NFTs ARE AWESOME!!
NFTs can solve a lot of issues.
NFTs are being used really well in games
NFTs have lots of potential for ownership items (even houses, cars etc)
NFTs sometimes have a special real world bonus feature
(music downloads, consultation time a free shirt etc)
but be careful...
NFT for ART is a gold rush right now many people are being greedy and yet stupid. So many early adopters are gonna make a bad name for the awesome thing that is NFTs and soon lots of people are gonna have reasons to be upset.
I'll explain why below...
WHAT IS "NON-FUNGIBLE"
Basic Description: NFT is a token that represents a thing.
It basically means it's NOT fungible
What is fungible? Well currency is fungible...
WHAT YOU SHOULD DEMAND FROM NFTs
You should demand to know what you're getting when you purchase it.
You should not buy anything that doesn't tell you want you're getting... or you're quite literally only getting a token. Are you actually getting the art? The data you are sending via a blockchain doesn't actually contain the art does it? The data you have the blockchain-keys to only has a link to the art is my guess... seems to me you don't own the art in any fashion unless they actually state that you own it.
A creator sending you a file may actually hold up for copyright law but them sending you a link but not telling you that you have the right to use it would not hold up at all.
Even if you were given a link or sent an image by law it doesn't mean you actually own any right unless the creator says you do.
COPYRIGHTS
Aka The right to make a duplication of a piece of art
- Printed or Reproduced Digitally (yes that means placing it anywhere online)
While i myself have traditionally been pretty lax on personal use of my artwork and lots of people don't seem to care I have been 13 years in photography industry and have seen a lot.
- There is a large body of law around copyrights whether you care or not they still exist
- But in practice every artist seems to have their own policies regarding how they allow or want their work to be used (when I say "use" it literally means "copy" because that's what using is.)
- "Print rights" tend to be the word people use for the physical form of copyrights.
WHAT KINDS OF RIGHTS
Let's break it down shall we... hopefully in easier to understand terms
The right to use the art personally
This means putting it on a post (this includes FB, Instagram, Blogs and PeakD.com) using it for a profile or cover photo, using it on an electronic display/frame.The right to use the art commercially
Meaning used in connection of a commercial venture.
There is some grey area with how direct of impact it has on making money... does a post from a business count ... well seems to be how directly it impacts their bottom line. A business simply resharing your picture on FB has rarely ever been prosocuted for commercial rights.The right to make money off of the art
This one is rarely given to people but maybe it's something people are willing to consider in the world of NFTs.The right to alter the image
This includes even cropping the image but what most people are concerned about isn't cropping but changing the look and feel... more drastic forms of editing.The right to give the rights to the image to someone else
I suppose then you'd have to specify which rights they can transfer to another person. And if this is the case you should know if the creator is also keeping this right after it's given to you. (This is more common than you think in many paid projects. Example: Taylor Swift's paid photographer perhaps never has the right to sell to a 3rd party.)
Other things to think of?
- Does the person have right to a certain size file? I guess if they give access to a certain size file then it can be inferred if not then that 200x200 pixel thumbnail is perhaps all you have a copyright to.
WHY DO WE HAVE THESE PROBLEMS RIGHT NOW?
- Because there are a lot of new artists trying their hand at the gold rush that don't even know much about Copyrights they're just going with the flow.
- Because most NFT sites don't support a simple organized system for denoting rights when it applies to ART.
- Because there are a lot of lazy and dangerous assumptions being made... meaning people say "It's just assumed that the person has the right to personally use the image"
- And one of the biggest reasons... Because people don't care if they own anything when they bought the NFT they only cared about SPECULATION ... meaning they bought something because they thought they'd be able to sell it later for more to another person who doesn't care about actually owning any right to the art. (And presently they are often right in this assumption... until they're not)
- Maybe some rich people are buying NFTs as a way to donate to an artist? I guess we should have one positive guess about this.
