Not even a year after announcing NFT for Instagram and Facebook, Meta has decided to wind it down. According to the company, there will be other ways to monetize your work, but from now on, selling it as NFTs will no longer be one of them.
Artist burns $11,2 million worth of artwork after selling it as NFTs
One may think that NFTs are not all the rage anymore after their massive drop reported earlier this month. But it looks like one may be wrong, at least when it comes to some artists.
After selling his first NFT collection, artist Damien Hirst destroyed the original, physical copies of his artwork. He streamed the event live on Instagram as he burned a thousand of artworks in a controlled environment. And as expected, his performance sparked a lot of reactions.
NFT trading volume drops by a whopping 97% in 2022
It was only a matter of time: non-fungible tokens or NFTs have seen a massive drop in sales since the beginning of 2022. In only nine months, the NFT sales have dropped by a whopping 97%.
The drop in sales alone isn’t the only problem, nor it came to being on its own. As it turns out, a bunch of NFTs has been fake or stolen and many accounts have been hacked, so it’s no wonder that people are rapidly losing interest and trust in digital collectibles.
NFTs on Instagram are coming to more than 100 countries worldwide
Earlier this year, Instagram started testing non-fungible tokens or NFTs for a limited number of US users. But if you live elsewhere and want to jump on the bandwagon, rejoice! From now on, you can buy and sell NFTs on Instagram in 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas.
DeviantArt moves to stop your photos being sold as NFT’s without you knowing
The online art gallery DeviantArt is expanding its DeviantArt Protect tool in a bid to help artists and photographers figure out if their work has been sold as NFTs without their knowledge.
The software was added to DeviantArt last July 2021 and functions in a similar way to other image match detection programmes like Tin Eye or even Google reverse image search. The Protect software was originally intended to be just used within the site’s own interface and would allow users to see if someone had used their work to create derivative or overly similar artwork. Now it will be expanded to detect stolen works across the blockchains.
You can now buy and sell NFTs even on Instagram
Non-fungible tokens or NFTs still seem to be all the rage. It probably comes as no surprise that Meta wants to be a part of it, so from now on you can buy and sell NFTs on Instagram.
The new feature has been released as a test for some users in the U.S. As Meta CEO Mark Zuckerberg announced, NFTs will become available on Facebook soon, too. This way, creators can offer their work, collectors can buy it, and Instagram gets yet another purpose that’s not photography.
You’ll soon be able to buy and sell NFT on Instagram, Zuckerberg confirms
From a photo-sharing platform, Instagram has almost become everything but one. So maybe this doesn’t come as a surprise – non-fungible tokens (NFTs) are soon to come to Instagram and join a bunch of non-photographic options that are already there.
This information is not merely a rumor. Meta CEO Mark Zuckerberg recently confirmed it, saying that NFTs are coming to Instagram over the next several months.
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.
Convicted Urbex Photographer now selling NFTs of his work
Urbex photographer Isaac Wright AKA DrifterShoots was caught and arrested for breaking and entering felonies across several states. Now he’s grounded and is selling his series Where My Vans Go as NFTs, becoming one of the highest valued photographers in the crypto art world.
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
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