• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Geek Vintage

Gaming, Technology and Business

  • Home
  • About
  • Business
  • Finance
  • Games
  • House
  • Technology
  • Vacation
  • Contact

RYAN DEAN HOGGAN SHARES NFT TIPS FOR ARTISTS LOOKING TO MINT FOR THE FIRST TIME

June 22, 2021 by admin Leave a Comment

A group of people posing for a photo

Description automatically generated with medium confidence

As an entrepreneur, real estate business man, and venture capitalist, being driven by passion, Ryan Dean Hoggan have always been passionate about entrepreneurship, start-ups, and brand building.

There is no doubt that his willingness to take chances is noteworthy and goes to show what side of the ‘coin’ (pun intended) he belongs to in the world of cryptocurrency and NFTs—and real estate investment—albeit unrelated.

Ryan Dean Hoggan is unafraid of change, and this year his focus is NFTs. He’s hoping that upcoming digital artists looking to tokenize their talents would be brave-hearts ready to take the ‘bull’ by the horn, even in the presence of a ‘bear.’

Yes! NFTs are not excluded from the everyday market.

So, what are NFTs (Non-fungible tokens)?

NFTs are tokens that can be digitally utilized to represent and publicly declare ownership of a whole lot of unique items. Although it is only logical that since NFT is an emerging digital revolution, digital items such as media files seem like the only permitted residents.

Contrary to this line of thought, NFTs basically cover anything that can have unique and non-interchangeable properties. Any unique item with unique properties and ownership worth recording on the blockchain is a potential NFT.

It is important to note that no one can modify, duplicate or mimic an NFT into existence. All NFTs are digitally unique; no two NFTs are the same.

As an artist new to the NFT market and looking to monetize your craft via this platform, here are a few things you should know before landing your own internet-breaking sales and probably beat Beeple at their game:

Research and study NTFs

There is no doubt that the NFT space is going to explode and currently, it is dominated by art. But the term ‘art’ itself and its application is fast becoming relative, especially with the increasing popularity of memes and its introduction to the prestigious club.

Securing proof of ownership is the goal since an original art creator or the “minting artist” is always regarded as the owner of the digital artwork. If you skip a lesson, then you may find yourself perplexed with a distasteful pit of gas fees, taxes, and even legal battles.

Select the minting platform that best suits your work

Not all platforms will cater to your needs; you need to choose carefully and wisely. There are over 50 NFT outlets to choose from, and that is a sea of confusion.

These digital marketplaces work based on different interests and values. As an artist, you will have to find out your match.

It is important to choose your platform based on service fees and availability of features such as automated resale royalties. The advantage of selling digital art through a blockchain-powered tool such as NTFs platforms as opposed to the old ways of selling canvasses in physical auction houses and galleries is some NFT marketplaces build flexible enough to allow you to choose the level of your resale royalty.

This advantage is not without its limits; the automated resale royalty is in most cases reserved for the platform of the NFT origin. The burgeoning cryptoart market is currently worth hundreds of million dollars, and most of the sales are happening on Nifty Gateway.

Other platforms to watch out for are: Foundation, Open Sea, Rarible, SuperRare, and Knoworigin.

 

Filed Under: Business

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

About Us

Hello there! My name is Jack, and I found my passion in gaming and tech. I was 12 when I first found my interest in technology through repairing and studying the parts of computer. It has always been so fascinating for me to see developments and advancements in our daily life. Read More…

Recent Posts

  • 3 Steps To Becoming A Pro Gamer
  • How Singaporean traders can gain from securities lending
  • Learn how to run an effective mass mailing campaign to get your blog off the ground
  • How to create a Cool Looking Marketing Videos
  • JD Worldwide Sales Jump as 618 Grand Promotion Kicks Off

Connect with us

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

About Us

Hello there! My name is Jack, and I found my passion in gaming and tech. I was 12 when I first found my interest in technology through repairing and studying the parts of computer. It has always been so fascinating for me to see developments and advancements in our daily life. Read More…

Latest Post

  • 3 Steps To Becoming A Pro Gamer
  • How Singaporean traders can gain from securities lending
  • Learn how to run an effective mass mailing campaign to get your blog off the ground
  • How to create a Cool Looking Marketing Videos
  • JD Worldwide Sales Jump as 618 Grand Promotion Kicks Off

Newsletter

Copyright © 2020 Geek Vintage. All rights reserved.