NFTs and cryptocurrencies have been super hot buzzwords for the last couple of years. Stories have circulated the news of people getting rich from trading them, and everyone seems to be trying to get in the game The nature of digital currencies makes it adult content friendly – no old bankers or government officials are regulating it and saying what spenders can and cannot buy.
It’s also still an emerging industry, so has huge potential as another revenue stream for your business.
OnlyFans has also been experimenting with NFTS by allowing them as the profile picture of accounts, and it’s rumored that they will allow the sale of NFTs on the platform in the future. Web 3 and the adult industry are only making more and more sense going together.
In this blog, we’ll walk you through what the technical terms are, how to make and sell NFTS, and why this is a smart and pretty safe thing to do.
Non-fungible means something is one of a kind or irreplaceable. It can be copied, but just like a real-life work of art from Van Gough, copies will never be the original.
Each NFT has a digital signature which makes it unique and cannot be replaced by another NFT.
In simple words, NFT is a digital asset that can be an image, GIF, music, art, or video clip.. NFTs run on Ethereum blockchains (way more complicated than what you need to know) but basically, this is what gives it value and makes it unique.
NFTs can be bought and sold with the help of Cryptocurrencies.
Cryptocurrency is essentially a digital currency that is based on blockchain technology. These are a lot of big complicated words, but it’s really a lot simpler than it sounds!
Compared to the money we make & spend in a day to live, which is regulated by banks and the government, cryptocurrency is “decentralized” money because there is no authority involved in the rise and fall of the currency.
It can be all over the place, and rises and falls kind of like stocks do – based on the number of values people think it has.
Units of cryptocurrency are created through a process called “mining”, which just involves using computer power to solve complicated mathematical problems that generate coins. Basically a payment system for the processing power of computers.
Cryptocurrency is used to buy and sell NFTs – and more and more adult content creators are jumping in on the hype to monetize their content in this new style.
NFTs are generally very secure depending on how you make them and where you host them.
As is true with anything in the digital world, you need to be aware of hackers and scammers – this means doing things like making elaborate unique passwords, enabling two-factor authentication on your accounts, and protecting your digital wallet information.
Don’t share your information, or click links in messages or emails from unfamiliar senders.
The money you make through selling NFTs will probably fluctuate based on the value of the cryptocurrency you’re using. This may appear super high one day and super low the next, but don’t let that scare you.
Wait out the drops until the value is high and then cash out, or keep your money in and it has the potential to keep growing with the currency.
Popular cryptocurrencies are also generally stable. Avoid very new currencies that may seem to have a lot of hype around them, as these may be “pump and dump” schemes – when people use misleading information to raise the price of a currency, after which they sell it at a profit and tank the value.
It’s much like investing. Be patient, stay calm, do some research, and think with a long-term perspective!
It’s actually not as hard as it sounds!
1. Choose the digital asset that you want to convert into an NFT.
2. Choose a blockchain that you want to use for your NFT. One of the most popular among creators and artists is Ethereum (ETH). There are other options as well, like Polkadot, Cosmos, Binance Smart Chain, etc.
3. Set up your digital wallet since you’ll need cryptocurrency to fund your investments at the initial point. Some of the top NFT wallets are Coinbase Wallet, Trust Wallet, Math Wallet, AlphaWallet, and Metamask.
4. Select the NFT Marketplace on which you want to buy and sell your artwork. After selecting it, you’ll need to link it to your digital wallet.
5. Upload your asset that you want to convert into an NFT. Each marketplace has a different step-by-step guide to upload the artwork to its platform. It will enable you to convert your digital asset into a marketable NFT.
6. Now set up your sales process. Decide how you would like to monetize your NFT depending on the platform. You can sell it at a fixed price, set a timed auction, or start an unlimited auction.
Now you are all set to rock the Adult NFT world!
There are some great adult-oriented NFT platforms where you can buy and sell content with ease, with more options popping up all the time.
CumRocket is an established NFT marketplace where content is bought and sold with the currency CUMMIES. Many popular creators sell content there.
It is a marketplace for the artwork created by people aged 18+, where the collectors and creators can profit from their artworks.
It is an Adult NFT token that focuses on limited content. At Taboo nothing is forbidden and it aims to become a playboy of Blockchain.
This is a creative ground for sexual artists, collectors, and curators to buy and sell their artwork. NaftyArt was the world’s first Adult NFT marketplace.
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