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Web3 Artist Shavonne Wong on the Future of NFTs

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Web3 Artist Shavonne Wong on the Future of NFTs

It was the beginning of 2020 and Shavonne Wong I was killing it as a fashion photographer. She has photographed for clients such as HBO and Vogue. She regularly appeared as a photographer on “Asia’s Next Top Model.” Forbes named her “30 Under 30”. At the time, she even said to herself: “You know, 2020 is going to be incredible.”

Suddenly fashion photo shoots stopped as you have to be in person to photograph models. “COVID hit and basically stole my thunder,” says Wong. But she had a lot of time on her hands, she became curious and started to venture into new formats. If she couldn’t photograph human models, she would create her own 3D models. Soon she became good at it. She continued practicing. So she became a master. She started selling them as NFTs.

Shavonne Wong will appear on the AI ​​Stage in Consensus 2024May 29th to 31st.

Now Wong is widely celebrated as one of the most creative, prolific, and influential Web3 artists in the space. The secret to his success? Wong truly believes in the underlying technology of blockchain and how it can open up possibilities for creatives. “The future will be digital,” says Wong. This core belief makes it easier to survive crypto’s disorderly prices. “As the market goes up and down, there’s this whole rollercoaster thing,” she says. “Having an eye on that horizon makes things less crazy.”

Ahead of Consensus, Wong shares how she embraced NFTs, why Web3 tools made her truly feel like an artist, and how the advent of AI inspires her to “create work that starts conversations.”

The interview has been condensed and lightly edited for clarity.

You’ve made a big shift from fashion photography to 3D art. How did you get this?

Shavonne Wong: Basically, I spent all of 2020 just watching online tutorials, learning how to use 3D software, and trying to figure out all the tools. At the end of 2020 I was in the “Okay, my models don’t look like shit anymore” phase. I started creating proofs of concept for my commercial clients. they. And that’s when I heard about NFTs.

What was your reaction at the time?

My husband told me about NFTs and I thought, “I don’t know what it is. It looks very technical. But let’s try some things, shall we? So I basically joined NFT Twitter around January 2021 and started checking things out, asking questions, following people. And I thought, “Okay, I’m going to do something.” So I created a piece, minted it and it sold. So I thought, “Okay, cool.” He created more pieces, they sold. I was like, “Oh, shit.”

What was the impact of this on you as an artist?

It was really cool because I felt like I was finally in a space where I was actually creating things for myself and meeting people who wanted that on the other side. This was really the beginning of me taking on the role of an artist.

Because when I took photography I never saw myself as an artist. I saw myself as a creative, a commercial creative, but I wasn’t making art for myself. I was working for clients and listening to their voices. So the NFT space was the first time I really had the chance to do anything I wanted and put it out there.

The best part is that I have to do this. The bad thing is that now it’s suddenly all a lot scarier because it’s 100% my voice, and that meant that when people didn’t like it, it was hard not to take it personally. But it’s been three incredible years since then.

How else have Web3 tools impacted you?

Firstly, it reduced barriers to entry. Suddenly this gave me access to a global audience for my work. As an artist, I definitely liked instant payments and technology. I’ve spoken to other creatives about this – where we come from business backgrounds – and the most stereotypical thing about most of us creative artists is that we suck at finance and we suck at accounting. We are bad with numbers in general.

I can relate! I still have invoices from two years ago.

That’s the thing. Like, when I was doing photography, I would be very happy with the work I was doing, I would come home and a month later the client would email me and say, “You didn’t send the invoice.” Now I’m really happy that there’s this whole smart contract thing and I just got the money. Like, ta-dah.

You’ve been in business long enough to see a bull market and a bear market, and you’ve seen the general reputation of NFTs change. How did you navigate that?

For me, first and foremost, it’s about believing in technology. For NFTs and blockchain in general, this is a solid technology, whether used in art or not. And I’m a big believer in a digital future, and I believe that art is generally representative of the times we live in. Because I believe we are entering a digital future, digital art makes a lot of sense when it has blockchain providing the provision for it. So because I have this belief, as the market goes up and down and does this whole roller coaster thing, keeping an eye on that horizon makes things less crazy.

