Ripplescape NFTs

Every time I post a new painting on social media, I am approached by traders of so-called non-fungible tokens (NFTs) to buy images of my work for their trade. Instead of accepting offers from them, I decided to become an NFT trader myself!

Art as NFT

An NFT is essentially a contract that certifies the ownership and authenticity of a digital item, such as an image of a work of art. Like cryptocurrencies, ownership of an NFT is recorded in a digital ledger known as a blockchain and can be transferred by its owner, allowing NFTs to be sold and traded. 

Artists can register an image of a work of art as an NFT, which is called ‘minting’. It certifies the authenticity of the image and makes it tradable. Traders in NFTs approach artists to purchase and mint images of their work.

The amounts offered to me for images of my work are staggering: easily thousands of Euros for a single image, even if the offers are mostly expressed in cryptocurrencies such as Bitcoins or Eretheum. It suggests that either trading NFTs is highly lucrative (which is currently not the case at all), or that it is prone to money laundering or outright scams.

Instead of accepting offers from NFT traders, you as an artist can mint and manage images of your artworks as NFTs yourself, and put them up for sale if you wish. You can then also set a commission for the artist every time an NFT is traded. That’s what I ended up doing: becoming an NFT trader myself!

Ripplescape NFTs

There are currently two Ripplescapes for sale as NFTs: Mind and Close Encounter. So if you fancy owning a unique Ripplescape NFT and have some Ethereum left in your cryprowallet, here’s your chance!

Check the designated Ripplescapes NFT collection on OpenSeas for updates!