Playboy Joins the NFT Frenzy

This whole NFT thing is turning into a veritable gold rush with multiple creators lining up to become part of the movement ever since Beeple cashed out big time.

Photo by Sora Shimazaki from Pexels.

Of course, who isn’t motivated by the idea of selling their work for millions of dollars?

It looks like Playboy will be joining a range of publishers that will be converting some of their assets into digital non-fungible tokens or NFTs. Think of it as the bitcoin or blockchain technology applied to digital media ownership rights. In other words, it establishes who is the original owner and creator of a piece of digital art.

Playboy joins others such as the New York Times, Time Magazine, and The Associated Press in implementing some kind of NFT strategy with the famed magazine partnering with Nifty Gateway to sell from both the company’s archive as well as help fund the creation of new digital media works.

PetaPixel reports that the first two collections on offer from Playboy include an original work by Slimesunday and a “pride-themed curation” from digital artist Blake Kathryn. The website further reports that the revenue split between Nifty Gateway and Playboy is 20% to 80% with the latter going to the now digital-only magazine.

Nifty Gateway is a kind of auction house and portal for buying and selling NFT digital art. While Beeple was handled by Sotheby’s, we did discuss a partnership between Reggie Watts and holographic tech company Looking Glass to auction off his original work “Noncompliance of Being” on Zora.

What do you think of the whole NFT craze? Is this going to be something that benefits digital media creators or a fad that will quickly fade? Let us know your thoughts on NFT in the comments section below.

Be sure to check out some of our other photography news on Light Stalking at this link right here.

[PetaPixel]

What We Recommend to Improve Your Photography Fast It's possible to get some pretty large improvements in your photography skills very fast be learning some fundamentals. Consider this the 80:20 rule of photography where 80% of the improvements will come from 20% of the learnable skills. Those fundamentals include camera craft, composition, understanding light and mastering post-production. Here are the premium guides we recommend.   Easy DSLR –  Friend of Light Stalking, Ken Schultz has developed this course over several years and it still remains the single best source for mastering your camera by identifying the main things that are holding you back.  Understanding Composition – As one of the core elements of a good photograph, getting your head around composition is essential. Photzy's guide to the subject is an excellent introduction. Their follow-up on Advanced Composition is also well worth a read.  Understanding Light – Also by Photzy, the other essential part of photography is covered in this epic guide and followed up in Understanding Light, Part 2. This is fundamental stuff that every photographer should aim to master.  5 Minute Magic Lightroom Workflow – Understanding post production is one of the keys to photographs that you will be proud of. This short course by one of the best in the business will show you how an award-winning photographer does it.

Let's block ads! (Why?)

Light Stalking https://ift.tt/3t9TPvz

---

Sourced by Time Trap Photography sharing the best photography tips, news and tricks throughout the industry. Time Trap Photography is dedicated to freezing those special moments in life that can be revisited and admired for generations to come. - Shannon Bourque
Please visit our main site for booking availability and rates.

---

Receive valuable industry knowledge delivered free to your email each day.

---