Nowadays, almost anything can be bought and sold as an NFT, from artwork to videos, and more. But even when all these genres of NFTs come out, they are not all equally popular.
According to a report by e-commerce specialist Amazing Business, photography is by far the most lucrative NFT sector for creators.
Life in NFT pictures
We’ve seen a number of drawing-based NFT projects recently, including ones featuring Heath Ledger and Pamela Anderson. And on what basis Amazing business They are making serious profits without being covered. The company conducted the study on OpenSea by looking at 700 collections and comparing their income.
If the study finds the average floor price b Photography NFT is £897.15 on OpenSea.. For comparison, the average floor price of collectible NFTs is £435.76 and sports NFTs are priced at £64.08. In that comparison, photography NFT stocks can generate up to 2,000% more revenue than others.
This gives some insight to those who want to earn a living by selling NFTs. For example, an average photography NFT seller can sell about 4 NFT to buy an engagement ring, and after selling 23, can pay for a wedding.
And according to Brad Holsworth, Head of Product at Amazing Trading, the NFT sector can deliver A lot of benefits For photographers.
“NFTs can help photographers get better recognition for their work and generate more direct income from their photos. As the world becomes more digital and Metaverse looks set to disrupt the way many businesses do business and communicate with their customers, it will be interesting to see how businesses consider NFTs in their growth strategies.,” he says.
Learn how to make an NFT photo >> here
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*All investment/funding opinions expressed on NFT Plazas are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals should thoroughly research any product before making any investment.
Tokoni Uti has written extensively on blockchain and cryptocurrency over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.