NFTs for Photographers I
The world of photography is rapidly changing. When you think about it, a photo is really just a bunch of information—a ton of metadata. And that means it can be tokenized and sold in new ways.
The power of the blockchain means that photographers, in theory, can take control of their images and make them into NFTs on the Ethereum blockchain. It means they can set the rules for their photos, including how many times they're allowed to be licensed, how much money they're worth in real-time, how long each license lasts, and so on.
More importantly, it means that photographers can finally say goodbye to the big platforms and agencies that've been taking huge cuts from sales for years.
Now, with the Ethereum blockchain, there's no gatekeeper to pay off. All the profits can stay in your pocket—and all the power stays in your hands.
Imagine what could happen if a photography startup built a blockchain-based marketplace? Photography lovers could buy, sell, protect and track their photos.
What are NTTs
Non-fungible tokens (NFT) are a digital representation of a single, unique asset. It can be a collectable, like a CryptoKitty, or ownership in a house or artwork. The great thing about NFT is that they are cryptographically secure and easy to use.
Projects like CryptoPunks have created the first wave of NFT assets, and we've seen them proliferate across games like CryptoKitties. This is just the beginning of what this new asset class will allow us to do online.
NFTs redefine digital art as something unique and irreplaceable, like a photographic print or a painting. Now there is the greater reason to own artwork as an NFT; digital media is no longer just a source of entertainment or stimulus, but a repository of value and an object of scarcity. For the artist, this means more money to be made from each piece of art produced, and vastly increased viability for digital art as a business or career.
Wallets
There are 3 main types of crypto wallets: hot wallets, cold storage, and hardware wallets. For this post we will concentrate on Hot Wallet
Creating a wallet is easy. It can be as simple as installing a browser plug-in. Creating and securing your wallets (including backups) is the responsibility of each user. If you lose your private key, you lose your bitcoins. So be sure to keep it secret and secure, and don't share it with anyone.
The following wallets can be used on multiple platforms and devices, including iOS and Android systems:
Coinbase Wallet – Best for Beginners.
Electrum – Best for Bitcoin.
Mycelium – Best for Mobile.
Ledger Nano X – Best Offline Crypto Wallet.
Exodus – Best for Desktop.
Metamask (Is the one I use regularly) and Being both a browser and mobile-based wallet, is hugely popular among crypto admirers.
Here are some of the best NFT marketplaces right now.
OpenSea. OpenSea is the leader in NFT sales. ...
Axie Marketplace. Axie Marketplace is the online shop for the video game Axie Infinity. ...
Larva Labs/CryptoPunks.
NBA Top Shot Marketplace.
Rarible.
SuperRare
Foundation.
Nifty Gateway.