As the crypto world continues to blow up we are seeing more and more exciting projects getting released, and NFT s are one of them. The non-fungible token is essential a token which cannot be interchanged and can then be attached to a wide variety of examples of items. Mainly right now we are seeing artwork becoming the focus of attention for NFTs and this is certainly one area where the biggest difference can be made.
Many talk about the benefits of NFTs for buyers, but the reason why it is booming so much is because it actually gives creators the power which they need to continue to do what they love. Expert Robert Testagrossa has been discussing this of late, and he was a man who was one of the first to talk about why people should look to get involved with NFTs. On this note, here are the clear benefits for the creators of NFTs.
Proof of Creation
In a world where there is so much fraud when it comes to art and content, NFTs make sure that there is only one creator of a piece, and that they have absolute proof that they indeed created the piece. There is no confusion with NFTs and any claims about who the creator was are squashed instantly.
Earn Royalties For Each Sale
Another incredible and unique benefit of selling content as an NFT is that any resale of the content will mean that royalties are paid to the original creator. This is complete game changer and like nothing else that we have ever seen in the world of art, or content creation. Just imagine someone selling their creation for an undervalued price, then losing out when the price goes up. This way that can never happen again and creators will continue to make money throughout their career.
Determine The Scarcity
One of the most important elements for creators is that they have so much more control over exactly what they have created. This includes the scarcity of the product. For example, someone may create a piece of digital artwork, which in truth could be sold 1000s of times, with ease. If however the creator only wants there to be 25 in existence, that will be completely up to them. Twenty five tokens will be created and that will be the limit.
For years now creators have had to work with agencies and intermediaries in order to sell their creations, which is now something that they don’t have to do. There are a number of NFT marketplaces through which you can sell your work on a peer to peer basis. This means that creators get so much more of the price which is paid and it also ensures that they have even more control over the work which they have created.
There is no doubt at all that this is a positive move forward for all of those who create content.
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