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New idea: how to earn on the sale of printed copies of your NFT
NFT-art is still popular even despite the bear market. Because the area of creativity is perceived wider than just a mark on a financial schedule. Despite the fact that the interest of investors in NFT naturally decreased, top collections, such as Cryptopunks, Bayc, Otherside and others, still have a value. Recently, a new exciting idea appeared in digital art, how to make Art NFT even more valuable for both artists and buyers – our new article.
How printing engravings can increase the value of NFT
One of the main complaints of NFT-Square is that digital paintings cannot be too expensive. Firstly, because the image on the Internet is easy to copy, and secondly, it cannot be hung on the wall-after all, few will be interested in admiring the picture that lies on the crypto-wallet. There was a platform that will remove these objections and connect the art with real painting – using the printing of engravings.
To understand what the importance of the new idea, you need to explain how the engravings from reproductions are different. Reproductions are serial copies that are practically no value for the collector of works of art or investor. Engraving is an original imprint of a famous picture, which is made by a limited circulation and is very similar to an original work of art. Sometimes such prints are not at all copies – these are completely original works of art that are specially replicated for sale. Well, the main difference – engravings can acquire value over time.
Collectors willingly buy engravings and according to the ARTSY resource, this market flourishes. Because for example, the cost of the original picture of Andy Warhol can reach $ 600 million. Prints made by the method of high -quality print will cost from about 2000 to $ 100,000. The price usually depends on the demand for the artist and the number of copies.
On the same principle, the seal of physical copies of the work of DJID-artists may work. Moreover, the creators of digital paintings do not even have to sell their NFT – the profit will go from the sale and resale of physical copies of work.
The idea to create engravings on sensational NFT is not new – in 2021, Sotheby’s sold several digital Cryptopunks tokens in a collection with physical imprints.
What is 0x0 ART NFT?
This is a platform for digital art, which allows users to produce a limited number of certified physical copies of their original NFT. Innovation here is that the artist does not have to sell token himself, monetization will come from the sale of paintings. In addition, whenever physical prints pass from hand to hand, the owner of the original NFT can also receive a commission.
On the 0x0 ART platform, artists will be able to produce NFT and order their prints – a little later, the possibility of digital printing of high -quality engravings will open. Moreover, both the artists and owners of NFT convert digital works of art into physical for free – the fee for the print itself will be taken into account in the cost of a physical copy of DJIST painting.
All NFT and their physical copies are protected by copyright and belong to the artist or owner. Each imprint will have a cryptographic sticker with a QR code, which cannot be removed or removed from the picture-and anyone can check information about the work of art and its owner on the network, scanning the QR code. If the price of engraving rises and the new owner decides to sell it, the artist and the platform will receive royalties – 1% of the amount of the transaction.
Each engraving is created by a relief printing method that imitates the smear of brush. Copies are protected by a special holographic key and displayed in the Ethereum blockchain. Source/Official website of the project https: // 0x0.Art/
While the 0x0 ART project is just starting, so we cannot say how the technical nuances of the printing of copies will be organized. For example, is it possible for all NFT to artists to print their paintings, or will there be some selection, as the delivery is carried out, whether protection against unregistered resale, and so on. However, the very idea of monetizing not only digital tokens, but also their physical https://gagarin.news/news/south-korea-new-president-faces-resistance-to-crypto-friendly-reforms/ copies, which seems promising to us and in some way even more logical. If for some reason the platform does not start, other companies that are already engaged in printing and circulation of digital art-Pixels, Prodigi, Jondo and others can intercept the idea. In fact, they will only need to think about how to protect copyright. However, it is quite easy to do in a world where NFT technology already exists.