Which is the best blockchain for an NFT creator?

“NFT” is a hot topic in the news recently. Celebrities are also actively working on it, such as Suzu Hirose releasing an unpublished NFT of her photo book. In addition, digital art made by an 8-year-old boy in Tokyo is traded for up to 1.8 million yen, which is the focus of investors’ attention due to the high price. I will explain about NFT that spreads to many contents such as art, music and games. To buy NFT, hold a virtual currency and use the “NFT market”. It is a service like Mercari and Yahoo! Auctions for buying and selling NFTs in the “NFT market”. Also, to have virtual currency, you generally purchase at an exchange / sales office.

Coincheck is the only company in Japan that operates both the cryptocurrency exchange and the NFT market. Since you can trade consistently, there is no fee for NFT transactions, and since it is a group company of companies listed on the First Section of the Tokyo Stock Exchange, you can start NFT safely and easily. Coincheck is currently running a campaign that will give you a BTC worth 2,500 yen just by opening an account and making a deposit , so it is a great deal to open an account at this time.

NFT is a non-fungible token, but before we dive into it, let’s take a look at what NFT can do.

Prior to the advent of NFTs, digital data could be easily copied. Before and after copying, it was difficult to determine which was the copy source and which was the duplicate. For example, anyone can easily copy the images in this article.

However, if you use a technology called NFT, Blockchain will not be able to duplicate digital content and you will know which one is the real thing. So to speak, you can have “the only digital asset in the world. “

Advantage of NFT:

• Get the work of the pioneer
• The value of the NFT you bought may increase
• Creators can reach new layers
• It is returned every time it is secondarily distributed.
• Study for the future

① You can get the work of the pioneer

You can get the works of creators who are challenging NFT art as soon as possible.

There are still few creators who are challenging NFT art, so they are pioneers.

In fact, the works of creators who have been active from early on are very valuable.

If you enter NFT Art now, you will be able to reach the early works of the pioneer creators!

② The value of the NFT you bought may increase

If you get an NFT that will become famous in the future, its value will increase steadily.

There is no NFT in the Japanese market that will increase that much yet. However, advanced collectors who buy NFTs overseas are making great profits.

If NFTs become common in Japan, the day may come when NFTs bought for 0.01 ETH (about 3500 yen) sold for 1 ETH (about 350,000 yen) !

③ Creators can reach a new layer

Announcing an NFT art piece will catch the eye of an NFT collector. You can reach a completely different layer than before.

Moreover, it means that the work has been announced to the world.

There is a possibility that it will catch the eye of an overseas celebrity and “sold at a high price!”

In fact, the fact that “elementary school students’ works sold for millions of yen!” Became news.

④ It will be returned every time it is secondarily distributed.

This is the best place for creators.

NFT art works are not sold out, but are returned to the author each time they are resold.

If you set a percentage that will be returned to the author, the more your work is traded, the more income you will receive!

⑤ Study for the future

“Cryptocurrency assets” that I often hear on TV commercials these days .

NFTs are closely related to crypto assets and blockchain.

So, as you do it, you will acquire knowledge.

Cryptocurrency assets and blockchain will be indispensable for the future. Just knowing it will be knowledge that can be applied in various scenes.

There is no doubt that you can take a step forward in the times just by entering NFT art.

Disadvantage of NFT:

• A little difficult to get started
• The value of the NFT you bought may decrease
• It is difficult to calculate the tax for the amount sold
• The work may be plagiarized
• The fans so far may leave

① It’s a little difficult to get started

You need a little crypto assets to start NFT trading. And you need to open an account on the crypto asset exchange.

It takes some study and it takes time to put up NFT art. Many people say, “It’s difficult!” I was the same.

But now that there are many creators who are already doing NFT art, there is a lot of information when in trouble.

“Hurdle to sell NFT” will disappear if you read the following article, so please use it when you start

② The value of the NFT you bought may decrease

NFTs can go up in value, so of course they can go down in value.

Only a small number of NFTs are still rising significantly in the Japanese market.

So it’s okay if investors who buy overseas NFTs care.

There is nothing wrong with

“buying your favorite NFT art” .

I don’t buy it by

“whether the price goes up or down” .

③ It is difficult to calculate the tax for the amount sold

Many creators will wonder, “What about taxes if NFT art works are sold?”

Of course you have to declare it.

Make a note of the “amount sold” and the “ETH price when sold” and calculate.

However, the numbers are constantly changing.

It is impossible to calculate everything perfectly.

Anyway, it is important to “show the attitude of paying taxes properly”.

So ,

it would be better to

“throw the whole thing to the tax accountant when it sells terribly” .

④ The work may be plagiarized

NFT is a “technology that can prove the authenticity” , but it is not a “technology that makes copying impossible”.

Therefore, someone can sell your work on the net by NFT without permission.

As soon as you find it, you can report it and request deletion, but fake listings will appear frequently.

It is mainly popular writers who are plagiarized.

Although it will be erased immediately, it is annoying to put up a fake item.

⑤ The fans so far may leave

When many Japanese people hear “cryptocurrency / cryptocurrency” , they still have the image of “is it okay?”

Most people can’t keep up with the new trends in the world.

Therefore, people around you may be suspicious when you talk about [NFT]or [cryptocurrency assets].Some people may come up with a story like “Environmental problems” and criticize it.

For writers who already have a lot of fans, some fans may leave.

But … Isn’t it too wasteful to miss a big chance with “I don’t know”?