NFTs: A Practical Guide to Building Digital Assets Within the Art Ecosystem

Technology and Innovation
Creativity
Workshops / Masterclass
Saturday, 11th March 2023
From 10:00am to 4:00pm (IST)
1500

Details

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


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Faculty

Harshit Agrawal

Harshit Agrawal

Artificial Intelligence and New Media Artist

Harshit Agrawal is an artist working with artificial intelligence and emerging technologies. A graduate of the MIT Media Lab and IIT Guwahati, his work has been nominated twice and shortlisted for the top tech art prize, the Lumen Prize. He did India’s first solo show of AI Art in 2021 and was the only Indian artist at the first global group exhibition of AI Art at a contemporary gallery in 2018. His work is part of the permanent collection of the largest computer science museum in the world, and has shown at group shows at the India Habitat Center (India), Asia Culture Center (Korea), Ars Electronica (Austria), Museum of Tomorrow (Brazil) among others.

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Kanishq Chhabria

Kanishq Chhabria

Co-Founder Hefty Art, Blockchain & NFT enthusiast and investor

Kanishq is the 25-year-old co-founder of Hefty, a venture focused on bringing Art, Gaming and Entertainment related NFTs to the forefront. He currently leads Hefty Art from the front. Hefty Art is working to bring contemporary Artists to the blockchain starting with legends such as MF Husain, while also allowing lesser-known Artists a legitimate platform to sell their works on. Their first sale will be a one of one auction for MF Husain’s Fury. Kanishq is also a CFA Level 3 candidate who has previously worked in Wealth Management, a world he gladly gave up to enter the burgeoning NFT space with the intrinsic understanding that it is full of noise and to succeed one must deliver real value and utility to their community. He enjoys trading stocks and crypto in his spare time. Within the Web 3.0 space, he is fascinated by the opportunities offered by De-Fi and is a proponent for a decentralised future.

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Santanu Hazarika

Santanu Hazarika

Multidisciplinary Visual Artist

Santanu Hazarika Hailing from the state of Assam, Santanu Hazarika is a multidisciplinary autodidact visual artist based in Mumbai. He dropped out of engineering to become the first ever Redbull World Doodle Art Champion in 2014 and in the short span of a few years, Santanu has built a substantial roster of clients and collaborators such as Red Bull International, Adidas, Reebok, Harper’s, Dust of Gods, Chivas, Dewars, NDTV, Ministry of Culture, Gully Gang, Azadi records, Ritviz, Nucleya, Major Lazer and hip-hop artists Raftaar, Divine among many others. He is also one of the pioneers of the NFT revolution in India, with his collaborative NFT with Ritviz selling as one of the fastest NFTs ever sold, in a record time of 37 secs. As somebody who has worked across mediums and styles, Santanu’s creativity has extended to a variety of projects including designing and illustrating murals for some of the biggest brand showrooms, collaborating with fashion labels, defining visual identities for musicians and albums, redefining sneaker culture & sneaker art, and elevating the idea of art cars. From displaying and curating art across the world to conducting workshops in the heart of Siberia, Santanu is the perfect example of a self-taught, independent artist.

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Tejas Nair

Tejas Nair

Culture Entrepreneur and New Media Artist

Tejas is a culture entrepreneur & new media artist, building brands, community-led projects as well as festivals with a keen focus on the creative use of technology. As a co-founder at Vorlds, he is building a creator-focussed metaverse platform that makes virtual social experiences & web3 more accessible for creatives & communities. His work as Spryk is widely acclaimed and has led to him touring extensively across the region performing DJ sets & live Audio-Visual performances at iconic venues and music festivals such as Magnetic Fields, Vh1 Supersonic, Boiler Room & more.

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Collaborations

Hefty Art
Hefty Art


Blog

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.

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