Increase Digital Art Value With NFT
For a long time, digital artworks were inferior to traditional artworks. One of the reasons was that they could be duplicated easily, the copies held the same quality as the originals so it was hard to differentiate prints from originals.
That has changed since the argumentation of NFT.
NFT (Non-Fungible-Token) acts as a certificate of authentication for digital artworks. Digital artworks “signed” by NFTs are originality guaranteed. So it’s a must-have if you are a digital art collector.
There are many marketplaces online for NFTs, such as Opensea, Rarible, etc. You can buy and sell digital artworks on these platforms. However, I’d like to introduce a different way of using NFT to increase your digital artwork value.
Say you want to sell original digital artworks by printing them out on canvas, and sell them through art fairs or galleries, you can create an NFT using a digital platform and transfer it to the buyer as a certificate of authentication, or a “signature” of your artwork.
The buyer not only owns the physical artwork, but also owns the artwork in digital format, which they can share on social media, print out more copies, or trade it later. These additional benefits greatly increase the value of the artworks, even more than their traditional peers.
You might ask why the artists would give away so much right of their artworks, one great feature of NFT is that the creator can decide a royalty up front (up to 10% on Opensea), so whenever an NFT is traded in the future, the creator can be rewarded fairly online.
Check out my original digital artworks on Saatchi Art, all come with NFT signatures upon request.