**A common misconception about NFT: **Everyone can mint NFT, and it is just a quasi-financial product?

From my understanding, NFT will be more for “creators”. More specifically, it will be more for “value creators” who can create “value” and have a certain amount of existing followers and a certain level of influence in this society. Creators could be artists, content creators, inventors, community builders, curators, and could also be business owners.

Practically speaking, an NFT (non-fungible token) is some mix of a deed, a certificate of authenticity, and a membership card. It can confer “ownership” of digital art (typically, ownership is recorded on the blockchain and a link points to an image somewhere) or rights of access to a group. NFTs can operate on a smaller scale than coins because they create their own ecosystems and require nothing more than a community of people who find value in the project. For example, baseball cards are valuable only to certain collectors, but that group *really *believes in their value.

NFT is a solution to the problems almost all creators have: 1) copycats, 2) content stealing, 3) high dependency on ads revenue sharing and brand sponsorship.

**An anecdote: **A few years ago, I worked with a visual artist and her team to produce a short film for a company, it took us nearly 6 months to film it, and many days and nights to produce it. We were super excited to launch it. After about a month post-launch, a TV show stole about 10 seconds of scenes from the film for one of their show trailers. We were shocked and full of indignation. We tried to contact the show to ask them to remove that trailer, we tried to use social media to backlash against them. But, the counter-party remained silent and neglected our request, as we were just a small startup with little power.

It is undeniable that NFT right now is not friendly to every creator. More tools and infrastructures are to be built as on-ramps for creators’ adoption, and truly produce more values of “creator economy”.

**A common misconception about NFT: **Everyone can mint NFT, and it is just a quasi-financial product?

From my understanding, NFT will be more for “creators”. More specifically, it will be more for “value creators” who can create “value” and have a certain amount of existing followers and a certain level of influence in this society. Creators could be artists, content creators, inventors, community builders, curators, and could also be business owners.

Practically speaking, an NFT (non-fungible token) is some mix of a deed, a certificate of authenticity, and a membership card. It can confer “ownership” of digital art (typically, ownership is recorded on the blockchain and a link points to an image somewhere) or rights of access to a group. NFTs can operate on a smaller scale than coins because they create their own ecosystems and require nothing more than a community of people who find value in the project. For example, baseball cards are valuable only to certain collectors, but that group *really *believes in their value.

NFT is a solution to the problems almost all creators have: 1) copycats, 2) content stealing, 3) high dependency on ads revenue sharing and brand sponsorship.

**An anecdote: **A few years ago, I worked with a visual artist and her team to produce a short film for a company, it took us nearly 6 months to film it, and many days and nights to produce it. We were super excited to launch it. After about a month post-launch, a TV show stole about 10 seconds of scenes from the film for one of their show trailers. We were shocked and full of indignation. We tried to contact the show to ask them to remove that trailer, we tried to use social media to backlash against them. But, the counter-party remained silent and neglected our request, as we were just a small startup with little power.

It is undeniable that NFT right now is not friendly to every creator. More tools and infrastructures are to be built as on-ramps for creators’ adoption, and truly produce more values of “creator economy”.