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12/31/2021
Admin Allgle

NFT for Writers

12/31/2021
Admin Allgle

Art NFT’s (digital sales of art using cryptocurrency) launched in 2017 and began taking the world by storm in early 2021. As a writer who has worked hard to make a sustainable living for well over a decade in one of the least affordable cities in the world, I am always interested in cutting-edge ways to find funding for writing. Although we are just on the cusp of it, I believe that NFTs for Writers could be a terrific way for people who love writing to support the craft so that authors can make a more sustainable living.


What is NFT for Writers

In order to understand this better, you’ll have to get to learn a small amount about cryptocurrency and NFT art. However, don’t worry. You don’t have to know a ton to be able to begin supporting writing in this way.

The first thing I want you to understand is that writers don’t make a lot of money, no matter how hard they work. A lot of the money that we do make these days comes from ad clicks online (or direct payment from sites that rely on those ad clicks for their income.) This is increasingly unsustainable which is why authors are always hustling with side gigs, selling online courses, etc. None of that’s bad, but wouldn’t it be wonderful if writers could get paid a sustainable income for quality writing? I believe that the 21st century has solutions including crowdfunding and perhaps NFTs for writers.

NFTs for writers are really brand new. We are still exploring this potential. I have launched my own first NFT writing piece for sale (details coming soon!) And I’ll be doing a lot of blogging and posting about the emerging world of NFT for funding writers.

Let’s talk about the adjacent world of NFT art.

What Is NFT Art?

Keeping things relatively simple.

  • NFTs are tokens that represent a digital or physical object. You create a token that says “this version is the original thing.” It’s stored via blockchain to prove ownership., Famously, Beeple recently created an NFT art piece that sold at Christie’s for millions of dollars. The NFT is the digital token that the buyer purchases to prove that they have “ownership” of this item. So even though any of us can view the work online, only one person owns it.
  • NFTs are sold using cryptocurrency like bitcoins and ethers. Typically people bid on the NFT and the highest bidder gets the item. For example, the New York Times recently sold its first NFT column. It was listed for a short period of time and sold for half a million dollars.
  • The buyer may or may not receive a physical item along with digital ownership. In launching my own first NFT writing project, I’ve chosen to offer physical items as well.
  • Want to better understand all this? A good starting place is The skeptics’ introduction to cryptoart and NFTs for digital artists and designers.

If you need to read more, please click here.


Reference from https://www.kathrynvercillo.co...

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