NFTs (Non-Fungible Tokens) are unique tokens created using blockchain technology. Unlike cryptocurrencies, which are interchangeable for equivalent units, NFTs are unique and non-replicable. Each NFT represents a digital asset, such as an image, video, game, tweet, and more.

According to our lawyer, Fátima Espinal, ownership of an NFT is recorded on the blockchain, allowing the owner to prove the authenticity and exclusive ownership of the digital asset.

“NFTs have become a popular tool for collectors of digital art and have been used in auctions to sell digital artworks at very high prices,” our specialist notes.

If you’re an artist and want to enter the world of NFTs, the steps are quite simple and don’t require expensive tools or extraordinary knowledge, according to Espinal. This way, creators can benefit from the subsequent sales of their work thanks to copyright, “allowing them to earn long-term income,” says our legal advisor.

“The process of creating an NFT is not complicated, burdensome, or technical. You only need your artistic skills and a computer,” comments our head of the Intellectual Property Department.

To turn art into an NFT, Espinal advises following these steps:

1. Create a Crypto Wallet: The first thing you need to do is create a crypto wallet to store your NFTs. There are many options available online, but it’s important to research thoroughly before choosing one.

2. Create a Design: After creating a crypto wallet, you’ll need to create a design for your art that fits the specifications of the NFT platform you choose.

3. Choose a Platform: There are many different NFT platforms online, such as OpenSea, Rarible, and SuperRare. It’s important to research each platform thoroughly before making a choice.

4. Upload Your Art to the Platform: Once you’ve selected a platform, you’ll need to upload your art and create a smart contract. A smart contract is a code that establishes the terms of the sale and ownership rights of the NFT.

5. Set a Price: After uploading your art and creating a smart contract, you’ll need to set a price for your NFT.

6. Promote Your NFT: You’ll need to promote it so that potential buyers can see it. You can promote it on social media and other art websites.

7. Sell Your NFT: When a purchase is made, the NFT platform transfers it to the buyer’s crypto wallet and pays you the agreed-upon price.

If you have more questions about this or other topics, you can contact us through our social media channels or by visiting our offices located at Calle Cuscatlán, #4312, Colonia Escalón, San Salvador, El Salvador.