- What would be sad is if buyers didn't even care if they had a copyright because they're so desensitized that they were gonna do whatever they wanted with someone's artwork anyway regardless of getting the NFT.
Why aren't sites helping users and artists with this info?
Perhaps because they're crypto/blockchain nerds who don't know a ton about art? Maybe they started as a place for game based tokens... that was the focus of opensea.io for a long time. And maybe there are so many cryptos already created they're worried about fixing their mistakes from the last few years. Or because they realize that most buyers are only speculating anyway and don't really care about any rights to the art.
BE CAREFUL!!
We could say don't use those sites that don't display what you're actually getting with a NFT, be careful of artists that also don't denote it. But these sites happen to have the most crypto-millionaires buying up stuff... so it's a tough spot to be in.
But there will come a reckoning and people will start having issues and people will start asking themselves: "What did I actually get when i spent .5BTC to get this NFT"
And what happens if they can't sell it for at least .5BTC will they be able to say.. "Well at least I have this art" ... Well do they? Do they actually have the art?
I HOPE PEOPLE STOP USING ETH FOR NFT
I hope NFT buyers switch to NFT platforms on blockchains with lower fees like wax or better yet HVIE(via hive-engine). There are already a couple but they don't do a good job with rights either
https://nftshowroom.com / (they don't talk about rights sadly)
https://lensy.io/ (They give a vague system of rights... better than nothing)
https://wax.atomichub.io/ (I have seen some people indicate rights so this platform seems to do a passable job)
Totally agree, this is what I am saying since months, NFTs without any license attached to them are almost useless (except speculation) and are a missed opportunity, in the future NFTs will have specific licenses attached to them like you explained and will allow to track authenticity, ownership and usage.
I hope that a hive based marketplace comes around that treats this issue with more diligence and has more options for nuance
To their credit Nftshowroom has at least 2 options and explains what they mean so i guess it's important to know if the creator mints their token on nftshowroom so you can know what they agreed to when the created it.
"Private": From what i read below they can ONLY have it displayed in their collection area? I assume that is the collection area beyond nftshowroom and including other hive based NFT platforms?
"Limited Reproduction Rights": First off the name wans't obviously intuitive but it does work and the description is pretty detailed and apparently it is a pretty open right.
So artists and buyers need to be pretty OK with the 2 rights options that are stated here. I think in the long run a site that offers more nuance is what is going to be successful.
Thanks for further unravelling the options. I slightly disagree with your blogpost closing, because @nftshowroom has done a great job so far and they are the only ones really started a discussion on it. I just recall the Beeple hype and his words afterwards "you are not allowed..."
What was he actually doing in preparation for the Christie's auction? What was Christie's actually doing in legal preparation for their artist?
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Their rights section is very lacking and the fact they don't define the rights on the nft itself and put it on a website that can easily change or go away is very short sighted. They have attempted to do something and that is good but it is still very lacking so I buy art there with these inadequacies in mind
Kudos to @nftshowroom for offering two licenses for NFTs, @aggroed really understands and lives NFTs.
Haha it's a start but hardly sufficient and at least something. I'm still looking through different blockchains and marketplaces to see if any others do it better.
There's a whole lot of nuance and variance to be had between Private (aka only look at the image) and what ammounts to do almost anything besides mint tokens of your own.
Do you have any thoughts on Wax and Phantasma?
My thought is this... can i send someone Hive or HBD for some wax so i can try out atomichub? I just don't want to have to figure out how to get me some wax and I'm sure that's how people feel about swap.hive... how in the world do they get it and they're probably frustrated it costs 1% fee to turn hive into swap.hive
Those gatekeepers knew where to implement mechanisms to make us lose some cryptos on the way, if they only provide a good service and not only prospects of being hacked 😂
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On leodex.io the fee is only 0.25% if I am not mistaken 😁
I'm just little people, so my opinion isn't worth a hoot.... and won't be too popular.....but....
