Three Things to Know About a Digital Art Marketplace

Do you want to know what the future of art sales is going to look like?

If so, look no further than the digital art marketplace. Just like physical art markets, this market sells art. But it does so online, making it easier for artists to get exposure and sell to their clientele.

But before you start buying digital art, there are some things you should know about it. Below, we’ll go into the top 3 most important facts about the digital art world. Keep reading to learn more and start collecting pieces you love!

1. The Digital Art Marketplace Is Changing

Digital art has long resided on the internet. In fact, artists have created their own websites and blogs in order to get exposure and sell their artwork. Others have used websites like Fiverr and Upwork to advertise professional, freelance artistic services.

This definitely made art more accessible to a wider variety of people. Individuals could commission pieces of art for a fraction of the price of collecting fine art. As such, quite a few users have a collection of digital prints.

Yet, the digital art marketplace is also starting to shift toward fine art collectors. These collectors like owning exclusive pieces of art designed by the best artists. Now, people can spend thousands of dollars to get original files of the art. Only they will own that one file. Even if others use the image on the internet, the owner will have the only original file. 

2. It Uses Crypto

The introduction of NFTs has made it easier for fine art creators to sell original copies of their pieces.

NFT stands for non-fungible token. “Non-fungible” means “non-replaceable.” If you have an NFT, you have something that can’t be swapped out for something else. They’re unlike other forms of crypto in this way. Bitcoin, for instance, is replaceable with other Bitcoin. 

If an artist can convert their artwork into an NFT, they can sell it as a one-of-a-kind artwork. Then, if people buy the artwork, they can give them this digital file, which is unable to be replicated.

3. The Buyer Gets Basic Usage Rights

Usually, when someone buys a digital art piece NFT, they get basic usage rights. This might include the right to post the image online or use it as your profile picture. 

Even if you’re worried about someone copying the image, you don’t have to be. That item won’t be the original, and the person won’t have the ability to sell it as an NFT. It also may not be legal for people to use the artwork if they’re not you or the artist.

You should ask the artist about your usage rights before you buy a piece. Individual arrangements may vary, so knowing what you can and can’t do can help you avoid legal trouble.

Want to learn more about the digital marketplace? Check it out today!

Ready to Learn More?

Now that you know more about the digital art marketplace, you can start investing in digital art. 

There are many benefits to owning digital art. First and foremost, you’ll get to support artists you love, enabling them to create more art. You’ll also have the ability to develop your own art collection without even having to leave your house!

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