Hacking Photography - one Picture at a time
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.
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.
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.
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