{"id":21769,"date":"2021-06-01T16:28:01","date_gmt":"2021-06-01T14:28:01","guid":{"rendered":"https:\/\/cherrydeck.com\/blog\/?p=21769"},"modified":"2021-06-11T15:22:22","modified_gmt":"2021-06-11T13:22:22","slug":"nfts-for-a-photographer-esra-sam","status":"publish","type":"post","link":"https:\/\/cherrydeck.com\/blog\/nfts-for-a-photographer-esra-sam\/","title":{"rendered":"What are NFTs and How Can You Benefit as a Photographer? \u2014 with Esra Sam"},"content":{"rendered":"\n

NFTs have recently proved to be a new way for artists to promote and monetize their artwork. After discussing with Ryan Koopmans<\/a> and Fred Lahache<\/a>, this time we had a chat with photographer Esra Sam<\/a> to understand how are photographers using NFTs.<\/p>\n\n\n\n

Esra is currently presenting her work on Rarible. You can see and buy it here<\/a>.<\/p>\n\n\n\n

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Esra<\/a> Sam work on Rarible<\/figcaption><\/figure><\/div>\n\n\n\n
1. What does NFT stand for?<\/h5>\n\n\n\n

NFT stands for non-fungible token. These digital tokens were built using the same kind of programming as cryptocurrency, like Bitcoin or other coins. They are bought and sold online on different NFT platforms, regularly with cryptocurrency for example Ethereum. <\/p>\n\n\n\n

An NFT is unique and can’t be exchanged. They could take the form of a piece of digital art \u2013 anything unique that could be stored digitally and be thought of to hold value. They are like any other physical collector’s item, the difference is instead of receiving something physical, you get a JPG file for example. <\/p>\n\n\n\n

It’s a new way and a new chance for artists to promote their artwork and to monetize. One of the greatest things I really like about NFT’s is, every time an item is resold, the original creator of this piece of art gets royalty which is usually 10% but you can change this number while minting process.<\/p>\n\n\n\n

2. Why is it currently hyped?<\/h5>\n\n\n\n

The hype started with all these big auctions I think. The Beeple artwork made the headlines: “NFT sold for $69 million\u201c \u2014 and there were many other articles about NFTs.<\/p>\n\n\n\n

3. What does it mean to sell? What does it mean not to sell?<\/h5>\n\n\n\n

I am selling my NFTs on Rarible.com. This is how it works: if you want to put an item on sale, you need to pay a gas fee. Therefore, it is wasted money if you don’t sell \u2014 you literally burned money for an NFT. In the end, you never know what will be sold and what not. It’s like Russian roulette.<\/p>\n\n\n\n

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4. What are the most successful pieces in the market? <\/h5>\n\n\n\n

3D art is very popular. But there are no rules. Illustrations, photographs, videos, or music \u2014 anything you can turn into a digital file can be minted as an NFT.<\/p>\n\n\n\n

5. How can I get people to collect my work? <\/h5>\n\n\n\n

I think the most important thing is to build your own community that likes your art and wants to own it.<\/p>\n\n\n\n

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