As an expert in the world of woodworking and NFTs, I can attest to the exquisite beauty that wooden art brings to any environment. Whether you’re crafting intricate furniture or sculpting unique pieces, the digital marketplace offers a platform for artists to showcase their wooden creations.
But imagine the possibilities if you could transform these tangible masterpieces into NFTs. In this article, let me walk you through the exciting realm of merging craftsmanship with blockchain technology.
NFTs, or non-fungible tokens, are digital assets that are unique and not interchangeable. Each NFT is one-of-a-kind, like a physical work of art. Unlike a digital file, it’s impossible to reproduce or copy an NFT, making it the perfect way to protect your creative work.
NFTs are stored on a blockchain, a digital ledger recording transactions. Creating an NFT establishes a digital record of ownership that can be verified and traced. This transparency assures buyers that they acquire genuine items, while artists can monitor their artworks and identify their owners.
Why Make NFTs from Physical Wood Projects?
There’s a shift in how artists create and sell their work. Because of the pandemic, this situation has forced many artists to move their sales online, and there’s a surge in the popularity of NFTs as a result.
NFTs offer artists a way to sell their work without worrying about piracy or reproduction. They also provide an easy way for buyers to verify that they’re getting the real deal. And, since NFTs are stored on a blockchain, artists can keep track of their artworks and see who owns them.
Selling NFTs from Wood Projects
The current landscape is particularly exhilarating for artists, offering them a unique opportunity to connect with a vastly expanded audience while selling their physical NFT art. Nonetheless, this endeavor is not without its nuances, marked by a blend of advantages and disadvantages.
To navigate this complex terrain effectively, it is imperative for artists to conduct thorough research and discern the most suitable course of action that aligns with their individual goals and artistic vision. You can use AI in the design process to make better outcomes.
1. NFTs validate the authenticity of your asset
Selling physical NFT allows you to connect with a global community of art lovers and investors. It would be easier to get buyers to buy your product bypassing the typical process of selling physical art like insurance, paperwork, logistics, and the likes.
2. NFTs offer more control to the artist
For example, you can set how many copies of your NFT  will be minted. In my case, I choose to mint NFTs on different platforms, giving more control over where to sell my work.
3. NFTs have the potential to generate more revenue
Because of their scarcity, NFTs often sell at a higher price than their physical counterparts. In addition, some NFT platforms also take a percentage of the sale, so you’ll need to factor that in when setting your price.
1. NFTs can be expensive to create
If you want to mint your own NFTs, you’ll need to pay a fee to the platform in terms of gas. Gas is the fee paid to miners who confirm transactions on the blockchain. The amount of gas you’ll need to pay will depend on the platform you use and the size of your NFT.
2. NFTs can be volatile
Like any investment, there’s always a risk that the value of your NFT can go down. However, I feel this is something you’ll need to weigh against its potential to go up in value.
Where to Sell Your NFT from a Woodworking Project
Some of the more popular platforms allow for the buying and selling of physical NFTs like NFT Drops. It is an excellent option to connect with a broad community of art lovers and sellers. You can also check their platform for upcoming collectibles of other artisans selling art projects.
Tips on How to Successfully Sell Your Work
You must know the importance of crafting a strategic roadmap to assist buyers in discerning the authenticity of your creative endeavors. Artists today possess the flexibility to market their NFTs and physical artworks as distinct entities, each harboring unique intrinsic values.
To enhance this process, you can use a meticulously devised rarity system. Through this system, you authenticate your assets and ensure they shine brightly amidst the vast artistic landscape, effectively setting them apart from the crowd.
You can also sell your work with the NFT, provided that it’s under a credible custodian. Or destroy the physical asset after having the NFT minted. However, the latter will require proof of destruction to make the work authentic.
Artists also can sell their creations in different stages and mint that part as an NFT. You can sell these physical assets by parts as your work progresses.
Just like any investment, it’s essential to do your research and find the right platform for you. You should also consider the fees, the community, and the features offered. Once you find a venue you’re comfortable with, you can start marketing your NFTs and connecting with buyers.
Robert Johnson is a passionate furniture maker & carpenter, sought after for his knowledge on the craft.
You’ve probably seen his down-to-earth wisdom in USA Today, Bobvila, Family Handyman, and The Spruce, where he has shared commentary and guidance on various woodworking topics.
Robert is the brain behind Sawinery, where he aims to share tips, tricks, and a passion for all things carpentry.