I just saw a TV program last night on the art NFTs and found it somewhat interesting.
If I paid for a piece of NFT art, I would expect to be able to do whatever I wanted with it, with the one exception of presenting it as if I was the one that created it. What good is it if that is not a given? Otherwise, I paid for air. It will take much more convincing to get me to pay for that.
Why do you think your opinion wouldn't be popular?
I have now purchased 3 relatively cheap NFTs... because I didn't really know what I was getting 5-10Hive seemed like a fair deal and almost like tipping the artist for creating something awesome.
1-2 Two of them say "Private" not sure what the heck that means to them or to the site that gave the artist that selection option.
3 One of them says "Private" and then the author actually wrote "Cannot be used commercially" that's always been an issue with copyrights is that statements are very ambiguous as to what the artist considers "Commercial" but I don't plan on doing anything close to commercial so it's fine.
All in all i still don't really know what I can do with these images... but i guess people online these days post stuff without ever asking anyway so posting them on my blog is probably ok. But it's Hive/PeakD and posting on my blog will earn my money... So? Is that ok??
I suppose the unpopular comment came simply from what was rolling around in my head at the time.
To say that I thought if I purchased something, I felt like I could do whatever I pleased with it..... well.... it seems from what I read that many artists really want to sell their art and keep it too (not just in NFTs) ! We all need a business like that ...right?
I would never think two ways about putting photos up of art I own in a blog or facebook post or the such. That I received Hive for the posts it was in would never cross my mind as questionable.
Too many rules ! ha ha
That is what NFTShowroom says about the rights you as an minter can chose when minting.
I am also a bit lost on all of that, and also not really in the business so didn't really got deep into it.
Edit:
Just seen that you commented on it in the next comment.
I don't quite understand why they would come up with such confusing definitions. In the "real" world of copyrights, I post a lot of my stuff as CC, but with the restriction of "Attribution-Non-Commercial-No Derivatives": https://creativecommons.org/licenses/by-nc-nd/2.0/
So why they tried to re-invent the wheel is beyond me, since all these different licenses are already part of the legal framework of Copyright and Creative Commons.
More about Copyright on my Visionary Art website.
Nice
maybe some nft isn't public domain. like you can do anything with a http://pixabay.com image
Thanks Jarvie! I appreciate your thoughts on this subject. Currently waiting for my application on lensy.io to be approved. Going to dip my toes into this nft world and see if it's for me. Either way, interesting times... Cheers!
I was checking it out... a marketplace is only as good as the buyers it brings there? But i guess the artists help make a market place better?
Do you know what the price is to tokenize? I am not quite sure about it.
We both sell pictures including digital files that come along with print rights. On my website jarviedigital.com I get a decent amount of people buying for $100 for the right to print some pictures of religious buildings. Not sure what i'd do as an NFT, would i sell it for a lot less and not give a print right or give a print right which is risky because they then presumably would have the right to resell it then would the next person also get a print right with it?
So many questions. haha
The lensy discord has a FAQ section that answered a lot of my questions. About 6 swap-hive to tokenize. I figure I'll try adding a new image that is not on my website and not on other social medias and see what happens. "Private" only and I plan on explaining a bit more what that means in the description. I know this isn't going to make me rich, lol, but I feel like I need to give it a full try before I form too much of an opinion.
6 hive to mint a token is fine now... not sure what happens when price of hive goes up a bunch i wonder if they'll drop that.
They also take a 10% fee on sales right?
All in all it's almost as expensive as my website even while having a CC processor in there taking a fee.
Also keep in mind that users will have to spend market costs to convert to hive then pay 1% fee to turn hive into swap.hive.
Yeah, I personally don't think it's great for licensing images as stock photography. The pricing could get weird and controlling the terms (or price based on terms) isn't really available so for now, that's a no for me.
