You might come across this acronym, NFT when reading about token economies online. Still, it was too intriguing to pass up. But as you discovered more about NFT, you started to wonder, “Can you NFT a logo?“
Just like many people, you might have no idea about NFT Logo. I mean, can you really create a logo design that you can use to sell an NFT? Well, then let’s find out!
But first, what is an NFT, and how does it work?
What is an NFT?
In layman’s terms, an NFT (or non-fungible token) is a digital asset that represents something tangible. These ‘new craze’ in the Crypto marketplace are not fungible, meaning they are not interchangeable, duplicated, manipulated, or cannot be easily converted into other NFTs.
Wait, tangible and fungible? What does that mean?
NFT is susceptible to touch (tangible) or something you can physically feel. They are also fungible, which means they cannot be exchanged. When you do, that’s a lot of different NFT art (and value) already.
Instead, these are tokens designed to represent items of value, including collectibles, limited edition collectibles, rare collectibles, unique assets, limited edition assets, and other such assets.
NFT art or tokens can be sold or traded with others, increasing their value and making them even more valuable. They are the future of digital currencies because they enable the tokenization of all forms of physical assets!
But the real question is, can you turn your logo into an NFT?
Can You Turn a Logo Into an NFT logo?
The simple answer is – yes! But, how and why?
NFT logo is a piece of art or modern digital art, which can either be exceptionally beautiful or lame. Instead of painting it by hand, they are made on completer with pixels. Or sometimes, they can be in the form of music, video, sports highlights, or anything that other people refer to as ‘art.’
🚨 TOP COLLECTOR ALERT 🚨
— NBA Top Shot (@nbatopshot) September 29, 2020
This is 1️⃣ of 4️⃣9️⃣ LeBron James Moments that can ever be minted in our Cosmic packs. Scooped up by user rapid_goji_berry2079 via the #NBATopShot marketplace 📈
Start collecting Moments like these before the beta opens! https://t.co/S4XvtARyar 🏀⛓ pic.twitter.com/Lqm8grEIF1
In a sense, anything with a digital footprint can become an NFT logo! And a logo is actually pretty simple to mint or convert into Crypto collections or digital assets and store them on the Ethereum cryptocurrency blockchain.
But why?
Compared to 3D renderings and post-modernizing videos, an NFT logo is easier and more popular to sell. Mainly because it wouldn’t take too much time on your end, especially if you’re going to create them with a logo design maker o with the help of others.
Now that we all figured it out, another important question was raised: ‘Should You NFT Your Logo?”
Should You NFT Your Logo?
Let’s say you just purchased your first NFT asset. Congratulations! You’re now an owner of an NFT token.
But does this mean you can take all the copyright for the art? Well, not really.
Now before you become engaged, let’s understand why.
The copyright remains with the creator. So, if you sell your own NFT, you still hold its copyright.
What difference does it make in NFT buyer buying?
Going back to the scenario, once you bought the NFT asset, you are buying a record permanently linked to the NFT logo through an encryption database Blockchain.
The owner can either buy, sell, or trade the NFT logo in exchange for ownership changes recorded in Blockchain. In other words, you’re simply buying a share of that NFT, and when it sells, you get a certain percentage from it stored from your digital wallet.
So if you’re a logo creator planning to mint your design as an NFT, then there’s a chance that your logo today will be of high value in the future.
Imagine this tweet from Jack Dorsey, Twitter CEO and Co-founder, in 2006. Today, it’s now worth $3m! How cool is that?
just setting up my twttr
— jack⚡️ (@jack) March 21, 2006
Were We Able to Answer Your Question?
Hopefully, yes!
The concept of “NFT” is pretty cool. You basically give away an asset with value, and you get something valuable in return (for example, more exposure).
You don’t just give away a physical item. But you’re giving away your brand. If you’re familiar with the term “branding,” then you know that it’s a lot more than just a logo.
By leveraging smart contracts, NFTs enable transactions and agreements to be made easily and securely while ensuring the compliance and verifiability of those contracts.
NFTs can be exchanged for other tokens, goods, services, and fiat money. But, no, it cannot be duplicated, nor you can change its content or use it in other ways.
Creating your own NFT logo and minting it as an NFT collectible, you’ll find more benefits from it in the long run. In the future, NFTs could be used for payments, identity management, gaming, reputation management, and more!
