NFTs have exploded in popularity over recent months, and now everyone wants a piece of these sizzling new collector’s items that span everything from digital art to music, photos, videos and fashion designs.
Currently being sold for incredible amounts of up to a million dollars or more, technically anyone can build their own NFT and jump on board this quickly developing trend that is rapidly becoming integrated into nearly every aspect of our lives.
There’s no doubt that NFTs are refining and transforming the way that we do business, and they offer a unique opportunity for companies to grow and expand in a creative and absorbing way.
What are NFTs?
Standing for ‘non-fungible token’, NFTs can be defined as digital assets verified, registered and stored on a blockchain. It gives the owner of the NFT digital ownership.
Able to be bought or sold, NFTs are part of Web 3.0, the third generation of internet. Decentralized internet based on block-chain technology.
The metaverse is a virtual reality space where people can work, play, shop, socialize — in short, do the things humans like to do together in real life.
The metaverse has now been expanded to create digital worlds where people can embark on all kinds of adventures and even attend large-scale music concerts or sporting events through artificial intelligence (AI) simulations.
What does it cost to make an NFT?
The cost of making an NFT can vary greatly according to the market and the blockchain that you use to create the NFT.
On the lower end, creating an NFT can cost as little as a couple of dollars. However, if you are listing an NFT on a website, then you may also need to pay some transfer fees (so called gas fees) on top of this too.
That said, some specific platforms will allow you to defer the minting fees of an NFT to the buyer, or you can always create an NFT backed by a blockchain that doesn’t have fees. So, this means that in many cases it can actually be a lot cheaper to make your own NFT, than buy an existing one.
Who can create NFT?
As alluded to above, technically anyone can make an NFT. However, it is a very technical process and there can be consequences for not doing it correctly and creating a digital asset that you don’t legally own.
Therefore, rather than attempt to make one by themselves, many people choose to enlist the help of a company that specialises in making NFTs.
SkyeNFT, based at Yas Creative Hub in Abu Dhabi, is the first full-service NFT company in the entire MENA region. We are exceptionally proud to have such an innovative and forward-thinking brand as part of our incredible community hub of creatives and entrepreneurs running businesses in Abu Dhabi.
SkyneNFT boasts extensive expertise in creating successful NFT projects for ambitious brands that are eager to expand and grow their business by utilising blockchain technology in imaginative ways.
Siegrid Althuizen, CEO SkyneNFT said: “The most important aspect of marketing is to be ready for new trends before they become trends.
Nowadays, everyone is talking about Web 3.0. In the wake of such interest, many brands have made the first step with NFT projects or creating metaverse experiences. We are proud to be the first full service NFT company in the UAE.”
How to create an NFT?
Creating an NFT is a technical process that involves lots of different steps. This includes deciding on what your business model is, what type of NFT it is going to be, working out how it will boost your business, adding it to a marketplace or website where it will be displayed, and launching it in a way that gains it lots of positive attention.
Taking people through the entire journey of making, establishing and selling an NFT, SkyneNFT helps businesses define their NFT business model, explore ways that NFTs can enhance their company’s current strategy, and of course make each NFT and bring it to life using intricate designs and mesmerising animations.
SkyneNFT also sets up the smart contracts (digital contracts), websites (to mint NFTs) and other digital content to go with each NFT, and helps the creator build up some hype and buzz before the finished NFT is launched and potentially sold.
What is an example of a successful NFT?
Amongst its many achievements, SkyneNFT is the talented creator of the world’s first abaya NFT collection.
Launched in March 2022 in collaboration with Ilja Visser, the world-renowned haute couture designer, the groundbreaking digital collection is already making waves across the world.
Designed to empower and uplift Arab women, it features an array of stunning elegant, chic and sophisticated Arab fashion runway looks.
Ilja Visser has been leading the way as one of the biggest names in the fashion world since she made her breakthrough appearance at the Fédération Française de la Couture in Paris with her head-turning FW 15/16 couture collection.
Following this landmark moment, some of the world’s most famous celebrities, including Lady Gaga, Kourtney Kardashian, Avril Lavigne, Alicia Keys and Janet Jackson have gone on to buy her designs.
Now, she is embracing the new trend for NFTs by becoming the proud owner of the first digital Arab fashion couture range. Encompassing 50 unique abaya NFTs, the stunning and mesmerizing collection allows fashionistas to explore each look in a fully immersive and engaging way.
Indeed, every abaya NFT includes:
- The abaya NFT itself.
- A personally developed image where the buyer is wearing the NFT as a digital outfit (wearable).
Not only that, but the five rarest abayas in the collection will also be presented in an animated version, providing a further immersive and multi-sensory experience for those viewing them.
Created by such a huge fashion name as Ilja Visser and presenting a one-of-a-kind idea that has never been seen before, the abaya NFT collection is the perfect example of a valuable, desirable and earth-shattering NFT that is now trending throughout the Middle East and beyond.