In an attempt to realize my dream of making money online with photography, I recently gave NFTs a try. Below I will share my top 4 platforms and my experiences selling on them.
OpenSea is the Wal-Mart of NFTs where basically anybody can sell for free as long as they pay the 70-200 upfront gas fee. However your customers have to pay gas fees when they buy. This is a big deterrent, but I had some success with my 30 Lanterns series. If you’re a photographer I suggest creating a limited series and using an animated GIF as your profile picture. It helps your collection to stand out and gives a quick preview of what’s inside.
I think Foundation is the best looking platform. It’s also probably one of the best ones for artists. The problem with Foundation though is that it’s a boys club. First you need an invite to get on, and even if you get on you’re probably not going to sell much unless you’re famous. My series Taiwan Ren, which was pictures of Taiwanese people on the street, actually sold 3 items though. I have no idea where the sales came from but I was quite happy and grateful to have sold a few.
This is a Taiwanese NFT platform that only works as an app. The design and layout is pretty cool. It also has super cheap gas fees and you can mint your NFTs on multiple blockchains. They notify you whenever somebody you’re following buys an NFT. This is great for spotting trends or trying to get in early on something. I only uploaded a few pictures but sold 1 for like $3.
If I was going to get into the NFT game today, this is the platform I would choose over all the others. More and more people are moving over to SOL for their low gas fees. I minted one on here and plan to move many of my collections over soon. Plus there’s an 18+ filter so you can buy porn NFTs, and I like the Phantom Desktop wallet a lot better than MetaMask.
I’ve also messed around a bit with other platforms such as Rarible, Nifty Gateway, Objkt, and Superrare. However they all either had barriers to entry or I didn’t sell anything there.
In total I made about $900 but spent about $3000 between gas fees, buying NFTs from others, sending transfers to the wrong address, etc. That’s a good chunk of change to lose but the experience was priceless…
Ultimately I recommend not trying to sell NFTs unless you’re already famous and have a huge fan base to tap into.
Either that or you should run it like a regular business with partners, a marketing budget, etc. You should also get versed in the NFT culture a bit and start using Discord.
My hope is that as more and more people adopt crypto, NFTs can be a viable way for small-time artists to keep doing what they love. We’ll have to see…