Are You Thinking About Creating NFTS? Here’s What You Need to Know

If you’re an artist looking to try something new and are thinking about getting into NFTs, you’re surely in for a unique experience. NFTs let you show your art in a different way, reaching people all over the world and changing how we make, share, and value art.

One of the most exciting aspects of NFTs is that you can redefine how your art is valued, all while maintaining honesty and control over your work. This means you get to decide how your art is shared, appreciated, and compensated, creating an empowering and direct relationship with your audience.

The best part about all of it is that your art’s value can appreciate over time, and with a royalty system in place, you keep benefiting from that value even when it changes hands between collectors.

Why Are NFT Royalties Important for Artists?

NFT royalties are extremely important because they enable artists to continue earning money from our art even after an initial sale has been made.

When you create an NFT and set a royalty percentage, like 10%, for instance, you receive that same percentage (in this case, 10%) of the money when someone buys your art from the person they originally bought it from. This means that as your art becomes more valuable and well-known, you continue to earn from it, which is a fantastic opportunity for artists seeking ongoing income from their creative work.

My Thoughts about the Future of NFT Royalties

As an NFT collector myself, I could say that even though NFT royalties are still quite young, it’s clear that they’re already transforming how artists and creators get compensated for their work.

I also believe that NFT royalties might inspire artists to explore new creative possibilities, establishing an environment where they feel inspired to take artistic risks and focus on their craft without the fear of financial insecurity.

As NFTs become more prevalent, there could be increased educational efforts to raise awareness and understanding about how royalties work and how they can positively impact artists.

Now, I’d love to hear your thoughts! What changes do you anticipate in the blockchain space that could further enhance the use and impact of NFT royalties?