NFT Photography Full Guide

What are NFTs?

Non-fungible token (NFT) means that something can not be exchanged for another item as it is unique, one piece of art is not equal to another, and each is a unique property. NFTs are tokens that live on a Blockchain and represent ownership of unique items.

Tracking who owns a digital life is tricky because it can be copied and distributed easily. So finding the original owner would be difficult since everyone may have an identical copy of a file. NFT is the answer!

Imagine you made a piece of digital art or photography on your computer. You can create or mint an NFT out of your art. The NFT that presents your art contains some information about it, such as a unique fingerprint of the file, a token name, and a symbol. This token is then stored on a blockchain and you, as the photographer, are known as the owner.

Once you own a token, you can sell it by creating a transaction on the blockchain. The blockchain makes sure that this information can never be cheated. Further, it allows tracking the current owner of the token and its value at the present or in the past. Note that the artwork itself is not stored within the blockchain or the NFT. Only the information, the token name, symbol, and optionally a link to a file hosted on IPFS are recorded. NFT is different in that when you buy an NFT that represents artwork, you don’t get a physical copy of it. You already learned that an NFT only presents the ownership and the records on the blockchain, so nobody can tamper with it.

You should know that NFT retains copyright and reproduction rights to make it more interesting. Therefore, an artist can sell her original work as an NFT, though he can still sell prints.

NFTs also can be used to sell concert tickets, domain new, in-game items, real state, and anything that is unique and needs proof of ownership.

For instance, the founder of Twitter sold his very first tweet as an NFT. Although anyone can see the tweet on his profile, only one person can own it, the one who paid for it.

Now let’s see why some NFTs are worth millions. Like any other asset, the value is determined by what people are willing to pay for it. Prices are driven by demands, so an expensive NFT may become worthless if it gets no attraction for buyers.

Why is NFT important for photographers?

Since the invention of the camera, photography has always been an amusing hobby for almost all people. People take shots every day with their smartphones and digital cameras, some of which come to be artistic. Among all, NFT creators also show their interest in photography and even sell some of their art in the market.

The traditional photography market has been limited to stock photography licensing, printmaking, and selling tangible copies. During the last decade, traditional photography experienced saturation, making it increasingly difficult for most artists to sell their work. Therefore, photographers entered the NFT market to make a better space to show their art and have a better revenue.

Creators believe that NFT photography is profitable and everyone can make a good living as a photographer if they have unique shots. The money made with NFTs is not comparable to selling a photo as stock photography.

NFTs provide a great chance for artists and buyers alike due to the unique structure of blockchain technology. Each transaction is recorded and cannot be erased or misplaced. Additionally, artists can benefit from the later sales of the NFTs by including a commission in their NFT contracts. Perhaps most importantly, artists can retain their full copyright, unlike many licensing agreements. This is a revolutionary feature for photographers and artists today.

Besides, pricing photography in NFT marketplaces is totally up to the creator and the collectors who pay for it. The usual price of the market for an NFT photography may start at 0.25 ETH, and there may not be a limitation.

The Benefits of Owning an NFT

The most important advantage of NFTs is in proving ownership. Because NFTs are part of the blockchain network, they can assist in linking ownership to a single account. Most importantly, NFTs are indivisible and cannot be distributed among multiple owners.

The benefit of having art is it allows you financially back artists you admire. Purchasing an NFT generally provides you with some main usage rights, like posting images online or using them as your profile photo.

When a person purchases an NFT from the creator, they get ownership in a way that it becomes their possessions.

Ultimately, an NFT is a digital guarantee of ownership acting for the buy of a digital product, identifiable on the blockchain.

For example, a painter has to frame his painting and take it to galleries so that he can sell it, but now there is a better place to sell these artworks.

You may think that creating NFTs is difficult, but it is not. Creating your own NFTs is so easy and by following some steps you can easily make NFTs.
OpenSea and Rarible are the leading platforms for NFT creation. Rarible dominates whole sales figures, but OpenSea provides more related services, such as the ability to create your own NFT webstore powered by the OpenSea exchange. These two platforms permit users to upload their art and create collections without any special technical blockchain knowledge needed.

You do not need to know much about cryptocurrencies to build NFT, the only thing you need is some tools, such as a digital currency wallet and some ETH. If you are not familiar with these things, don’t worry, you can set it all up in minutes on your mobile phone.

The costs of creating an NFT photography

There is a cost to create an NFT, mint, and upload it on an NFT marketplace, which could be various depending on the cryptocurrency used. The cryptocurrency is determined by the type of blockchain creators may employ, such as Ethereum, Binance Coin, etc. Such costs are called gas fees.

The gas fee fluctuates from time to time according to the value of the cryptocurrency market. In the case of creating or minting an NFT, it is obvious that prices should be observed from time to time to start the process with the best price.

However, there is no choice if you want to sell your NFTs. Since most NFTs are sold on bids, the price of the cryptocurrency depends on the market price at the moment.

Photographers may easily consider this point a disadvantage, however, it is eventually not, since these platforms help creators sell their work with ultimately a larger profit compared to making images available as stock photography.

NFT Photography Marketplace

With the help of marketplaces, you can sell your NFT photography in a secure, user-friendly environment.

There are several elements to take into account when choosing which marketplace is the best for you. The first thing to take into account is which marketplace will give the best choice for the currency you use.
These are the elements that you have to consider:
• Currency
• Type of NFT
• Gas Fees

Here I listed the best NFT photography Markets to sell your photography NFTs.

