The article provides guidance on starting an NFT collection with a minimal budget, emphasizing the importance of passion for art and the potential of emerging artists and AI-generated works.
Abstract
The article "How to start NFTs with 1 or less" discusses the evolving landscape of art collecting through NFTs (Non-Fungible Tokens), offering insights into how one can begin collecting digital art without a significant investment. It highlights the transformative impact of NFTs on the traditional roles of art collectors, dealers, and vernissages. The author suggests that with as little as 1, or even for free, individuals can start their NFT art collection by focusing on works from lesser-known artists and AI-generated pieces. The article also touches on the importance of being knowledgeable about the artists and their work, the potential of 3D models in NFT sculpture collecting, and the joy of participating in the art market's revolution. It advises new collectors to prioritize learning and data collection over immediate financial returns and to leverage resources like newsletters and social media to stay informed about the NFT community and market trends.
Opinions
The author believes that the love of art is a timeless prerequisite for art collecting, regardless of the medium or the technological advancements in the art market.
There is an optimistic view on the accessibility of NFT art, suggesting that anyone can become a collector, including those with very limited budgets.
The article expresses that investing in the works of young and emerging artists, as well as AI-generated art, can be a sustainable approach to starting an NFT collection.
It is conveyed that collecting NFTs should be driven by passion and curiosity rather than purely investment purposes, with an emphasis on the educational journey of discovering new artists and understanding the origins of NFTs.
The author encourages collectors to engage with the NFT community, follow influential collectors, and use newsletters to stay updated, indicating the importance of being well-informed in the dynamic NFT space.
The piece reflects on the joy and fulfillment that come from being part of the art revolution, suggesting that the experience is more valuable than immediate financial gains.
It is suggested that the NFT market is influenced by trends, branding, and the ART community, which can affect the value and perception of NFT collections.
Art always looks to the future.
A revolution in the art market is taking place right before our eyes. Many terms and definitions are changing their meaning or even disappearing:
- marchand d’art
- vernissage
- collectionneur d’art
The latter figure — a NFTcollector — is the subject of this article. The contemporary art collector, especially the one who is beginning to build his collection, has unlimited possibilities for the first time in history. It has never been so easy and at the same time so economical.
There is only one condition
“Love of art”
This condition is the same (no matter what revolution)
My first work that found a collector on the opensea.io platform was a MPEG-4 movie file -title — Nabucco, Verdi, Va Pensiero (Chorus Of Hebrew Slaves). Price 0.08 ETH, but for many it is understood to be around $160 — a price that makes collecting NFT art seem affordable. The file is music generated by the MLearning.ai algorithm. The first presentation took place during the organ recital at St. Anne’s Mountain in January 2020. Within a month, the price of the file changed to 0.8 ETH. You can listen to the file for free here:
NFTartists need NFTcollectors, and we are really expected to start our collecting adventure with low amounts, say $1 or less. My last work “sold” for $0.0 XTZ is about $0 ; ). You read that right, you can become an NFT holder for $0. You’ll learn how to do that later in the article.
Your first encounter with the NFT platform will probably be exciting, but the best time to start collecting NFT is always. Just like in love, procrastination is a waste.
How to buy NFT
opensea.io A sustainable start to collecting NFTs is to invest in the work of young artists. In the world of contemporary art, there is probably no loss. The bargains come after the fact, and every purchase involves risk. A sustainable way to start collecting NFTs is to invest in small works by both famous and lesser known names.
Personally, I started collecting at $1 XTZ, I bought a work by an artist friend @augmentedman — the title of the work : Miracle
The ability to discover young talent focuses on selecting less established artists and finding very young artists. In the world of NFT there is also no problem with sculpture — a 3D model available, for example, on the platform sketchfab, here the works can be purchased for ordinary dollars (FIAT) . Fiat money (or fiat currency) is government-issued currency that is declared to be legal tender and is not backed by a commodity such as gold.
Never underestimate jpg-files. Works closed in 512x512 pixels are often the genesis of a larger work. Following the hierarchy of masterpieces, jpg or tiff is considered a smaller form than MPEG-4 or HTML and usually costs much less.
How to buy a sculpture
sketchfab — platform with 3D models, here you can also find normal scans that do not represent a major collector’s value. It is worth seeing below an example of a collection related to the project myFatherintheCloud.ai. Sculptures generated from MLearnig.ai models. The database used for training consists of 60 years Siegfried Gross’ creative work.
This article does not constitute investment or financial advice, it is merely the artistic thoughts of the author
Don’t start with the idea of investing. Start simpler. Start collecting data. Start by collecting information about artists. How are you going to get them? Where are they coming from? Are you able to contact the artist? Learn it early and it will strengthen your overall collection. For example, can you see that the artist you are interested in is being watched by others?
What can you do then? Watch him. Get valuable information. Educate yourself about the origins of the NFT. Learn how to filter, observe, etc. Know how to play with the NFT and turn it into joy in the art.
These are the two steps you will spend most of your time on.
Then you move on to buying and selling.
And then you have options: invest, promote, and list. None of them is more important than the other, and they are all useful for each other.
Have fun with NFTcollecting then
Don’t just start investing. You need to understand the process or you will be of limited use.
Why are you building the NFT collection?
What are you trying to accomplish with it?
And why?
How to buy one piece for $ 0
In the space of the NFTcommunity there are projects that bring together recognized artists with accomplishments in the field of AI art, it is worth following collectors like evARTology . A lot of information in the NFT world changes in real time and requires constant attention. It’s worth taking advantage of the newsletters below to receive constantly updated news. When you sign up, you will receive information on where to find best NFTs for less than $1.
It’s buying a postcard. But of course it’s a bit more complex than that ; ) The NFT is dictated by fashion and the market, and to some extent by the branding impulses coming from ARTcommunity, curators and auction houses. The most important thing about the NFT collection is the joy that comes from participating in the revolution in the art market, a revolution that we are witnessing.
the best time is right now
Thank you for reading my article, as you probably figured out I am not a writer but a DATAsculptor, forgive me for my stylistic errors. The article was created with the support of AI_consierge from MLearning.ai