Warren Faidley
Supporter
I'm seeing more and more photographers listing images and footage clips as NFT's. For those who do not know what an NFT is, "An NFT, or a nonfungible token, is a digital file created using blockchain computer code. It is bought using cryptocurrency such as Ether or Wax, and exists as a unique file unable to be duplicated, often just to be admired digitally." (Google). In other words, you sell an image or clip as a unique digital file and you are paid via cryptocurrency. The buyer owns the image or clip as a digital work of art. Because the file is tracked forever in the blockchain, you receive royalties forever when the file is re-sold.
The process to list and market NFT's is complex and requires several accounts to complete the process. You must also pay a fee to "mint" the work. There are multiple companies involved in NFT processing, minting and distribution, so make sure to do your homework before committing, as it's a one shot deal when you sell them and you don't want to make any mistakes you cannot alter.
I'm not aware of any photographers making any big money from NFT's yet, but it's an interesting concept deserving of additional study.
The process to list and market NFT's is complex and requires several accounts to complete the process. You must also pay a fee to "mint" the work. There are multiple companies involved in NFT processing, minting and distribution, so make sure to do your homework before committing, as it's a one shot deal when you sell them and you don't want to make any mistakes you cannot alter.
I'm not aware of any photographers making any big money from NFT's yet, but it's an interesting concept deserving of additional study.