Tattoo artists may be able to maximize monetization and exposure by using nonfungible tokens.
Tattoos have been commonplace worldwide for thousands of years, transcending technological and cultural changes. Because of the everchanging nature of art, it has now entered the nonfungible token space in an attempt to stay relevant in a digital world.
Keith McCurdy wants to combine the values of tattoo culture with disruptive technologies to create a new hybrid. He is using a rewriteable tattoo ink that changes colour based on the lighting conditions.
Bang Bang said that researchers at the University of Colorado have developed photochromic microcapsules as a tattoo ink that produces a color-changing tattoo that changes colour in response to UV light. He believes that tech tattoos will enable tattooers to satisfy both their desire for uniqueness and their demonstrated uniqueness with NFTs. He sold the first rewritable tattoo for 100 ether (ETH), or nearly $100,000, in June.
To link the tattoo community to Web3, Indelible is letting owners draw new tattoos and add i to existing profile pictures (PFPs) using NFTs. In addition to that, Mike Amoia, the company’s founder, is also a big proponent of bridging the two communities.
“NFT holders are looking to monetize or utilise their IP in other ways all the time. We think it’s a really fun way to do that or even just enjoy it by putting famous tattoo art on it.”
The startup was created eight months ago and is dedicated to providing tattoo artists with the ability to diversify their revenue streams beyond their own studios. “We thought it was a really interesting application for tattoo culture, and we decided to do it in the opposite way, which would be tattooing real people with Web3 characters. We wanted to tattoo the Web3.”
NFTs are digital objects whose authenticity can be verified on a blockchain, making them non-interchangeable and unique. They come in several forms, but they are particularly playing video games based on blockchain technology. During the pandemic, tokens sold at major auction houses for tens of millions of dollars, marking the art world’s NFTs.
The Verified Market Research (VMR) predict that NFTs will become worth $231 billion by 2030. Verified Market Research (VMR) predicts that the NFT market will increase from $231 billion to $231 billion by 2030. The NFT market will increase by 33.7% compounded annually over the next eight years. NFTs are in high demand in music, film, and sports industries.