Lindsay Lohan On How To Make Money Off NFTs
  • 06/10/2021
  • Written by Jacob

The celebrity world is running amok amidst the NFT craze and the mania is only intensifying. As more artists, musicians, and creatives begin to explore the relationship between blockchain technology and digital art, new opportunities to make money in the metaverse arise.

Just recently, Lindsay Lohan became the newest star to sidestep into the NFT space after selling her music single “Lullaby” for $85,000. And not long after, the celebrity came out with this list which includes seven tips on how to mint your own NFT—and most importantly—how to sell it to the highest bidder. 

Step 1: Choose your NFT
I believe that what makes a great NFT is creating something that tells a story through a new medium. By using technology, I can now elevate my life stories and tell them in ways that are more authentic to me. 

Step 2: Mint your NFT
Currently, I’m working with the right platforms to mint my works so that I can focus on creating my NFTs. Maybe in the future, I might mint my own, but for now, I’m happy doing it this way. Ideally, you can search a marketplace such as Rarible, which allows creators to have open access to launch their piece of art. 

Step 3: Download Metamask
You’ll need a Metamask wallet with $100 worth of ETH and your art in the format of a JPEG, a GIF, or an MP4. A metamask is a more secure way to hold your NFTs and your coins or tokens. But you’ll also have extra security with an extra USB drive. 

Step 4: Create your profile
Simply go to Rarible.com and connect your Metamask Wallet and follow the steps on the website to create your profile. Click on “Create,” and follow the steps to upload your art as an NFT. 

Step 5: Approve the transaction
Approve the transaction using your Metamask, and within minutes your NFT will be ready for the world to explore and buy. 

Step 6: Make some money
There are various ways to do it, but the best way to get discovered is to build a community from day one involving your creative persona. Give people something more than just an NFT. Access to a stronger creator-and-buyer relationship is key. 

Step 7: Build a community 
Once you have one, you will have selling power, and then you can use what you make to empower other smaller artists, thereby keeping the cycle going. Got it? Good luck.

(Read Lohan's original article here

 

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