11 Reasons to Embrace NFTs, The BFF Community & The Charts
BanklessDAO Weekly NFT and Cryptoart Newsletter
Dear Bankless Nation, 🏴
We would like to begin this newsletter by applauding the great support that the crypto and NFT community are offering to the people suffering from the war in Ukraine, once again denying the idea of an environment made up of people blinded by mere profit and speculation.
In the future, Decentralized Arts will talk about the various humanitarian support projects that have taken place in recent weeks, and hope that the conflict will end as soon as possible.
This week we will be accompanied on our exploration by two longtime friends, Perchy and Tam Gryn, along with our frens in the BFF Community who are busy building the better world we all hope to live in.
Welcome to Decentralized Arts.
Contributors: BanklessDAO Writers Guild (Grendel, Kouros, Kaf, Tam Gryn, siddhearta)
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BanklessDAO Artist Showcase
🧑🎨 Artist: Perchy
🏦 Sale Type: Open edition
💰 Price: 0.033 ETH
Crypto charts are extremely volatile, don’t make very much sense, and are insanely interesting and captivating. This is the essence of what I wanted to capture in my fourth Bankless Location, The Charts. From the self-assured Technical Analysts, to the thrill seekers gearing up for a ride on the Leverage rocket, the charts are always full of action and DRAMA (with a possible exception during the relatively calm Crab Market periods). The euphoria of reaching a new peak is often followed by a swift and humbling downturn.
I am really happy to be back for another Bankless NFT showcase - the Bankless community is my home in the metaverse, and has encouraged and sustained me along this journey. I started this project nearly a year ago, not knowing where it was going to lead. It has since turned into the largest creative undertaking of my life so far.
The Bankless Locations are tied closely with my other NFT project, the Chippi. Chippi are characters that can be found all over the Bankless Locations (and you may have seen them around Discord as well). The Charts has eighty unique chippi - by far the most chippi of any Location so far. If you want to learn more about Chippi and Bankless Locations, I suggest checking out my roadmaps.
Oh, and no Chippi were harmed in this Location – only overleveraged portfolios.
Build the world you want to live in
We are living a revolution! The world is experiencing turbulent times, and it seems that the world economy is going to undergo enormous changes. Blockchain technology represents a paradigm shift in how the economy and human relations can work.
For hundreds of years, women have fought for equal rights, and those rights carry responsibility, which is why the BFF community aims to bring women and non-binary people closer to the crypto world. Women are building the world they want to live in.
The policies of the coming decades will be decided in the coming years. These policies must advance in social aspects so that in the future, no one feels excluded for any reason. Web3 does not understand gender, race, or belief.
The world of NFTs is full of collections of "crypto Bros", now it's time to BFF.
What is BFF?
BFF is a community whose mission is to help women and non-binary people to educate, connect, and reward themselves in the crypto space.
The project was born just two months ago, when the founder Brit Morin and the co-founder Jaime Schmidt, both successful businesswomen, decided to bring together a group of people, with different sensitivities, but with the same goal, to learn and undertake on blockchain.
They have more than 50 high-power leaders who actively contribute to the project. In addition to women with technical knowledge of blockchain, they are supported by celebrities like Gwyneth Paltrow, Mila Kunis, Tyra Banks, Rebecca Minkoff and also artists, entrepreneurs, and content creators. From the venture capital world, founding members include investors like Katie Stanton, Sarah Guo, Rebecca Kaden, Kara Nortman, Deena Shakir, Maaria Bajwa, and Haley Barna.
This does not mean that the project only accepts experts, any level of crypto knowledge is a good starting point. Watch their first meeting:
A very important part of BFF will be the educational component. But the advantage of having such a powerful and networked community is being able to connect people from all industries, whether they are investors, creators, authors or artists, and have them help each other to get projects off the ground.
Brit Morin realized years ago that only 5% of the people who were involved in cryptocurrencies were women. Currently, that number has increased to 20%, but if we really want equality, there are many things to do.
Aiming to attract more people into the community, BFF created its collection of NFTs Friendship Bracelets.
They airdropped the NFT friendship bracelet to more than 6000 people that participated in the community in the early days. They took charge of paying the gas fees, which cost them a fortune and is something that no one else has done. They decided to onboard people in an innovative and simple way.
The NFT bracelet will act as a 1/1 mint pass for the next PFP collection they are working on. "We plan to launch it at the end of March, it will be beautiful and vibrant." Recently the community has decided that their bracelets will not burn so they will have their own 'genesis' utility.
Many people have seen that this community has a lot of strength and talent and that is why, as you can see here, its floor price keeps increasing.
Web3 is a disruptive technology that will cover many aspects of our lives, which is why BFF is a necessary community!
