NFTs, Art, and the End of the World - Draftsmen S3E03

Get ready to jump into the Metaverse as Stan takes a deep dive into explaining NFTs to Marshall. Stan gives his overview of blockchain technology, why some people associate NFTs with a pyramid scheme, how others think it will revolutionize the digital art world, and what can be done to improve the space for artists and the environment.

DISCLAIMER: We are not registered investment advisers. Everything we say is our opinion alone. There are risks involved in investing in cryptocurrencies or in anything. None of the information presented here is intended as financial advice and should not be relied upon for investment decisions. Everything you’re going to hear is for informational and entertainment purposes only.


Topics:

00:00 - Intro
01:34 - Marshall guesses what NFTs are
04:43 - A brief summary
07:32 - What is the Blockchain?
11:34 - What is an NFT? What is a smart contract?
16:01 - Proof of Ownership
18:55 - Can a jpg be “unique”?
27:12 - What’s the appeal for artists?
29:54 - Environmental impact
34:18 - Characteristics of a pyramid scheme
54:24 - Issues with NFTs
01:02:00 - Analogy for Blockchain
01:06:09 - Changing Blockchain for the Better
01:10:02 - Do NFTs have Utility?
01:35:53 - NFTs and the Draftsmen Audience
01:43:54 - New Podcast?


Show Links (some contain affiliate links):

Ready Player One by Ernest Cline - https://amzn.to/3oOv0mv


Further reading on NFTs:

NFTs and Crypto Art - The Sky is not Falling - http://sterlingcrispin.blogspot.com/2...

NFTs and Physical Art - http://sterlingcrispin.blogspot.com/2...

NFT pyramid scheme -   / 1370579822213173248  

The Non-Fungible Token Bible - https://opensea.io/blog/guides/non-fu...

Tim Sweeney and the Metaverse - https://soundcloud.app.goo.gl/eP5M5



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#NFT #Blockchain #DigitalArt


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ABOUT DRAFTSMEN
Stan Prokopenko and Marshall Vandruff are art instructors. If you love the arts, particularly the craft of drawing and painting and image-making… and you want to level up your skills or even make a living with your skills, we are here to answer your questions. We’re here to offer you advice, refer you to our resources, share your love of the craft and maybe inspire you! Learn to Draw - http://www.proko.com Marshall Vandruff - http://www.marshallart.com. Subscribe to the podcast at http://bit.ly/DraftsmenPod

CREDITS:
Hosts - Stan Prokopenko (http://www.stanprokopenko.com), Marshall Vandruff (http://www.marshallart.com/)
Production Assistance - Alex Otis (  / alexotisillustration  , Charlie Nicholson (  / shloogorgh  )
Editing - Charlie Nicholson, Stan Prokopenko
Intro Animation - Cody Shank (http://codyshank.com/)
Intro Jingle - Tommy Rush (  / tommyrush  )
Music Used with Permission Intro - The Freak Fandango Orchestra