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December 6, 2021

All You Need to Know About NFTs and Photography

You may have heard about NFTs while you browse the internet, so you know a little bit.

In fact, you might hear that NFTs have generated a lot of money for artists.

Even meme creators have gotten on board with it!

So if you’re a photographer looking to earn big bucks, then NFTs may be your knight in shining armor.

What Are NFTs?

Before we get into the nitty-gritty of selling your photos as NFTs, let’s look at what an NFT is.

NFT stands for Non-Fungible Token. 

Makes sense, right? No? Okay. Let’s break it down.

Non-Fungible means that you cannot exchange the item you’re talking about for something of equal or similar value.

For example, you have a blue shirt that you love. It’s made by a fast-fashion brand which means that there are copies of it out there.

However, since it’s YOUR shirt, it doesn’t have the same value as other shirts out there.

So if you give it away but buy a new one, it’s not the same and doesn’t hold the same value.

Or you know, if you look at the serial number of a pair of shoes you have, it’s different from all the shoes from the same line.

The bottom line is that an NFT is a UNIQUE TICKET that gives people the ability to buy a certain piece of media.

Why Would NFTs and Photography Work Well Together?

If you already know something about NFTs, you know it’s a term uttered mainly by the art community.

Artists are making thousands, if not millions of dollars, by selling NFTs of their digital art.

So why would photography work well with NFTs?

  1. Photography is also a form of art that anyone can enjoy.
  2. Photographs can be taken digitally with a smartphone or a DSLR or scanned at a high resolution to make it digital. This makes it compatible with the requirements of what an NFT is.
  3. Minting photographs works the same way as art, which gives photographers the power to decide what kind of NFT they want their pictures to become.
  4. Social media is still booming as ever, with millions of photos all over the web. This makes it easy to market your NFTs to a broader audience who want to own your photographs.

Besides all those reasons, photographers are already selling their photographs online as NFTs.

And guess what? That’s right.

They’re already making money out of it.

How Do You Sell Your Photos As NFTs?

At this point, you’re probably very excited to start minting your photographs online.

So how do you do it? Our experts know exactly how.

First, you’ll need to choose a website to sell your NFT on. Here are a few options:

There are other sites where you can mint your photographs out there, but once you choose a website, you can upload your photo there and make it an NFT available for profit.

Of course, you’ll have to pay fees before you can get it out there, but you can always check the gas prices here.

We recommend you choose the Fast or Rapid rates because if you select the slower rates, there’s a chance the transaction doesn’t go through at all

Read more: Best Photography NFT Marketplace 

How Do I Price My NFT Photographs?

If this is your first time stepping into the world of NFTs, pricing might be a bit daunting.

We recommend starting with low prices, with just enough to cover all the minting fees.

Once you get your footing, you can gradually increase your prices to gain more profit from your photographs.

Conclusion

From what you learned, do you think that NFTs are worth it?

There have been debates going around the internet if NFTs are the next big thing or if it’s a multi-level marketing scheme destined to crash and burn.

However, we can’t deny that people’s lives are benefitting from NFTs.

And while it’s not guaranteed, you could benefit from NFTs as well. All you need to do is take a PICTURE.

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