NFTs: Getting Started in New Digital Markets

NFTs seem to be everywhere now. NFT stands for non fungible tokens. The creation and exchange of NFTs has been revolutionary in many ways, particularly in terms of arts and services markets. For example, in the art market, NFTs use blockchain technology to allow for the secure transfer and proof that an original piece of digital art has been sold and is now in the possession of the buyer. It also allows for what we in art history may refer to as provenance of an artwork to be more carefully tracked. The benefits of blockchain is that it enables a global secure transfer of private smart contracts between parties that are stored on an open decentralized network. The result has exposed art market sales more openly and shifted the value of digital art drastically. In this workshop you will learn about rarity, royalties, and crypto wallets. We will look at some examples of the way NFTs are being used in different markets, but will focus most specifically on growing digital art markets. You will also learn how to set up your own crypto wallet, create your own NFT, and begin mining Ethereum, a popular crypto currency, which is used in the buying and selling of many NFT artworks and items. No prior knowledge or experience required. Any questions about this workshop can be emailed to [email protected].