You will join us at Consensus at AI Summit. As an artist, what do you think about AI?

I’m really excited about our future because I feel like we’re really heading towards a world where there are two different realities that are somehow the same reality, right? The digital reality we live in and then the physical reality we live in. And I believe AI will play an important role in this digital future.

Interesting. How exactly?

We are talking about digital characters. We’re talking about how AI will be a part of our emails. AI will be part of how we talk to each other. I don’t even know what these amazing tech wizards are creating, but as they create and I learn along the way, I can learn and use tools that help support the ideas and artwork I want to create. And I believe that in the future, everyone’s life will be filled with AI — sometimes not even consciously, but it will be the underlying layer in many things we are doing. I want to create work that talks about this future. I want to create work that starts conversations.

I can’t wait to see what you create. Thanks Shavonne, see you at the AI ​​Summit.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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NFTs

NFT Market Flourishes With 11.62% Surge This Week; Largest Ordinary Registration Hits Record 8 BTC – Bitcoin Markets and Prices News

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NFT market flourishes with an increase of 11.62% this week;  Largest Ordinal Enrollment Gets Record 8 BTC – Markets and Prices Bitcoin News

https://news.google.com/./articles/CBMifWh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9uZnQtbWFya2V0LWZsb3VyaXNoZXMtd2l0aC1hbi0xMS02Mi1yaXNlLXRoaXMtd2Vlay1sYXJnZXN0LW9yZGluYWwtaW5zY3JpcHRpb24tZmV0Y2hlcy1yZWNvcmQtOC1idGMv0gEA?hl=pt-BR&gl=BR&ceid=BR%3Aen

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Bitcoin.com Announces Launch of Verse Voyager NFTs with Exclusive Airdrop — Public Sale Begins April 24 – Press Release Bitcoin News

TokenTalk Staff

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Bitcoin.com Announces Launch of Verse Voyager NFTs with Exclusive Airdrop – Public Sale Starting April 24 – Bitcoin News Press Release

https://news.google.com/./articles/CBMigQFodHRwczovL25ld3MuYml0Y29pbi5jb20vYml0Y29pbi1jb20tYW5ub3VuY2VzLWxhdW5jaC1vZi12ZXJzZS12b3lhZ2VyLW5mdHMtd2l0aC1leGNsdXNpdmUtYWlyZHJvcC1wdWJsaWMtc2FsZS10by1zdGFydC1hcHJpbC0yNC_SAQA?hl=pt-BR&gl=BR&ceid=BR%3Aen

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Exploring NFT Royalties: New Mechanisms and Challenges

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Exploring NFT Royalties: New Mechanisms and Challenges



Timothy MoranoJune 27, 2024 11:30 AM

Learn about the innovative mechanisms and challenges of NFT royalties, including staking and claim rights, as proposed by a16z crypto.




According to a16z cryptoThe evolution of NFT royalties is a critical area of ​​focus as the NFT ecosystem continues to expand. The article delves into the pros and cons of existing royalty designs and presents two innovative approaches that leverage incentive mechanisms to encourage royalty payments.

Current Challenges in NFT Royalties

Creators are grappling with the complexities of enforcing royalties in the NFT space, often relying on blocklists and whitelists. These methods can stifle innovation and composability, leading to the need for more flexible and effective solutions.

Introducing staking mechanisms

One proposed mechanism involves integrating staking with the whitelisting model. Traditionally, creators manually add marketplaces or apps to their whitelists, which can be time-consuming and delay adoption. By introducing a staking model, new apps can add themselves to the whitelist by staking money or resources as a commitment to enforce royalties. If an app misbehaves, the creator can cut the stake and remove it from the whitelist.

This mechanism aims to simplify the process, making it more open and encouraging permissionless innovation on top of NFTs. However, it raises questions about slashing arbitrage, stake size, and how to aggregate stakes across multiple NFTs.

