How Creators Keep Earning with NFT Royalties
When one of the NFTs is sold again on an auction site or secondary market, a share of the selling price goes back to the original creator – This is a royalty. Such sales create a sort of continuous revenue stream for creators, however it would be long-term. Not all primary art sales always have […]
Female Creators and Leaders in NFT
The Rise of Female Creators in the NFT Krista Kim is a digital artist who introduced the term “Techism,” representing art that marries technology and digital tools with a meditative spiritual aspect. A groundbreaking project by Kim is “Mars House,” regarded as the first digital house sold as an NFT in the world. It attracted […]
NFT Flipping Strategies and Risks
NFT flipping means buying an NFT with the intention of selling it shortly after for a profit. The hope is that the value of the NFT will increase significantly during this holding period. Many people have made substantial profits through flipping. Developing a Reliable Strategy Familiarize with leading NFT platforms such as OpenSea, Rarible, […]
How to Identify Valuable NFTs
Factors to Consider When Evaluating NFTs NFTs created by well-known artists or public figures tend to garner higher initial interest and can sustain value over time. Conducting comprehensive research on the artist’s background, achievements, and previous work can provide valuable insights into their credibility and the potential market interest in their NFTs. Examining their presence […]
Successful NFT Artists and Their Stories
Beeple Before venturing into the NFT space, Beeple was already a well-regarded figure in the digital art community. He began his artistic journey in the early 2000s, primarily focusing on short films, VJ loops, and concert visuals. He collaborated with numerous musicians, including well-known acts such as Justin Bieber, One Direction, and Katy Perry, providing […]
NFT Photography – The New Opportunities for Photographers
The Monetization Angle Tokenizing refers to the process of converting your digital photograph into an NFT. This involves uploading the image onto an NFT marketplace and using blockchain technology to create a unique token that represents ownership of that photo. It transforms into a piece of digital property with defined ownership. Tokenization ensures that each […]
The Role of Celebrities in Popularizing NFTs
How Celebrities Boost NFTs When a well-known personality endorses or issues an NFT, it immediately garners public attention. This can transform NFTs from obscure digital assets into mainstream topics. The media coverage that follows further amplifies awareness, encouraging a broader audience to explore and potentially invest in NFTs. When celebrities introduce NFTs, their followers are […]
Blockchain Platforms for NFT Development
Ethereum Ethereum smart contracts support NFT customization, allowing developers to build detailed attributes and properties into each token. This feature is important for creators looking to instill their digital assets with unique characteristics and rules of ownership. The early launch of the platform and the adoption of standards such as ERC-721 and ERC-1155 have contributed […]
The Psychology Behind NFT Collecting
NFTs represent digital ownership of a unique item. Knowing that you own something that no one else has—or ever could—can be incredibly satisfying. This extends to collecting rare collectibles, such as virtual real estate or limited edition digital sneakers. The principle here is similar to collecting rare stamps or works of art. The rarer an […]
Decentralized Finance (DeFi) and NFTs
NFTs have characteristics that make them ideal for more complex financial applications. Each NFT is unique, verifiable on the blockchain, and holds distinct values based on rarity, utility, and market demand. This opens doors for new financial services that leverage the unique qualities of NFTs. Expanding the DeFi with NFT Collateralization NFT collateralization in […]