KULTUR TKOs Issue #001- ART & CRYPTO- US$69M+ JPEG Sales non-fungible token ID 40913
NFTs: Protecting Digital Kultur Provenance on the Blockchain, till the next big EMP Blast?

KULTUR TKOs Issue #001- ART & CRYPTO- US$69M+ JPEG Sales non-fungible token ID 40913


Non-Fungible Tokens.

Your name lives on for eternity on a Distributed Public Ledger as the first to buy something , in this case listed first in the provenance record for a US $69M purchase of JPEG Art!

Yipee! I better get at it on GIMP!

In this #001 Issue of KULTUR TKOs, we take a first look at NFTs and their application the Art World, graphic art to be specific.

NFTs have been flying under the radar to a certain degree since CryptoKitties  popularity crashed ETH 1.0 a few years back, exposing the poor TPS of Ethereum for what it was back then, flattening the price curve for most cryptos in the ERC20 space for a few years.

Now, with a US $69M+ price tag attached, a world record for Graphic Art, it's worth checking in to understand what all the fuss is about NFTs these days.

The BIG Question: What really is an NFT anyway and Why should you care?

A few third party definitions and posts help., here is the "first fold" entry(coinbase), courtesy of StartPage Search engine for "Non-Fungible Tokens"+"NFT" (don't forget the quotes and plus sign, it makes a difference in all search engines, concatenation that is.. ;) )

Coinbase post on NFTS

Ok we have some 101 NFT info under our belts courtesy of Coinbase , now let's talk about NFTS in the broader cultural sense like:

Early/First whole recording from music artists with insider interviews

Industrial Signed First Draft  Digital Artwork a la DaVinci et al

Early CAD Designs of Break-thru Inventions.

Voiced over Poetry by original Author w/ accompanying vision and interview videos

Is there a market for the above and many other things? Me thinks yes where provenance is blockchain protected to eliminate chance of fakes and ensure the number of copies on the market never change via an eternal Smart Contract... 

Slideshow of Stuff

StatusQuo Auctioning vs NFT Kultur Objects 2.0 - Virtual NFT Auctions of Digital Assets to supplant Physical Auction houses?

It's already started, NFT, a current reality,  what is certain NFT will become more refined really fast, just like DEFI.

As to what's next, imo think Blockchain Protected NFT Graphic/Video Display/Play Gadgets coming soon...

The Linux Embedded guys will love that, as will those slaving in the IoT space (IOTA NFT RaspberryPi/WASP NFT derivatives anyone?)

The GADGET and KULTUR symbiosis is for me, quite clear in the NFT space.

Well, I will keep on the lookout and report more of these such events here in this series.

What's for sure is the value of all digital art protected with provenance via NFTs on a trusted public blockchain just went up, big time.

That's all for now, three series is all I can handle in parallel with the day job CRYPTO, KULTUR and GADGETS  :)

TK over and out

*****

 

 

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Thunderboltkid
Thunderboltkid

Thunderbolt Kid Observations Report with Insights for investors small & big. I educate, offer tips, forecasts re: tech & people drivers operating "under the hood" moving the crypto market. work @ OrcASTRA https://angel.co/u/r2 #SOVRINTown


Breaking the Small Wind Mold- Darwind5 Circa 2012
Breaking the Small Wind Mold- Darwind5 Circa 2012

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