Why are artists turning to NFTs as a new source of income in the cryptocurrency industry?

3 answers

• Feb 18, 2022 · 3 years ago
  One reason why artists are turning to NFTs as a new source of income in the cryptocurrency industry is the potential for higher profits. Unlike traditional art sales, where artists often receive a one-time payment, NFTs allow artists to earn ongoing royalties every time their digital artwork is sold or traded. This can provide a more sustainable and long-term income stream for artists.
  388194
• Feb 18, 2022 · 3 years ago
  Another reason is the ability to reach a global audience. By selling their artwork as NFTs, artists can connect with buyers from all over the world, without the need for physical galleries or exhibitions. This opens up new opportunities for artists to showcase their work and gain recognition on a global scale.
  311104
• Feb 18, 2022 · 3 years ago
  In addition, the decentralized nature of blockchain technology, which powers NFTs, provides artists with greater control over their work and the ability to authenticate and prove ownership. This can help protect artists from copyright infringement and ensure that they are properly credited and compensated for their creations.
  32782