With digital assets’ security being a top priority for people, NFTs provide secure ownership and authenticity of those assets. In 2021 alone, there have been more than $17 billion in NFT sales. As a result, this has provided opportunities for designers worldwide to take a bit of that cherry in the global NFT marketplace.
In today’s rapidly growing environment, it is crucial for designers to stay up to date and know what they shouldn’t be missing out on. In this blog, we will talk about NFT design and how designers have scope in this industry.
Part 1. NFTs: A Brief Introduction
1.1 What is an NFT?
Firstly, let us understand what an NFT is. NFTs are basically known as non-fungible tokens. They are cryptographic assets that cannot be exchanged or traded unlike fungible tokens like bitcoin and cryptocurrency. Hence, NFT provides authenticity and originality to a digital asset—ensuring the person has ownership rights and that their digital assets cannot be forged by external parties.
1.2 What is the difference between fungible and non-fungible tokens?
Second, let us see the difference between NFTs from fungible tokens. We can distinguish based on two factors:
1.3 Physical features
Fungible tokens are assets that can be broken down into different assets. For example, a $100 bill can be broken down into 5 $20 bills. Hence, they are divisible and this makes them non-unique. Unlike non-fungible tokens, they are unique because they are indivisible and cannot be replicated by another party.
1.4 Real-world use
When it comes to its applicational use, fungible tokens are mostly used as a way of doing payments and trading because of their interchangeable nature. However, NFTs are irreplaceable hence giving an aura of intellectual property—where people can store their digital assets such as artwork, academic work, games, utility, and other important assets.
Part 2. NFT for Designers
After knowing about the uniqueness of non-fungible tokens, an NFT graphic designer or even UI/UX designer is widely demanded in NFT marketplaces and also by many corporate brands. Let us go through the opportunities for designers in the NFT-sphere and also some challenges they need to look out for:
2.1 NFT opportunities for designers
There are many opportunities for designers when it comes to NFTs. For example, you can find NFT projects where that look for designers with UI/UX backgrounds and a good understanding of branding to optimize their presence virtually. If this sounds like you, you can participate in rebranding and provide value for these types of projects.
Even for corporate brands and businesses that are getting into the NFT market, require graphic designers and UI/UX designers with relevant knowledge to help create an appealing virtual product for branding and marketing purposes. Moreover, in the gaming industry, metaverse architects require designers with fine-tuned skills and up-to-date knowledge to design virtual items.
2.2 Design challenges
Of course with its perks, there will be some challenges for designers entering the NFT space. For instance, there’s a steep learning curve when it comes to utilizing NFT marketplaces—especially if you are new to the whole thing. It may take time just to get used to its fundamentals. Another situation is NFTs are based on their uniqueness and authenticity so you are a designer for trust and taking on the risks of plagiarism.
To tackle such challenges, you need to first note down the specific requirements of the project and clients. In most cases, you are working for NFT sellers and their target customers are NFT collectors. Hence, you will need to make the NFT marketable and make purchasing as seamless as possible in order to meet your client’s needs.
Regardless of the opportunities and challenges we have covered, designers should embrace this trend and seize opportunities as it comes. It is best for designers to take their time to learn more about the NFT space and equip themselves with the best design tools to provide clients with a fulfilling NFT design.
Part 3. Free NFT Banner Resources Designed with Pixso
When it comes to designing NFTs, Pixso can be your go-to design tool to show your design skills and provide an appealing NFT design. Here are some free NFT banner resources designed using Pixso and you can find them on the PIxso community:
Hop on the NFT Design Hype Train…
As we have learned throughout this blog, there are several opportunities for UI/UX designers and graphic designers to help artists, collectives, and corporate brands in the NFT marketplace. The NFT hype will never fade away and there is a good reason for it as well. For every designer out there, the best step is to start learning about it and exploring fascinating opportunities that will help land you more NFT design projects. Start putting your creative talent to the test by designing some NFTs in Pixso!