There are three categories of NFTs out there. We covered all three categories in detail in Chapter 1.1 here. If you haven’t completed Chapter 1.1, please go back and read the section.
Nonetheless, the three different categories of NFTs include art-only, computer-generated collections, and utility NFTs. Today, we’ll go through them in order from easiest to hardest to create.
If you’re an artist like a drawer, painter, photographer, or even musician, art-only NFTs are going to be the easiest for you to create. That’s because all you need to get started is your art and an NFT platform that lets you mint your art to the blockchain.
Of course, if you’re not a digital artist, painter, photographer, or another kind of artist, these will be quite difficult to develop. After all, with these NFTs, you’re going to need to develop the art first. So, if you’re not an artist, there’s going to be a serious level of difficulty in putting the art together unless you decide to hire an artist.
Computer-generated collections are the second easiest type of NFTs to create for artists and the easiest for non-artists. The process starts with the creation of a base. Something all the pieces of the collection will share.
For example, the Bored Ape Yacht Club starts with an outline of a cartoon ape.
From there, you use computer programs to randomly generate NFTs with varying characteristics. These include colors, facial expressions, fur types, or any other characteristics you want to add to the mix.
Once you have the outline and all variations together, you run a computer program to randomly mix the different characteristics, creating thousands of unique pieces of art, each with a different level of rarity.
Finally, utility NFTs are the most difficult to create because you not only have to create the art but you also have to attach utility to the collection, which takes a bit of technical know-how. For example, there’s a company out there that connects NFTs to high-end bottles of alcoholic beverages like wine and high-end whiskey.
The company stores the bottles in optimal conditions and when you want access to your high-end beverage, you simply redeem your NFT and receive your bottle.
There are countless ways to add utility to an NFT, but when you do so, you need to have the technical chops to make sure the entire system works as it should. If not, the collection is rendered useless.
The Bottom Line
There you have it my friends, the three types of NFTs in order from easiest to create to hardest to create. Come back next Thursday to learn about the importance of utility and whether or not it’s worth the extra effort when you create your NFT collection.