But, if someone wants a "collectable", I can see the value in an nft "product", IF everyone plays by the rules. (I look it as kind of like a cool expensive splinterlands card that you never actually use in battle.) It will be interesting to see how abuses and solutions evolve. For now, I'll offer an image or two while I learn more...
I was wondering what interesting photo NFT features would be. So i'll brainstorm outloud
Well, I created my first NFT today! We'll see how it goes... The uploading was simple and there were more TOS I had to agree to.
Interface upgrades are definitely needed as well as more rights options, but I'm glad I got it done.
Private access to a larger file is possible, but I believe I accidentally uploaded a full res as the preview so I think it can actually be downloaded without purchasing, lol. Not that big of a deal for this particular image.
I really like the idea of offering a print with the purchase of an NFT, something I have been thinking about as well but didn't do it for this first one.
A coupon code or note can be added and sent to the buyer. I thought about doing this as well but not on this first one...
Charitable causes would be great! Might be hard to enforce but definitely could be advertised in the description.
More to learn... Have a great day!
One guy is selling a physical art work along with the nft. I questioned him and he expects the buyer to sell the physical artwork and nft . I like the idea. Would that work? What are the pros and cons of selling physical artwork along with nft?
6 hive? Is that a price increase ? I thought it was 5 hive.
Great write up. I was going to ask you your thoughts on NFT's, but now I don't have to.
One question though, are you going to mint some photos? (Maybe you have already?)
I bought a few NFTS and i'll consider minting but I'm hoping to find a photo centric marketplace that does a good job with Rights. Hopefully someone makes one because we're too buys with other feature sets on peakd.com
It's all so chaotic. Everything's rushed. I've thought about jumping in on many occasions, thinking maybe I could make a few bucks. At this point, I think if someone made a request/offer, I'd hook them up. Filling shelves costs money and I'm not in the business of collecting dust. But if they simply enjoyed something I did and want to support me, we could skip a lot of steps and just send a tip directly. I realize the chance of someone coming along to plop a few grand in my wallet as a 'thank you' is slim to none. Oh well. At least I'm not selling customers confusion all while enriching the middleman.
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Another Naysayer to NFTs? Holy Cow, I thought I was all alone and I hadn't even considered the copyright mess.
I think it's the next big bubble/scam/ponzi just waiting for a place to happen. When a very modestly successful artist sells an NFT for 98 million I have to believe that every dickhead on the internet is going to be figuring out how to get their piece of that. It's liable to make the poor Nigerian prince look like a piker.
I don't think you CAN copyright an item attached to an NFT as the token itself is unique. You are, after all, buying a token that is (maybe) attached to something that might or might not represent value. What could possibly go wrong?
I'm thinking NFTs are going to give crypto a seriously black eye that is likely to take a long time to heal.
I wouldn't call myself that. I am cautious and I want NFTs to do well so I'm protective of all the crazy stupidity happening. The hype speculators are gonna hurt this and like you say "give crypto a seriously black eye that is likely to take a long time to heal."
I think an nft art is like a signature from the original artist. It's proof that it came from the original seller. The new, recent, Leonardo da Vinci art didn't have the proper documents that Leonardo da Vinci painted it. A nft would solve that problem. It bypasses the middleman, the art gallery.
Probably the worst use NFT's can get, money laundering, scams and all kind of dangerous situations can happen if the rights aren't propertly explained in the selling.
With all the hype NFT's are having I can't understand how all the media focus in art related NFT's, as you mentioned has much more interesting properties for games, lands and almost every asset real or digital.
The problem with the art is the same as always how do you value a artistic piece?, this is multiplied by the owning rights that NFT's can have. The result is a very blurried frontier where everything is speculative.
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This is the important part isn't it?
The more i look into it some sites do a tiny bit of work to help delineate rights but it's very lacking.
Maybe some kind of app to identificate the characteristic of every NFT could be a hit, I mean does the code of an NFT register its characteristics in Hive?, or the issuer just specificates his rights and that's not reflected in the code?, ID of the item or whatever?.
