https://paintedfoot.substack.com/p/nfts-just-why?fbclid=IwAR3jr9aalg9oqE5krNjxbpyxPKzHmKo-xKuYpnOy1RHVzPuS74NFZBYnQ1A
Future Shock 42: Big Mouth. New York, NY (2015) & Providence, RI (2014).
Hiya,
My name is Cat Laine. I’m a Rhode Island based multimedia artist who decided to go on a wild ride of experimentation with NFTs Fall 2021. I invite you to come along and follow my journey, mistakes, and hopefully successes as I dip my toes into Web 3.0 and the Metaverse.
Woman of Color 1-4. Woonsocket, RI (2021). The first four NFTs I minted on Opensea are digital illustrations based off a 2018 self-portrait series called “Color Experiments”.
But before we move on, let us begin at the beginning.
The mostly accurate, lay definition:
An NFT is a glorified proof of purchase and proof of provenance that gives the buyer ownership of a digital work and whatever other rights, utilities, or assets the NFT creator bundles along with it.
The slightly more technical definition:
An NFT, or non-fungible token, is a unique identifier stored on a blockchain, that aims to certify the authenticity and ownership of an asset, usually digital, and that may confer additional rights and/or access to additional assets or experiences. I say “aims to certify” because bad actors do occasionally try to create and sell NFTs for works that do not belong to them.
At the time of writing, the blockchain most commonly used to mint NFTs was Ethereum (ETH). Solana (SOL), Tezos (XTZ), and Polygon (MATIC) are far less popular, but these blockchains allow artists and collectors to get around the incredibly frustrating and equally maddening transaction fees currently associated with Ethereum. Solana and Tezos also have markedly lower carbon footprints.
A helpful video from CNBC on what NFTs are:
Iberu 0004 by Nigerian artist Shutabug, real name Alabi Mayowa (2021).
