021. However, if you are passionate and eager to try a new field like NFTs, better now than never.

Stats and Facts 

• The first NFT is Quantum, by Kevin McCoy which was released in 2014. Quantum was created on the Namecoin blockchain before Ethereum, the now-dominant NFT blockchain. McCoy's NFT included a video clip made by his wife. It was eventually sold for $4. The NFT was sold again in early 2021 for $1.4 Million. (Source) 

• The cost of minting and selling NFTs is around $100. The average cost of minting and selling an NFT ranges between $70 and $120, but can reach thousands of dollars. (Source) 
   
• One of the most expensive NFT memes ever sold was the Shiba Inu named Kabosu, sometimes known as the “Doge” meme. It went for $4 million. (Source) 

• Mike Winkelmann, also known as Beeple - a digital artist, sold an NFT titled “The First 5000 Days”, which is one of Beeple's most successful NFT projects. It's a collage of 5000 individual NFTs he made for his daily series. In March 2021, it sold for an astounding $69 million (42.329 ETH) at Christies Auction House. (Source)

• In a recent Money Magazine and Morning Consult study, only one out of 4 Americans can correctly define an NFT. The newspaper surveyed 2,210 people, and 35% had no idea what non-fungible tokens were, and just 26% could explain what they represent. (Source)
   
• Now, the collectibles market is the fastest growing with 43.3%, in comparison with the other fields. People are particularly interested in purchasing NFTs that they can collect and keep for a long time. (Source) 
• The first and largest NFT market is OpenSea, which has an annual trading volume of over $6.5 billion. (Source)
   
• According to Google Trends, Chinese and Singaporean citizens are the most interested in NFTs as of 2021. The Venezuelans came in third place. Unexpectedly, the US did not even rank among the top ten nations. (Source) 
   
• Ethereum uses almost the same amount of electricity as Hungary and Qatar. (CBS) Ethereum currently consumes 44.94 terawatt-hours of electricity, which is comparable to the annual use of many countries. Also, it produces about 21.35 metric tonnes of CO2 annually, which is comparable to Sudan's carbon emissions. (Source) 
   
• Cryptocurrencies like Polygon emit 1% or less of Ethereum's CO2 emissions. The majority of NFTs operate on the Ethereum network, which by the end of 2021 is expected to consume 104 Terawatt-hours annually. On the other hand, proof of stake technology like MATIC only uses roughly 0.00006 Terawatt hours annually. (Source)