How would you explain to an artist why they need to switch or add NFTs to their portfolio?

***I’m thinking about telling my artist brother who does murals and canvass stuff to join an NFT Contest but I still can’t find the right words to express/explain what’s in it for him?***

I mean, the contest doesn’t really have a theme but having artistic merit, utility, and community backing will play a huge role to get selected as one of the finalists. The prize pool is great roughly $56,000 at the moment and I think they’ll be helping out new artists on minting their first NFT. So, that technical aspect has been taken care of.

For those who will be asking… the contest takes place on Taikai Network which is built on Telos. I’ll probably add the link below in the comments if admins/mods permit it.

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16 thoughts on “How would you explain to an artist why they need to switch or add NFTs to their portfolio?”

  1. With the current market situation we can buy expensive NFTs like BAYC or a collection of crypto punks by creating a DAO with xdao and flip it to make some quick money. Any income at this situation is good

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  2. You as an artist, you can achieve your dreams using your talent by creating NFTs from your artworks..🚀🚀🚀

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  3. Has he minted anything already? I could only understand the importance of NFTs after I started to mint my work. I’ve recently started with Rarible, UniqueMinter and OpenSea. I’ve participated on an event a while back (MintFest) to get rewards for Unique Network’s crowdloan on Polkadot. They’ve won the crowdloan and I’ll get my rewards. Still time to participate on Taikai Network’s contest?

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  4. I believe the greatest way to encourage or push him to develop NFTs is to show him what Nyla Hayes, a 13-year-old digital artist, accomplished with her Long Neckie Women collection, which netted her $7 million. If he decides to participate, this is only the beginning. Besides, he is already an artist, therefore he has a good chance of being selected. Also, bringing his NFTs to Telos EVM is a good start and really a promising journey.

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  5. Just shoot it straight with him. He doesn’t have to dive balls deep into the NFT world. He can just enter the contest and hopefully win some $$$

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  6. The contest sounds cool but I think there’s probably more money to be made in mural painting than NFTs at the moment and it might stay that way.

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  7. Honestly?

    I’d just tell him that if you see a tulip craze and you happen to have land that’s perfect for tulip farming, you should jump in and make some quick money.

    There’s no other good reason than he can make a few bucks. But that ought to be a good enough reason.

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  8. Sell him the value in NFT and all he stands to gain. NFT is the major cryptocurrency theme now and anyone that hopes to be successful in their field should move with the trend.

    He should know that there are NFT marketplace like the one SWEAT ECONOMY discussed in their tokenomics phase 3, which will allow users to buy and sell NFTs in the app.

    He can earn $SWEAT with his art as users will be able to purchase and upgrade NFTs with SWEAT, or else by staking considerable amounts of SWEAT. There are other opportunities out there he can also engage in.

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  9. I believe I could explain the concept of collateralizing their IPs on the DEIP network to raise funds for future projects.

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  10. My sister in law is a great plastic artist and I have been telling her for more than 1 year that she should start mint her works as NFT and in turn create digital works and mint her collections. I was thinking about doing a giveaway and promoting it on social networks, but it seems much better than participating in a contest/challenge because it kills two birds with one stone, on the one hand it becomes better known and on the other it has the possibility of winning a prize. We are interested in the link or more information please.

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  11. NFTs will become the future as well, so we better invest on it or learn on how to create it. We never know how much will it give as value in the future.

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  12. I have read through this thread and I do not agree with others. Yield farming should in no way be compared to a Ponzi scheme. I have benefited from yield farming programs a lot, check out $flurry Finance and lets us moon together

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