NFTs have been around for a while, mainly in the crypto World. They've recently caused a stir in the art world and are now spreading to other sectors like entertainment, gaming, animation, and character design. Since we focus on making original characters, IPs, and stories at our animation studio, we notice NFT digital art is the future of digital artwork.
So, let's chat about some key ideas and then explore the World of entertainment to see how this advanced technology is creating a new kind of art and a brand-new market in entertainment.
What's An NFT?
Non-Fungible Tokens, or "NFT", are a unique type of digital asset using blockchain technology. The difference between NFTs and crypto is that you can swap one bitcoin for another. (fungible). NFTs aren't interchangeable, so they're known as non-fungible - you can't switch one for another!
What's The Big Deal About NFTs And Art?
NFTs let artists make a killing since they can sell their digital work to people from anywhere without the hassle of auctions, so they get to keep more of their money. Royalties can be set up as digital art; when someone buys a piece of art, the creator gets a cash cut. Alternatively, the NFT marketplace is a unique way to get people to take notice of original intellectual properties before they're even created or released. It opens up many possibilities for financing projects, a system that even solo entrepreneurs and labels can use.
What Are Some Ways That This New NFT Craze Can Be Used?
There're lots of examples of NFTs, with the most popular being:
Gaming
NFTs are super trendy in gaming 'cause they take care of some issues games can have. An example of a popular game like Fortnite is they don't allow the sale of items and extras like weapons and skins. These facilities are super easy to move between different games with irreplaceable tokens. NFT Video games gonna help out with the stuff you need for in-game play and buying.
Collectible Digital Items
This old stamp from 70 years ago isn't in much use nowadays, but it's highly valued, and collectors are fighting to get their hands on it. Tokens are helpful to create collectible items. For instance, you can get a special football card from your most beloved player, which is one of a kind, as a token, and you can watch its worth go up every single day.
Actual use- in-Real World
You can use NFTs and the Chinese blockchain to turn a house, land, or any other real-world asset into a token, making it super easy to trade those assets, just like sending a text. Despite this, many courts and legal bodies don't accept these tokens yet, and there are still a lot of technical issues with them. It's gonna be a while before someone has their home token on their phone.
Electronic Artwork
Digital artists have always struggled with protecting their copyrights. While snagging art online is a breeze. Using NFT Video, you can get a cool piece of art to show off in your digital space. Proof of ownership of a work of art can be established through a blockchain with a private key. By cutting out the middleman, artists can make more $$.
What's the best way to create an NFT art piece and make money? (5 easy steps to begin)
Are you a creative looking to do your work in an NFT? Check out this easy way to make one for yourself.
Pick Something To Invest In.
The first step is determining which artwork or asset to turn into an NFT. You can turn any digital file into non-fungible tokens - like a digital painting, a unique character, a scene from an animated series, or even a full-length movie. There's no limit to what you can do!
Grab Yourself Some Cryptocurrency And A Wallet.
To do transactions on the NFT marketplace, you gotta use cryptocurrency. (at least for now). When it comes to non-fungible tokens, you have some Ethereum-based tokens like Ether or whatever token the marketplace asks for. Get yourself a crypto wallet to hold your tokens and move the funds.
Choose A Marketplace.
Non-fungible tokens are blowing up, and tons of marketplaces are popping up like crazy! The hottest ones out there are OpenSea, Rarible, and Mintable. The first one's great for newbies since it's free to join, and you can post whatever you like. No need to be certified as an artist to sell on that platform.
Make Your Own NFT.
Creating your NFT doesn't require much effort if you have a designer background. Watch youtube videos and do little research to get some creative ideas. Else the marketplace handles it for you! Once you've linked your wallet up to any animation company, you have your first mind-boggling NFT.
Start Earning Money.
It's been a breeze so far, huh? This is the tough part; waiting around for someone to show appreciation for your awesome artwork is kind of wishful thinking. You'll have to promote it yourself, maybe to a group of people already into your stuff. That's the hardest part and has nothing to do with being creative. Get yourself a marketer, ya know?
Conclusion
NFT technology is increasingly becoming a big part of our lives, so it's no surprise it's getting increasingly advanced every day.
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