The NFT market has expanded rapidly in recent years. There is also a large number of individual investors and creators entering the market. Under such circumstances, the number of creators selling photos is increasing. Can you sell a selfie photo?
Notes on NFT photos
Regarding NFT photos, it is necessary to pay attention to the following points when selling. NFT photos can be sold, but problems can arise if you are not careful.
A copyright is a right that arises in relation to a work. It is a law that was enacted to protect rights and develop culture, so it is prohibited to buy and sell other people’s works. It is prohibited to take pictures of other people’s paintings and sell them without permission.
right of portrait
The portrait right is the right that each person has to prevent their appearance from being photographed without permission and the photographed photograph from being used without permission. When using photos with people in them, you need permission from everyone in the photo, so please do not use them without permission.
A trademark right is an exclusive right granted to a trademark used for goods or services. The effect applies not only to identical trademarks and designated goods, but also to similar ones. Characters, figures, symbols, etc. are protected as trademarks.
Advantages and disadvantages of NFT photography
When using photographs, be aware that there are advantages and disadvantages that differ from works of art and music.
NFT creation is easy
NFT creation is easy. To convert a photo to NFT, it is possible with a smartphone. So it’s very easy because you just have to take a picture with your smartphone and sell it. Anyone can do this, so anyone can make money.
Currently, there are not many people selling NFT photos. It is also a market that can be said to be an opportunity. Only individual creators have entered, so there is a possibility that you can earn enough even if you enter from now on.
For general photo exhibitions, it is common to rent a gallery to display and sell photos, but this has the disadvantage of being expensive. On the other hand, NFT photos can obviously cut costs, so the hurdles are very low.
NFT works can be set to generate royalty income to the author when resold. The more you resell, the more part of the transaction amount comes into your hands like royalties, so it can be said that it is a very delicious business.
change in value
The history of NFT and virtual currency itself is still short, the value is very fluid, and the current situation is that the up and down fluctuations are very intense. Perhaps because of that, the value of works and currency fluctuates very well, so the market is characterized by being very unstable, with cases of large losses and large profits.
Examples of NFT photos
This is a case where photos taken in space are sold as NFTs. This is the world’s first NFT, so it attracted a lot of attention.
NFTs sold on OpenSea. This is a photo of a fantastic landscape surrounded by ice that is sold as an NFT photo.
Gate.io allows you to enter the NFT marketplace and actually do business. To do so, you will need to open an account. If you want to sell your work, open an account. I also introduce it in the following article.