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Downloading the NFt image is like shopping for a printed replica of a precious painting. There will always be a single proprietor of that rare painting.
Digital artist Pak's 'The merge' is worth a whopping $100m. Around 29k collectors bought it, the most highly-priced NFT sold so far.
You must be thinking, why would anybody pay that much amount. If we can simply download it via right-clicking. It is the ownership right that makes it so valuable. NFTs are designed to give you the possession rights of that artwork that can't be copied.
Downloading the NFt image is like shopping for a printed replica of a precious painting. There will always be a single proprietor of that rare painting.
In contrast to physical artwork, NFT arts are convenient to save and maintain. For example, maintenance of the well-known Monalisa paintings, and huge price maintenance are involved. It consists of the value paid for the safety and protection of the painting in the museum. That is not the case with the NFT arts. no maintenance fee is involved in NFT artworks as it is saved digitally in the NFT wallet. It is handy to store.
there are a range of approaches to generate earnings from the NFT art.
You can sell the NFT art. There is a lot of craze about NFT arts in the market. It makes NFTs simpler to sell. NFTs offer the right of ownership. Any other means of artwork does not provide you with this much transparency. All you need to do is deploy NFT art and promote on marketplaces available.
Once you deploy your collection you will get the royalty each time someone resales it. A creator can set a royalty percentage concerning the selling rate of that artwork. it can be set at the time of minting. And generally ranges from 5- 10 percent.
like any different commodity, NFTs can be bought and sold. you can purchase the non-fungible tokens for a lower rate.
Promote these cheaper NFTs when their cost increases. The cost of NFTs relies upon the demand. NFT does not have a constant value, it can be either very precious or worthless depending on the buyer, how much he wishes to pay for it.
Everyone likes to own something worth flexing. People will use these artworks to decorate their homes in the metaverse.
Some people like to collect things such as coins or stamps. Collecting NFTs can be a hobby. They will buy to pursue the hobby of owning the collectibles. For the poor, it’s a way to create wealth & for the rich, it’s a way to increase & preserve wealth!
NFTs can not be hacked or stolen like physical artworks. they are safe to own. Users are provided with credentials that are not easy to hack or decrypt. you don't have to worry about copyright infringement.NFTs are not only the images but various artworks such as music, video games can also be converted into the NFT making it impossible to breach its safety.
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