I made more than $738k in 32 minutes selling NFTs – how you can too… – The US Sun

DEPENDING on which artist you talk to, non-fungible tokens and art go hand-in-hand or not at all.
Huntington Beach artist, Cam Rockam, 42, is in the former camp, likely because combining art and NFTs has been so lucrative for him.
Like so many other artists, the onset of covid in March 2020 brought Cam's work nearly to a halt, reports CNBC.
The year was going to be a busy one for him – he had exhibits planned in Brooklyn, Brisbane, and London.
As cancellations started pouring in, he and his wife, also an artist, started making digital prints.
At first, they used PPP loans to build up an inventory.
He then discovered Wallstreet Memes on Instagram in September 2021.
Cam took a chance and direct messaged the account, suggesting he produce 100 digital prints for them.
Wallstreet Memes liked the offer and suggested that he create 10,000 pieces.
This was the milestone, Cam explains, that he knew he could make money from NFTs.
With 10,000 pieces completed, Cam and Wallstreet Memes were ready to launch the collection.
To mint their collection, they used a discord server, which Cam says had just under 1million people logged on.
On October 27th, 2021, launch day, the entire 10,000 piece collection sold for 660 ethereum, worth about $2.6million.
His cut was over $738,000.
Cam was shocked. He told CNBC: "I thought I might make thirty, maybe forty thousand."
Cam says he'll continue to digitize his art. He believes NFTs are not going anywhere.
“NFTs and art shouldn’t be two separate things – they should be symbiotic," he added.
Of course, Cam is a tremendous success story.
Everyday investors are not advised to trade large amounts in Bitcoin, Ethereum, or other cryptocurrencies.
They carry high volatility and high risk, and you could lose all the cash you put in.
If you want to follow Cam's steps, you'll also have to find a meme account willing to purchase your digital prints.
On a high level, most NFTs are part of the Ethereum blockchain.
Ethereum is a type of cryptocurrency, like Bitcoin or Dogecoin, except its blockchain also supports NFTs, which store extra information.
The NFT itself is a digitized piece of work, like art or music.
The NFT, no matter what type of work it represents, attaches to the blockchain.
This means it cannot be replicated and is unique to whoever owns it.
Cryptocurrency traders say NFTs provide a legitimate way of verifying ownership and tracking the origins of an item.
While NFTs can really be anything digital (drawings, music, a profile picture, baseball tickets, etc.) there is a lot of excitement about using them to sell digital art.
A lot of the conversation is about NFTs changing the way fine art will be collected in the future.
It's hard to tell how confident people really are in its future, but several high price sales have gotten attention.
For example, this sale of $6.6million for a video by Beeple.
Beeple, the street name for digital artist Mike Winkelmann, also sold an NFT at an auction with Christie's for a record $69.3million.
Read more about what is Bitcoin, how do you buy it and is it safe?
See why cryptocurrencies crashed last month.
Do you have a story for The US Sun team?
Email us at exclusive@the-sun.com or call 212 416 4552.
Like us on Facebook at www.facebook.com/TheSunUS and follow us from our main Twitter account at @TheSunUS
Surprise $175 payments going out now amid calls for $350 'family stimulus check'
Deadline for $2,000 cash boosts passes as new $1,200 payments to go out in days
Exact date all Americans could see $1,657 check hit their bank accounts
New ‘$7,920 UBI monthly checks’ sent NOW as key March deadlines revealed
© 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP

source