The Mechanism of the Right to Complaint

The second approach, known as “claiming rights,” introduces a new ownership model where each NFT has an asset owner and a title owner. If these two owners are different, the title owner can claim the NFT at any time. To avoid this risk, the asset owner can pay a title transfer fee to the creator, becoming the new title owner.

This mechanism incentivizes royalty payments without restricting composability. It also differentiates between sales and non-sales transfers, ensuring that royalties are paid during actual sales transactions.

Impact on markets

Marketplaces may need to adapt to these new models to ensure a positive user experience. For example, they could bundle the payment of the title transfer fee with the sale transaction, transferring ownership of the title to the buyer and ensuring that royalty payments are made.

Both mechanisms aim to balance the need for royalty enforcement with the desire for open, permissionless innovation in the NFT space. They offer new ways to ensure creators receive fair compensation without compromising the flexibility and composability that make NFTs so appealing.

Future considerations

Claims rights and staking mechanisms are not without challenges. For example, involving NFTs to circumvent royalties remains an issue. However, these models provide a framework to address such challenges and expand the design space for NFT royalties.

As the NFT ecosystem continues to grow, the industry must work collectively to develop and refine these royalty mechanisms. The goal is to preserve composability, maintain digital property rights, and ensure creators are fairly compensated for their work.

In conclusion, a16z crypto’s exploration of new NFT royalty mechanisms highlights ongoing efforts to innovate and address challenges faced by creators. As more use cases for NFTs emerge, these mechanisms could play a crucial role in shaping the future of digital ownership and compensation.

Image source: Shutterstock

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Gala Games Introduces NFT Tradability, Empowering Gamers Through Web3

TokenTalk Staff

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Gala Games Introduces Tradability of NFTs, Empowering Players Through Web3



Rebecca MoenJune 28, 2024 1:59 PM

Gala Games leverages Web3 to empower players with tradable NFTs, increasing player freedom and control through platforms like OpenSea.




Gala Games is revolutionizing the gaming industry by leveraging Web3 technology to empower players with true ownership of their in-game items. This innovative approach enables the tradability of in-game assets on secondary marketplaces like OpenSea, increasing player freedom and control.

Limited-time primary sales and secondary market dynamics

Gala Games’ primary item sales are often limited in supply and time, creating a sense of urgency and exclusivity. However, these items don’t disappear once the primary sales are complete. Thanks to secondary markets, players can continue to buy and sell these coveted assets. Platforms like OpenSea make this easier by allowing players to list and purchase Gala Games NFTs, providing access to items that are no longer available through primary sales.

GalaChain Bridge to Ethereum

Gala Games’ NFTs are initially minted on GalaChain for use in their game titles. These NFTs are designed for seamless interoperability and can be easily bridged to Ethereum, making them tradable on OpenSea and transferable via Ethereum wallets. This flexibility ensures that players can maximize the utility and value of their assets across different platforms and applications.

When players are ready to use a secondary market item in a game, they can bridge the Ethereum item to GalaChain via their Gala account using their connected Ethereum wallet. More details on how to connect an Ethereum wallet can be found here here.

A new era of player freedom and control

The traditional gaming model often locks players into a single title, especially when significant time and money has been invested in acquiring in-game assets. With Web3 ownership, this is no longer the case. Players now have the freedom to explore new games without losing their accumulated assets, even if they decide to leave a game behind entirely. This paradigm shift promotes player freedom and control, breaking the cycle of being entrenched in a single game and encouraging exploration within the gaming ecosystem.

Unlock Web3 Ownership

Gala Games is committed to transforming the gaming industry through the power of Web3. The tradability of in-game items is a cornerstone of this transformation, providing players with unprecedented freedom and control over their digital assets. By leveraging platforms like OpenSea and the interoperability of GalaChain and Ethereum, Gala Games is creating a vibrant and dynamic marketplace that empowers players like never before.

For more details, visit the official source.

Image source: Shutterstock

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