What are NFTs?
NFT stands for “non-fungible token,” and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. Non-fungible means it is individual. The opposite, fungible, has examples like bitcoin. One bitcoin can be swapped for another, they are identical. However, no two NFTs are the same.
NFTs allows you to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain.
An NFT can either be one-of-a-kind, like a real-life painting, or one copy of many, like trading cards, but the blockchain keeps track of who has ownership of the file.
In short, it is a digital version of owning art, an autograph, or basically anything digitally. Thus, the lure to own one is to show off in a digital space, as walking down the street people would not realize you own millions of dollars worth of digital monkeys.
How can you join the NFT world?
For joining the NFT world you must be offering a digital product, for example, digital art, digital music, digital documents like books or papers, or even a digital code for a game. However, your product must be liked by your targeted audience. Basically, you can not sell your digital music on a digital art platform.
Who is buying these kinds of art?
The Crypto world is full of investors, they are investing in nearly anything digital. They believe that a certain digital art can be very valuable in the future when the reselling happens again.
How much can designers & artists gain from NFTs?
Well, let us talk in numbers a bit, but keep in mind that NFTs are not using US dollars or any physical currency, it is always using a cryptocurrency, and here’s why we say that NFTs are an investment. Moreover, our hero is Ethereum, It is one of the top growing cryptocurrencies and most of the time it is used for NFTs.
As an example, this NFT digital art has a nice looking with a competing design, it costs only in Ethereum 0.028 ETH, which means 115.99$. For designers that is a great amount of money to have for such an art.
To sum up, the NTF world is new, and it is growing madly fast, and it will be great if you took the full benefit from it as an artist or other.
NFTs & Digital Marketing
As we are seeing, the digital world is developing more and more every day, same as the advertising categories. Most of the big companies now are preparing their advertisements on the Metaverse. In addition, there is a modified career from digital marketing is appearing in the current moment which is NFTs Digital Marketing, same as the digital marketing that we all know but in the Metaverse world.
To sum up, we are about to see a revolutionary change in the digital marketing career, related to the new technology caller Metaverse. And NFTs has a great rule with is because it will be the assets that digital marketers will work on.