The emergence of NFT (Non-Fungible Tokens) brings a new type of technology for establishing digital copyright of original content. This can help creatives, like photographers and artists, to create authentic claims that can be verified on a decentralized database called a blockchain. A blockchain permanently records the information which cannot be modified or deleted, since it is stored on many different computers. The computers are located throughout the world and operated by users who are incentivized to maintain the blockchain network to verify transactions. For NFT, it verifies a claim to ownership which records the data and issues a token that is given to a rightful owner.
I analysed 50 Top Landscape Photographers with accounts on the NFT auction platform, Foundation, between the dates of the 5th to 9th July (2021), to answer the following question:
How much do landscape photographers earn from selling NFTs?
Specifically, I used public data to compile:
- My list of 50 Top landscape Photographers selling NFTs on Foundation, ranked in order of ETH sales between the snapshot dates (5th – 9th July 2021) to get a feeling for the range of earnings
- Public details about the photographers, including Foundation account, country, short bio, and social media links to provide further context and follow-up for interested parties
- Stats like the max, min, and average ETH sales of the 50 photographers combined
- A list of the collectors who bought NFTs from them
I believe there are few people who haven’t seen the “Disaster Girl” in one of a million memes circling around the internet. The adorable girl is now 21 (yes, we’re old) and she found a way to make money from the viral photo of her. She sold it as an NFT and earned almost half a million dollars.
An NFT is a Non-Fungible Token. The token refers to a digital token or certificate that is stored on a secure distributed database referred to as the blockchain. NFTs are therefore unique digital assets that can be bought and sold, with every transaction being permanently recorded in the blockchain.
One way to think about NFTs is that they are like a certificate of authenticity that is permanently embedded into a database, along with any future transactions that transfer ownership. You can see who minted the NFT, who bought it and so on, in perpetuity. NFTs are a new technology, and we are only seeing a small portion of their likely future potential.