Non Fungible Tokens (NFTs) are digital assets that come in the form of music, art, collectible, and in-game items. These are often traded online using cryptocurrencies encoded with smart contracts on blockchains. In recent years the Non Fungible Token market has been experiencing record sales and disrupting the art world with many digital artists making a name for themselves. Besides digital art NFTs offer photographers and creatives an additional medium to ply their trade and generate revenues. In addition to these, they offer guaranteed payments on each sale without the need for third parties, offer instant and secure payments, and enable access to a global audience through decentralized marketplaces.
What is an NFT Photo?
What is an NFT photo? NFT photos like other digital assets such as videos, audio, and other digital assets are tokenized photographs. NFTs are digital files stored and exchanged on a blockchain which is a digital ledger that certifies a digital file to be unique and not interchangeable. These make photography NFTs highly sought after due to their exclusivity and that no two people can now the same NFT.
NFTs are quickly rising in popularity resulting in artists turning their photographic works into tokens, generating a great deal of visibility on digital marketplaces. As more and more people start to purchase NFTs they will help create a unique marketplace for photo NFTs similar to real-world auction houses and galleries, providing creators with the recognition and monetary rewards they deserve.
Why You Should Create Your Own NFT Photography
The NFT world s is booming, if you are a photographer be it a nature photographer or an amateur, and can capture some great pictures you should consider creating your NFTs. Some of the perks that come with being an NFT photographer include:
Create experiences for your fans: NFT photos are limited editions of your photographs guaranteeing buyers sole NFT ownership and memorabilia. They have a high potential for fans to own these rare collectibles
Low barrier to entry: If you are a photographer and have all the equipment including digital cameras starting a gig as an NFT photographer comes with lower costs. Creating NFTS requires relatively little investment and does not require a complex process putting you on an almost equal footing with other photographers.
Build your following and brand: Through creating your own unique NFT photographs you can capture the attention of fans and build a strong following and brand spanning the globe.
Generate revenues without middlemen: NFTs photography lets you engage directly with buyers, and earn 100% of the proceeds of your work without the need to go through a third party- meaning more money for you.
How to Convert an Image to an NFT Digital Asset
If you decide to make a simple NFT, you won’t necessarily need a developer. By simply following these simple steps you can go about creating your first NFT.
1. Select a photo to convert into an NFT: To start you will need to select a particular picture that you want to turn into an NFT you will also need to make sure that you don’t have any problems with copyright and have the exclusive rights to the digital image.
2. Choose an NFT marketplace: To convert your photo into an NFT you will need to mint into an NFT this is where an NFT marketplace comes. There are lots of NFT marketplaces to choose from. Each NFT marketplace has its pros and cons for sellers, so make sure you do your research before making a choice.
3. Set up a crypto wallet: You will then need to create a digital wallet where you’ll store your cryptocurrencies and NFTs. The wallet you select must be compatible with the blockchain technology and NFT marketplace you intend to use for minting your NFT photos.
4. Buy cryptocurrency through an exchange: After creating a wallet, you will need to buy some cryptocurrency so you can pay the gas fees to mint your NFTs.
5. Connect your wallet to the NFT platform and start minting: After adding funds to your wallet, you’ll need to connect it to the NFT platform you’ll use to create your NFT.
6. Upload your NFT file to a listing: Once you have converted your digital assets into NFTs you can then list them up for sale on the several available NFT marketplaces.
For more insights check out our article How to make an NFT.
What is an NFT Photo? [Smallbiztrends]
