Curiosity: I sold my first photo as NFT….but still don’t know where the path will lead us
By now you probably heard that you can sell your photo as tokenized digital copies on the blockchain. It’s a wild west and just recently PetaPixel and Dpreview wrote again a new piece about the future of this business. We photographers all look at it as the holy grail that could save the industry.
So here I am to report that I finally managed to sell my very first photo at Foundation.app. It might be a lucky one time thing, or it might be the start of a new thing. But I will try to keep you up to date with my failures and progresses.
So here is the little I learned the past year:
- Single photos are hard to sell. It’s easier to sell moving creations, digital abstract art and a collection of captive ideas.
- Finding the right platform isn’t easy. They keep changing, improving and making new ones. For now I am doing my first steps on platforms like Opensea and Foundation.app (entrance only on invitation).
- I am missing a pure photography NFT platform that really attracts potential buyers. There are some, but none works like I want.
- Fees on Ethereum are still to high (my last photo upload did cost me $200). And the risks of having your money on a blockchain are high too (volatility, crypto bans, exchange bans, potential stablecoin scam, and so forth).
So for now my plan is to keep testing all platforms. If you have some suggestions please drop them on the comment section!
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HOW-TO: If you want to create NFT of your photos the easiest way is this:
- You need ETHER to enter the network: If you want to buy a collection or if you yourself want to enter this market you have to first convert your FIAT in Ether tokens using an exchange like Coinbase (Click here) or Binance (Click here).
- Choose a NFT platform to tokenize your work: The easiest platform to join is Opensea (Click here). You have to pay some fees in ETHER to create your NFT. And if you sell it there is a 2.5% fee to pay to Opensea.