”What are NFT? This is a question I have been asked a lot over the previous few months. NFTs or non-fungible tokens are a new form of digital investable stored on the Ethereum blockchain. Photography is a popular art form. There were 3.5 Billion smartphones in the world in 2020, and almost everyone takes pictures with them.
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If you’re thinking this doesn’t make much sense, then don’t worry. In this article, I will be taking you through the steps to understand, set up, sell and hopefully further utilize the NFT marketplace within your photographic business model.
What are NFT photos?
NFT is the abbreviation of “Non Fungible Token”.
Non-fungible tokens are out to change the status quo for good, and the photography market is not left out. Photography as an NFT checks all reasonable marks — verifies ownership, creates uniqueness, and rewards creators.
Non-fungible means it cannot be exchanged for something of similar value.
A token is a digital asset issued by a blockchain. And a blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system.
How it works
The emergence of NFTs is disrupting the way we view photography and its storage. Physical pictures were the trend a few years ago. Anybody could take pictures of your hardcopy pictures and use them anywhere they want, but you still have ownership of the picture. As the world moved digital, ownership of pictures became more disputable. Original owners received little or no credits for the pictures they either took or owned. NFTs looks to solve that problem. Because they are integrated into blockchains, authenticity and openness are assured. So no matter how many times people love your pictures and screenshot them, you still have the ownership and transferable right to the picture.
What does it aim to solve?
Since most pictures are digital or can be scanned into digital form, it is easy for photographers to make money and gain due recognition for their art. And the intriguing part is that while the buyer has the ownership right, the photographer still enjoys copyright and reproduction rights. For instance, Kate Woodman sold her digital image called “Always Coca-Cola” for a little over $20,000. She still owns the right to license the pictures and use them on her social media and can still earn some percentage of royalty when her picture changes hands. An added benefit of photographers going into NFTs is if they have a huge following with a keen liking for their works.
How to tokenize your photographs as an NFT
Tokenizing your photographs or minting follows a straightforward process. The first thing to do is to decide on which photograph you would like to sell. Then you choose which platform you want to sell on. With AirNFTs, you can mint your photos with as little as $1 or even less.
Earn with AirNFTS
AirNFTs makes NFTs for photography one to watch out for. Of course, it’s still new and widely unrecognized. This can be beneficial to early adopters in both photographers and buyers. Monetizing your photos and profiting off them is very simple with AirNFTs. Create and earn AIRT- our native token and BNB after your work gets sold. Buy NFTs and also earn AIRT.
Why Nfts and Photographs work well together?
– Nowadays most photographs are digital or are scanned and become digital.
– Photography is most of the time in 2D, meaning flat, so it is easy to reproduce on screens.
– The quality of screens and tools that showcase photographs online are getting better and give you an accurate representation of the work, while it wasn’t the case before and it was preferable to see a print to really appreciate the quality of a photograph.
– Tokenization of art on the blockchain is the same as the term editions in photography. It can be open or limited. Physically Rare vs. Digitally Rare. So NFTs allow photographers to decide what edition they want for their work and the buyer to know exactly what is out there. There is a real traceability.
– Social Media platforms showcase a huge amount of digital photographs. So people are familiar with seeing photographs on screens.