How NFTs could Change the Future of Photojournalism

• NFT marketplaces take between 2–15% of each transaction on their platforms while stock media sites take up to 85% of each sale.

• It is common for creators to make pennies for selling media content on stock platforms; however, publishers like CNN and NBC are willing to pay individuals as much as $35,000 for video clips of a single event.

• The infrastructure for connecting media content creators directly to media publishers does not exist but could benefit from being built on an NFT marketplace.

If we speak simply then NFT’s are just images that can be saved with a right click of your mouse. Then why do people purchase it? The real motive behind buying NFT is to get its ownership. This concept is not very much known to everyone but in the future there will be a time when every person will have NFT.

NFT and photography are two areas which have combined to give an amazing result. Many people are passionate about photography and want to make it their profession. NFT gives a platform to talented and young artists to feature and sell their best clicks to people across the globe.

Obviously ownership doesn’t mean getting copyrights of someone else’s photographs but you will get the proof of authenticity which is more than sufficient. As quoted by Anuj Jasani- “Once 100% of the artist become NFT artist and start buying, selling and creating NFTs, NFTs will become the most useful digital asset on the Internet.”