Daily News | Philly artists use blockchain to make money in digital art
sells their photography, animation and video pieces) will allow you to setup your own account, connect your digital wallet or purchase digital currencies, upload your artwork and complete the process of getting a unique token assigned to it on the blockchain. You’ll be able to store your artwork and then track royalties on the sale of your product, which Hytha says can be very important.
Finally, you should decide whether you want to make your money by selling digital art, or trading cryptocurrencies...or both. A single unit of Ether now costs about $2,700 as I write this one Bitcoin goes for about $38,000. But Ether was worth about $4,600 as recently as November and Bitcoin was worth about $68,000 at the same time.
“I’m just excited about it,” he says. “And hey, if it goes to zero, this is all fun. I want be in there for, for when Ether goes to 10 or 20 thousand by the end of 2030 or something!” And remember, it’s not just the artwork transactions but any potential profits made from the ups and downs of the cryptocurrencies you’re using. Keep good records and document your transactions.
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