The Basics of NFT Creation
The Center for Creative Economy thrives on the creativity of entrepreneurs, and at February’s Momentum meetup our panelist, Kevin Clark, and our moderator, Ryan Schmaltz, introduced a great way to do just that. Last month, in part one of this two-part series, Kevin introduced Web3 and the Metaverse. For part two, Ryan led an interactive and engaging discussion on NFTs (non-fungible tokens). Kevin guided the attendees to create a collective. Kevin is an artist who is passionate about technology and creative entrepreneurship. He is the co-founder of Point Motion, a tech company whose vision is to improve the quality of life for people through the intersection of music and technology.
Ryan kicked off the discussion with a quick survey of the audience and discovered that most of the attendees knew what NFTs are but did not fully understand the concept. The audience’s primary interest in NFTs was art, profiting/investing, fundraising, and providing the infrastructure for NFTs. The information gathered from the poll allowed Kevin to lead right into his presentation. The presentation addressed the following topics:
- Difference between Web 2 (3rd party trusted system) and Web3 (trustless system)
- Non-fungible and tokens
- How the creation of NFTs is changing the industries of art, fashion, and music through the use of wearables and the ability to release your art virtually for sale
- The profitability of NFTs and how royalties are connected
After the discussion, Ryan led an interactive and informative Q&A session with the audience. Kevin then guided the Momentum group into the creation of the Center for Creative Economy’s first-ever NFT, a canvas painting that was co-created by the participants attending Momentum. An auction was then held live to purchase the creation and also receive an hour of coaching from Kevin on the Metaverse and NFTs.
Thanks to Ryan and Kevin for an informing, engaging, and creative discussion!
You can view the recording from the Momentum February event on NFTs in our Youtube channel using this link.
Momentum returns on Wednesday, March 23rd when Rahul Kulkarni, CEO of Sukhi, will be leading a discussion on Leveraging Mindfulness for Optimum Focus. We hope to see you then! Register Here!
A few helpful links about the Metaverse & NFTs:
