What’s the first thing that comes to mind when you think of someone pursuing art as a profession? Odds are, a mental image of the stereotypical starving artist has already popped up in your head.
Traditional finance is about efficiency and ROI and streamlining processes. It’s a ruthless world that’s anything but inviting to those who want to chase a career in the finer pursuits of life.
With that bleak overview out of the way, let’s talk about the good news.
How NFTs are Empowering Artists from Around the Globe
NFTs, short for non-fungible tokens, could be the savior we need to spark an unstoppable transition where artists can thrive. Let’s see how.
Fair Compensation for Artists
Due to the transparent and impartial nature of these digital ownership records, artists can easily partner with developers and business-savvy entrepreneurs without worrying about getting the raw end of the deal. The open nature of blockchain automatically puts the underlying dealings front and center, accessible and readable by anyone.
While that may not seem like a big deal, it can make a world of difference when it comes to fair compensation for the artists. That’s because not only can the artists see where the proceeds from the sales of their work are going, but the community can also uncover any unsavory practices.
Lucrative Monetization Opportunities
What makes NFTs truly revolutionary for artists, however, is how much easier they are to monetize with.
In the world of traditional finance, only artists in the top 0.1% get to monetize their talent in a meaningful way. The rest of the creatives are left to fend for themselves. Most find themselves on social media, where they must cater to the ever-changing desires of the algorithms and attract legions of fans—all for a chance at making less than minimum wage in most cases.
For instance, the artist Torren who goes by the name of Zane Customs on YouTube has diligently uploaded dozens of videos on that platform since starting last year. Driven by creativity and passion, this talented creative cherishes every comment he gets and is grateful for the opportunity to have his work put in front of over 40,000 viewers to date.
Like any other artist, Torren is hoping to one day merge his passion with his profession and support his family from his YouTube channel. However, considering that YouTube typically pays out in the range of $3-10 per 1,000 views, that future may be a long way away.
Undeterred, Torren has decided to take charge of his career by tapping into the endless opportunities unlocked by NFTs. The budding artist has partnered with a team to work on Zen Warrior NFT, a limited collection of 3,333 meticulously detailed and passionately conceived pieces of digital art.
Unlike ad revenue, NFTs can help artists with small followings generate meaningful financial value. This is possible because NFTs can be resold for a profit and integrated into an ecosystem with multiple utilities.
For instance, Zen Warrior NFT is a utility-driven project which will deposit 50% of the mint proceeds to the community-controlled treasury of a decentralized autonomous organization (DAO). The future of these funds will be decided by the community through democratic voting.
Key Takeaways
By mixing transparent and fair structures with resale value and utilities, artists can monetize their talent and passion in more ways than imaginable. Not only is this good news for artists, but it’s also wonderful news for their patrons because they now share in the upside of their favorite artist’s work.
To learn more about Zen Warrior NFT and the artist Torren, be sure to explore the following links:
YouTube: Zane Customs
Website: ZenWarriorNFT.com (under development)
Twitter: Zen Warrior NFT
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Newsroom: stampede.submitmypressrelease.com
Publicist: Stampede News – 385-275-8383 – [email protected]
Source: Story.KISSPR.com
Release ID: 196199
There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this PR should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation.
