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NFTs: Redefining Art Like Never Before

Last month, we looked at metaverse. Today, I am excited to share a bit about NFTs. NFT - stands for non-fungible token.

The rise of blockchain technology gave power to cryptocurrencies but also brought a new form of Digital Artwork - which became popular by the term NFT. NFT essentially means an asset which is not divisible. For eg. A dollar is divisible into cents. But a piece of art is not divisible into in the same manner - hence the term non-fungible. A dollar bill - is a store of value - similarly a piece of art is a store of value - because it can be sold and monetized. However the difference here is fungibility.

So, what are NFT’s ?

Non Fungible Tokens are a set of pictures, videos, audios, posters, etc., that are embedded in the blockchain. Their cryptographic hash(a code) is recorded in the blockchain and these assets are stored in a protocol called an inter-planetary file system. They can be sold, purchased and stored. To store NFTs, you need a wallet like Metamask.

NFTs are so popular that even when the bitcoin and major cryptocurrency sales plummeted after November 2021, they did fine. Further with the advent of blockchain gaming, the demand for NFTs has been rising. From metaverses to virtual land, NFTs are getting their due attention everywhere.

Where to buy NFTs?

NFTs can be easily bought through popular NFT marketplaces like OpenSea and Rarible. All you need is to create a wallet like Metamask, Trust, Coinbase, etc. Visit those marketplaces and buy NFTs using Ether(Ethereum) or any other cryptocurrency that an NFT marketplace supports. Let us have a look at one such NFT.

Beeple’s Everydays: The First 5000 Days

Starting from 2007, Mike Winklemann created one artwork every day. He finished it in 2021. The NFT artwork got sold for over $69 Million making it the one of the most expensive NFT.

Further, there are many other popular NFT collections such as Cryptopunks, Bored Ape Yacht Club, etc that are worth millions of dollars. You can see them all by visiting an NFT marketplace like Opensea.

Can you earn money through NFTs ?

Earning money through NFTs is not that hard. All you need is a creative idea and a marketing strategy. NFTs are sold based on their rarity. All you need is to create good digital art and sell it at reasonable prices. You can use premium tools like Adobe Photoshop, Adobe Illustrator, NightCafe, Twisted Brush Pro Studio, etc. Further, with growing competition, marketing becomes very essential in an industry that has an estimated market size of $40 Billion according to Bloomberg. So be ready to advertise your artwork as much as possible.

NFT - beyond static media

In the early stages of NFT development during 2018 and 2019 NFTs were primarily static files that had images, audio and video files embedded in them. Lately, many other applications have become popular such as Metaverses, Games, and Virtual Lands. Sandbox is one such popular platform.

Sandbox: It is a virtual land where users can buy and sell land in the form of NFTs. It is listed on opensea and the prices range from $600(approx) to $4.3 million(Republic Realms). Many popular companies like Ubisoft, BAYC, ATARI etc., have purchased lands in the sandbox.

With the new Blockchain vertical - GlobalVox is getting into the exciting space of NFT’s, Crypto’s and Metaverse.

Leo’s Roar by Leo

Spring! At least that’s what it feels like here in Virginia. The time for to shed the dark cold days of winter for warm rejuvenating sunny days … and rain showers. No more snow! At least I hope so. And heralding the change in weather, Dean and I have shed our wrist braces and are both fit for duty. It’s great to have use of all of my paws!

And so, with a big smile on my face, Greetings! And welcome to another installment of my thoughts on life. Today, I want to review my New Year’s resolutions. I recommend you do the same. And Continue the March.

CHARLIE MIKE

Clearly, my father’s barked encouragement, CHARLIE MIKE (Continue the March in lion-speak) remains the byword for 2022. Even as the global pandemic subsides, new challenges abound. Think the Russian invasion of Ukraine, China’s posturing on Taiwan, and the issues along India’s border with China. Not to mention the disruption of global supply chains and its direct impact on our daily lives. A lot of stuff on our plate, for sure. But there’s always hope. Spring is the perfect time to focus on renewal and the triumph of good over evil. And to celebrate Holi!

New Year’s Resolutions

Which brings me to my review of my New Year’s Resolutions for 2022. Remember way back in December when I resolved that in the new year I was going to focus on 10 things: Exercise, Diet, Skills, Certifications, Family, Friends, Co-workers, Community, Nation, and the World.

