21/12/2021 What Are NFTs? Mapping the NFT Ecosystem [Infographic]

As we look towards the next generation of digital connection, all news types of connectivity, and utility, are emerging, which will provide more ways for creators to expand their horizons and build direct connection with consumers, fans, fellow artists and more.

The biggest longer-term shift in this respect is the metaverse, which Facebook made a major focus with itscorporate name change back in October, sparking a whole new push towards this next digital plain. Yet, even before Facebook’s announcement, the seeds of the next connection platform were being sown, with a growing number of investors, advisors and evangelists touting the promise of decentralization, and the opportunities that technologies like cryptocurrency, Blockchain-based ledgers and AR/VR will facilitate in the next stage of development.

The most public-facing element of this, at least right now, is NFTs, or ‘non-fungible tokens’, which can be applied to a broad range of products and services, and but are most notably being linked to digital art, and in particular, digital profile pictures on social networks (PFPs).

The NFT movement has now become a key growth aspect of the broader social media space, and while there are many skeptics, and many questions about the long-term viability, and value, of these digital art works, the growth of NFTs is undeniable, withTwitter,InstagramandFacebookall exploring new ways to directly integrate NFT art and ownership into their apps.

If you’re still struggling to get your head around the NFT space, this infographic is for you. The team fromVisual Capitalistrecently teamed up withNext Decentrumto provide thisoverview of NFTsand the emerging online art space.

It could provide some valuable perspective for your planning, especially given the emergence of digital contracts and ownership.

Overview of NFTs and the new creator ecosystem
Arts

https://www.socialmediatoday.com/news/what-are-nfts-mapping-the-nft-ecosystem-infographic/611832/

Interesting NFTs
Hope
CONGRATS!
#60092
By OthersideDeployer
Traffic
Traffic explores a crossroads between the metaverse & reality through organized chaos. The complexity of this aural / visual landscape demanded over 200 hours of design time between Slimesunday & 3LAU. Every detail of this piece was built from scratch, from the reflective puddled pavement to the stabbing synthesis of the song. We think we'll be spending a lot more time in the metaverse in the future, don't you?
Chorgas, Eater Of All
Hey cutie! I'm Chorgas, Eater Of All. In high school, I was voted most likely to work at NASA. My secret indulgence is hamburgers. I can't wait to wake you up at 4am for seemingly no reason.
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.