You could sell limited-edition grumpy frog NFTs for each unique saying. For instance, create a limited edition of 100 grumpy frogs saying "I hate Mondays!" with a guarantee to never create another set with that same saying. I would sell #1 last (because it should be the most valuable one -- thus you want to let #s 2 - 100 help establish the price of #1).
I believe you can also set up the #1 NFT in each set to collect a portion of the future royalties for every other one in the set (just like you, the creator, can establish a creator's royalty percentage). Hold onto #1 until the others sell, then the built-in royalties received by the #1 token will make it even more valuable.
Could also pre-sell NFTs with a unique saying (determined by the original buyer). The original buyer gets #1. If the #1 has royalty rights on the rest, then the purchaser of #1 will be a natural salesperson for the rest of the set.
I have been thinking about various ways to do it. My biggest hesitation has been the fact that I sell the image commercially. The shirt with the frog and the word fantastic is my best seller on Etsy.
Though with more and more brands making NFTs of their characters, like Marvel selling spiderman NFT's, I'm starting to understand I can do both. Make the NFT and keep ownership of the design and still sell it commercially.
Thanks for the ideas on how to do it. I may try this soon
My biggest hesitation has been the fact that I sell the image commercially.
I'm starting to understand I can do both. Make the NFT and keep ownership of the design and still sell it commercially.
I do not think there is any expectation by an NFT purchaser that you will not also sell physical instantiations of the image. The only expectation would be that there will be no more digital NFTs created other than whatever is stipulated at the outset.
The recent proliferation of NFTs represents a huge potential avenue for content creators with an artistic flair to expand their market.
And use that guitar on the wall to add a few chord riffs to each NFT!
And pangolins and foxes and doge dog and aliens and bees and ... well you get the picture.
@junkfeathers,
NFTs can be created as numbered sets, also.
You could sell limited-edition grumpy frog NFTs for each unique saying. For instance, create a limited edition of 100 grumpy frogs saying "I hate Mondays!" with a guarantee to never create another set with that same saying. I would sell #1 last (because it should be the most valuable one -- thus you want to let #s 2 - 100 help establish the price of #1).
I believe you can also set up the #1 NFT in each set to collect a portion of the future royalties for every other one in the set (just like you, the creator, can establish a creator's royalty percentage). Hold onto #1 until the others sell, then the built-in royalties received by the #1 token will make it even more valuable.
Could also pre-sell NFTs with a unique saying (determined by the original buyer). The original buyer gets #1. If the #1 has royalty rights on the rest, then the purchaser of #1 will be a natural salesperson for the rest of the set.
Just some random thoughts ...
I have been thinking about various ways to do it. My biggest hesitation has been the fact that I sell the image commercially. The shirt with the frog and the word fantastic is my best seller on Etsy.
Though with more and more brands making NFTs of their characters, like Marvel selling spiderman NFT's, I'm starting to understand I can do both. Make the NFT and keep ownership of the design and still sell it commercially.
Thanks for the ideas on how to do it. I may try this soon
I do not think there is any expectation by an NFT purchaser that you will not also sell physical instantiations of the image. The only expectation would be that there will be no more digital NFTs created other than whatever is stipulated at the outset.
The recent proliferation of NFTs represents a huge potential avenue for content creators with an artistic flair to expand their market.
Keep us updated!