Future of NFTs | NFT Design Course 2022

NFT fractionalization and financialization is another emerging trend right now. Let’s start with the first term.  NFTs, by design, are single tokens that only one person owns at a time; however, emerging tooling make it so that NFTs can be broken into fungible tokens that represent fractional ownership of the underlying NFT. Source One problem NFTs suffer from is lack of liquidity, especially on higher-priced cryptomedia like BAYC Apes. There are few people who can Read more…

Crypto Crowdfunding & IP-NFTs | NFT Design Course 2022

Mirror is a Web3 project revolutionizing the publishing space with “writing NFTs”. It’s perhaps best described as a blogging platform that allows creatives to mint their posts as cryptomedia (1 of 1 or limited edition) that can be sold in auctions or at a flat price. Additional functionality is built into Mirror, like “splits”. The publisher can specify other wallet addresses so that contributors automatically receive a cut of the cryptomedia’s sales. Source Mirror also Read more…

Web3 Monetization for Digital Creatives | NFT Design Course 2022

Cryptomedia presents a new, and better way, for artists to monetize their works. NFTs make digital files “collectible”, thus acting as a value-capture mechanism for digital art. This has enabled some digital creatives to earn a living from their work for the first time. Many believe cryptomedia has the power to revolutionize the music industry in particular. Music streaming is king these days, and large platforms like Spotify and Apple Music dominate. Artists are somewhat Read more…

Dynamic NFTs & Programmable Art | NFT Design Course 2022

While on the topic of innovative new art forms, let’s talk about “programmable art”. This is cryptomedia that is dynamic in appearance and can change over time. Changes can occur either autonomously based on factors like time of day, weather, and market prices, or from deliberate changes made by the owner of the programmable art. Source For example, a cryptomedia piece called Block 21 changes twice per day to reflect day and night. It consists Read more…

Generative Art NFTs | NFT Design Course 2022

The cryptomedia discussed so far is first produced by an artist, and then minted into an NFT. Thus, the media exists before the NFT is minted, and the NFT simply points to that media. Generative art is different in that the artist builds a computer script that generates art. The generative script itself exists as an NFT on the blockchain. Source Like PFPs, generative art typically exists as a collection. The script outputs similarly-themed cryptomedia; Read more…

PFP NFTs as Identity & Community Membership | NFT Design Course 2022

If one-of-a-kind cryptomedia enables digital art, then collections enable digital community. PFP (“profile picture”) collections are the most popular, and are composed of similarly-themed cartoon avatars. All the avatars together represent an internet collective, yet each avatar is unique in appearance from all others in the collection. Source Users signal their membership to the overall collective by owning an avatar, often setting the avatar as their social media profile picture (hence “PFP”). So the avatar Read more…

Rare NFTs & Marketplaces | NFT Design Course 2022

Source Perhaps the most obvious use-case for cryptomedia is one-of-a-kind digital art. Some cryptomedia artists have made millions selling their cryptomedia creations with top mentions including Beeple, Pak, TYLERXHOBBS, XCOPY, and others. Remember, cryptomedia encompasses all types of media and can range from static images, gifs, videos, 3D models, and blog posts. Source I personally like the audio + video combos by artists like Grimes and Fvckrender. Check it out with the link above. Source Some of the original Read more…

NFTs & Cryptomedia for Web3 Creatives | NFT Design Course 2022

Digital files are not scarce. We can duplicate digital files on our computer any number of times, or send them to thousands of friends, all with the click of a button, at no cost. There is great utility in this. Information transfer is instant and free, and the worldwide web acts as a public repository for all human knowledge. However, this poses a problem for digital creatives. Humans value scarcity making it difficult to earn Read more…

Cryptomedia and NFTs for Web3 Creatives | NFT Design Course 2022

This NFT Design Course will help product designers and digital creatives harness the power of cryptomedia and non-fungible tokens (NFTs). This course teaches you the fundamentals of what cryptomedia is, important NFT product categories, and emerging NFT trends. It’s totally free to read or watch. Introduction to Cryptomedia & Digital Scarcity Digital files are not scarce. We can duplicate digital files on our computer any number of times, or send them to thousands of friends, Read more…

DeFi 2.0 Protocol Design Trends 2022 | DeFi for UX Designers

This article will give UX Designers an understanding of emerging concepts in DeFi 2.0, like protocol controlled value and liquidity as a service. OlympusDAO is a great example of both of these. This is part of an overall Web3 Design Bootcamp that teaches UX Designers about Web3 concepts and design patterns so they can land a job in the rapidly merging field. We know that liquidity is important in all aspects of DeFi. Without tokens Read more…