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In just six weeks, this 36-year-old Brooklyn artist made over $46,000 selling NFTs

Making millions from selling art in a short period of time is not an illusion anymore.

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The demand for nonfungible tokens, or NFTs, has exploded this year, and many developers have reaped the benefits.

Among them is Brooklyn artist Blake Jamieson, who made over $46,000 selling NFTs of his artwork on sites like SuperRare and OpenSea in just over six weeks, from the first day of February to the middle of March.

Source: https://blake.art/

“I strongly believe that I will be a millionaire in like eight weeks,” Jamieson says, citing the NFT’s potential. “I have a ton of pro-athlete clients who are pounding on my door to do this stuff.”

Jamieson, a prolific artist with a clientele of professional athletes, including former NFL running back CJ Anderson, heard about NFTs from his pal, NFT artist and former MLB player Micah Johnson.

Jamieson created NFTs of his art, ranging from athlete portraits to abstract paintings, by minting high-res photographs of his previous works and selling them on NFT platforms. Jamieson, for example, photographed parts of a “trippy, funky” acrylic pour painting he created in 2020 and classified each “chunk” as a separate NFT on SuperRare as a series.

“I was like, ‘Somebody’s going to pay me over $150 for that jpeg of a painting that I painted two years ago and I don’t even think about anymore?’ That gets me more excited.”

Once bids started to come in, thanks to SuperRare’s algorithm, “it just snowballed.”

Jamieson made about $40,000 on SuperRare from 17 sales in around a month and a half. Jamieson has sold 19 NFTs on SuperRare for a total of $44,399, according to the site, with his biggest NFT sale being $4,772 and an average sale price of $2,336. Jamieson sold one NFT of his painting of LeBron James for around $6,500 on OpenSea.

So far, his NFTs have sold for less than Jamieson’s physical art, which he sells for $10,000 to $15,000 a piece, for a total of $100,000 to $150,000 per year, he claims. Jamieson, on the other hand, made about $800,000 in 2020, thanks to a deal with Topps, which asked him to recreate 20 different “iconic” baseball cards for the company’s Project 2020.

However, he claims that “making the extra NFT revenue has a big effect on the business today.”

Jamieson now uses social media to support his NFT drops and is optimistic about the opportunities.

“These items have proved scarcity, whereas you could get a print and be told, “Oh, this is one of ten,” but there could be 50 printed. You’d have no idea. However, with NFTs, you’ll be able to tell “

Jamieson is currently collaborating with Topps on a new series called Project70, for which he expects to earn $500,000. He’ll still keep selling NFTs on the side.

The NFT market seems to have cooled recently, as sales volume and pricing have both decreased. Even if pricing stabilizes, Jamieson believes the market will continue to expand.

“I believe there is a bubble right now with the rates that products are going for,” he admits, but the current NFT market is just the tip of the iceberg of what’s possible. It is a fantastic opportunity for artists, and it would be foolish for them to pass it up at this time. It’s not going anywhere, in my opinion.”

ART & COLLECTABLES

Salvatore Ferragamo, an Italian luxury brand, has an NFT booth in SoHo

Customers can create and mint their own Ethereum-backed non-fungible tokens (NFTs) on OpenSea at a booth set up by Salvatore Ferragamo, an upscale clothing company with its headquarters in Florence, New York.

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The Salvatore Ferragamo concept store in the city’s SoHo neighborhood opened its doors on Friday, and the booth is a part of a bigger debut of the business. All visitors are eligible to receive free NFTs, which are limited to 256 in total. The brand will pay all associated costs up front to mint an NFT.

For the launch, the company is collaborating with artist Shxpir, who has previously created holographic handbags for businesses like Coach. Shxpir has produced 3D digital graphic elements for the NFTs for Salvatore Ferragamo.

Just one day after NFT, there will be a launch.

After a week of discussions about how fashion businesses may tap into the Web3 and NFT arena, NYC, a conference about non-fungible tokens in Times Square, comes to an end. Famous companies have lately debuted their own NFT collections, including Gucci, Prada, Bulgari, and many others.

Salvatore Ferragamo has previously entered the online space.

