If you’re looking for eye-popping opportunities to make money on 3D modeling, 3D NFTs might be an answer. Since many are excited about the promise of digital assets, the industry is growing by leaps and bounds. What exactly can you do as a 3D NFT maker to earn from your work? This article looks at the most straight forward ways to make money on NFT marketplaces.
What is Blockchain Gaming and The Metaverse?
One of the most promising areas of blockchain’s practical application is gaming. The massive integration of blockchain into the gaming industry significantly changes the sector.
Blockchain allows gamers to tokenize in-game items and turn them into NFTs (Non-Fungible Tokens) — digital assets with unique attributes. Thanks to new technology, gamers can actually own in-game items and not depend on developers: such items cannot be taken away as a penalty. Moreover, they will be transferable from one game to another. Thus, characters and equipment will belong only to the player, not to the developers.
Blockchains can create a decentralized game market where gamers can trade their characters, in-game items, and assets. Trading of in-game artifacts is common now, but more often than not, it’s about selling an account bypassing the developers. Blockchain allows players to trade digital assets, while developers receive a part of the profit from such transactions.
The decentralized market also fits perfectly into the decentralized finance (DeFi) sector. The greater variety of liquidity pools in this sector means that players can trade directly among themselves. The assets and currencies of different games — everywhere! Another advantage of DeFi in blockchain gaming is that gamers can earn passive income from lending their game assets to liquidity pools in exchange for a percentage. With all that said — Blockchain gaming has tremendous growth potential, which is the biggest interest for 3D creators: designers, modelers, and artists.
3D NFT Makers and The Metaverse
Blockchain-based gamification allows developers to launch a metaverse — a virtual place where gamers can transfer characters and gear from one game world to another. We will need to constantly confirm ownership of our avatars’ clothes and artifacts, virtual real estate, event tickets, and more in the metaverse. NFT, thanks to its ability to create unique tokens and the transparency of blockchain transactions, fits perfectly when it comes to registering ownership of an object.
The metaverse, in many ways, will be developed by entrepreneurs providing services, creating content, and doing a lot of things useful to the metaworld. However, monetization is among the most important things for entrepreneurs. That’s why NFTs are so valuable.
Imagine an online movie theater will issue time-limited tokens for the right to watch movies. Tokens can also be a ticket to a private club, an event, or another planet (how about that, Elon?). With an NFT purchase, you can own a virtual piece of land, build a virtual property on it, create an NFT for that property and rent it out, earning money.
What is The Smart MFG 3D NFT Marketplace and How Can You Use It to Make Money?
Smart MFG is a blockchain company launching the world’s first 2D & 3D model NFT marketplace for Metaverse Buildup, Novelty & Vintage, Art & Architecture, Automotive, Space & Aerospace engineering, Industrial Design, Concept Artists and more. Any 3D maker, modeler, industrial engineer, gamer, collector, and more can explore, collect, and sell Invaluable NFTs using the marketplace.
How Smart MFG 3D Marketplace Works for Creators?
As a 3D artist, you probably use some resources like TurboSquid, Blender Market, SketchFab, Daz3D, Renderosity, etc. Smart MFG is a tool to bootstrap your income as a 3D maker. Smart MFG offers a wondrous world of opportunities to any 3D creator.
1. Authentication Of Your Work
Any creator can digitally sign its work by creating a tokenized certificate—no more authorship worries. Smart MFG leverages the power of the Ethereum blockchain to protect creators’ rights. You will then monetize your work and also continue to benefit from it when it is re-sold down the line in secondary sales.
2. Set a Price & Run an Auction
As a creator, you have a couple of options. Set a price you think is reasonable or let others compete over your design. If you feel confident about your project, make sure to launch an auction. A person with the highest bid will own your NFT.
3. Get The Most Of Early Access
Smart MFG’s early access means onboarding a selected number of hand-picked creators. If you want to be among the first ones to be listed, make sure to use the on-site form. You can get on our waitlist for the upcoming launch.
How Smart MFG 3D Marketplace Works for Collectors?
Any collector can make use of the Smart MFG NFT marketplace. Here is how it works.
Discover Tokenized Digital Design Assets
Any collector can find the assets once a 3D maker, designer, or creator issues authenticated NFTs. Smart MFG marketplace uses the power of Ethereum blockchain to prevent forgery, provide safety for the collectors.
1. Buying & Selling NFT Assets
Collectors have many options to buy an NFT asset. They can buy at the asking price or make an offer by placing a relevant bid. The marketplace also allows selling NFT assets on the secondary market. If anyone wants to buy your asset, you can sell it on the Smart MFG Marketplace.
2.Showcase Your NFT Collection
Any collector can customize its collections to show them off. The marketplace offers a VR gallery, digital display, or any other method a collector prefers.
How to Get Started as 3D NFT Maker & Modeler?
You only need two things to get started: an NFT itself and a 3D NFT marketplace to sell your project. Let’s break that down to understand the first steps to earn some money on your talent.
We suppose that you already have a 3D NFT project. If you’re not sure how to make your own 3D NFT, read our stand-alone article about 3D NFT creation.
