RE: Morning Shower - Beauty of Woman's Body Contest - WEEK #218
I agree 100 % … I had someone ask me if they could use my Art to mint some NFTs on Wax. I said ok … they minted a few hundred of my sketches and I was to collect a small percentage of the 1st sale or something like that. They sold for a few pennies each so I made a few pennies… then they were sold and resold going all the way up to $100 and I got none of that. I realized that NFTs were just a way for very rich collectors to get rich and Artists got nothing. I’m glad that I never paid thousands in Ethereum Gas fees to learn this Lesson.
It’s just like the real world. I make a painting, I sell for $1,000 … the Gallery takes 50% … so I get $500… I have to show this as income and the government takes 50% … so I have $250, which basically paid for the canvas, paint and frame… so I get nothing… I have earned over $20,000 USD sharing my Artwork here on Steemit and YouTube. Converted most to Bitcoin so earned even more. As long as you have some crypto losses (Terra, Cub, Leo etc) to offset these gains the taxes are pretty low. So yes, Steemit is 1000 x better for artists.