My Fine Art NFT Photography for Sale
I am proud to announce that select pieces of my fine art photography have now been minted as NFT’s and are available for sale at opensea.io.
With the arrival of cryptocurrencies and blockchain products such as Bitcoin, Ethereum, Litecoin and hundreds more over the years since Bitcoin first launched in 2009, since then the digital advancement of our lives appears to show no signs of slowing down. However, given the early complexities in purchasing and owning crypto-related products, this has kept many people away and broader adoption has been slow. It is only in the last year or two that access for regular, non-technically minded people has been improving as companies find ways to get people on the blockchain with wallets and payment options on popular services such as PayPal and Coinbase. As the covid pandemic forced lots of us to stay at home and we spent way more time online, it seems that this barrier between the technology and universal access is finally coming down.
What is an NFT?
California Sunset NFT
A NFT or Non-Fungible-Token is a financial security consisting of digital data that is stored in a blockchain (a form of digital ledger). These digital assets can represent real world objects and can be anything such as art, photography, music, videos, you name it. If you can create it, you can mint it and sell a digital copy of it online for anyone to buy, sell or trade. The assets are held on blockchain products such as Ethereum and Solana, and are available for sale on websites such as opensea and rarible. Because NFT’s are uniquely identifiable, they differ from cryptocurrencies like Bitcoin (which is a fungible asset). The details and ownership information are locked into the digital file and the market value of the NFT itself is associated with the digital file it references, as opposed to Bitcoin where all its assets are the same value.
Why should I buy an NFT?
That would depend on the individual, if you like collecting art, music or media then this could very well be an exciting new marketplace for you. If you’re an investor then this market should be something you look into. If you’re a big name then you can sell NFT’s for 6 and 7 figures — the current Bored Ape Yacht club NFT’s have sold for around $300,000 (currently about 250 Ethereum) and have gone over one million USD.
Top Ten NFT sales as of June 2022 according to Wikipedia
Looking at those figures above is eye watering for sure. The number one selling NFT at 66320 units puts the average price of each at roughly $5379 per NFT, and given that Ethereum’s price fluctuates like any other financial security it can definitely be seen as an investment, if bought at the right time. Speaking of price fluctuation, Ethereum and the whole broader markets are going down right now with the crypto market looking to bottom soon making crypto assets the cheapest they’ve been in 2 years. Given the stock market mantra of buy low and sell high, right now could be a very good time to invest in NFT’s.
Santa Monica NFT
Do NFT’s have a future?
NFT sales have been dropping recently and garnering some rather bad and contentious press, as the prices of these NFT’s have slumped over 70%, a lot of people are calling it a fad. As a seasoned blockchain user I don’t correlate that drop in sales with the fad being over, the whole market has lost 80% in the last 6 months so I think the broader market downturn has much to do with that 70% figure as well. So do they have a future? Absolutely! Will we see tiny square images of cartoon apes reaching 6 and 7 figures at NFT auctions in the future? Most likely! As the broader financial markets recover over the next year or two it maybe a good time to buy any NFT’s you like, with crypto prices at a current low against the dollar, when Bitcoin and Ethereum finally do break their all time highs again then you could very well have a valuable piece of art in your possession.
Supporting NFT Artists.
Buying an NFT as an investment is one way of looking at this new space. Others have been using it to support their favorite artists, similar to Patreon or Kofi, however with NFT’s you can support your favorite artist and have something to show for it at the same time. With all that said, you can head over to my profile page at opeansea.io to check out my NFT’s. they range from 0.1- 0.5 Ethereum (with current ETH prices that’s approximately $100-$500). My Limited Edition print of Los Angeles from 6th Street Bridge (Above) to celebrate the grand opening of the new bridge on July 9th 2022, is being sold for 1 Ethereum. Head on over here to check it out. Alternatively, if you would like to support me as an artist please do so at the crypto donation addresses below. Thanks for reading!
ggilmore.eth
ggilmore.bitcoin