💎 A step by step guide to NFTs for creators
If you're a creator, you're probably wondering:
What is an NFT?
Why should I care?
Why are fans paying $$$$$ for digital content?
How do I create an NFT?
New post and thread with @NERFWRLD 👇
creatoreconomy.so/p/guide-to-nft…
If you're a creator, you're probably wondering:
What is an NFT?
Why should I care?
Why are fans paying $$$$$ for digital content?
How do I create an NFT?
New post and thread with @NERFWRLD 👇
creatoreconomy.so/p/guide-to-nft…
1/ What is an NFT?
An NFT is a record that shows who owns a unique piece of content.
Creators produce unique content such as images, videos, songs, and essays.
With NFTs, fans can now own your content and directly invest in your success.
An NFT is a record that shows who owns a unique piece of content.
Creators produce unique content such as images, videos, songs, and essays.
With NFTs, fans can now own your content and directly invest in your success.
2/ I already own my content, why do I need NFTs?
You don't really.
Today, middlemen sit between you and your fans to:
1. Take most of your earnings
2. Own your content rights
3. Control how many fans see your content
Just look at artist revenue share in the music industry:
You don't really.
Today, middlemen sit between you and your fans to:
1. Take most of your earnings
2. Own your content rights
3. Control how many fans see your content
Just look at artist revenue share in the music industry:
3/ How can NFTs help?
NFTs let you sell ownership of your content directly to fans. Each time a fan resells your NFT, you also get an additional royalty payout.
NFTs help creators make more money by cutting out the middlemen.
NFTs let you sell ownership of your content directly to fans. Each time a fan resells your NFT, you also get an additional royalty payout.
NFTs help creators make more money by cutting out the middlemen.
4/ Why would fans spend money to own digital content that they can get for free?
NFTs help fans make money by betting on the creator's potential. If a fan buys your NFT and then you become famous, they can resell it at a much higher price.
NFTs help fans make money by betting on the creator's potential. If a fan buys your NFT and then you become famous, they can resell it at a much higher price.
https://twitter.com/petergyang/status/1359962893345673216
5/ So only super fans buy a creator's NFTs?
Actually, I think (at least right now) many people buy NFTs just to turn a quick profit because the overall market is exploding.
Speculation isn't always bad. It leads to more interest from builders in this space.
Actually, I think (at least right now) many people buy NFTs just to turn a quick profit because the overall market is exploding.
Speculation isn't always bad. It leads to more interest from builders in this space.
6/ Ok I'm interested, how do I create an NFT?
I'm glad you asked!
1. Select your content
2. Choose an NFT marketplace
3. Pay from your crypto wallet
4. Promote on social
More details on these steps in the post:
creatoreconomy.so/p/guide-to-nft…
I'm glad you asked!
1. Select your content
2. Choose an NFT marketplace
3. Pay from your crypto wallet
4. Promote on social
More details on these steps in the post:
creatoreconomy.so/p/guide-to-nft…
7/ This sounds too good to be true, what are the downsides?
1. It costs $70-100 USD to create an NFT.
2. Most likely you won't be able to sell your NFT for tens of thousands of dollars.
3. Be careful buying expensive NFTs that might hold value over time.
1. It costs $70-100 USD to create an NFT.
2. Most likely you won't be able to sell your NFT for tens of thousands of dollars.
3. Be careful buying expensive NFTs that might hold value over time.
8/ Here's the bottom line with NFTs:
In the creator economy, most of the value should go to the creator and the fans, not the platforms.
NFTs and crypto will make this a reality.
In the creator economy, most of the value should go to the creator and the fans, not the platforms.
NFTs and crypto will make this a reality.
9/ @NERFWRLD and I will be hosting an NFT 101 room on Clubhouse this Sunday night at 8 PM.
Look forward to seeing you there!
joinclubhouse.com/event/Prao5pyG
Look forward to seeing you there!
joinclubhouse.com/event/Prao5pyG
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