You might have heard about NFTs in the last couple of years. People constantly talk about digital arts and how NFTs make it more profitable for artists. But, do you know that NFTs can also help you as a filmmaker to sell your content and make good money?
Keep reading, if you want to learn more about NFTs and how they can be a way for filmmakers to monetize their video content. We’ll try to explain everything to you.
What Is an NFT?
Before going deeper into details about ways for filmmakers to monetize their content with NFTs, let’s figure out what an NFT exactly is.
It is a so-called non-fungible token that is stored in a blockchain and has value because of its uniqueness. As all NFTs are verified and registered in the blockchain ledger, it is possible to track the ownership of each one of these digital assets.
From visual art, collectibles, music, and videos to posts on social media and even digital clothing — everything of these can be an NFT. Some of these things can sound crazy, but this doesn’t change the fact that a lot of people are interested in purchasing digital assets.
How Does Selling NFTs Work?
What is more important to know if you want to get profit from NFTs is how selling them works. Why do people see these non-fungible tokens as a way to enrich themselves? Well, their point of view is quite reasonable.
First, artists and other NFT creators usually create unique assets that are selling like a limited edition or just one-of-a-kind piece, that can be owned by one person. The price can be as low or as expensive, as the author wants it.
For example, one of the most expensive sold NFTs is the artwork “Everyday” created by Beeple was sold for $69 million to just one person! Of course, not all NFTs are that expensive. But, due to the fact that every NFT is unique, chances are to sell your digital work for good money.
How Can Filmmakers Profit From NFTS?
Filmmakers have good chances to sell their videos in the NFT format. The trick of successful NFT selling lies in moving your focus from trying to reach a wider audience to creating one-of-a-kind videos that will have a higher value.
Just imagine, it is possible to create a video, even by using free video editing software no watermark, then turn it into an NFT, and sell it as a unique digital asset. It’s definitely worth a try, isn’t it?
Even a mo-name filmmaker has a chance to get a good profit from his works by selling them as unique non-fungible tokens. The key to success is to make your videos authentic and unique, so they will have a higher value for potential buyers.
Are There Any Examples of Successful NFT Videos?
Are you wondering if there are some videos that were sold as NFTs for a good price? Well, the truth is there are a lot of such videos, even though they were sold for a lower price than most well-known NFTs like.
For example, some of the most expensive video content ever sold as NFTs were popular YouTube videos. You may have watched “Charlie Bit My Finger” or “Nyan Cat”. These videos were sold for hundreds of thousands dollars!
Even Hollywood started releasing films as NFTs. And there are many more examples of how filmmakers benefit from NFTs, as this industry opens a lot of possibilities to monetize digital pieces of content.
The NFT industry gives an opportunity for all artists to monetize their works. Filmmakers are also starting to turn their films and other video content into NFTs and receive a good profit from it. Thus, you also have a chance to do so with your content.
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