While for most of the last century you only saw white-men in suits in great possition of power, today you can see women and non-binary people leading the world.BFF also wants to reward the Bankless community airdropping 50 NFT bracelets. To have the chance of winning one, please fill up this Tally form. You had to hold 35,000 BANK in the provided wallet on Sunday, March 6th at 11 AM UTC to be eligible for the raffle. The submissions to the form close on Friday March 18th, and then 50 addresses will be picked up randomly. Good luck!!
🌐 Curated NFT News
House of Kibaa to Bring NFTs to the Metaverse
House of Kibaa (HoK) , a subsidiary of Looking Glass Labs, has started a collaboration with Polygon Studios that will enable NFT collectors to display their NFTs in the metaverse.
Project Origin is the metaverse that HOK is planning to launch this year that will use Web2 and Web3 technologies to create a unique experience while participating in the community and bringing more utilities for NFTs.
This partnership will also boost other HOK’s projects, such as the trading card game Overlords or the live-action series GENZeroes, which will also have its own NFT collection.
These two projects are also connected to a third one, GenX. These NFTs will allow holders to battle in the GENZeroes game and be able to access exclusive content on the GenZeroes series.
As part of the deal, Polygon Studios will support HOK with marketing.
11 Reasons Why Artists Shouldn’t Be Afraid of NFTs
by Tam Gryn, Director of Fine Arts Partnerships at Rally.io
The art world was not built by those who followed the herd. From Van Gogh to Duchamp, artistic movements have reached their potential thanks to the few who had the vision to see swirls in a starry night, or cultural change in a urinal. NFTs are just the next step in a long line of putting creative potential and power in the hands of visionaries and allowing artists to own their output in a way that was never possible before. It may be tempting for artists to blanch at the idea of getting behind NFTs because of negative sentiment in the meme-sphere, but few artists have ever changed the world by worrying about what other people think. Here are 11 reasons (not just money!) why artists shouldn’t be afraid of NFTs:
Join the Crypto Crew - The art world can be snobbish, elitist and exclusionary. The crypto community, on the other hand, is built around sharing and connection. Enter most any Discord and ask a question. You will likely be welcomed with open arms. Walk into a gallery? Maybe not so much.
Be the First Block in the Chain - You. Not your gallery. Not your dealer. Not the curator. You call the shots. Value is determined by creators and collectors rather than dealers, curators, and advisers who have a vested interest in maintaining authority by limiting access.
Eternal Royalties - Current state of the art market: your work sells in a gallery to a collector for $10,000. You get 50%. You keep pushing your career forward and your work keeps increasing in value. Your collectors sell your work for 2x, 5x, 10x. Your piece disappears in storage and reappears in Christies for $10 million. How much do you get? Zero. With NFTs you create the piece and you control the royalties you receive for perpetuity.
Eco-friendly Options - Pick your blockchain. There are eco-friendly options such as Rally, Solana, etc.
New Tech Makes the World Go Round - Just like mirrors enhanced frescoes during the Renaissance and the printing press helped artists democratize their messages since the time of Gutenberg, NFTs will also help you distribute your work in a permissionless way.
Let’s Get Physical - NFTs are not exclusively used for digital art. They can also be used as certificates of authenticity for physical pieces and even the transactional smart contract itself. Three in one!
Challenge the Canvas - There are tons of cool ways to display NFTs in the physical world, from Infinite Objects to projection screens or holograms. Use your creativity! The sky's the limit.
Boldly Go - NFTs are reaching a whole new audience. That means new collectors. Crypto whales are the Medici’s of the current crypto Renaissance and they are actively investing in art that reflects their decentralized permissionless values. Lean into this new powerful demographic. They want to lean into you and support you.
Leverage Your Audience - You have spent countless unpaid hours on social media trying to build your community. Your art and content is valuable to them. Take the leap from followers to community. It's time to monetize together with your supporters and thank them with tokens for the time they spent liking you.
Connect to Community - Community is the key word for success in an NFT project. Anyone can create an NFT, but without community it falls flat. It’s a ton of pressure to create art and manage your hustle on Discord and Twitter. But you don't have to do it alone. NFTs help create a unique bond that can be the beginning of a collective with other artists who work together!
Be a Leader - You may get criticized by art world snobs for being at the vanguard. So what? So did the Impressionists, Duchamp, Warhol and pretty much anyone who mattered. Auction houses like Christie’s and Sotheby’s are already accepting ETH as payment and are no doubt watching the progress of NFTs like a hawk. They understand the power of this community and so should any artist who wants to be ahead of the game.
Understanding the ground rules of NFTs before they break into the mainstream will not only make you a pioneer, but will put you in peak position to take advantage as the market continues to grow. Every day more and more artists are seeing the potential for artistic autonomy and control over both your art, content and compensation through NFTs. True visionaries can see what’s next.
Call to Action
🎨 Participate in the NFT-Club channel: Share your passion for NFTs, your favorite collections, your favorite crypto artists!
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