Exercise, Diet, Skills, Certifications

The first 4 resolutions deal with my self-improvement. And I haven’t done very well. I used the excuse of a sore paw to not exercise, eat comfort foods, and put off learning news skills and achieving new certifications. Not a smart move. I can kick myself, but that doesn’t change anything. It’s not time to feel bad. Rather, it’s time to re-dedicate myself to my goals and CHARLIE MIKE. You can see where this is going. Don’t feel sorry for yourself. Do something positive. I will. More next month.

Family, Friends, Co-workers

I actually haven’t done too bad here. I’ve made a determined effort to stay connected with my family and friends, even though they are spread all over the world. I call and text regularly … and I enjoy FaceTime and Zoom calls where I can see my family and friends’ smiling faces. It’s not a substitute for meeting face-to-face, but it’s a step in the right direction. Oh … I’m going to two wedding this year. One in California and one in Scotland. Dean’s youngest son and daughter are both getting married this year! And I’ll there! Pictures dancing with the bride … and bridesmaids!

Community, Nation, World

This is a hard one. I’m still grappling with how to be a better citizen. Yes, I vote and help when I can (donations to charity, etc.). But I’m frustrated that I’m just a small voice among many. I need to do more. This is where you Global Voxers can help me. How are you involved with the community? How do you help your neighbors? I’m going to ask Payal to gather your stories for next month.

We’ll catch up on my New Year’s resolutions next month (and yours). In the meantime, as Kunalsinh says, ““Be Safe, Work Hard, Eat Well, Sleep Tight”. I will!

Bye for now … Leo

GV Family Wishes You

Happy Birthday

Parth Chokshi

15th March

Parth has completed his MCA from department of computer science Rollwalla, Gujarat University. He has started his career with GlobalVox since 1.2 yrs. Parth is fond of watching anime and playing badminton.

Richa Parikh

21st March

Richa has completed her Bachelors in IT from Ahmedabad Institute of Technology. She is been part of GlobalVox since 10 months and she has total 4.5 yrs of experience. Richa is a Zoophilist.

Vasu Navadiya

30th March

Vasu is pursuing his Bachelors in Computer Engineering from Dharamsinh Desai University, Nadiad. He is a young aspirant who recently have been a part of GlobalVox. Vasu is fascinated about reading articles related to science & technology, drawing and playing virtual games.

Enjoy

Holiday

18th March- Holi

About

Holi - The Carnival of Colors

An ancient Hindu festival, Holi heralds the arrival of spring after winter. It signifies the victory of good over evil and is celebrated as a day of spreading happiness and love. Holi later became popular among non-Hindu communities as well.

According to Bhagvata Purana, King Hiranyakashipu--the king of demonic Asuras, who could neither be killed by a man or an animal--grew arrogant and demanded that everybody should worship him as god. The king's son, Prahlada, disagreed and chose to remain devoted to Vishnu. Hiranyakashipu was infuriated and subjected his son to cruel punishments. Finally, Holika, the king's sister, tricked him into sitting on a pyre with her. While Holika protected herself with a cloak, Prahlada remained exposed. As the fire blazed, the cloak flew from Holika's body and encased Prahlada, thus saving his life. Later, Vishnu appeared in the avatar of Narsimha, half man and half lion, and killed the king. This is why Holi begins with the Holika bonfire, which marks the end of evil.

Holi celebrations start on the night before Holi with Holika Dahan, where people perform rituals in front of a bonfire, praying for their inner evil to be destroyed, just as Holika was killed in fire. The carnival of colours begins the next morning, where people come out on the streets to play with colours, and drench each other in coloured water through water guns or balloons.

Another story linked with Holi is about Krishna’s love for Radha. Krishna’s skin was dark blue because a demoness had tried to poison him when he was a baby, and Krishna was worried that Radha wouldn’t like him because of his appearance. His mother, Yashoda, playfully suggested that he smear some brightly coloured powder on Radha’s face. After Krishna did this, Radha fell in love with him.

Since then, the colouring of Radha’s face came to be Holi. This is the main reason for celebrating Holi - The Carnival of Colors

A comfort zone is a beautiful place, but nothing ever grows there.

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