The technological revolution has made the art world more accessible than ever before, with people picking up tablets and computers to make visual masterpieces. However, until recently, the same digital art was shrouded in darkness because there was no proof of ownership. After all, if you screenshot and crop a picture – you technically own it? Unfortunately, this landscape led to a constant struggle for digital artists to make money from their work, which is where NFTs come to the rescue. Continue reading to find out what they are and how they benefit artists.
What Are NFTs
NFTs have been a hot topic over recent years and they’re changing the way art is bought and sold – whether you believe they’re a force for good or bad is irrelevant. An NFT is a piece of unique code that gets attached and locked to a piece of digital artwork, and then it’s sold over blockchain in a similar way to cryptocurrency.
The beauty of NFTs is that anyone can make them, sales are transparent, the artist always profits from resales, and any media can become an NFT, making these Video Editing Desktops the perfect companion for interested parties.
Blockchain technology works based on a community-visible ledger, which means transactions can be seen by all parties simultaneously. Therefore, when an NFT sale is made, the unique code can be tracked from artist to buyer, and no one can dispute it. Granted, this doesn’t stop people from cutting work and reposting it, but it won’t have the same value as owning the original version.
Build Sense of Community
Social media and platforms for selling NFTs have allowed artists to reach further than individual buyers, which means they can establish themselves as more of a brand. One of the most popular places for artists to build communities is Discord, which is typically associated with gaming. Building a community and solid brand allows artists to protect their image, which is important when it comes to trading artwork.
Buying a piece of artwork online can feel like risky business, which is why NFTs can help put people at ease. For example, artists can verify that they own the right to sell the art in the first place and can certify buyers to let them prove ownership. Knowing that the copyright is guaranteed to transfer will help encourage buyers to depart with their cash.
Before NFTs, it was difficult to trace a sale back to the owner, which meant artists never earned money on a resale. Fortunately, by using the NFT marketplace, artists benefit every time their work is resold. Further, the transparency of the blockchain allows resellers and buyers to see what the art was worth, which makes the marketplace fair.
NFTs help add value to digital art by providing a transparent history of ownership, which means buyers can prove they own a piece of work. Further, when NFTs sell on the marketplace, the original owner receives money. There’s no denying that NFTs are benefiting digital artists, regardless of strong personal opinions from the online community.