How Much Do NFT Artists Make in 2022?

The most significant benefit that the digital world has offered everyone is financial freedom. To make money in today’s time, you don’t need to be a graduate from some highly reputable university. Instead, you just need to be creative and use your common sense to modify yourself with time.

Recent times have seen millennials become billionaires simply by showing their craft through NFT. An NFT artist who can create unique art earns as much as they want by selling non-fungible tokens. 

What Makes NFTs So Trustworthy?

One reason why NFT is so popular amongst people is the fact that it has successfully been able to cut the middleman out of the scene. Intermediaries tend to exploit buyers and sellers while providing their services.

The NFT sales are structured so that this process stops institutions and galleries from being a part of the sales. Hence, the artists can get their due competition for every piece of art they produce or curate.

Another reason why the young generation is opting for NFT art in such a considerable volume is that it is uncomplicated. There are numerous platforms available on which they can showcase their craft quite easily. They simply need to create their accounts on these platforms and start earning within five minutes.

One popular platform amongst them is Voice. It makes things faster, efficient, and stress-free. With the help of Blockchain technology, it has become possible for the artists to earn through the future sales of NFT craft they have made. This breakthrough innovation helps them regain their trust in earning through their craft.

NFT Artists And Their Profit Margins

The average sales profit from NFT is around $1000. This profit margin is what most of the NFT artists make. However, an exceptional artist who curates something unique and astounding can become a millionaire simply by selling that piece. The more effort you put into creating your art piece, the more you will earn from it.

One unique and exciting thing about NFT is that buyers are interested more in the artist than the NFT itself. Fans of an artist look forward to the launch of an art piece by their favorite craftsman and are willing to pay whatever amount he asks for it. If you are interested in non-fungible tokens, you must be aware of Trevor Jones.

He is a traditional artist who is now a millionaire, thanks to his NFT artwork. He has already broken several records selling some of the most sought-after non-fungible tokens. On Super Rare, he holds the record of the highest bid. One of his fans bought his bitcoin angel artwork for $3.2 million.

If you’re a reseller, you can still buy art from a seller and then follow the process of OpenSea and sell it. If you’re good at marketing, you can also make 50 to 100% profit.

Ways Of Making Money Through NFT

For now, artists can earn through their art in sales and royalties. 

Earning through sales is pretty simple. You Just need to sign up on one of the available platforms. For instance, if you choose OpenSea, you need to make an account. Next, display your artwork on it, and the clients will reach you through the search bar. Once the deal is complete, OpenSea will be eligible for some sales proceeds.

You need to pre-decide the portion that the platform would receive. This depends on the worth of your art and auction results or the offers by potential buyers.

What Attracts The Buyers?

The NFT artists don’t only earn by selling off their art but also receive the royalties of their work. It is easy for them to control the royalties, which gives them the confidence to create digital assets. In simple words, royalty refers to the payments the NFT creator gets whenever someone uses his non-fungible tokens. 

What sets it apart from the regular business is that the creator of NFT can set his royalty according to his choice while the minting process is still underway. This means that the royalty is not a fixed percentage of sales; instead, it is what the creator decides for himself independently.

An artist must sign up on a platform to earn from his artwork. Numerous platforms offer revenue out of non-fungible tokens, such as SuperRare and OpenSea. The artists convert traditional and digital artwork into tokens through these platforms. As they prove their ownership of NFTs, they are sold off for some profit.

The fact that blockchain backs NFT furthermore makes it a valuable asset. Blockchain makes the art rare, which no one can copy on claim ownership of.