Most frequently asked questions about NFT photography

Can I sell a photo that was previously sold as stock photo as NFT?

The main ideal idea behind an NFT which makes it the most valuable is its rarity, meaning that the value of an NFT is closely related to the uniqueness and scarcity of digital arts. Most NFT Marketplaces come with no clear rules or regulations to prohibit selling stock photos as NFTs, but keep in mind that NFT collectors look for rare items to buy and add to their collections. The rarer the items, the more valuable their NFT collection will be. So, it goes without saying that although it is possible to sell stock photos as NFTs, collectors do not seem to be interested in buying digital assets which are available in other marketplaces.

Can I mint my photography NFT on multiple marketplaces?

Currently, there are no limitations to mint NFT photos on various marketplaces or blockchains; however, artists just need to think about why they would do that when they are already aware of the importance of rarity to NFTs. The more common an object gets, the less valuable it is. Therefore, it makes no advantage to your NFT photo if you create some copies of it on several NFT marketplaces. Do not confuse the NFT market with the Stock photography market, where you may sell the same photos on different platforms. Valuable NFTs are always unique.

Can I create photography NFT on any available blockchain?

Well, the answer is still the same. There are no current limitations to do so, however it still is unfavorable to mint an NFT photo on several blockchains as it will not be rare anymore. Would you like to pay a big money for something that is supposed to be unique and valuable while it is available on other platforms too?

What are people doing with their own photography NFTs?

A short look at the NFT world clearly shows the current hype in the market which has attracted a wide variety of creators, artists and photographers. Almost all artists and creators have joined the realm of NFT pictures to make a profit off their art within the cryptocurrency market. Among these, NFT photographer seems to try to increase a creator’s revenue and follow a style that makes more art to their collections so that it will be easier and more profitable to find an investor or a collector.

Some NFT photographers even have gone further to exhibit their digital art in virtual world galleries, museums and anywhere else they can set up to present their NFT photos.

Photography NFTs digital ownerships and copyrights

When we come to talk about NFTs, we already keep in mind that NFTs come with some unique advantages for their artists. You already know that all NFTs mint on a blockchain that records all transactions and ownership changes to the NFT. Therefore, it is easy to recognize and trace the status of digital assets. Meanwhile, artist of a certain NFT has always some rights with the NFT they minted. Simply saying, an NFT artist has the full ownership of copyrights to their NFT arts as they mint it. These copyright protections do not transfer to the new owner of the NFT in the case it is sold, but it always stays with the owner. However, the traders may agree on transferring the rights to new owners based on the smart contracts they make.

The copyright owner with an NFT has the exclusive right to make advantage of any commercial use of their NFTs based on the contracts made at the time of minting or selling.

Trending Photography NFTs of 2021

Here are some photography NFTs which are presently considered the top and best-selling NFTs (source: NFTNewsPro.com):

1. The amazing Olga

The first time I worked with the amazing Olga Kaminska. It was the first time I worked with a professional model as well. This is where it all began. With this photo, I created a style that became my signature for many years. Without this shoot, I would not be where I am today. The most important partnership I have ever done and the photo that began it all for me.
Malmo, Sweden 2014. The reserved price for this photo is 0.30 ETH.

2. Tilda, Queen of Scotland

Tilda, Queen of Scotland. She was born in the coldest place in the world, the Republic of Sakha. She was a professional gymnast and presently she writes prose and dances.
This photo was sold for 0.25 ETH.

3. ℣∠∆ⅅ∧ _ℂ⊙╳╳ ╾╽▀▂▅╼

This is a Glitch portrait of VLADA COXX, this NFT is an exclusive 1 of 1. The reserved price for this artwork is 0.1691 ETH.

4. SO MIAMI

This artwork is about a beautiful woman enjoying the sunrise in Miami Beach. This photo expresses Miami in one image. Shot at sunrise in Miami Beach Florida.
The reserved price for this NFT is 2.00 ETH.

5. What is right in front of you

Collection: The Flying Squadron( L’Escadron Volant)
The last decades of 16th Century French history are usually known as “ The Age Of Catherine de Medici”. Mother of 3 French Kings, Catherine learned through her marriage to the dishonest King Henry lI, the fact that men were obsessed with beautiful countries.
It was sold for 0.50 ETH

6. Un Soir d’e’te’

“Un soir d’e’te’ is maybe the most symbolic photo of my work. It was taken by many magazines and represents the emancipation of women through freedom.
The reserved price is 1.50 ETH.

7. Into the Night

This photo of the Vancouver city skyline is one that I kind of always imagined taking. When we left the car and began to walk to our location, the moon was out in whole force with a bit of marvelous earth glow.
All of these photos were taken at the same place on the same night, and after that complied. This photo was sold for 0.15 ETH.

8. Where Is My Mind?

I’m completely sure I was attempting to drink myself to death around this period in my life. All I needed was to be numb. But this specific morning was different. “I don’t think I care about making pretty pictures today.”
The reserved price for this photo is 0.50 ETH.

9. Druid’s Prayer #1

This artwork is named” Druid’s Prayer #1”. It is in between the infinite soil and mutable flesh.
It was photographed in September 2021. The reserved price is 0.33 ETH

10. What is right in front of you

It is a Variant of Enjoy. Edition 1 of 1. The size of it is 4000 x 4000. It was sold for 3.00 ETH ( $11,396.88)