The company collaborated with Obsess, a virtual and augmented reality software platform that aids businesses in the establishment of interactive online storefronts and virtual experiences, last year. Customers could explore a virtual mansion that featured Ferragamo goods at the online store dubbed “House of Gifts.”

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ART & COLLECTABLES

The crypto decline may be used by Binance to increase its market share in NFT

Football fans will soon have the opportunity to buy “an iconic piece of sports history” thanks to a collaboration between Cristiano Ronaldo and Binance.

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CR7 is starting to participate in NFTs.

The football phenom revealed his exclusive collaboration with Binance today. The multi-year contract, according to Ronaldo, will provide fans the chance to “own an iconic piece of sports history” and take part in his Web3 community.

In a video, Ronaldo stated, “Today we are going to transform the NFT game and move football to the next level.”

The Binance-controlled exchange and the Binance Smart Chain are two of the largest elements of one of cryptocurrency’s largest ecosystems (BSC). With 407 different protocols built atop it and $5.92 billion in value locked, BSC is the second-most used blockchain (after Ethereum).

Binance has had trouble creating a thriving native NFT ecosystem despite these great figures. With only $79 million in total trade volume, PancakeSwap, the decentralized exchange and flagship protocol of Binance, ranks twenty out of the NFT markets (OpenSea and LooksRare, two Ethereum marketplaces, had respective trading volumes of $31.24 billion and $23.23 billion).

Therefore, the alliance with Ronaldo might be interpreted as an effort by Binance to add value to BSC and start growing the NFT market share of the blockchain. On this retweet of the formal announcement, Binance CEO Changpeng Zhao “CZ” may have hinted as much: “Now, we start.”

This week saw the announcement of several noteworthy NFT partnerships, such as Pharell Williams’ recent appointment as Chief Brand Officer for the Doodles line.

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ART & COLLECTABLES

NHL Opens Hockey Collectibles NFT Marketplace

The NHL, along with its Alumni Association and Players’ Association, said on Thursday that it has joined with NFT platform Sweet to build a distinctive NFT marketplace and libraries of NFTs—individual blockchain tokens that denote ownership.

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The NHL’s market will fall between a full-fledged NFT trading platform and a website that enables momentary NFT drops, according to David Lehanski, the league’s executive vice president of business development and innovation.

By creating an NFT marketplace with exclusive releases, the NHL hopes to give fans a little bit of both. In preparation for the commencement of the 2022–2023 season, the NHL’s Sweet marketplace is anticipated to launch in October.

The NHL aims to gamify NFTs with “questing and collecting” components so that fans will interact and can be rewarded with benefits like other NFTs, according to Lehanski, who spoke to Decrypt.

Depending on a player’s performance, some of the NFTs will also be dynamic and alter over time. According to a statement, NFTs will also include “cinematic game highlights from past and present NHL seasons” or surprise packs of NFTs that may be seen in “3D interactive trophy rooms.”

Lehanski claimed that the NHL wasn’t yet ready to reveal which blockchain it would be constructing on. Though it might be on Polygon or Tezos if Sweet’s offerings are any indicator.

Lehanski stated, “We’re looking at everything,” and that the NHL’s top priorities in its search for a blockchain include “cheap gas expenses” and “environmental sustainability.”

The NHL is one of the most recent major professional sports leagues to enter the NFT market, following the NBA’s Top Shot NFTs, the NFL’s “play and own” NFT game, and MLB’s impending NFT contest.

Lehanski commented on the NHL’s approach to NFTs, saying, “There was clearly a lot of temptation to potentially moving very rapidly […] but we thought that was a little shortsighted.” He added that, in his opinion, spending the time to investigate indicators like fan behavior was worthwhile. Especially in relation to digital collectibles and gaming, NFTs have a long-term future as relevant and meaningful items for enthusiasts.

But according to Sweet CEO Tom Mizzone, the NHL’s NFTs won’t simply be targeted at hockey fans who are unfamiliar with cryptocurrencies; seasoned NFT collectors will also be able to participate in a way that feels natural to them.

It will undoubtedly appeal to that degen culture, he continued, but not to the extent that it excludes fancier consumer bases.

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