What are NFTs
NFTs or Non-Fungible Tokens are digital assets that allow anyone to trade any belongings that they have- may it be shoes, virtual real estate, or their digital artwork with cryptocurrency on any NFT platform.
From the name itself, Non-Fungible, means that it cannot be replaced. Unlike fungible cryptocurrency, you can get five bitcoins in exchange of another five bitcoins, but you will still get the same thing. With NFTs, each digital artwork and each item that you sell in the platform is unique so its impossible to trade it it with a similar thing.
How do they work?
NFTs are part of the Ethereum blockchain. So if you are interested in purchasing a digital artwork, you will, in essence, trade it in exchange of ETH coins.
Now you might think that purchasing it is unnecessary because you can just download whatever artwork you see online for free. Yes, you can do that, but what makes NFT unique is that it gives you the sense of ownership.
Once a digital artwork is posted, it already is a unique token on the blockchain. So if you want something, you pay it with ETH coins, then you have it. The original artist can still reproduce it or reserve the copyright for it but it is already yours.
Why would I need Digital Marketing Services for NFTs
If you have a digital artwork and you would want to sell it, and you know that you are not good in selling stuff, you might as well hire people to do them for you.
Your marketing team handles the promotion, customer engagement, and they take care of letting your name be known. There are a lot of artworks being sold online now, and if you are a newbie, you might need their help.
However, if you do not have a budget to hire people, you can pretty much market your digital artworks on your own. It is doable, but you have to learn about SEO, Email Marketing, or how to hire people to promote your artworks.
NFTs is a money-making business, and if you want to be good at it, you have to either be an expert on selling them or just hire experts to sell them for you. Whichever route you take, we wish you the best!