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Throughout history, artists have often been harassed by companies and promoters who have long profited from their work after receiving and spending the money paid to them. Today, many believe that the world of the web3 - and more precisely that of NFT - offers another way. By creating and publishing services as non-fungible digital tokens, they have the opportunity to regain control of how and where their services are used and maintain a more efficient payment system. So how does this all work? To find out, I spoke to one of the most prominent artists working in the NFT space today. Pplpleasr, aka Emily Yang, appeared on the cover of Vogue magazine and was listed in the Forbes 30 under 30 list, hailed as one of the leaders of the NFT art revolution. Pplpleasr got involved in NFT by combining his work as an actor in movies like Batman v Superman and Wonder Woman with his interest in cryptocurrency and blockchain technology. This led him to sell one of his projects - a display created for the Uniswap cryptocurrency exchange - for $525,000. The money raised was used to create a community group called Stand With Asians to promote artists from Asia. Now, in partnership with Skillshare, he has created an online course to teach other artists how to create their own NFTs and hopefully monetize them. What is NFT?
NFT - non-fungible tokens - are tokens that live on the blockchain, like cryptocurrency. However, the difference between them and cryptocurrency tokens is that each one is unique. In short, this means that they can be used to "distinguish" the other assets they associate with. The most popular original issue for NFT is digital art, with works by Grimes, ppplleasr and the artist known as Beeple (Mike Winklemann) becoming popular online collectors and regularly selling for a lot of money.
NFTs usually live on the Ethereum blockchain, although other blockchains such as Polygon and the Binance smart chain can also store them. Therefore, if you want to understand the ideas behind NFT, it is important to remember that NFT are not works of art in themselves, it is fair to say that they are symbols that act as a license for graphic design.
Throughout history, artists have often been harassed by companies and promoters who have long profited from their work after receiving and spending the money paid to them. Today, many believe that the world of the web3 - and more precisely that of NFT - offers another way. By creating and publishing services as non-fungible digital tokens, they have the opportunity to regain control of how and where their services are used and maintain a more efficient payment system. So how does this all work? To find out, I spoke to one of the most prominent artists working in the NFT space today. Pplpleasr, aka Emily Yang, appeared on the cover of Vogue magazine and was listed in the Forbes 30 under 30 list, hailed as one of the leaders of the NFT art revolution. Pplpleasr got involved in NFT by combining his work as an actor in movies like Batman v Superman and Wonder Woman with his interest in cryptocurrency and blockchain technology. This led him to sell one of his projects - a display created for the Uniswap cryptocurrency exchange - for $525,000. The money raised was used to create a community group called Stand With Asians to promote artists from Asia. Now, in partnership with Skillshare, he has created an online course to teach other artists how to create their own NFTs and hopefully monetize them. What is NFT?
NFT - non-fungible tokens - are tokens that live on the blockchain, like cryptocurrency. However, the difference between them and cryptocurrency tokens is that each one is unique. In short, this means that they can be used to "distinguish" the other assets they associate with. The most popular original issue for NFT is digital art, with works by Grimes, ppplleasr and the artist known as Beeple (Mike Winklemann) becoming popular online collectors and regularly selling for a lot of money.
NFTs usually live on the Ethereum blockchain, although other blockchains such as Polygon and the Binance smart chain can also store them. Therefore, if you want to understand the ideas behind NFT, it is important to remember that NFT are not works of art in themselves, it is fair to say that they are symbols that act as a license for graphic design.
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