Video NFT
Last updated
Last updated
Video NFT Marketplace
Create your first video as an NFT with an NFT marketplace for video makers. Create NFT video and motion video directly, the platform works with BSC blockchain and allows you to create an NFT on-chain. With BENFA, you are getting control over your NFTs, with no middle man cutting your sales. Create, Buy, Selland Earn with your mp4 video NFTs.
Just a few cases we happened to hear recently in Miami-based art collector Pablo Rodriguez-Fraile spent almost $67,000 on a 10-second video artwork. It wasn’t long since he decided to sell it as the NFT for… $6.6 million.
The video is really a rarity – there are few other videos that could compete with this one in virality. Recently we learned that it was sold as the NFT for $760,999. Therefore, it is no longer on YouTube.
Do you have memorable moments captured on video? How about you make money off it? NBA top Shots recently sold a video of LeBron James’ dunk for $387k. Beeple’s Everyday- The first 5000 days, a 10-second video sold for $69.3 million. If anything, this shows demand for NFT videos, and though the market is still young and thriving, you can make some decent cash off it.
While it is improbable to put up a 3-hour long movie as an NFT for now, due to size limits, the truth is that you don’t need that much length and size. Do you have motion videos, short video clips, or animation? If yes, they are perfect as video NFTs.
Asides from NFT’s inherent money-making potential for content creators, Some qualities tip the advantage to NFTs compared to off-chain video storage and distribution. These include:
1. Trustlessness
Tokenization is done via smart contracts in a blockchain. Your animations, clips, and motion designs as NFTs can be stored and sold quicker and without the help of a middle man.
2. Immutability
Anything recorded on a blockchain is immutable. It cannot be modified, altered, changed, or faked.
3. Transparency
You can always track your NFT’s transaction history, origin, issuance date, and the prices it was bought or sold over time, removing the possibilities of fraud in the system.
As expected, you keep earning from your NFT. And while tokenizing might confer anonymity of buyers, smart contracts run all transactions — you will always get a cut on secondary sales of your NFT.
The first thing to do is select the platform you would like to use to mint your Video NFT — BENFA provides the best platform for all your animations, skits, clips, and motion designs as NFTs. We are cheap, fast, and rewarding.
Upload your video in mp4 format and the cover you want to use and fill in the necessary details (title of the video, name of creator, description, etc.)
Make necessary payments: All NFT platforms require traders to pay for the computing energy, called gas fees, to process transactions. While others can charge as much as $500 to mint NFTs, you can create video NFTs Directly on a blockchain!
Click on Create. After a few seconds, your Video NFT will be listed in the marketplace for potential buyers.
With the insane prices artists are selling NFTs for and the increased adoption rate, it is reasonable to say we’re still in the early days. In the coming months, we will see a flood of artists scrimmaging to get their videos online. You now know better, so you should take the shot at tokenizing your videos.
