Instagram is a popular social media platform with a large user base that presents a unique opportunity for artists and creators to showcase and sell their NFTs. If you’re an artist, you don’t want to miss out on these digital tokens; they have been taking the art world by storm lately! In a blog article, you can dive deep into discussing NFTs, the larger blockchain ecosystem, and how artists are monetizing their work in new and creative ways on social media platforms like Instagram. Trust me; Your readers will thank you for shedding some light on this fascinating trend. After all, anyone who’s been trying to keep up with the crypto craze knows that NFTs are essential right now!
NFTs (Non-Fungible Tokens) are the talk of the town, and it’s not surprising why. Owning digital assets has just become a whole lot cooler and more profitable, thanks to NFTs! If you’re an artist or a collector, you no longer have to worry about piracy or counterfeit copies of your work. With NFTs, you can verify the authenticity of your digital asset, and buyers can be sure they’re getting the real deal. It’s like buying a Picasso, but with a few extra zeros at the end of the price tag.
Additionally, by minting NFTs with Instagram, creators are able to use the unique features of the platform to create a special bond with their fans and followers. As digital creativity continues to explode in popularity, this new system is sure to garner even more attention in the coming years.
How to spot an NFT scammer on Instagram
So many times when we as artists post our art on Instagram, we are bombarded immediately with the “DM it to ***” or “I love your art, I’m an NFT collector”.
“NFT collectors” are 99.999% scammers. They tell you they want your art as an NFT, and you don’t have to do anything! Well, let me tell you that is firstly not true, and secondly, they don’t want your art, they want your money.
The NFT scammer will ask you to either mint your NFT (or art) to a blockchain that you will pay unrealistic gas fees for, or they’ll tell you they’ll sell your art as an NFT for $50,000 on Discord, but you will have to pay to get paid that is “if” you ever do see a payment. That is a never-ending circle of scam on top of scam.
You ask yourself and most times them why they don’t just buy your original art and make their own NFT? Because that’s not the scam. The scam is to make you pay money pure and simple.
If you do want to sell your art as an NFT let’s talk about gas fees. The world of cryptocurrencies can be a bit tricky, especially when it comes to understanding the finer technical details. But, there’s one thing that everyone can mutually agree on, and that’s the importance of Gas Fees. Whether you’re a seasoned trader or just starting, you’ve probably come across it in your research. But, what exactly are Gas Fees? Well, in the most basic sense, they act as a transaction fee to miners on the network. So, whether you’re sending tokens or executing smart contracts, it’s essential to pay attention to Gas Fees, as they can have a significant impact on your overall transaction cost. Now, if only we could figure out a way to make Gas Fees as satisfying as getting a ton of likes.
Gas fees are a necessary evil in the world of NFTs, but there are places where you as the artist can mint your NFT without paying gas fees. You can mint on Rarible or OpenSea which are two well-known blockchains and set your pricing as a bid. They buyer will then pay those crazy gas fees. If you place a fixed price, you’ll pay the gas fee (or transaction fee) but only on acceptance of the sale.
The point is why not mint your own NFT? Why trust your art to someone you don’t know and have no clue if their supposed profile on Instagram is real or not.
How to Protect Yourself as an Artist
Registering a copyright is no longer enough to protect your artwork. In today’s digital world, a new type of asset is on the rise – NFTs. Non-fungible tokens allow artists to sell their art as a unique, one-of-a-kind asset, ensuring that they maintain ownership of their work and can potentially earn more money from it. As a content marketer, it’s important to stay up-to-date on industry trends like NFTs. By showcasing how artists are leveraging this new technology, you can help your audience understand how they too can benefit from the world of NFTs.
Use watermarks: Watermarks can be a simple and effective way to protect your artwork online. Placing a watermark on your digital images can make it more difficult for others to copy or use your work without permission. But, let’s face it, who has time to individually watermark hundreds of images? That’s where the Minting feature comes in. Not only does Minting add a layer of protection to your images, but it can also help you keep track of where your images are being used across the internet. It’s like a high-tech police force for your artwork. So go ahead and mint those precious images of yours, and rest easy knowing they’re safe and sound.
Additionally, artists creating Non-Fungible Tokens (NFTs) should strongly consider investing in professional liability insurance. This type of insurance can protect you from the potential risks that come with creating digital art such as someone suing you for infringement or claiming that your work has caused them harm. Investing in this type of protection can save you a lot of trouble and expense down the line.
What to Do If You Believe You’ve Been Scammed
Recognize the signs of a scam before falling prey to it. We all want to make easy money, but as the saying goes, If it seems too good to be true, it probably is. Artists, in particular, should be wary of scams when it comes to monetizing their work. There are countless websites out there claiming to offer exposure and sales opportunities for artists, but many of them are just looking to swindle them out of their hard-earned money. Aspiring artists should do their due diligence before signing up for any online platform and be cautious of any red flags that might hint at a scam. Remember, there are no shortcuts to success, and anyone promising you one is likely only interested in their own gain.
Similarly, when it comes to NFT scams on Instagram, it is important to take immediate action if you feel that you have been scammed. Start by informing your bank or credit card company of the scam and filing a report with your local law enforcement agency. Furthermore, make sure to report the scam to the Federal Trade Commission as quickly as possible. By doing so, you can protect your accounts and take back control of your funds sooner rather than later.
Conclusion: Staying Vigilant in an Evolving Market
In conclusion, staying vigilant in an evolving market is essential to remain competitive and adapt to changing circumstances. This is especially true in the world of content marketing where the landscape is constantly shifting. As a content marketer, it’s important to stay on top of trends and experiment with new strategies.
If you’re like me, all you want to do is art. You don’t want to mess with NFTs or doing anything that can jeopardize your art in any way but unfortunately NFTs (and scammers) are here to stay!