Our exploration of how NFTs apply to CG artists continues with esteemed NYU Stern professor, David Yermack, an expert in cryptocurrency.
But don’t worry, you don’t need a finance background to understand this. David breaks down key concepts behind NFTs in the most accessible way possible, so you can figure out how they factor in your world. We get into issues of ownership, the value of digital copies and how NFTs are enabling CG artists to finally become part of the gallery system.
Links:
Courses on Digital Currency & Blockchains >
Paper on Digital Currencies, Decentralized Ledgers, and the Future of Central Banking >
Chapters:
04:47 When David got started in the cryptocurrency world
11:55 How DeFi works and the start of Bitcoin
14:55 What is a token?
16:27 The difference between fungible and non-fungible tokens
18:53 Why NFTs are popular with the art community
22:40 How an NFT keeps its authenticity
24:44 Other uses for NFTs
29:07 Ethereum explained
33:21 How smart contracts can benefit the art world
40:40 Gas and carbon footprints
46:57 What’s new in Ethereum 2.0
49:55 NFTs and other digital assets
52:41 Decentraland MANA explained and fantasy gaming’s currency
55:52 Advice and resources for NFTs