Hey
Do you know that in 2021, digital artist Beeple sold an NFT for $69 million? Since then, the NFT sales has reached a whopping $41B worldwide.
Thousands of digital artists have earned more money via NFT auctions than ever in their life before. Millions more are heading towards the NFT market.
How can you build a paid service around NFT market using WebAR? Keep Reading. Today's issue will take about 3.5 minutes to read.
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Non Fungible Token (NFT) – The New Gold Rush
This is what Wikipedia says about the definition of NFT, "A non-fungible token is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership."
NFT is pretty new and possibly it will stay here for quite some time.
But how NFT has any relation to AR, especially WebAR?
The Barrier
It's true that millions are artists are jumping into NFT world to sell their artwork. But there is one problem. Being an artist, how to stand a chance to market the creativity, so that potential buyers get to know the artwork?
In simple words, how an artist can market his NFT artwork and bring more clients?
Most NFT marketplaces sell pieces of NFTs via online blockchain auctions. But a bigger portion of the poential first time buyers are not that much familiar with NFT marketplaces. It is important to bring such NFT collectors to the artist's virtual galleries. Often the newbie collectors are not very tech-savy and lack the expertise to find and experience good quality NFTs.
Solution to the Problem
NFT artists are often soloprenuers. Spending big on marketing budget to promote their work is often a challenge, especially who are not famous already. It's a challenge too to showcase mindblowing NFT arts in simple PNG screenshots over social media or websites.
Web based Augmented Reality can play a crucial role in this case. NFT art pieces can easily be converted into 3D asset and hosted into a WebAR experience. Now NFT collectors, whenever they scan a QR or click a link – the 3D NFT model can appear before them, providing a way more engaging experience of how the actual NFT art would look like.
WebAR links can be distributed over Telegram, Website, Discord or any other popuar NFT related marketing channels and reach out to more people than ever. This will empower the NFT artists to sell more of their artwork.
How Can You Monetize Here?
You can provide the WebAR services to such NFT artists or NFT agencies who can use them for rapid growth marketing and growth strategy for NFT auctions. It's comparatively cheaper than building AR apps, so there's a huge opportunity for the NFT artists to adopt this marketing strategy and grow their sales.
Focus on this domain and grow your revenue significantly by providing NFT specific WebAR service.