Did you know that in this digital era photography work can be a potential source of income? By utilizing blockchain technology, photographers can now sell their photos as NFT (Non Fungible Token) and earn profits in the form of crypto assets.
Related to this, the NFT platform then emerged as a digital innovation that allows photographers and artists to market their work. One of the popular platforms is OpenSea.
So, to understand more about how to sell photos in NFTs, starting from the benefits, types of products that can be sold as NFTs, to how to mint photos on OpenSea, see the following review.
Read More: Differences between Rarible vs OpenSea, NFT Artist Platform
What is NFT and the Benefits of Selling Photos in NFT
NFT is a type of digital asset that is unique and cannot be exchanged directly with other assets because of its unique characteristics. For photographers, NFTs offer new opportunities to commercialize their work in the digital world.
By using NFTs, every photo can be turned into a digital collectible item that can be bought, sold or exchanged.
A professional photographer named Jordan Banks has shown that NFTs are not just a trend, but also a revolution in the world of photography.
NFTs not only provide certainty of ownership rights to buyers, but also allow photographers to receive royalties every time their work is resold.
This means that, as a photographer, you can profit not only from the first sale, but also from passive income in the future. The uniqueness and authenticity guaranteed by blockchain technology make NFTs very attractive to collectors and investors.
Types of Digital Products That Can Be Sold as NFTs
Many people think that NFTs are only used for buying and selling digital works of art. In fact, all forms of digital objects can be sold via NFT.
For example, tweets on social media and funny memes have become hot commodities. For example, a Gif called Nyan Cat, featuring the flying cat pop-art meme that became popular in 2011, sold for more than $500,000.
Apart from that, various other digital works such as photos, videos, music, logos and illustrations can also be sold via NFT.
Read More: NFT Marketplace : Investment in a Unique Digital World
Steps to Prepare Digital Assets for Sale in NFTs
In general, there are several stages that need to be followed to sell works in NFT. First, you can create a collection page on OpenSea, then upload photos or other files that will be used as NFTs on the collection page (minting process).
After that, you can start selling NFTs on OpenSea by setting a price (listing). Also make sure that you already have unique digital assets or crypto assets to convert into NFTs.
Usually, transactions are carried out with Ethereum currency, but because the fees are quite high, you can consider using the Polygon network as an alternative.
How to Create a Collection Page in OpenSea
To create a collection page on the OpenSea platform, follow these steps:
- First, open the OpenSea site in your browser
- Create an account by connecting OpenSea to a crypto wallet, such as MetaMask
- If you don’t have a crypto wallet yet, create one first
- Return to OpenSea and complete your personal data in your account profile
- Don’t forget to verify via email.
- After that, open the “Account” menu in OpenSea
- Select the “Account” option and then “My Collections”
- Next, click the “Create a collection” button
- Upload a logo image, feature image, or banner
- Then, enter a page name and create a link URL for the Collection page in OpenSea
- Add an NFT description and category as well as some social media links
- Set NFT royalties to a maximum of 10% of sales proceeds
- Enter your MetaMask wallet address
- In the Blockchain section, make sure to select Polygon
- Then, click the “Create” button
- Wait until the NFT is approved
- Once approved, your NFT asset will appear in the buying and selling list
How to Mint Photos into NFTs on OpenSea
Below is a complete guide regarding how to mint photos into NFTs on OpenSea that can be applied:
- Log in to your OpenSea account
- Open the collection page that was created previously
- Click the option to add a new item
- Upload a photo or other digital file that you want to use as an NFT. This file will become part of your NFT collection
- After uploading the file, you need to fill in the necessary information for the NFT, including providing a relevant name for your NFT and writing a description explaining the content and value of the photo
- After filling in all the details, click the button to start the minting process
- After the minting process, you have to wait until the NFT is approved
- If it has been approved, the NFT will appear in your collection and can be traded on OpenSea
Read More: How to Easily Create Unique NFTs on OpenSea
Complete Guide on How to Sell NFT Photos on OpenSea
The following are the steps related to a complete guide on how to sell NFT photos on OpenSea that you need to know:
- Visit the OpenSea.io site
- Login with the account you have registered
- Click the profile photo located in the top right corner
- Select the “Profile” menu
- Select the NFT from your wallet that you want to sell
- Click “Sell” to enter the sales registration page
- Select the sale type and set a price for the photos to be sold
- Choose between fixed price or auction price
- If you select an auction, enter the starting price, expiration time, and price threshold
- Auctions can last for 1 day, 3 days, or 1 week
- After the sales settings are complete, click “Complete Listing”
- On the first sale, verify the wallet by making two transactions. This is to initiate a sales account and give the item access to OpenSea while the sale is taking place
- After paying the required fees, confirm the sale details and post the NFT for sale on OpenSea
- Finished! Your photo has been registered with the NFT, just wait to get the profit
Tips for Success in Selling Photos as NFTs
To achieve success in selling photos as NFTs, you should use social media to attract buyers’ attention.
You can share NFT photos on various platforms, from Instagram, X (Twitter), to Facebook, to increase visibility.
Additionally, join NFT and digital art communities to network and attract more people’s attention.
Also use appropriate hashtags and account tags related to NFTs and digital art to reach a wider audience.
Besides that, it is important for you to understand the terms and mechanisms of NFT so that you can avoid losses.
Learn basic concepts, such as minting, gas fees, smart contracts, and royalties, to avoid mistakes that could have a negative impact on your profits later.
Also get to know the differences between various NFT platforms and blockchain networks, such as Ethereum and Polygon, and the fees associated with each.
Furthermore, you also have to understand how royalties work and the copyright of your photos will be protected in the NFT world.
With this knowledge, you will be able to increase your chances of success in selling photos as NFTs and maximize potential profits.
Conclusion
Selling photos as NFTs on platforms like OpenSea provides new opportunities for photographers to commercialize their work in the digital world. The process is quite simple, starting from creating a collection, minting, to setting a price and selling the photo.
With NFTs, photographers can profit not only from the first sale, but also from royalties every time the work is resold. To be successful, it is important for photographers to understand basic NFT concepts, utilize social media for promotion, and join NFT communities to expand their network. With the right strategy, potential profits from selling photos as NFTs can be maximized
So, that was a complete tutorial discussion on how to sell NFT photos easily, apart from that you can also read various interesting information about the world of crypto and blockchain at the crypto academy at INDODAX and hopefully this article is useful and see you in the next article.
FAQ
1. What are NFTs?
NFT (Non-Fungible Token) is a unique digital asset that cannot be exchanged with other assets. NFTs allow digital works, such as photos, to be sold, bought and exchanged on the blockchain.
2. How do I sell photos as NFTs?
You can sell photos as NFTs by creating an account on the OpenSea platform, connecting a crypto wallet, creating a collection, and minting
(turning photos into NFTs), then setting a price or auctioning them.
3. Which platforms are suitable for selling photos as NFTs?
One popular platform for selling photos as NFTs is OpenSea. This platform allows users to easily carry out transactions using blockchain.
4. What are the advantages of selling photos as NFTs?
Photographers can earn profits from the first sale as well as royalties whenever the NFT is resold in the future.
5. What do you need to pay attention to when selling photos as NFTs?
It is important to understand NFT concepts such as gas fees, smart contracts, as well as using social media for promotions to attract more buyers.