Article number six of a series of blog posts. As a heads up, I don’t claim to be an expert, I don’t have a Fidenza, nor a Bored Ape and at that I’m not a Cool Cat. I am a market participant who has been in a handful of discord servers, minted many cool NFTs, engaged with numerous artists, etc. At the end of the day, I identify as an artist, a designer, and somewhat of a marketer.
It’s through these lenses that I intend to shine some light on artists, developers and creators to provide some insight or behind the scenes into how their journey has been so far. Through learning from each other, by trial and error, I believe we can create an even better space for years to come.
I was first introduced to Bitcoin in 2017 as was a way to buy certain illicit products online in an inconspicuous manner . Computers were always an interest of mine, but not one that I persued or went a great deal to learn more about than what I already knew knew or picked up from my peers. I discovered a few years later that one of my friends was mining bitcoin and I was curious to learn more. For those that don't know, mining Bitcoin means having a computer running all the time, 24/7, crunching numbers to secure the Bitcoin network. As a reward for the computer’s hard work, you earn Bitcoin.
The following years changed my life forever… I learned that Bitcoin was much more than a simple passive income stream. Bitcoin, and the various other cryptos it inspired, are unlocking a new sector of financial possibilities. From a worldwide decentralized store of value, to the next generation of community building, cryptocurrency is quickly transforming the internet as we know it. And you, reading this right now, are standing at ground zero! It's hard to know what the future of NFTs will hold.
Over the next few years, we’re going to watch the internet transform from a web of information, to a web of ownership. Your research is the key to unlocking its opportunities while we’re still early. The next generation of internet ownership allows you, and the creators you follow, to create an entirely new economy around content. The decentralized network of global money has a lot to offer. Opportunities range from APY earned on interest, to turning the creator revenue model upside down. Current creator revenue models rely on ad revenue from the platform their content lives on and collaborations with companies.
With the new opportunities crypto has, anyone on the internet can raise funds directly from their biggest fans and give major benefits directly to them with no middlemen.
Many creators that do this offer a limited supply of their digital assets. So as the creator gains popularity, the demand for their rare digital asset goes up. Collectors receive benefits directly from creators they love while the price of the asset they bought has the chance to go up in price. This means collectors benefit directly as the creator they love gains popularity. Investing in individual creators and platforms means you can turn your expertise in a niche subject into tangible investments.
Think of it this way… All social media platforms rely on user generated content. Every time you post on Facebook and Instagram, your content is contributing to their ability to capture consumer attention. Shouldn’t you be better compensated for the content you create?
Crypto offers the solution for creators to be compensated in a fair way, where they get to retain the value. It offers the same thing for collectors, because the creator’s success gets passed onto the collectors.
The opportunities the crypto landscape offers are so revolutionary, new opportunities are being created everyday, and many of the world changing ideas haven’t been implemented, or even thought of yet…
At the time of writing, Whatsapp has the most users of any app in the world. Whatsapp was created in 2009, 44 years after the first email was sent. It takes time for technology to be created & adopted. It often happens slowly, then suddenly.
We can imagine the apps in the cryptocurrency ecosystem being like the first email being sent, or the Zippo app, that made the iPhone seem so cool and revolutionary in 2008.
In other words, it’s hard to imagine what will be possible in the crypto ecosystem, because the tech is so new. The networks need time to mature and become more robust. The developers need time to create complex apps, All we need is patience and a keen ear to innovation in the space.
The opportunities crypto has to offer are. The largest cryptocurrency at the moment is Bitcoin, and the second largest cryptocurrency is Ethereum. These two are the leading runners in the game and I'll offer more information about these in later articles and a few other examples to spark your imagination and help you find areas of crypto you’d like to learn more about.
Let me know what you think about this as I hoping this helped someone in their journey through the world of NFT's. If you would like me to cover a specific topic or area as part of this personal challenge , please let me know. I think it would help others and, of course, I would love to link out to you!
If you’ve enjoyed this, feel free check out my website Prince of Cavan Creations or to follow me on the social medias, where I can be found under @princeofcavan. As always, let me know your thoughts!
Posts
No comments:
Post a Comment