Smart NFT provides each user with flexibility regarding the fees to mint and transact NFTs. You can either face costs upfront, either in Ethereum (more expensive), or choose to leverage a more cost-effective layer 2 chain to bring your assets onto the NFT platform. A third option that will be provided is lazy-minting or just-in-time minting, which will allow users to lower the barrier to entry for NFT creations by making it possible to create NFTs without any up-front costs. Here is a go-to guide on how you can get started.
Step 1: Configure MetaMask Wallet
All cryptocurrencies, NFTs, and their owners are kept on the blockchain. The wallet ID is used to identify ownership. However, wallets don’t store cryptocurrency or NFTs. The first thing you have to do is set up your crypto wallet. This wallet will help you to hold NFTs and to pay for blockchain gas fees.
You can download any major wallet available online. The most prominent option is the MetaMask wallet; however, you can use any wallet of your choice. Regardless of your choice, you have to remember the seed phrase. Keep it safe no matter what, as it’s the only way to restore access to your NFTs.
Step 2: Tokenize Your Art
Once you have a MetaMask wallet, you will be able to create your own NFTs. Go to Smart SMG 3D NFT marketplace and click the create button. Then connect your MetaMask wallet and create a new name for your NFT collection.
From now on, you can upload your 3D models and eventually tokenize them. Last but not least, determine the number of copies for your NFTs and pick a price.
Step 3: Post Your NFT on the 3D Marketplace
The Smart MFG marketplace needs your permission to sell NFTs from your account. Once you grant access, you’re free to make your first transaction. Make sure to put some Ethereum (ETH) on your MetaMask wallet, as it needs ETH to cover transaction fees.
You can use any major crypto exchange to buy ETH. For example, you can navigate to Binance, Coinbase, Kraken, etc. Assuming you’ve bought ETH, send it to your MetaMask address. Once you have sent some Ether to the MetaMask, you are ready to go. Сongratulations! Now anyone can find and buy your NFTs on the Smart MFG marketplace.
Join Smart MFG 3D NFT Marketplace
You have to design a 3D model and export it to the Smart MFG NFT Marketplace to get started. If you’re not sure how to create a model, make sure to check our article covering the topic.
If you already have any NFT in your ETH wallet and want to sell it, you can use the Smart MFG 3D NFT Marketplace. To do that, you have to check the website.
Click on the “Join our early access group” button to proceed. By clicking the button, you will be asked to fill a form. Make sure to fill it — we’ll reach out as soon as possible.
How Smart MFG 3D NFT Marketplace Works?
To get traction on the Smart MFG 3D NFT Marketplace, click on the icon in the upper right corner and agree to connect to your wallet through MetaMask.
If you visit the website using TrustWallet, you can skip this step — the wallet connects automatically. If you go to the site through a mobile browser, the menu will be in the upper left corner. Once you go to the Items menu, you will see all the NFTs that are stored in our ETH account.
Creating an Order to Sell 3D NFTs
To sell an NFT, you need to click on it and use the Sell button on the page with its description. This will open a Sell order window. There you can select one of several order types:
- Selling the NFT at a set price
- Launching an auction. You specify a minimum bid, and those who want to buy compete by offering a higher price
- Adding multiple NFTs to a sell order. Selling in bulk, so to speak
The Set Price option works well for most 3D NFT makers. By default, the price is displayed in ETH, but you can choose other cryptos. We recommend selecting stablecoins so that you can see the price in dollars. To complete your sell order, click the list button. If this is your first attempt to sell something on the SmartMFG 3D Marketplace, you will have to pay a fee.
Determining the Best Price for Your NFT
To determine the price you can set when placing a sell order, you should look at the recent trading history for similar NFTs. Open your NFT and click on the name of the project that issued it.
Alternatively, you can filter the price and sort it by recent sales. Look for the same NFTs as the ones you want to sell. Сheck the prices and try to find the average one. By averaging the prices, you can set a reasonable rate for your NFT.
Once you have determined the price, you can create a sell order and wait for someone to buy your NFT. You can later lower the price without canceling the order. To do this, use the special button and specify a new price, which must necessarily be less than the current price. Remember, you can’t set the price higher without canceling the order (you’ll have to cancel it and pay a fee).
ABOUT SMART MFG
Smart MFG Tech is a blockchain company focused on Industry 4.0 Digital Transformation and promoting new data mobilization technologies, including IIOT (Industrial Internet of Things) for use within the manufacturing industry. Smart MFG is launching a 2D & 3D model NFT marketplace for novelty & vintage Art & Architecture, Automotive, Space & Aerospace Engineering, Industrial Design and more. Smart MFG also offers Supply Chain DeFi programs using $MFG in partnership with a growing blockchain partnership ecosystem for Industry 4.0 digital transformation.
Smart MFG Tech promotes digital transformation of industrial manufacturing supply chains using blockchain as a key building block of Industry 4.0. MFG Tokens® incentivize collaboration and speed across supply chains and can be used to create custom rewards and compensate manufacturers for time and accuracy put into competitive tender bids.
The token integration use case applications in Manufacturing Supply Chains include digital record and digital asset tokenization, advanced supplier incentive programs and supply chain decentralized finance innovation. Supply Chain Companies interested in Smart MFG partnerships can submit your requests here: http://smartmfg.io/partners
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