Post Image
  The Nigerian social media space went haywire when a Nigerian photographer @adisaolashile took photos of an old drummer and sold them at OpenSea as an NFT for more than N1 million. As promised, he gave the old drummer 50% of the money. The photographer said he took the photos when he was going for his Community Development Service, CDS, in Ibadan. This development has led to the rise of NFT trends and its financial opportunity in the Nigerian social media space.
Read more about Fintech
For starters, NFTs are digital arts that are showcased on online marketplaces called exchanges for people who appreciate them to buy. NFT is not new, yet we can call it a nascent technology within blockchain technology. It has been generating much buzz in the media lately in the way it enriches art creators. Many experts have argued that NFT will empower creators. However, selling an NFT depends much on the capacity of the art creator to market their artworks and let prospective customers see their values. The quest to mint your first piece begins with obtaining a crypto wallet and registering on an NFT marketplace. However, don’t very excited yet about making quick cash. NFT is like any other enterprise that deserves your hard work, patience and ingenuity.   In this article, we shall use OpenSea, a well-known NFT marketplace, as an example to show how Nigerians can make money selling their arts as NFTs. Nonetheless, it should be pointed out that all marketplace does not run the same way. So in this article, I’m showing you a 5-step process toward selling your pieces as NFT using OpenSea.

  1. Sync Your Wallet

The first step towards making your photos digital arts is to open a crypto wallet and link it to your OpenSea account, the NFT market where you want to market your digital arts. To do this, login into your account and click on the “Create” button in the top corner to get yourself started. It should be pointed out that other marketplaces have identical prompts on their site that are similar to OpenSea’s own. As soon as your wallet is synced, give a brief introduction about yourself so people can know you. 
Sign up to the Connect Nigeria daily newsletter

2.  Creating Your First Piece

When you have logged in to your OpenSea account, click on “Create” where you will be asked to upload your file. OpenSea accepts various files like Jpegs and MP4. You will be presented with boxes on your screen where you’re to describe your file. You are also required to select which network you want to mint your NFT on. Prominent ones are Ethereum and an Ethereum-based protocol called Polygon (MATIC). The last stage towards creating your NFT art is clicking the “complete” bottom and your first NFT is minted. 

3. Fund Your Wallet

Let us not forget that your wallet is connected to step 1. Ensure that your wallet has some money in it, that some eth. This is crucial as making any sale on the blockchain requires that you pay some fees known as gas fees. Before selling any artwork and piece at all, it is necessary to have some money deposited in your wallet. Don’t worry about how much the fees would cost, the OpenSea system will do the calculation for you. 
Register to attend  the Connect Nigeria Business Mixer
4. Selling Your NFT After a successful process of minting your NFT, you will then move to the marketplace and click on “Sell” on the page your piece is on. From there, you have the choice to either select the type of sale you want, which is between a time auction and selling at a fixed price. After this, the marketplace will also notify you of the fees you would be paying for any sale made, and OpenSea charges around 2.5% of the selling price. 

  1. The Power Of Networking

Minting and putting your NFT up for sale is not enough. You are not going to automatically have money simply because you have put up your NFT for sale. You are going to hustle like a salesman. There is a need to go out there and connect and network within the NFT community and share your collection with people. The more popular your works are, the higher your chances of getting someone interested in it. The negative aspect of NFT is that you might spend so much money-minting it without having anyone to buy it.  Featured Image Source: Pixabay
Got a suggestion? Contact us: editor@connectnigeria.com    
You might also like:
This article was first published on 13th April 2022

nnaemeka-emmanuel

Nnaemeka is an academic scholar with a degree in History and International Studies from the University of Nigeria, Nsukka. He is also a creative writer, content creator, storyteller, and social analyst.

Comments (103)

103 thoughts on “NFTs: 5 Steps Nigerians Can Follow to Convert Their Photos Into Digital Arts And Make Financial Profit ”

Leave a Reply

Your email address will not be published. Required fields are marked *