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Endless NFT art helps artists cash in

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It’s hard to read any art publications these days without seeing the term NFT.  Endless NFT art has revolutionized digital art and has amassed fortunes for artists who have embraced this new method of selling your creative projects. 

What are NFT’s? 

NFT’s or Non-Fungible tokens as they are called are simply a means to certify that a digital file is authentic and original. That’s it that’s all that NFT’s are to put it simply.  Let’s compare NFT’s to a real world situation. Let’s say you have a rare original piece of sports memorabilia.  That memorabilia came with an authentication certificate that certifies that it is in fact an original item and that you are the owner.  The item would be worthless without the certification that it is in fact an original.  The certificate gives the item value.  This is how NFT’s work they create value by showing authenticity, ownership, quantity in circulation etc. for digital media.

Endless NFT art can be found on global marketplaces such as Opensea in crypto currency deposited directly to the creators digital crypto wallet.  NFT’s also allow artists to earn a royalty every time that piece of art is sold digitally forever.  All digital media can be minted into a NFT giving artists of all genres the platform needed to profit off their art. 

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This article from Coindesk explains the significance of NFT’s in the music industry.  It compares revenue between NFT’s and Streaming Platforms. Let’s look at a hypothetical situation using a music NFT as an example.  An artist drops his project as an NFT collection of 10,000 NFT’s and lists them for sale at $1.00 a piece.  You will also need an effective marketing strategy that notifies the NFT public about your drop.  With both minting and marketing in place you would see 10k off of that initial minting. 

Earn Lifetime Royalties off your Project

As the project is sold on the marketplace and sells again and again for higher amounts the artist automatically receives a royalty from every subsequent sale forever. To release a project in any other way does not make financial sense.

This article from Coindesk explains the significance of NFT’s in the music industry.  It compares revenue between NFT’s and Streaming Platforms. Let’s look at a hypothetical situation using a music NFT as an example.  An artist drops his project as an NFT collection of 10,000 NFT’s and lists them for sale at $1.00 a piece.  You will also need an effective marketing strategy that notifies the NFT public about your drop.  With both minting and marketing in place you would see 10k off of that initial minting. 

Earn Lifetime Royalties off your Project

As the project is sold on the marketplace and sells again and again for higher amounts the artist automatically receives a royalty from every subsequent sale forever. To release a project in any other way does not make financial sense.

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