NFT + Physical Art pricing model
At the top is the original and unique work on canvas, usually a big size oil painting, Following bellow are the works on paper whose prices are less than the big oil on canvas. The prices of both the oil on canvas and the work on paper are based on time spent, the quality and cost of the materials and overhead cost (rent, electricity, etc.)
Bellow the works on paper are the dynamic NFTs. The price is based on time spent making them. They require several layers to be able to be dynamic. Price is based in the complexity of the process dictated by the amount of layers and computer work spent.
The base is the static NFT. They are static images as the name conveys. Since they are less complex and require less time making them the price is bellow the dynamic NFT.
Other factors on pricing the NFTs includes amount of copies. For example one single NFT could be cloned into hundred of copies and each of them priced and sold at smaller amounts.
I'm not including the cost of computer hardware and software. Neither we are talking here about market forces such as supply and demand and market speculation. I'm also not taking into account the quality of the original artwork on paper or canvas from which the NFT is born. In a further paper I would talk about how these factors influence pricing. But for now let's leave that out.
This layout makes sense for an artist making physical works on canvas or paper such as myself. But if over time the cost of computer hardware and software, as well as labor force necessary to make the NFTs surpasses the amount invested in producing paintings and watercolors, then the pyramid must be inverted accordingly.
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