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it's all about the copyright holder giving a right to someone else and the clearer that intention the less problematic. Essentially they could write some words in the description and it would solve it all... however the platform can help because so many are unfamiliar with these concepts and have no clue this is how things work. Also a platform standardizing this can mean that these things can be searchable and also provide for clearer consistent intentions that both parties understand well and which lead to less possibility of misunderstandings.
I've been thinking of this stuff as I prepare to mint NFTs. The NFT is associated with a photograph of a plant in my garden, but that's not actually the non-fungible thing I intend to sell: what I'm selling is, essentially, the right to have paid me to steward the plant in the photograph.
(The photograph itself will be released under Creative Commons Zero licensing, so available for any use to anone.)
The NFT's owner has the "right," then, to claim that they paid me to grow that plant.
I haven't seen anyone take this sort of liminal approach to NFTs, where the non-fungible thing is an action (the labor of gardening,) instead of an object.
What do y'all (especially OP) think?
Yeah that's cool you're adding a UTILITY to your token and that has actual value!!
I saw kings of leon saying their tokens had all sorts of utility... like getting the music and even a vinyl record and that part of their proceeds went to a good cause or something.
Cool, thanks for the feedback! (Seriously: this is the kinda stuff where it's easy to think something is a good idea, but someone else can easily see how it's not.)
Great explanations here @jarvie , I still don't quite 'get it' but I've a glimmer now.
I am interested in your experience in the photography field (see my post just a few moments ago)
I'm looking for a specific part, and I don't know where to look now.
May I DM you?
I have been scratching my head thinking bout these NFT use cases and how to invest in them, you brought up some very good topics to be considered before buying them.
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Just started with NFTs as a photographer the past fortnight just to see what all the hypes about - Its everywhere on my feeds lately even Tiktok.
Despite all the hype and news and going on to minting a small bunch I'm still confused to why someone would actually buy a piece they can't put up on their walls or display.
Ive ended with more questions about logistics and practical use then before I started but I'll give it a go just to see what happens.
There's a lot to unpack, and I don't have time to write a book but I do want to add a few cents.
As an artist, I'm aware of copyright laws and how they work, but the reality is in the real world, for individual artists such as myself it's largely useless. If you infringe on the copyright of Disney, say your prayers, but if you infringe on the copyright of a typical working artist, it's not something you can pursue in a practical way. Of course the law is there, I'm just saying in practice it tends to be useless.
Blockchains are stateless and copyright laws are local, so it's kind of pointless anyway. What if someone in China buy's my art? What's the copyright law there? Anywhere else in the world? Again, you could lose yourself in minutia of legalities that at the end of the day just don't fit with this new technology, or you can participate and use some common sense. If someone buys your art, it's theirs. Do you think I'd commit artistic suicide and go after someone that bought my art if they posted it somewhere?
If you bought the Mona Lisa, but didn't take it out of the museum, what would you have? Probably something like a certificate of ownership. If you sold it, you wouldn't need to physically move it, you just sell the certificate. Similar thing w NFT's. People are focusing on the actual digital file and can't really wrap their brains around owning the "artwork". The image lives on some server somewhere, and at least on Makersplace you can download the full res file, but that's not really the point. When the artist mints a token and puts it on the bc, they're signing over the ownership in the context of that ecosystem to the buyer. How does that translate into the non-blockchain world? At this point, it doesn't, and that's fine.
Buy stuff that you want, don't spend more than you can afford to lose, nothing is a sure thing, etc, etc.
BTW, all of that does NOT equal that at the end of the day what you concluded is not true. There will be legal friction and a shake up as disruptive tech gets introduced into an established system.
It's not just about legality it's about an agreement between the creator and the buyer. Anyone can break the rules of the game and people do all the time but we are dealing in areas of trust... and you're right there is little way to give any of this teeth.
