NFTs Explained

NFTs or “non-fungible tokens” are a popular new way of selling art or photos. NFTs are tracked on the Ethereum blockchain, and enable someone to buy and own the original copy. Oddly, you can buy the original, but the digital copies are the same quality. If you are a photographer, it is good to know that NFTs also enable you to collect a fee each time the item sells. You can also retain the copyright and reproduction rights, just like with physical artwork, but you would need to stipulate that in the sale agreement.

To try your hand at selling NFT images, two of the biggest markets are OpenSea.io and Rarible.com

Businessweek Article on NFTs

Author: dotphoto

Glenn Paul is President and Co-Founder of dotPhoto, which began life in 2000 as a photo printing service and now also distributes user-generated media in Flash, video and on cell phones.

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