USING NFTs TO PAY YOUR WAY IN THE OUTDOORS
Sport, travel and adventure usually require gear purchases, travel expenses, training and free time. So, even though most of us try to structure our lives and work schedules in a way to make that happen, budgeting for our adventurous lives can be a challenge for even the most disciplined and determined of us.
Within the world of cryptocurrency however, recent digital trends may be developing new opportunities for self-employed athletes, photographers, videographers and writers to pay their way in their pursuits. The rising popularity in NFTs (Non-Fungible Tokens) offers a new market and method for sales without having to ask for money from brands all the while competing with other influencers.
Without diving too deep into the fundamentals of crypto (there is a wealth of information out there for anyone interested in learning more!), here are the NFT basics: an NFT is a one-of-a-kind piece of digital content with a unique ID code that can be sold by the creator through specific digital marketplaces. The buying, selling and trading of it is more efficient, protects from copyright infringement, and gives the creator ongoing revenue shares as the content is re-sold, re-traded, etc. Although NFTs are popularly represented by photos of 8-bit jpeg cartoon gorillas and such, anything digital can be minted into an NFT, including audio files, photos, articles and videos.
People are starting to figure out ways of intersecting the digital world with outdoor content creation. Photographers have started selling NFTs of trip photos and athletes are using them to crowdsource expeditions, and if it continues on like this, NFTs could seriously change the industry as we know it.
Read on for some details on NFTs and the outdoors, if you will!