Creating an NFT means turning your artwork into a piece on the blockchain by creating a public record. Everyone can make one; it is more accessible with the latest platforms.
OpenSea, for example, has a straightforward minting process; maybe that is why it’s the biggest NFT marketplace.
For me, the best part of NFT is that it is a traceable contract – in some cases, a change of ownership of the NFT will get the artist rewords.
So unlike painting, if the NFT was minted for 0.5 ETH, and the new owner sells it at a higher price, a percentage will go to the artist.
So NFT and Blockchains are superior technology for artists!
It allows them to maintain their copyrights for their art.
It can also go to donation or so—all according to the contract.
Keep in mind –
if you made it, it doesn’t mean it will sell. You still need to market it well.
“The possibilities are endless -And we are just getting started!”
There are a lot of agencies popping out like mushrooms after the rain – they hunt for artists to sell their art online when they do the marketing.
I’ve heard about 50-50 up to 30-70 in revenues. But as mentioned – it’s all about the contract behind it.
So take a close look and don’t trust everyone so easily.
