Season 1 Episode 1: Why Should Creatives Care About Crypto?
Kamilah and Nova discuss Web 3.0, cryptocurrency, the future of money, and how the creative industry should be brought up to date and educated about this.
The time is now. Creatives can be in control of what they do with their art, their finances – and these different advances and technology can serve them tremendously.
Crypto for Creatives is a resource to create a bridge between the creatives and the metaverse. Don’t get left behind – get educated and bridge the gap!
Creatives Nova and Kamilah and Their Crypto Stories
Nova learned about the cryptocurrency world in the early 2010’s – and missed that train. With NFTs, Nova intends to be on the train this time. She is taking the time to learn and understand the tech – and this show is all about helping other creatives learn, too.
Nova’s kids and their interests also have led her to see the new world of Web 3.0, the Metaverse, and how it will impact their lives.
Kamilah was in the financial services industry, has a close friend in IT, and loves gaming and innovative and sustainable tech. In 2016, as she learned about cryptocurrency she started to get involved.
What IS cryptocurrency?
Cryptocurrency is, “a digital or virtual currency that is secured by cryptography” making it difficult to counterfeit. It’s not issued by a central bank or government authority.
Fiat currency – what we use – is printed/produced money by governments who determine its value. Virtual currency’s value is user-determined and controlled.
Blockchain is akin to a Rubik’s cube that is where data is stored, encrypted (coded), and linked to other similar cubes of date. Once linked and encrypted they are very difficult to change and are transparent when it comes to oversite.
Blockchain goes beyond cryptocurrency, but also to tracking and transparency when it comes to fashion, for example.
NFTs – Non-fungible tokens are digital proof of ownership – which can be sold via blockchain to someone else – among other uses.
A decentralized network is spread out between servers and areas to spread the info and open the process to a broader audience.
Once the currency – Bitcoin, Ethereum, XRP, and the like – has been “mined”, like fiat currency (Dollars, Euros, etc) it can be exchanged for goods and services. The staying power of these new currencies will be largely dependent on the tech behind them.
NFTs and blockchain are tools creatives can make more and more use of going forward into Web 3.0, the Metaverse, and beyond.
Crypto for Creatives is here to help artists and creatives understand and take advantage of this new future.
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