Showcase and Sell your Images with NFTs
Starting from today I will start minting my very first Non-Fungible Token. This is a token saved on the Ethereum blockchain, which is unique and can prove the ownership of a good or service. In this case, a photograph I took.
NFT (non-fungible token) technology empowers content creators such as photographers to control, manage, and distribute their content, and in addition, is a great platform to showcase, promote, and sell their images.
The introduction of NFT technology has begun to benefit the photography world. With regard to my point of view, photographers should be making use of cryptography and blockchain technology features that ensure their work cannot be replicated, and thus proof of authenticity is backed by math and code.
Photographers can mint ethereums (about 50 cents) on a blockchain that is interoperable with Ethereum. It is cheaper to make more coins at once.
SmartNFTs enables photographers to create one final NFT with multiple layers of NFTs, while also implementing various functions, such as lifetime royalties. Any future sales of the NFT, from one owner to another, would incur a royalty to the digital artist.
NFT is getting more and more popular, and this time the Ethereum network, which has been upgraded since 2017, is better equipped to deal with the constant activity. NonFungible.com, a company that publishes market insights on NFTs, says that in 2020, the value of NFT trading was approximately $250 million, an increase of 300% from the previous year. People are paying high prices in both cryptocurrency and legal tender to purchase tokens that represent ownership of digital objects, which are then resold at a higher price.