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NFT explained for creators
Hey, everybody! WTF—what is going on in this post-pandemic world? In recent months, the internet has been overwhelmed with tales of people reaping life-changing rewards in high-risk markets. And as I'm sure you've heard, NFTs are one of those spaces. So why in the world are people spending millions of dollars on old viral memes and cats shooting rainbows from their asses?!
In this post, I will very briefly explain what an NFT is and what the future holds for creators. So here we go:
What is NFT in a simple word?
It’s a digital signature added to a virtual file so you can sell, trade, or track original digital assets and artworks, the exact same as offline. NFTs made it possible to OWN digital media assets.
But can’t anyone copy a digital art and share it everywhere?
Yes! But think of it as a poster of the Mona Lisa. Anyone can have a quality poster of her, but there is only ONE original. Also, the more a file is shared online, the more cultural value it gains.
Common! The NFTs that are trading now with mad monies, are mostly ugly or mediocre. How can you dare to compare them to the Mona Lisa?
A) Mona Lisa was on the Louvre Museum's B-list for a long time. After her disappearance in 1911 for two years, her value skyrocketed and she became globally known. Prices in the art world have never been reasonable, and mostly served the wealthy rather than the artists.
B)The market is flashy and bubbly, yet it’s a part of the process. What’s important is that NFTs are a great model to decentralize the idea of ownership and digital IP which enables creators to sell and trade their work directly to fans. This can potentially lead to taking away the middleman, publishers, and distribution platforms in the future.
What is the future of CryptoArt?
NFTs may look like fun and games for crypto whales, but they are going to be a new, futuristic mod. NFTs can be a unique way to fund, publish, and build communities for creatives. Check out mirror.xyz to see how they are funding creative writing with NFTs. Memberships and paid premium content are still relatively new models of monetization for writers and creators, but NFTs can go beyond that. They will enable artists to collaborate with developers and design new models of distribution and crowdfunding. These models will not only benefit collectors but also superfans and customers.
So what do I need to do in order to get into the game?
Get on YouTube. Next, check Twitter to find more advanced perspectives. Experiment with whatever is happening now. Tell yourself that the future of NFTs has just started. Study these:
The history of contemporary art
Follow NFTs communities and marketplaces. Study them very well. See how they are setting the trends, or following the game. to have a bigger picture, follow the critics and read the negative feedback. Ask why Seth Godin is skeptical about NFTs.
And finally, get back to creation: The most important thing for us is daily creation and pursuing creative projects along with all the distractions and hardships of life. Being an artist and creator takes guts. Be proud of yourself.
Please note that this post was just a baby step toward a very complex subject. There are many critics around the NFTs and no one will be able to see the full picture for now.
NXT ANIMAL is a media, and a weekly newsletter for creators, founders, and professionals who want to follow the latest trends in digital media, the creator economy, and art startups.