We trust the artist will stay true to the game and not simply create more and more tokens of the same image after saying there would only be X editions.
We trust the buyer to do a few things... and sadly it's hard to enforce either except to point out a breaking of the rules of the game
Yea pretty much, but I think this is going to be something heavily reputation based on the artist side and collector side, so each side is incentivised to behave. Of course there WILL be out and out scam artists out there, but NFT's are not immune to human nature. New tech = new scams. Same happened with the internet.
Agreed
A great illustration of NFT but I think it's only business for luxury
Who will pay thousands of dollars for a drawing or a tweet!
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To be fair i just purchased a few NFTs on Hive with no transaction fee and the sale price was 5-10hive /per item so under $4 for each. I didn't have to spend thousands... will that mean I may not be able to resell for a ton because of hype... perhaps not but I enjoyed the art and the rights listed seemed like I was basically giving the artist a tip. Not even sure i am allowed to share the images here to be honest?
This is the post I wanted to see regarding NFTs. Thank you!
when lensy started one thing that i thought it would be interesting was an option for stock photography. as it is an NFT with an ID on the chain. So i think there would be a way of making something that would track the use of it. So you buy a stock photo to use for what ever and you prove ownership by NFT.
There was talk of making an option of "unlimited" numbers (for stock) of copies in a way that you mint the first one and then every time someone buys it, new NFT for that photo is minted... think no work was done on that front.
At the core of the concept of buying stuff, is, I buy something from you, I then own it. If the NFT craze can't satisfy that one criteria, then anyone who hands money over for them is being scammed.
I can see this developing at some point, whereby there is a physical world way you can scan an item and see that it has a unique code and therefore is definitely the original.
Cg
To be fair: You own something you own a token that is represented by a thumbnail image (kind of like a virtual dollar bill but without the image of a past leader of your country) ... however it'd be nice if that token represented something more... like rights to art. If they don't give rights to the art then it's perhaps even hard to call it NFT ART
I had just now come across a suggestion to post Deep Dream generated stuff as NFT's. That may be OK, as long as both the original image and the deep style used is your own. But most that use Deep Dream are using styles from others, or styles from the program. On the Deep Dream website, sort of hidden unless you open the subscription page, there it says the following:
Myself, I had used my own styles often, but also used other styles that are on the system. So one has to be careful to be within the legal rights to commercialize ones stuff.
For the time being, I'm just watching the NFT scene unfold.
There's something about the way it has been unfolding that gives it FAR more of that infamous "Tulip Bulb Mania" feel than the overall cryptosphere ever has.
ASIDE from anything to do with crypto, I've been in the "collecting" field for 30+ years and anything enjoying this kind of meteoric rise is going to get a HARD wake-up call when people realize what they have been caught up in. I can STILL buy whole sheets of postage stamps from the 1950's to 1970's that people bought "as investments"... for about 60 cents on the dollar compared to their FACE VALUE.
NFTs are awesome for serious artists creating great innovative art, but will likely end up a horrible debacle for the thousands of "also ran's" just in it for a cash grab.
Bottom line: the global demand for art didn't magically increase 1000% just because "it's on the blockchain." People lose sight of that...
=^..^=
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All of my favorite things are USELESS and CHAOTIC. As both an artist who sells NFTs and a collector who buys NFTs, I have to say that I don't give even a third of a fig about speculation or economic value. I've never purchased a single piece of art thinking, "I can't wait to sell this!!" I buy what I like, and I buy it primarily to encourage the artist who made the work to create more! (Ask around. I'm pretty vocal about this.)
I am also acutely aware of copyright law, which is why I tend to hand draw the majority of my pieces---or if I use collaged images from other works, I usually SAY that there are collage elements in the descriptions of those pieces. (I also know about remediation and transformation of iconographic and ideological concepts, but that is because my background is in Anthropology and Cultural Studies, not art or finance.) I'm into art as self expression, and I sell my art for cheap so that anyone who is interested can collect it. (I also like records, comic books, trading cards, Pez dispensers, View Master slides, and zines. I put great value on cultural and individual expressions of humanity.)
