Bards Lost in The Metaverse Episode 9 - Art NFTs
In this episode Sharn and Andy talk about NFT Art.
Before diving into a discussion about their favourite NFT’s , Sharn and Andy first talked about traditional Art vs NFT art including what makes art popular, what is “traditional” art, and what is NFT art.
Point was then made that there is space and a separate market for both physical and digital art. There are also core differences for artists including traditional art often being more about the creation process as you can't cover up mistakes and instead have to learn to work with them. Whereas digital art is more about the finished product as it provides the ability to minutely edit layers and fix mistakes relatively easily.
Sharn and Andy then discussed famous NFT art, or their favourite NFT art. These included:
Azuki (Andys Favourite)
Beeple's Everydays: The First 5000 Days that was sold at Christie’s
Discussion then flowed on to where people can get/see NFT art:
displays in metaverse (Christie's/ Sotheby's)
main NFT market places
(Opensea - supports Ethierium, polygon and klaytin blockchains)
Rarity.tools - enables you to rarity rankings of NFTs (cyptopunks, bored ape yc, mutant ape yc)
They then talked about how people go about creating art NFTs:
Minting! In this context it means putting your image on a blockchain. Most of the marketplaces (like OpenSea) have their own process for minting.
“Lazy Minting” - The OpenSea collection manager allows creators to make NFTs without putting it on a blockchain straight away, to save users upfront gas fees. NFT is only properly minted oncel the first purchase or transfer is made.
When minting, users need to pay gas fees. The gas price of minting an NFT on any platform can fluctuate wildly depending on the market at the time. This fee is to cover the cost of servers across the world first needing to verify the nft, then distribute the data across multiple servers that run 24/7.
Then finally wrapped it up with a chat about how to buy an NFT art piece:
Need wallet (set up through services like metamask). The wallet enables you to buy an NFT and also stores it.
People could set up mini galleries of their purchases in a metaverse (dependant on file types etc).
You can find this podcast episode (and all our other episodes) here: https://anchor.fm/invokecreations , or directly on your favourite streaming services.
NOTE: Everything discussed during the podcast is simply our own interpretation of information we come across as we research topics, or is commentary based on our own personal experiences. We highly encourage everyone to conduct their own research into topics of interest as information, especially in the technical space, changes regularly.
Music track featured this week was titled Yellow Kick and can be viewed/listened to here: https://www.youtube.com/watch?v=w47KkBnyo_Y
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As always, we’re off to put our bums on seats and do some work, so until next time stay dangerous!