Here’s What Creators Need to Know About NFTs

The NFT landscape feels overwhelming, even if you’re already familiar with the world of crypto.

I’ll make it easy for you.

Here are your two options if you’re a creator wanting to get into NFTs.

1. The complicated way

You could get into huge marketplaces, like OpenSea — the Amazon of NFTs.

On those, buyers and sellers can find anything from NFT songs to digital art, trading cards, web domains, and pieces of virtual land. Good luck trying to stand out as a creator selling your NFTs in these saturated marketplaces.

Worse, you’ll have to pay hefty “gas fees” just to list an item for sale, due to the blockchain most of these marketplaces operate on (Ethereum).

This means you’ll pay up to tens of dollars to list your content with no guarantee it will ever sell, lost in an open sea of NFTs (no pun intended). In addition to these costs, there are usually transaction fees that both you and buyers need to pay to buy or sell an NFT.

Oh, and on top of that, you’ll have to spend time working out how these platforms work. To create a collection on these platforms is a process in itself.

• Pros of this option: well-known platforms.
• Cons of this option: hard to use, expensive and over-saturated.

2. The simple and easy way

Luckily, there’s an alternative that’s built for creators and fans.

It’s called Melon, the NFT marketplace for influencers and their audience, which I’m part of.

Melon lets creators turn existing social media content into NFTs in a few clicks, for fans to trade and redeem exclusive rewards.

It’s so easy that anyone can mint and sell their NFTs. Don’t believe me?

Here’s how it works:

And you won’t need to worry about “gas fees”, since Melon uses a much more efficient blockchain. Good news, right?

Fans can then browse NFTs by categories, such as Art, Dance, Music and Gaming — and place bids on the assets they like.

When a creator accepts their bid, the asset is automatically transferred from the creator’s collection to the collectors’, once again with a super low transaction fee charged by the platform. All you need is a MetaMask wallet to list and trade top social NFTs on the site.

And there’s more. Every creator and collector on Melon will have their own, custom collection page.

As a creator, this helps you promote your NFTs across socials. For fans, it lets them show off their collection and gives their social status a boost.

• Pros of this option: super easy to use, extra-low fees, and no hassle. Made for creators and fans.
• Cons of this option: new platform and segment in the market. To be tested.

Source: https://medium.datadriveninvestor.com/heres-what-creators-need-to-know-about-nfts-3eb409fd148f?source=rss——-8—————–cryptocurrency