My Top 6 NFT and Crypto Art Questions
It's been a busy time selling NFT's and Crypto Art lately, so I thought I would take a breather to answer some of the questions that have come my way.
What is an NFT?
NFTs allow you to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain. NFT stands for “non-fungible token,” and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games.
The Canning Town Len Crypto portrait is my studio’s first NFT release (or ‘drop’ as it is now known in the crypto art world).
Why has Canning Town Len Studio released an NFT collection?
In the process of making animation, many assets are made that are time consuming but necessary to create moving images. NFT’s allow fans of the studio to not only purchase unique artwork (which is a philosophy of the studio), but keep the financial asset. This financial asset can be traded on the Opensea.io platform to yield profits, as an investment. We believe that NFT have an advantage over Patronage schemes, for both parties. For the investor (patron) it allows them to keep the value of the asset, rather than a monthly ongoing disposable fee. Creators also don’t have the pressures to release regular content, which releases them for new projects, which adds to increased future value of the NFTs they issue.
How can I buy Canning Town Len Portraits and other NFT’s?
Like all NFT’s, Canning Town Len Crypto portraits contain essential data that is stored on the blockchain via smart contracts, each token cannot be destroyed or replicated. This blockchain is the etherum blockchain, which means the currency used to buy and trade NFT’s in ETH, a crypto currency. The NFT’s issued by this studio are available on opensea.io and can be purchased with your ETH.
Do I need to be a crypto currency nerd to take advantage of NFT’s?
Not necessarily, but with all investments, the more you know the better. You should first learn about Ethereum and Gas Fees involved. Gas Fees are the process of producing smart contracts which are necessary for any exchange on the Ethereum Network. They are unavoidable, and require real work by a programmer on expensive equipment - so they aren’t just necessary surcharges. Ethereum 2.0 is coming soon, which makes this process more scaleable, which will reduce Gas Fees.
Should I buy Ethereum (ETH) Now?
crypto currency is one of the best investments you can make right now - and it isn’t going anywhere. I’m not a financial adviser though, this is only my personal opinion and those of my associates. The Ethereum network and NFT’s will only become more popular, so as with Bitcoin, early participants will benefit.
Why should I spend my ETH on a Canning Town Len crypto portrait?
It’s all about trends and security. Cryptocurrency isn’t going anywhere, and will only be more popular. NFT’s aren’t going anywhere, and will only be more popular. Canning Town Len Studio is professional registered company, with a Prime Video Partnership arrangement and a 4 year production schedule. This is a very different enterprise than a fan project or YouTube channel. Canning Town Len Studio isn’t going anywhere and will only be more popular. The common thread is ‘more’ - this is what makes better investments. If you would like to benefit from my studio’s popularity, my crypto art is a good way to do it. My 25 years of advertising experience is ‘the icing on the cake’ as one broadcaster put it. People will always find my products, and people are already buying my crypto portraits - which means, as investments, they are selling.