Creating NFTs is the latest way many artists sell their work, and some have made a lot of money from it. NFTs are digital tokens, but can you use them to sell physical items?
You can technically sell physical items as NFTs by creating an NFT based on the item in question. This could mean an image to replicate the item or a photo of the original item. However, sending someone a physical NFT by mail is impossible because they are only accessible on the blockchain.
The rest of this article will discuss selling NFTs as physical items in greater detail. Make sure to read this article before selling your physical art as an NFT!
Selling a Physical Painting as an NFT
You can sell a physical painting as an NFT by taking a picture of it and then minting the image. Alternatively, you could recreate the original physical painting in digital form. However, taking a picture is the easiest method.
Many people don’t see this as selling a physical piece of art because it’s just an image of the art, but that’s how NFTs work. To make it feel more real, some artists may decide to destroy the physical painting once they’ve sold its NFT. That way, the NFT is the only version of the artwork that exists, making it more valuable to the person who buys it.
Other artists may decide to use computer software to recreate the painting, but this would take a lot more time and effort, and many artists prefer not to make art on a computer in the first place.
Some Artists Sell the Original Painting With the NFT
In some cases, the artist might decide to sell the painting to the person who buys the NFT. How does this work? In most cases, the artist will include the price of the physical painting in the overall cost of the NFT.
Once someone agrees to the price and purchases the NFT, the artist can send the painting in the mail to the buyer’s address. Many people don’t like this method, mainly because blockchain technology is centered around privacy.
Not everyone wants to give out their address or trust that the artist will actually send the painting, so it’s common for the original piece to be destroyed once the NFT is sold.
Selling Other Physical Items As NFTs
Art is one of the most popular types of NFT, but some people may want to sell physical items instead. Although it’s not possible to sell someone an original physical object in the form of an NFT, it is possible to take a photo of that item and then sell the photo as an NFT.
Let’s say, for example, someone makes a one-of-a-kind dress. It’s the only one that exists, and a well-known designer created it. The designer proceeds to take a photo of the dress and mint that photo as an NFT.
They decide to keep the dress but sell the photo as an NFT, and someone buys it. That person is the only other person who owns an image of the dress, which could make it valuable.
Of course, people could replicate the dress NFT, but none of them would be the original one. This is one of the only ways to sell a physical item as an NFT.
You Can Set the Terms of Your NFT Sale
If you decide to sell a physical item as an NFT, you can set the terms of the sale. For example, if you think the NFT might be resold for a high value in the future, you could make an agreement stating that anytime the NFT is resold, you receive a percentage of the sale price. This essentially works like royalties.
You are also the person who decides what happens to the physical item. As mentioned earlier, you can choose to destroy the item so that the NFT keeps its originality and uniqueness.
Alternatively, you can keep it for yourself, sell it as a physical piece in real life, or sell it to the NFT buyer as part of the overall purchase agreement.
Can You Sell Someone Else’s Physical Art as an NFT?
You can sell someone else’s physical art as an NFT, but it’s a bad idea. If the rights to the artwork you’re selling belong to another individual, they could sue you for copyright infringement. You should always get permission before minting an NFT that copies someone else’s artwork.
NFTs are subject to the same copyright infringement laws as anything else, so it’s good to be aware of that before minting your own. It’s always best to sell your own physical art as an NFT rather than someone else’s to avoid any hassle or possible lawsuits.
Can You Sell Fan Art as an NFT?
You can sell fan art as an NFT by creating a digital picture on a computer or drawing physical fan art and taking a picture of it to convert into an NFT. However, the art should belong to you. Selling someone else’s art as an NFT is illegal, and the original artist may sue you if they find out.
Like with any other type of artwork, you must get written permission to use someone else’s fan art as an NFT and sell it.
Can You Sell Music as an NFT?
You can sell music as an NFT if you convert it to an MP3 file. The music must belong to you. Otherwise, you are subject to copyright infringement and are likely to get sued by the original musical artist.
Selling music as an NFT is a fun way to make money from it and engage with fans.
When someone buys music as an NFT, they are the only person who can gain full access to that piece of music, and they can do with it as they please, including reselling it in the future for a profit.
Can You Sell Selfies As NFTs?
You can sell selfies as NFTs as long as they’re in the right format, as with any type of photo. All you need to do is take a selfie and upload it to an NFT marketplace of your choice to mint it. Then, anyone can purchase your selfie NFT.
For example, a student in Indonesia sold a range of selfies as NFTs and became a millionaire by accident because of it. So although not everyone will become millionaires from selling selfies as NFTs, it’s entirely possible to turn a selfie into an NFT!
Technically, you can sell physical items as NFTs by taking photos of the items and turning those photos into NFTs. Alternatively, you can recreate the physical object by drawing it in digital form.
Artists and other people who create NFTs of physical items can either keep the original item, destroy it, or sell it. The final decision is always up to the seller of the NFT. Plus, some artists may set it up in their contract to receive a certain percentage of earnings from any future reselling of the NFT.