Never-before-seen concert photos of Nirvana from 1991 will go on sale as NFTs on February 20th, Kurt Cobain’s birthday. News of the release, however, has garnered much anger and backlash from Nirvana fans, accusing the photographer of cashing in and exploiting the dead singer. The photographer, Faith West responded to the criticism on social in an attempt to appease the livid music fans.
Meta considers minting and selling NFTs on Facebook and Instagram
The Social Media company Meta is apparently exploring the possibility of enabling users to make, showcase and sell NFTs from Facebook and Instagram in the near future. If this goes ahead, this would be possibly the first mainstream endorsement of NFTs.
According to a Financial Times report, the plans are “at an early stage and could yet change.” Teams at both Facebook and Instagram are “readying” themselves to implement the new feature that will let users mint new NFTs as well as display them as their profile image.
Indonesian student earns $1 million from NFT selfies
A 22-year-old Indonesian student has become a millionaire virtually overnight by selling five years’ worth of selfies as NFTs. Sultan Gustaf Al Ghozali from Semarang, Indonesia, uploaded over a thousand images to the NFT platform OpenSea. The images were originally priced at just $3 each.
The Associated Press joins the NFT craze with its own marketplace
Non-fungible tokens (NFTs) seem to be all the rage right now. The Associated Press (AP) has decided to jump on the bandwagon, so it’s soon launching its own NFT marketplace. It will offer collectors the opportunity to buy NFTs of iconic AP images, including some Pulitzer Prize-winning ones.
Behance now lets you share your photos as NFTs
Selling your work as non-fungible tokens or NTFs is one of the ways to make money from your photos (even memes). Many artists have jumped on the bandwagon, and you can now do it if you have a Behance account. Adobe has just made it possible to sell your work as NFT right there on the platform, and there are some other new ways of making money on Behance, too.
All you need to know to start using NFT as a photographer
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 selling NFTs on foundation. Here’s what I learned
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
“Disaster Girl” meme sold as NFT earns its owner $430,000
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.
What are NFTs and can photographers really benefit from them?
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.
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