Advantages and disadvantages selling NFT on objkt.com

Selling digital goods in Objkt dot com platform

Over the past year, I've been actively engaging with the objkt.com (ArtH2O Nfts) platform, immersing myself in the realm of NFTs. One aspect that particularly captivates me is the seamless process of publishing NFTs, which doesn't burden my wallet. However, when it comes to the sales aspect, I must admit that I haven't been particularly fortunate in finding buyers for my creations.

Posted by arth2o

advantages-and-disadvantages-selling-nft-on-objktcom

Objkt.com is a platform dedicated to the creation and sale of NFTs (non-fungible tokens) on the Tezos blockchain. Like any platform, selling NFTs on Objkt.com (My NFTs) comes with its advantages and disadvantages. Here are some of the pros and cons:

Advantages of selling NFTs on Objkt.com:

  1. Tezos Blockchain: Objkt.com operates on the Tezos blockchain, which offers a unique set of features such as low transaction fees, energy efficiency, and scalability. Tezos also has a strong community and developer support, which can benefit NFT creators.

  2. Artistic Focus: Objkt.com primarily caters to digital artists and creators. By focusing on art-related NFTs, the platform attracts a niche audience of art enthusiasts who may be more inclined to appreciate and purchase digital artwork.

  3. Discoverability: Objkt.com provides a dedicated marketplace for NFTs, making it easier for artists to showcase their work and gain exposure within the platform's community. It offers various sorting and filtering options, allowing potential buyers to explore and discover new NFTs.

  4. Community Engagement: Objkt.com fosters community engagement through features like auctions, bids, and social interaction. Artists can directly engage with their audience, receive feedback, and potentially build a fanbase, which can lead to increased sales and exposure.

Disadvantages of selling NFTs on Objkt.com:

  1. Limited Market Reach: While Objkt.com has a dedicated community, it may have a smaller user base compared to more mainstream platforms like Ethereum-based marketplaces. This could potentially limit the exposure of an artist's work to a broader audience and reduce the chances of high-value sales.

  2. Platform Popularity: As of my knowledge cutoff in September 2021, Objkt.com was a relatively new platform. Its popularity and user adoption may still be growing, which could impact the number of potential buyers and the overall demand for NFTs on the platform.

  3. Tezos Ecosystem: While the Tezos blockchain offers its advantages, it is not as widely known or adopted as some other blockchain platforms like Ethereum. This could limit the number of potential buyers who are familiar with Tezos and willing to transact in its native currency (XTZ).

  4. Competition: The NFT market is highly competitive, with numerous platforms and artists vying for attention. While Objkt.com provides a dedicated space for artists, it also means competing with other talented creators for visibility and sales.

It's worth noting that the NFT space is rapidly evolving, and the advantages and disadvantages of platforms can change over time.
As of now, considering these factors can help artists make informed decisions about whether to sell their NFTs on Objkt.com or explore other platforms.

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