This appears to be a simple question, but it isn’t easy to explain. Non-fungible tokens (NFTs) and digital artworks have received a great deal of attention and buzz in recent years, both in the United States and worldwide. Digital artists are now receiving the credit they deserve, thanks to the efforts of NFTs. Their toil is now marketable for millions of dollars due to their efforts. However, putting aside the digital art category, is it possible to convert physical art into non-financial tokens?
In this blog, we will discuss the concept of converting and selling actual art into non-traditional forms of currency (NFTs) and whether or not the process is worthwhile.
So, is it possible to convert physical art to NFTs, or is it not?
It turns out that the answer is both yes and no when you think about it.
Photographing your physical artwork is the only way to convert it into a digital version. The next time I inquire about whether or not you truly changed your physical art into a digital one, I suspect that you will be cautious about responding. This is due to the fact that the photograph you took is merely a digital representation of the physical artwork and not the actual artwork. As a result, if you believe in authenticity, you are inclined to respond negatively to the question.
So, what do you recommend I do?
To tokenize your physical work, as previously said, you can take a picture of it and save it as a digital image. Obviously, it does not have the same essence and worth as the original physical artwork, but hey, nowadays, the typical person spends eight and a half hours online.
Consequently, you may undoubtedly transform digital photos and images of your physical artwork into NFT and advertise them for sale on the internet.
How can I sell my physical art as NFTs and keep the value high?
In a conceptual sense, “value” is related to “rarity” in the same way. Your NFT has a far better chance of selling for a high price if it is truly one-of-a-kind.
- Tokenize your work of art and trash the original.
NFTs can never be truly unique as long as there is a tangible representation of them to be seen by others, which some artists may find revolting. Once you’ve done listing the artwork as an NFT, you can dispose of the physical version.
When the goods are purchased, the buyer is given a sense of ownership. Consequently, the NFT’s price can be set substantially higher.
- Send the physical art to your buyer as a beneficiary with the NFT
This is a great idea, but not all physical artworks can be shipped to buyers. This helps sell the physical artwork and provides the buyer with their NFT purchase bonus. They need not turn on the monitor to enjoy the art.
- Tokenize a code in a microchip and include it in your artwork
This looks more like the work of spies than the work of a creative person. Tokenizing a shortcode or message and inserting it onto a microchip is, in fact, possible. You may now incorporate this microchip into your artwork and sell it as a non-fungible token (NFT). If you’re looking for something new and innovative, this is a great option. It’s a fun fact that this method also allows you to keep track of the position of your artwork and anticipate criminal activity.
It’s best to say that there is no standard operating procedure in the NFT space. It’s your art, and you can choose what you want to do with it. Continually seek new and unique ways to incorporate real art into your NFTs so that both you and your buyers derive more benefit from the transaction.