According to Coindesk, NFTs have become one of the biggest crypto trends in 2021, with overall sales up 55% since 2020, from $250 million to $389 million. The market for NFTs has been growing fast and now, in 2022, is worth more than $40 billion.
Non-Fungible Tokens (NFTs) are crypto tokens that use blockchain technology to prove the authenticity and ownership of unique physical or digital items, such as works of art, real estate, music, or videos.
NFTs are bought and sold online using the same blockchain technology that powers cryptocurrencies, preventing unlimited reproduction or piracy and enabling freelancers or content creators to reap the financial rewards.
As of today, the world’s most expensive NFT artwork is “The Merge” with a price tag of $91.8m and which was a record for an artwork sold publicly by a living artist. It even outpaced auctions for artwork created by world-renowned artists such as Picasso and Lichtenstein.
The rise of NFTs and how they will help the freelancing industry
Unlike fungible tokens, NFTs can facilitate the process of data and asset digitization because they use smart contracts to verify ownership and terms, thus preventing unlimited reproduction or piracy and enabling freelancers or content creators to reap the financial rewards. It also establishes immutable records of what type of work can be done, which means any project or money agreement would be immutably recorded on the blockchain.
Even after selling their NFT to a customer, freelancers can continue earning from it.
How come? NFTs have a built-in technology that enables creators to earn money each time the NFT changes hands.
Many investors are purchasing NFTs as a speculative investment, hoping to resell them at a higher price. However, an increasing number of people are buying NFTs as collectibles.
If you are a freelance artist, here are 3 tips to promote your work in NFT’s marketplaces:
Market yourself - Take the time to promote yourself if you’re starting, even if it means keeping your connections up to date on your progress.
Be original - At its core, NFTs strive to be unique. Try to publish your most original work to draw more attention.
Build a community – Creating a community is a game-changer. For example, HYVE is the perfect place if you want to collaborate with developers, visual artists, or graphic designers or if you are looking to post marketing-related tasks and discover freelancers you can team up with.
NFT art marketplace
Several websites and marketplaces allow you to upload a file with the created image/sound/benefits package and transpose it to the blockchain for sale. NFT should not be correlated only with the art industry. On NFT marketplaces, one can buy and sell blockchain-backed collectibles, art, music, domain names, trading cards, and virtual worlds, among other items.
There are easy-to-use sites for beginners, such as Rarible or OpenSea, and complex platforms such as SuperRare or Nifty Gateway, which select and sell high-quality works (and for much more significant amounts) like an art gallery.
HYVE - a global task marketplace enabling digital art creation
The rise of NFTs art marketplaces shows no signs of slowing down. DeFi and NFTs have the potential to change the way we perceive assets, tokens, and financial services.
HYVE offers a new marketplace for global tasks, including NFTs. There are 3 types of users on HYVE:
- job seekers
- users who post tasks
HYVE is the perfect place to solve NFT related tasks. We believe hiring freelancers should be easy, with no haggling over costs or dates. The HYVE freelancers are open to developing an ongoing relationship that will benefit both parties by facilitating the process of NFTs creation. HYVE enables innovative approaches from a pool of freelancers, involving content creators, artists, blockchain developers, character designers, cartoon illustrators, 2D designers or 3D designers, graphic designers, and NFT marketing experts to help manage and market NFT projects, and more. Furthermore, the platform has an easy filtering system and offers access to the freelancer’s portfolios and rates to help you find the right NFT freelancer or collaborator for your project.
Users that don’t have enough free time to find tasks for themselves in the multitude of listings can be assisted by users that do not have the capabilities to complete the tasks but are willing to find practical tasks for those who do. These users are called agents; their purpose is to connect employers and freelancers. They are similar to hiring agencies today, suggesting tasks and jobs to users and earning a percentage of their pay.
HYVE is cross-chain, meaning that we offer our entire infrastructure for developing new projects to a large extent to enable a whole new generation of marketplaces and platforms to be built on top of the blockchain. For example, YouClout is a community-driven TikTok-style NFT Marketplace. The platform caters to influencers, allowing them to create their custom yToken, and is building a metaverse where influencers and their supporters can meet and discuss. YouClout will be managing its governance through the HYVE Launch platform, and they are considering using the staking & liquidity mining Vaults in the future.
This is what an NFT related-task on HYVE looks like:
What skills should a freelancer have for developing an NFT collection?
Enterprises need professionals with NFT expertise, such as NFT artists, NFT developers with experience minting NFTs, marketing professionals, and software engineers.
Developing an NFT collection involves skills related to encoding assets in the form of smart contracts on the blockchain. As an NFT developer, you would have to work on smart contracts. So, you must show your skills as an NFT creator to achieve your desired NFT career objectives. The possibilities of a freelancer landing an NFT related job depend greatly on its contribution to the NFT project.
Why are the NFTs the new trend in the space, and why should people be part of it?
NFTs have revealed a creative side of crypto that is fun to play and understandable and accessible to newcomers.
As more prominent names host their first NFT drops, they bring a new wave of attention to their millions of followers noticing crypto for the first time. This leaves people in a unique position to curate and discovers this growing wave of scarce digital content.
NFT collectibles are in such an infant stage of development right now, it’s like the internet all over again. A plethora of topics, concepts, characters, and ideas have yet to be explored by NFT creators.
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