We know that most of the people reading the post think that NFT photography is probably a new kid on the block. But that’s not true. You have heard about it just because the market is booming now and people from every profession come forward to trade NFTs and learn more about the process.
The very first NFT was sold in 2014 for more than $1 million. After that, more advancements happened in the industry and a slew of creators and developers go attracted to it.
NFT world is very confusing for starters. In fact, most of them don’t even know about NFT. But if you are a professional, like a photographer, it’s extremely important for you to learn about NFT photography, how it works, and what’s the best NFT marketplace to sell your photos.
Luckily, we have covered everything in this article. So, you can learn all the essential details here.
Why NFTs are Best for Photographers? Why They Should Invest in it?
Photography is one of the most popular hobbies of every creator today.
With millions of advanced cameras and smartphones sold every year in the world, people take hundreds of pictures in one day. This means, that more and more people are likely to view photos on their screens than previously.
According to a Wordstream report, there are more than 95 million photos and videos that are shared on Instagram every day. Nevertheless, if you are into photography, then investing and starting as an NFT photographer is a lucrative idea to consider.
But the question is, why NFT photography is very popular? Can anyone do it?
Well, the fact is, NFT for photography is very simple and can help make plenty of money but you must have some unique and attention-grabbing shots. Sure, you can also sell your photos on stock photography websites, but remember, the revenue won’t be comparable.
According to the Los Angeles Times report, stock photographers are currently earning between $0.33 and $60 per sale based on the platform and the photo they share.
On the other hand, NFTs sold for thousands of dollars. Technically, not all the NFTs sell for such a high price, but surely you can make much more money by selling NFT photos on the reliable marketplace.
Pricing of photos is totally up to you. However, it’s recommended to keep the prices low so that people can buy them easily.
The Costs of Creating Your NFT Photos
There is always a price you have to pay for creating an NFT photo because it involves minting and listing your artwork on the NFT marketplace. The type of cryptocurrency you have used will actually be determined by the type of blockchain you consider. Most of the time, people use Ethereum; while some use Binance coin as well.
Remember, there is no assurance or guarantee that your NFT will be sold. Sometimes it also creates issues for people, for instance, uploading your photos on Ethereum is quite expensive as just on file costs anywhere between $50 and $500, or sometimes, even more, depending on the gas fees.
Steps to Create, Obtain, and Trade NFT Photos
- Create an account with some popular crypto exchanges such as Binance or Kraken.
- Fund your account by transferring fiat money from your bank account to the crypto exchange.
- After having some funds in your account, you can buy your desired cryptocurrency, for example, Ether. You can also skip the bank transfer process and do it via your credit/debit card, which is faster.
- Once you purchase Ether, you can transfer it to your digital wallet such as MetaMask.
- Now connect this wallet to one of the NFT marketplaces so you can have complete access to the platform and you can easily create your NFT photos.
- After that, upload the digital file and list it on your desired marketplaces by paying the gas fees using your MetaMask wallet.
The science and technology working behind the overall system is quite tricky, but not much advanced so you can easily do it without listening to any lengthy tutorial.
Where to Buy and Sell Your NFT?
NFT offers a new market where creators can easily sell and list their art. When they list it to the relevant marketplace, they can get more exposure and visibility. Not only that but they can set up some automated way to get the desired portion of sales using royalty contracts.
Well, on the other side, buyers and investors who feel excited about the technology – which is mainly a group that includes cryptocurrency lovers – consider NFT a way to financially assist all the creators and artists, and then flex their digital collectibles.
All the newcomers need to enter the NFT marketplace with complete knowledge and keep their eyes wide open. They should know how to assess the marketplaces, explore complications around them, and check service agreements, for more security.
Keeping all these things in mind is critical to becoming a part of the NFT marketplace. So, if you want a reliable platform to start, then you need to find the best NFT photography marketplaces where you can trade NFTs in the best way possible.
Some popular NFT photography marketplaces are:
- SuperRare
- OpenSea
- Bitski
- NFT Unfold
- Nifty Getaway
- Rarible
Naturally, these are not all the marketplaces you can find for NFT photography but these are the famous ones and most people rely on them.
The Best NFT Photography Marketplace
There are plenty of NFT photography marketplaces out there. However, NFT Unfold is probably a new one that offers photographers a chance to buy and sell NFT photos by paying small fees. You can feel free to play around it, visit the official website, and learn how you can create your photography marketplace and invite others to become a part of it.
Ending Thoughts
We hope that we have covered all the important things about NFT photography in this article. However, if you have some more questions in mind, then you can consult with the professionals of NFT Unfold and discuss all the issues.
So, if you want to sell your NFT photos, that’s all the information you require to get started.