While NFTs are mostly bought by crypto enthusiasts who want to make an investment in digital art pieces, they are gradually becoming more popular on the market. A person who has an NFT holds an exclusive right to the specific digital edition of an art piece. These days, it’s possible to mint video NFTs, which allows bloggers, directors, and other creative professionals to produce easy-to-monetize content. Digital pieces of art are already sold at Sotheby’s and other world-known auctions, which makes people wonder what the future uses of NFTs are. Read on to learn why more videos might get minted as NFTs in the nearest future and whether it’s high time to buy them.
Main Advantages of Video NFTs
Most collectors buy images, music, and GIFs turned into NFTs. However, other formats still remain distinctly less popular. Videos have a huge potential that is yet to be explored. Before the era of streaming services, top studios used to release exclusive DVD editions that were more expensive than regular ones as they contained unique content. It’s being argued that video NFTs could become such valuable collector items as well.
By minting an NFT, independent filmmakers can promote their movies without relying on huge marketing agencies or top studios. Besides, the use cases on video NFT aren’t limited to movies. One can also mint NFTs of sports games or interviews with top players.
In addition, NFTs offer an easier way to monetize videos posted on YouTube and other popular platforms. It will open a lot of perspectives for content creators who aren’t good at affiliate marketing.
By using decentralized solutions, video creators have more control over where and how videos are stored, viewed, and purchased. As a result, it makes it easier to create content that is impossible to censor. Besides, decentralization makes it easier to access video content.
The size of video NFTs depends on the length of a source video. It makes them exact digital copies of an original work.
When using such platforms as Storj and Filecoin, content creators no longer need to rely on the blockchain or such solutions as AWS. If a lot of people start using these services, participants will receive higher rewards.
Why Companies Need Video NFTs
To improve their marketing efforts, many businesses want to expand their digital presence using video NFTs. Therefore, they are looking for professionals who specialize in NFT minting and know how to increase brand loyalty by releasing NFTs.
Video NFTs can be used as valuable collectibles. Besides, they allow content creators to protect their copyright. NFTs are suitable for proving the authenticity of a recording. They enable news agencies to preserve accurate recordings of historical facts. In addition, NFTs can be used as pieces of evidence in legal disputes.
Video NFTs for Other Uses
By minting NFTs, you can preserve your valuable memories and use them as gifts for your friends and family members. To ensure that your source file is of the highest quality, you can use a GoPro video editor or any other dedicated software that allows you to cut and trim your videos.
Video NFTs aren’t affected by time. You won’t risk losing them as they are stored on decentralized services. Instead, just like old photos, they will become more valuable as time goes by.
If a video NFT gets minted by a celebrity, its value will increase tenfold. Political activists and volunteers may use them as sources of funding for their projects. For videographers, they become a unique way to promote their works online by minting collectibles.
With the appearance of services that specialize in encoding and managing video NFTs, you won’t need to worry about the retrievability of your digital assets. The future of creative video content lies with NFTs, which is why top companies race to enter the NFT industry early.
