📺 Why are creators so bullish on them?

By @paarugsethi

·

Edit on Github

"NFTs are blockchain-based records that uniquely represent pieces of media. The media can be anything digital, including art, videos, music, gifs, games, text, memes, and code. NFTs contain highly trustworthy documentation of their history and origin, and can have code attached to do almost anything programmers dream up (one popular feature is code that ensures that the original creator receives royalties from secondary sales)." - Chris Dixon

We've mentioned these points before, but it's important to reiterate as these factors make the NFT ecosystem a goldmine of opportunities for Creators and Artists.

For the longest time, creators have struggled with rights over their intellectual property and institutions ripping them off because of their grip over the market. NFTs allow creators to own their pieces of art, buy and sell them as and when they want and also utilise them in any way they feel like. We're already seeing singers launching their albums as NFTs so users can buy them from them directly, creating an economy around their art pieces.

The possibilities for a creator here are endless. The ones who're coming on board will reap the rewards for it.

Here's a video to get you going

Here's an article for a complete deep dive

NFTs and a thousand true fans - a16z crypto

In his classic 2008 essay “1000 True Fans,” Kevin Kelly predicted that the internet would transform the economics of creative activities: To be a successful creator you don’t need millions. You don’t need millions of dollars or millions of customers, millions of clients or millions of fans. To make a living as a craftsperson, photographer,... Read More

You can't go long without Crypto Twitter

Andrew Kang (@Rewkang) on X

1/ Someone recently asked why the @Snowden NFT could have sold for as much as it did ($5.4M) Here's why NFTs will have a huge role in cultural memorabilia and why such NFTs are valuable https://t.co/GnoWxLv5nl

FAQs

If you have any doubts related to this topic or you have a suggestion, feel free to create an issue here.

If you want to make edits to this topic or update the topic, please click on the "Edit on Github" link you see on the top below the title, make the changes and create a pull request to the master branch. One of the moderators will look at your changes & merge your changes if all looks good.

And yes, if you update anything on this topic, don't forget to add your GitHub username to the contributors' list!

Have a happy learning! ✌️