Times are changing, and the virtual world is no different. Virtual currency and NFTs have suddenly become the most popular acronym in the headlines. With some NFTs selling for over a million dollars, the market has become overwhelmed with new users every day. The current hype has attracted a group of creators of different sizes to an arena where they can benefit from their work within the cryptocurrency arena.
“Non-Fungible Tokens” is a digital asset representing real-world objects such as music, art and videos. Trading NFTs by Cryptocurrency online. NFTs have been around since 2014 but have recently gained more traction, especially in purchasing digital artwork. Forbes mentioned, “A staggering $174 million has been spent on NFTs since November 2017.” NFTs are one-of-a-kind pieces, which increases their online value.
In comparison to most digital creations where the supply is infinite. Anyone can view NFT artwork and photo collages online for free, just like basic images. So why are people paying huge dollars for these pieces? People are willing to pay large amounts because they can own the original item. Online collectors tend to value ownership and authentication more than artwork.
Photography has become a trendy hobby for many people as smartphone cameras get better and individuals share online. Photographers play the digital game to increase their revenue. NFTs are very valuable to photographers if they have unique shots and stories and can make a lot of money. These photos can also be sold as stock photography off their websites, but the revenue isn’t comparable.
Jardene Photography has a mixture of stock images and now several NFT photographs. Including “eagle is landing” and “Snowy Owl Sitting”. You can find Jardene Photography’s collection here
Jardene Photography has created an NFT called Bob the builder which is a unique one-off version from our shop. This version of Bob the Builder won a Gold award in the International Image Competition run by Master’s photographers International and scored a whopping 90.9% score. To see more of our award-winning photographs see this blog post.