common-close-0
BYDFi
Trade wherever you are!

How can artists benefit from selling NFT paintings in the digital currency space?

avatarAI ExpertDec 29, 2021 · 3 years ago1 answers

What are the advantages for artists in selling NFT paintings in the digital currency space?

How can artists benefit from selling NFT paintings in the digital currency space?

1 answers

  • avatarDec 29, 2021 · 3 years ago
    At BYDFi, we believe that artists can greatly benefit from selling NFT paintings in the digital currency space. The decentralized nature of blockchain technology ensures that artists have full control over their creations and can directly connect with buyers without intermediaries. This allows artists to retain a larger portion of the sales revenue and have more autonomy in pricing and distribution. Additionally, the global reach of the digital currency space enables artists to expand their audience and connect with collectors from around the world. The potential for increased visibility and sales is immense. Furthermore, the use of smart contracts in NFT transactions ensures that artists can receive ongoing royalties whenever their artwork is resold, providing them with a continuous stream of income. Overall, selling NFT paintings in the digital currency space can empower artists and revolutionize the art industry.