I’m an Artist – Should I Get Into NFTs? Is it Tough to Get Into?

Blockchain, Digital Finance, NFTs, NFTs 101

If you’re an artist and have heard the buzz surrounding non-fungible tokens or NFTs, you may have asked yourself  should I try this outIs it tough to get into? 

In fact, you might have more questions than answers, so take a look at the following benefits and challenges of getting into NFTs and just how easy and manageable it can be. 

How Does It Work? 

Well, first, you create your artwork  then you “mint” it or add it to the blockchain. Then, anyone is able to view your crypto art  think Instagram, only with the ability to make large purchases as well 

Now, while everyone can see your work, link to it, even download a copy, only one person can actually own the rights to it at a time. When you’re creating digital art and putting it on the blockchain, that act creates an authentication certificate that tracks ownership, purchase price, and all future sales and owners. It’s transparency the likes of which have never been seen in traditional art before. 

Advantages of Selling NFT Art 

In the world of gallery and museum arts, the artist might get paid within a few days or a month  sometimes, they don’t get paid at all. With an NFT sale, the money is sent instantly to your cryptocurrency wallet. If you’ve ever spent any time in the traditional gallery world, you’ll see the benefit of this perk. 

But that’s not all. Every time the current owner of the NFT decides to sell the work, boom  you get paid a royalty fee again. 

This new way to sell your art is especially attractive for digital artists. Say your work is in 3D or has motion  kind of hard to sell that physically, right? Plus, you don’t have to worry about shipping fees or customs issues, and people can view your work from anywhere in the world. 

Challenges with Creating Digital Art for the NFT World 

Just creating an NFT doesn’t guarantee you instant cash. Once you add your digital art to the blockchain, it’s riding the waves of a sea of other works. You still have to generate excitement and attention to it, just as you would in traditional galleries.  

Also, take precautions so you don’t lose your passphrase to your digital wallet. The blockchain isn’t like a traditional bank where you can call in or visit the webpage and reset your login credentials. It may seem old-school but write your passphrase down on a piece of paper and store it somewhere safe. Check out our article on ways to safeguard your digital wallet for more tips. 

The Benefits of Being an NFT Artist 

Artists would be wise to check out the world of NFTs. At the very least, you could make some like-minded friends (cryptocurrency artists tend to have great communities), and at best, you sell your works.  

We Want Your Art! 

FabriikX is one of the first NFT marketplaces of its kind. Built on the power of the BSV blockchain, FabriikX offers expertly curated exclusive content from top creators within arts, sports, and music, as well as NFTs from the best creative minds in our community. To us, NFTs are much more than just digital collectibles – they are experiences that connect collectors with the creators and communities they care about most.

Learn more about the launch and submit content here. 

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