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Author Topic: Thoughts on Non-Fungible Tokens (NFTs)  (Read 1221 times)

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« on: April 06, 2021, 23:18 »
NFTs have proven themselves as a way for larger artists to make decent, if not significant, extra income in the past few months specifically. I realize that they may not be as relevant for stock footage, but my guess is that they still have potential. Has anybody tried creating and selling NFTs, and if so, on what platforms?

« Reply #1 on: April 13, 2021, 04:07 »
I would recommend but to sell there you need invitation.

« Reply #2 on: April 15, 2021, 03:16 »
I'm waiting for Ethereum fees to come down, or I'll use alternative blockchains, if I can be bothered with NFTs. This one is on the Hive blockchain, so it costs much less to make an NFT, but they wont have as many buyers I see EOS Voice is going to implement NFTs, that might be worth using, as they should have a lot to spend on advertising.

« Reply #3 on: April 15, 2021, 07:42 »
Shutterstock's new microscopic contributor payments are in line with this. Their next move is to make them non-existent,  and it will be so much fun to go shopping with imaginary money.

« Reply #4 on: April 15, 2021, 12:09 »
Have account on mintable, opensea and rarible. For mintable and opensea you don't need to pay gas upfront now. There is a lot of hype and to be honest i did not put on sale yet. Last year I just register and put some of my work for fun there but not available for sale.

I did not try the invitation yet for Superare, foundation or nifty gateway. the invitation process requires an interview video, website and/or a lot of social media accounts (more is better). I heard rumors that this last three takes a cut from your sale but i could not understand exactly how much.   

For Stock Photo & Video Marketplace there is a site that is being build for NFT (Non-Fungible Tokens). It's not launched yet but you can joined the email list so you know when it will be launched. I know this from "photerloo" youtube channel 2/3 weeks ago... the site:​ 

There is other one called where you can mint with different coins instead of Ethereum with BSC and xDAI. Never tried...

« Reply #5 on: April 30, 2021, 11:02 »
My personal views on NFTs are that it's more a tulip bulb bubble crossed with the Dot Com boom/bust.

Buzzy, excited talk generates more of the same - NFTs are enjoying their spotlight - including a link posted elsewhere today about a would-be rights managed stock licensing site:

I think the key sentence on that front page is "We are also looking for buyers of rights managed images"

If you don't have buyers, you don't have a business. I don't think the reasons for the decline of rights managed licenses will go away with a new mechanism for licensing work. NFTs can't fix the problem that Royalty Free licensing is much less hassle to purchase and frequently cheaper. They also can't eliminate all the tracking of uses beyond the license time or terms that goes with Rights Managed.


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