Almost anything can now be made into an NFT and sold as one. This includes artwork, videos, and a lot more. Even though all of these types of NFTs are being made, they are not all as popular as each other.
Remarkable Commerce, a company that specializes in e-commerce, says that photography is by far the most lucrative NFT sector for creators.
Pictures of Life NFT
A lot of picture-based NFT projects have come out recently, including ones with Heath Ledger and Pamela Anderson. And Remarkable Commerce found out that they are making a lot of money. The company looked at 700 collections on OpenSea and compared how much money they made.
The research shows that the average floor price for a photography NFT on OpenSea is £897.15. The average floor price for a collectible NFT is £435.76 and for a sports NFT it is £64.08. A photography NFT collection, on the other hand, could make up to 2,000% more money than others.
This gives people who want to make a living selling NFTs some ideas. For example, the average photographer who sells NFTs could use 23 NFTs to pay for a wedding and 4 NFTs to buy an engagement ring.
And, as Brad Houldsworth, head of product at Remarkable Commerce, says, the NFT sector could be very good for photographers.
“NFTs can help photographers to be better credited for their work, and make more of a direct income from their photos. As the world becomes more digital and the metaverse looks set to disrupt the way that many businesses trade and talk to their customers, it’ll be interesting to see how businesses consider NFTs in their growth strategy,” he says.