No matter how one feels about NFTs, it’s hard to deny that they have moments. For the past two years, these digital artworks have taken the world by storm, with big names like Beeple and XCOPY making millions in their careers.
Now it seems that everyone wants a part of the NFT operation – including photographers.
Last year, 1.5 billion photos were taken worldwide, and with the rise of NFT photos, it’s not hard to see why photographers are trying to take part in the action. Not only can they earn a lot from their work but they can also get a lot of exposure.
So, how does one go about making your first NFT photography?
The popularity of NFT photography
Everyone is a photographer these days, thanks to the proliferation of smartphones. In fact, there are now more photographers in the world than ever before.
The US photography market alone is worth about $ 11.5 billion. And with the rise of NFTs, it’s not hard to see why photographers are looking to take part in the action.
What’s more, modern galleries are beginning to notice NFT photography. Justin Aversano’s Twin Flames series recorded 100 sets of twins.
Christie’s, a famous auction house in New York, sold all the paintings in the museum as NFT. Twin Flames # 49, “Alyson and Courtney Aliano” was sold for 871 ETH, which at the time amounted to 2.4 million dollars.
To this day, it is the most expensive NFT film as well as the fifth most expensive photograph ever sold.
How to enter the NFT market
Since so much money needs to be raised, it is no wonder that photographers are looking to enter the NFT market. But where should they start?
Choose a market
There are several different places where you can sell NFTs. The most popular is probably OpenSea, which is the world’s largest NFT marketplace.
Foundation and SuperRare are also options, both of which focus on high-quality art. However, these forums are for invitations only, so you need to contact someone who is already a member.
You also have the option of setting up your own website and marketplace, but this is much more work.
Select your Blockchain
Once you have selected the market, you need to select Blockchain. The most popular option is Ethereum, which has more than 80,000 NFT libraries. Other popular options are Polygon, Tezons and Solana.
NFTs are stored on Blockchain. Each Blockchain has its own cryptographic tag that you need to purchase to create your NFT.
For example, Ethereum uses Ether (ETH) but Solana uses SOL. These tokens can be purchased at cryptocurrency exchanges such as Coinbase and Binance.
Set up an encryption wallet
Wallet allows you to store your cryptocurrencies. It’s basically like a bank account, but for cryptocurrencies.
There are several different options to choose from, but the most popular is MetaMask. This is a browser add-on that allows you to store your icons securely.
Another option is Trust Wallet, a mobile application that supports a wide range of cryptocurrencies.
Set a fee
One of the latest features of Blockchain technology is that many marketplaces out there allow you to set commissions. This means that every time your NFT is sold, you get a percentage of the sales.
And that’s something you can not get with a traditional photo booth.
For example, if you sell a movie for $ 400 and set a 5% commission, you get $ 20 when you sell it. As the price of the film increases, so does the commission.
This is a great way to ensure that you continue to benefit from your work long after you have sold it.
If you are a photographer, then there is no reason not to enter the world of NFT. Not only can you earn a lot from your work but you can also get a lot of exposure.
So, what are you waiting for? Choose a market, choose your Blockchain, set up a wallet and start selling your photos as NFT!
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