RE: NFT ART IS USELESS ... unless it comes with Rights or Utility

[scottshots]

The lensy discord has a FAQ section that answered a lot of my questions. About 6 swap-hive to tokenize. I figure I'll try adding a new image that is not on my website and not on other social medias and see what happens. "Private" only and I plan on explaining a bit more what that means in the description. I know this isn't going to make me rich, lol, but I feel like I need to give it a full try before I form too much of an opinion.

Comments

[jarvie]

6 hive to mint a token is fine now... not sure what happens when price of hive goes up a bunch i wonder if they'll drop that.

They also take a 10% fee on sales right?
All in all it's almost as expensive as my website even while having a CC processor in there taking a fee.

Also keep in mind that users will have to spend market costs to convert to hive then pay 1% fee to turn hive into swap.hive.

[scottshots]

Yeah, I personally don't think it's great for licensing images as stock photography. The pricing could get weird and controlling the terms (or price based on terms) isn't really available so for now, that's a no for me.
But, if someone wants a "collectable", I can see the value in an nft "product", IF everyone plays by the rules. (I look it as kind of like a cool expensive splinterlands card that you never actually use in battle.) It will be interesting to see how abuses and solutions evolve. For now, I'll offer an image or two while I learn more...

[jarvie]

I was wondering what interesting photo NFT features would be. So i'll brainstorm outloud

• Obviously the interface should allow a creator to select from various types of photo rights
• Rights that would help stock users would be awesome and there really isn't anything that is positioned to appeal to those people. The most common stock right that people want is the right to use a digital image on a business website.
• Private access to a larger size file would be a cool feature.
• Maybe if you had a bigger numbered edition you could say they could burn 5 of that NFT and upgrade to an NFT with additional rights? Or simply say it on the NFT description... "If you own 10 personal use editions you get a commercial reproduction copyright"
• Maybe if they had more of one NFT type it entitles them to print a larger image? More editions = larger printable?
• One interesting feature would be to inform the user they get a coupon code to a free physical print on your website (assuming you have a website that can fulfill something like that) I have a site where i could have a $100 gift card and they could print whatever. So having an NFT start at like $150-200 would be pretty cool.
• I could envision someone selling an NFT that entitles the owner to a photoshoot if they burn it?
• There are NFTs out there that allow the creator to insert crypto inside of it meaning if you burn it you get crypto back. I'm guessing that's on ETH.
• I've seen some NFTs promise to help charitable causes if the NFT is purchased.

[scottshots]

Well, I created my first NFT today! We'll see how it goes... The uploading was simple and there were more TOS I had to agree to.

Interface upgrades are definitely needed as well as more rights options, but I'm glad I got it done.
Private access to a larger file is possible, but I believe I accidentally uploaded a full res as the preview so I think it can actually be downloaded without purchasing, lol. Not that big of a deal for this particular image.

I really like the idea of offering a print with the purchase of an NFT, something I have been thinking about as well but didn't do it for this first one.

A coupon code or note can be added and sent to the buyer. I thought about doing this as well but not on this first one...

Charitable causes would be great! Might be hard to enforce but definitely could be advertised in the description.

More to learn... Have a great day!

[bubblingwells]

One guy is selling a physical art work along with the nft. I questioned him and he expects the buyer to sell the physical artwork and nft . I like the idea. Would that work? What are the pros and cons of selling physical artwork along with nft?

[declutter69]

What happens when someone performs the transaction, and doesn't get the artwork, or vice versa?

[bubblingwells]

6 hive? Is that a price increase ? I thought it was 5 hive.