For over four years now, Sketchar has been helping people to start their creative journey and providing effective ways to develop their artistic skills. The only missing detail on this road of growing an artist was the option for artwork showcase and monetization in the global digital space.
The sudden surge of cultural interest in NFTs earlier this spring has contributed towards remedying this gap. At the moment, their rise may seem like just a temporary phenomenon. But once all the hype settles down, there’s a high probability that people will rethink the ways art gets operated online, and the idea of having tradable digital collectibles will be here to stay. Our future is digital, whether we like it to or not.
In any case, the Sketchar team is sure of one thing – creative power can and should be exercised, no matter what materials and tools are used in art-making.
NFT integration into the Sketchar app
For artists, entering the NFT field gives another area and format to create and distribute art – and offers their lovers one more way to support them.
In particular, creators can sell their art directly to the consumer (which allows retaining more of the profits) and also have an excellent option to receive royalties from future resales.
Sketchar is ready to provide its visual content creators with this exceptional monetization opportunity. Now when an artist is selected as a Creator of the Week by our community, their latest artwork is automatically converted into an NFT posted on the OpenSea marketplace. Additionally, our team can choose the art pieces they like in the activity feed to turn them into NFTs for free. That’s why it’s better to create and share more. The main requirement is the artwork has to be made directly on the Sketchar app which proves that the author is the legitimate rights holder.
Beyond that, in the not-too-distant future, we’re going to deliver a few more significant features:
• NFT self-service to enable any artist to tokenize their art on demand with its automatic listing on specialized marketplaces (in Q3’21);
• in-house NFT marketplace to display the finest NFT artworks created with Sketchar, calling collectors’ and brands’ attention to them (in Q4’21).
For explicit instructions on how to earn NFTs via the Sketchar app, please refer to our website.
What is an NFT about?
NFT stands for a non-fungible token, which is basically encoded with the same software as many cryptocurrencies. But unlike a standard coin in the blockchain (Bitcoin or Ethereum), each NFT has a digital signature, making it impossible for them to be exchanged for or equal to one another.
They are unique assets that represent tangible and intangible items in the form of images, video/audio clips, pieces of text or even programming code – all the stuff that can be digitized. NFTs are bought and sold like any other property, but instead of getting a real-world painting, for example, to hang on the wall, the buyer receives it as a file.
Although NFTs have been around since 2014, they’re gaining widespread prominence now due to their growing popularity as a way to trade digital art. More than $2 billion was spent on NFTs throughout the first quarter of 2021 constituting an increase of over 2000% from the previous quarter according to the latest NonFungible.com report.
In short, NFTs are considered as ownership certificates for virtual resources with only one owner at a time. And collectors value these “bragging rights” almost more than the object itself.
No less important, NFTs are built on a Proof-of-Work algorithm (like a complex series of puzzles) to keep its users’ financial records secure. Since all NFT data is stored on the blockchain by means of smart contracts, each token can’t be destroyed, deleted, or replicated. Plus, items such as digital artworks can be traced back to the original author, thereby enabling them to be authenticated without the need for third-party verification.
Sketchar is currently transforming into a platform that accompanies creators from the first steps to success in terms of professional and commercial recognition. Our basic goal is to allow the artists to maximize their focus on creating by taking care of the rest and offering: the advanced instruments, interactive skill-building techniques, and place to promote and sell the outcomes of their artistic experience.
There’re still many important tasks and challenges ahead of us to become the largest digital art place, but we’re determined to deal with that. The main engine that drives our development is the support of our users.
Stay imaginative and keep creating!