As for the "value" of NFTs---in a speculator sense---I'm not interested. Money is boring. Community is cool. Creativity is cool. Being funny is cool. Sharing a piece of yourself is cool. Being weird is cool. These things may be USELESS (in the sense that they have undefined ECONOMIC VALUE), and they are certainly CHAOTIC (in the sense that they can't be predicted or even understood by most folks), but that doesn't mean that they aren't valuable. The VALUE is more psychological than money based, and therefore more interesting and entertaining to me than how much my wallet bulges before or after my purchase...
My square-root of 2 cents worth...
In the post i feel like i did make stipulations that the token itself has value (mostly because of speculation and demand + rarity) and connecting it to a piece of work has value even if the owner of the token has zero additional rights (the right to display in their NFT wallets)
So there is value but they are nothing compared to values they could have given some bonuses.
As you can probably see i have purchases a bunch of NFTs on hive-engine system and i am happy with the value i got ... some i have no assurance that I can do anything but look at them in my NFT wallet and I'm fine with it because it was personally treated like both a TIP and a potential increase in speculative value and i just liked the art itself.
I believe your NFT was the first NFT i ever purchased... so i'll remember that.
That's cool! Did you buy through Tribal.dex? I just assumed it was directly off the NFT Showroom site. I think it's exciting the way all of these different "systems" are meshing and intertwining!
I used nftshowroom they have a pretty nice search experience. I hope hive nfts keep a very open protocol so that they're available on every market interface... that would be cool
I have recently joined the NFT world, since I mostly produce music as main passion but also some traditional and digital art.
But in terms of Music I have removed my music from all streaming sites on which I had them, spotify, bandcamp, soundcloud, youtube. In Bandcamp there is a preview snippet to one of the tracks and stands as portal directing people to my NFT gallery where they can see the tracks I have for sale.
I have released 2 Albums with Full Commercial Rights. The owners can do what they like with it once they own it. 1 Mint each Track, but every token holder gets download access to the whole album for private listening.
I have also started a "Forgotten Sounds Collection" songs that did not get into an album and stand alone for themselves or were unreleased or forgotten somewhere as a project only to be found later. These I am minting privately in limited issue 4-5 mints per track. Again inaccessible anywhere except through the token. I invite the owners to only share it through linking the token to others that way they are the only access points to the song. These songs I might later print in a Single-Mint Full Commercial Right Edition , but no other Private Mints will be done.
What does the Collector receive, he receives unique access to the song and becomes a unique access point for the song for the public. Those owning tokens from the "Forgotten Sounds Collection" also receive in the unlock section a download link to an dropbox folder in which all previous and subsequent releases from the collection will be accessible to them for private listening purposes.
In terms of Digital Art, I mint them as Private.
Adding value by giving them Tarot Reading Unlocks.
Some of them have my self-published Book in PDF format as Unlock.
And finally I would also like to create NFT's that unlock a physical item. I wanted to create an NFT for my acrylic canvases, they will be priced so that shipping fees are covered for most destinations, I will create a NFT with "Unclaimed" in title. Once the token is purchased the owner can send me his shipping details to the contact in the unlock feature and when I confirm, he will have to burn the token and I will replace it with a token updated with a customized shot of his canvas and (CLAIMED) in the title. If the first owner does not choose to (CLAIM). I will set aside the shipping fees and if the token changes ownership, any subsequent owner can request to claim the actual item without needing to pay any extra costs etc.
My gallery if you want to get peek
https://nftshowroom.com/ravenking13/
I think some collectors are burning gas as a tax-write off.
I think some artists are new and don't know about their rights. Similar situations happen with musicians. They just make and give away their work which kind of dents the whole music economy.
I am interested in your experience in the photography
Perfect art