NFT Production & Auction Services
Here at McCartney Multimedia we thought that it was time to let our creative network know that we are in a position to offer your art, experiences, photography, recipes and short form video clips to the ever-growing world of NFT collectors. If you have created and own the copyright to art, photography, recipes or “unobtanium” once-in-a-lifetime experiences that you would like us to produce, represent and auction on the NFT blockchain, with our partners Oasis Digital Studios, please CONTACT US
OKAY, LET’S START WITH THE BASICS. WHAT IS AN NFT? WHAT DOES NFT STAND FOR?
NFT = “Non-fungible token” which more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different.
In other words, think of these new “digital artworks” as non-forgeable Mona Lisas or non-copyable Babe Ruth baseball cards. Because they have extremely long serial numbers and reside on the “blockchain” they are impossible to copy… think of it like trying to print out a video and share it…it just can’t be done.
NFTs are essentially smart contracts utilizing the blockchain to make sure specific conditions are met before processing a transaction. In practice, the primary use of that feature at this time is to validate transactions and record ownership of the NFT.
Meanwhile, in the music world, producers are releasing sample packs and exclusive music via NFTs.
One potentially lucrative future application of NFTs might be concert tickets. Given that NFTs are smart contracts, the blockchain could validate rules for tickets to set a ceiling on resale prices and how often a ticket can change ownership before the show.
Do people really think this will become like art collecting?
I’m sure some people really do — like whoever paid almost $390,000 for a 50-second video by Grimes or the person who paid $69.3 million at Christie’s for an NFT by the digital artist Beeple.
NFTs IN THE NEWS
Oasis Digital Studios and McCartney Multimedia Inc join forces on NFTS
FORBES: Get Your John Lennon Collectibles on the carbon-neutral Hadera Hashgraph Blockchain
Beeple NFT sells for $69.3 million in auction, the most expensive NFT ever sold
Rock Band Kings of Leon Plans to Release New Album As An NFT
John Legere bought an $888,888.88 NFT from Steve Aoki
Grimes beats Elon Musk at his own game as she nets $5.8m in 20 minutes selling crypto-artwork
NFTs Are Booming and the Music Biz Desperately Wants In By Micah Singleton for Billboard
BBC : What are NFTs and why are some worth millions?
SUMMARY
NFTs are designed to give the collector something that can’t be copied: ownership of the work (though the artist can still retain the copyright and reproduction rights, just like with physical artwork). To put it in terms of physical art collecting: anyone can buy a Monet print. But only one person can own the original.
If you have created and own the copyright to art, photography, recipes or “unobtanium” once-in-a-lifetime experiences you would like us to represent, produce and auction on the NFT blockchain, with our partners Oasis Digital Studios, please CONTACT US today.
Here are some exclusive interviews and PR releases with Ruth about the digital NFT space: