Benefits and risks for artists interested in entering into crypto art.
Understanding terms of service in relation to buying and selling NFTs.
Understanding the risks related to buying and selling NFTs
Branding issues for artists.
‘Non-Fungible’ in laymen’s terms means a piece that cannot be swapped out for an equivalent value. Understand this: an Rs.2000 note can be swapped for four notes of Rs.500 or perhaps Twenty notes of Rs.100 making the Rs.2000 note a Fungible token. However, if Amitabh Bachchan were to put his autograph on the Rs. 2000 note, it would become impossible to swap at the same value. This makes it a Non Fungible Token. Like any other investment, an NFT’s value can increase or decrease in the future depending on the circumstances.
NFTs can be anything digital such as music, drawings, your heart downloaded and transformed into an AI. But a lot of the current NFT craze and nuance is around selling digital art as Pictures, Videos, or GIFs.
If you’re just jumping on the bandwagon of NFTs, here are 3 thumbprints of what you need to know because they are here to stay:
"NFT’s are built on blockchains"
"NFT’s have a controlled supply "
"NFT’s are digital receipts or signatures"
Join this interesting session and clear all your doubts related to NFT's and create a whole new perspective on NFT Markets
About The Speaker: Ganesh is an Experienced Entrepreneur and a Seasoned Digital Transformation Leader. He has demonstrated a history of turning around and scaling businesses online and offline. Ganesh is among the first wave of blockchain and crypto business owners in India and has built and scaled marketing operations across industries, multiple times in his career. He has been part of the founding team of four startups in the Internet and technology space. Ganesh Mentored, consulted, and advised multiple startups on growth and marketing in blockchain like Fibitpro, Vips Finstock, FibitNFT and so on.
