Will NFTs Transform Tattoos Into Bankable Art?

0 0

Top tattoo artists are highly coveted, their work displayed on some of the world’s most visible real estate: LeBron James’s shoulders, Scarlett Johansson’s back, Post Malone’s face.

But you can’t hang tattoos in a gallery, or auction them at Sotheby’s. They live and (unless previously removed) die with their owner. It also means that the most in-demand tattoo artists are still paid by the hour, just as many were during their apprenticeships decorating the biceps of sailors and bikers.

Artists do not generally get paid by the hour, said Scott Campbell, 44, a Los Angeles tattoo artist who has inked Robert Downey Jr., Jennifer Aniston and Marc Jacobs. “Musicians don’t get paid by how long it takes them to create a song. You’d never go to a gallery and think, ‘How long did it take the artist to paint it? I’ll pay him for his time.’”

Mr. Campbell, working with fellow tattoo artists like Mark Machado (known as Mr. Cartoon) and Brian Woo (Dr. Woo), wants to change this equation.

This week, Mr. Campbell is opening an online marketplace, All Our Best, where tattoo artists can offer their designs as permanent, tradable commodities in the form of NFTs.

To refresh: an NFT, which stands for non-fungible token, is basically a digital stamp of authenticity that can be bought, sold or traded like cryptocurrency on a blockchain. This is a far cry from the tattoo world, where the stars of the field see their earnings capped at around $1,000 an hour for a one- to three-hour session, even when working on Hollywood stars.

In this new marketplace, customers will be buying the exclusive rights to the design of the tattoo, rather than the tattoo itself. “I’m selling you an idea, instead of just hours of my life,” said Mr. Campbell, who has been blurring the line between tattoo and fine arts for years, showing his tattoo-inspired sculptures and paintings at galleries and art fairs. “The NFT is basically a digital baseball card.”

As a perk of ownership, buyers get a guaranteed slot with the tattoo artist — no small thing, since top tattoo artists can be nearly impossible to book for those outside the celebrity orbit.

But that is not mandatory. Some owners may choose to preserve their virgin skin.

In theory, owners of NFT tattoos could even commission a different tattoo artist to apply the ink, while still claiming the work as a pedigreed original. (Copying tattoos without the artist’s permission is a rampant problem.)

At the outset, All Our Best will feature just a handful of well-known artists: Mr. Campbell, Mr. Cartoon, Dr. Woo, Grime, Sean from Texas and Tati Compton. Mr. Campbell plans to expand the roster, and eventually open the marketplace for any tattoo artist to sell work.

He is not the only tattoo artist to see opportunity in blockchain. An artist in Portland, Me., named Brad Wooten, for example, is selling photos of digitally designed tattoos as NFTs.

The earning potential is considerable. Prices for the initial round of NFT tattoos on All Our Best will range from $1,000 to $10,000. The blockchain technology also allows artists to make a 10 percent royalty every time a work is resold.

Clients also stand to profit if the work appreciates, unlike the current setup where “the only thing they get out of the deal is an Instagram post and some bragging rights,” Mr. Campbell said. “They actually have something that they can keep and pass onto their kids, that has a life beyond being just that thing on their arm that in 10 years is going to be sunburned and blurry anyway.”

Read original article here

Denial of responsibility! Swift Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave A Reply

Your email address will not be published.