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 Facebookā€™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 ā€˜non-fungible tokensā€™, 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 youā€™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
The Harvest
An anthropomorphic figure stands, wide eyed, staring at the viewer; its body masculine, muscular, and humanoid. Its ā€œmindā€ dissociates into a conglomerate of structures resembling feathers, grain, teethā€“as well as a radial flower ā€œnodeā€, casting linear rays throughout the composition. To his left, a vat of bodies gesture and writhe in a kind of amniotic soup, attended by a video game robot. The bot's red display reads ā€œuWuā€. Behind the robot and filling the left side of the composition is an archaic figure composed of a variety of vintage objects and symbols. Among them are a hardbound book with ancient cuneiform scripts, indicating barley, beer, bread, ox, house, and sky, behind which is a grimacing, salivating jagged toothed maw; and an old Commodore floppy drive. The figureā€™s head tilts toward an illuminated crescent moon, suggesting the Egyptian Sacred Bull. The archaic figure is composed of a variety of mutating cells, which shift in color, and pattern; eventually breaking free into an ephemeral broadcast of bubbles which move across the background. The work came into being against a psychological introspection, which included associations to pop culture such as alien abduction and pod people, as well as quite a bit of reflection on grains as a symbol of civilization, agriculture, sustenance, life, and imbibing (mainly whiskies).
BTC POWER
BTC POWER
Inner fountain
I'm connected to an infinite source of creative energy. Digital painting - Gif
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By OthersideDeployer
Kitty Oldlace Gen 3
Good day! I'm Kitty Oldlace Gen 3. I want to live in a world where people believe the world is flat. I once dreamed of being a Dispensary Clerk. Now I can be found volunteering at the local kitten rescue shelter all day. Can you make my petulant dreams come true?