To begin with, this is a slightly weird one!
Firstly, the weird doesn’t begin until the end. Until then, there is a lot of cool stuff for you to go through, read and learn from. But before we get into it- there’s been a lot of noise in the creative industries about NFT - Crypto art, let’s talk about it!
I’m not going to tell you what it is, by now I’m sure we’ve all heard about it unless you are Patrick from SpongeBob and you live under a rock. Patrick makes an appearance again, god! I love that show! Anyway, the reason these have been blowing up is that they leverage blockchain technology which means they are non-fungible i.e., they are unique and can’t be replaced, unlike many cryptocurrencies like Bitcoin, Doge, Ethereum etc. NFT’s can be anything from a tweet (Jack Dorsey put up his first tweet for sale), music, artwork etc. If you didn’t know this already, Beeple sold his artwork for about $69 Million Dollars as an NFT.
But why pay millions of dollars for something I can right-click and download? True, it’s all digital and you can download anything off the internet these days. But to compare with anything in the real art world, you can make multiple copies but there will only be one original. And an NFT will give you ownership of the artwork. NFTs will sure become a great tale of capitalism!
There’s a lot of chatter about other impacts of NFTs environmental, meme culture, prosperity, security and so much more. Hopefully, soon, more details will be unveiled to us!
This newsletter will talk about a lot more stuff, something very close to NFTs is a meme culture we are creating. As a fun aspect, we have included some ‘Meme Dealings’ as Elon says. Wow, this really made it into the final cut of the Newsletter!
Take a look, have fun and let us know if it made you giggle!