NFTs (Non-Fungible Tokens) are the latest game-changer in the digital ecosystem. They allow for the creation, distribution, and collection of digital goods in a way that was not possible before. NFTs' unique characteristics are recorded on a decentralized blockchain, providing a new and exciting way for artists and content creators to monetize their work and for collectors to invest in unique digital assets.
Avid Learning and Hefty
Art present a full-day workshop to get you started on your NFT journey. The
workshop is structured in three parts. From authenticity to community building,
the lecture demonstration will introduce creators to the vast scope of NFTs. It
will be followed by a hands-on session, guiding through every step, from
opening a wallet to minting NFTs. Then the creatively diverse group of artists
will present their work and share their NFT journey, concluding with an
interactive session with the audience. The workshop provides the right balance
of technical know-how and practical application.
Workshop Highlights:
Introduction to Non-Fungible Tokens (NFTs): Scope for creators
Examples of creative NFT projects
Basic technology behind NFTs and how they work
Creating MetaMask wallet and unstoppable domain
Uploading artwork on open platforms, pricing, and smart contracts
Real-life use cases and the future of NFTs
Blog - Journeys of Separation - Recalling Stories of Partition
What are NFTs?
NFTs, or Non-Fungible Tokens, are a type of digital asset that use blockchain technology to verify their ownership and uniqueness. Unlike traditional cryptocurrencies, which are fungible and interchangeable, each NFT is unique and cannot be replicated. Since NFTs can be used to represent any type of unique asset, they have been used in a variety of contexts beyond art and collectibles. For example, NFTs have been used to represent virtual real estate in online games, music and concert tickets, and even tweets.
What is Blockchain technology?
Blockchain technology is a distributed
ledger system that allows multiple parties to record, verify, and share
transactions and data in a secure and transparent manner without the need for
intermediaries. The data on a blockchain is stored in a decentralized manner,
which means that no single entity has control over the network. This makes it
difficult for hackers to tamper with the data, as any changes made to one block
in the chain would be immediately visible to all other nodes in the network. It
has the potential to be used in a wide range of applications, including
finance, supply chain management, identity verification, and more.
What
is NFT minting?
It is the process of creating a new
Non-Fungible Token (NFT) on a blockchain network. It begins with the owner of
the digital asset uploading it on the NFT marketplace. Then they add metadata,
such as a description or title, to it. After that, parameters such as the
number of copies that can be made and the royalty percentage on future sales
are set. Then a unique token is created that represents ownership of the
digital asset. Once it is minted, it can be be bought, sold, and traded like
any other asset, with each transaction providing a permanent and tamper-proof
record. NFT minting has become increasingly popular in recent years, as
artists, musicians, and other creators have sought new ways to monetize their
digital works and engage with their fans.
What
are NFT drops?
NFT drop can take various forms, such as
a public sale, a private sale, an auction, or a combination of these. The
method of sale can be determined by the creators or owners of the NFT
collection and can depend on factors such as the size of the collection, the
level of demand, and the desired pricing strategy. They are highly anticipated
events in the NFT community, with collectors and investors eagerly waiting for
the chance to acquire new and unique digital assets. The success of an NFT drop
can depend on a variety of factors, including the popularity of the artist or
brand, the rarity and uniqueness of the NFTs, and the overall quality of the
collection. The term can be used interchangeably with "mint" or
"NFT project launch."
NFTs and Independent Artists
Through NFTs, independent artists can
sell their work directly to collectors, without relying on traditional
intermediaries like galleries or auction houses. If an NFT changes hands on the
secondary market, the artist receives a percentage of the sale price. They also
provide a new way for artists to interact with their fans and build a community
around their work.
Avid
Learning’s NFT Workshop
It is a great opportunity for artists who want to convert their digital art assets into NFTs, from setting up a wallet to listing on a marketplace, minting, and selling. The experts will also discuss the various use cases, applications, and expected future trends, providing a one-stop solution for all things NFT.