Upgrade to Pro — share decks privately, control downloads, hide ads and more …

AfDC Artists and Creatives Collective Primer

AfDC Artists and Creatives Collective Primer

The Afro-Dinar Collective (AFDC) is a mastermind group of Afro-crypto- enthusiasts focused on equipping students with the knowledge, skills, and resources necessary to thrive in the new- age decentralized finance (DeFi) ecosystem.

Avatar for Afro-Dinar Collective

Afro-Dinar Collective

March 10, 2021

Other Decks in Education

Transcript

  1. Artists and Creatives Primer Tokenizing creativity. How to build presence

    and equity in the crypto-art space. 01 A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  2. 02 AFDC "Compared to the traditional art market dominated by

    collectors, auction houses, corporate investors, and institutional red-tape the decentralized art market is the perfect system for artists looking to circumvent intermediaries by directly monetizing and showcasing their work to a global audience whilst having full ownership and use rights over their creations In this 2-day course module, you will be introduced to practical strategies of participating in the decentralized art market as an artist/collector/investor. With up to $128M worth of art sales to date, the crypto-art market represents the next stage for artists and collectors to build long-term wealth, equity and legacy." A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  3. Table of Contents What is DeFi - The Transition Definition

    of Key Terms DeFi Market Size The Crypto Art Size Non-Fungible Tokens NFT Market Places and Platforms Top 10 Crypto Artists Success Stories Creating Your Own NFTs Why use NFTs as an Artists NFT Marketing and Promotion The Blueprint: Managing, Protecting and Growing Your Crypto Assets 03 A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  4. 05 Blockchain refers to the technology that allows people to

    create cryptocurrency and tokens (digital representations of physical/non-physical assets/structures). Popular blockchains include the Bitcoin Blockchain, Ethereum Network, Binance Smart Chain (BSC). Cryptocurrency in simple terms refers to the monetary use of tokens made within a blockchain network. Popular examples of cryptocurrency include Ether (ETH), Litecoin (LTC), and Bitcoin (BTC). A token represents programmable digital assets managed by a smart contract within a blockchain network. Non-fungible Token (NFT) refers to a token that represents a unique, non-duplicative version of a particular asset (picture, song, property deed) as well as the proof of ownership of that asset. Bitcoin refers to the cryptocurrency mined and managed by the Bitcoin Network Blockchain - a collection of miners that run the Bitcoin Core network software. Each miner (computer) uses processing power in solving an increasingly complex puzzle. In turn, miners receive rewards (Bitcoins) for completing these puzzles and processing transactions (transfers) on the network. Fun fact: $100 worth of Bitcoin in 2008 would be worth approximately $48M today. Tokenization: The process of creating digital representations of physical and non-physical assets on a blockchain network. Tokens represent property and can be traded between buyers and sellers. Key Terms A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  5. The impact of the 2007-2008 global financial crisis has led

    to the gradual restructuring of the world’s financial ecosystem. After the release of the Bitcoin whitepaper - One of the structures that evolved from this event is the DeFi ecosystem. DeFi represents the latest iteration in a global experiment to create an open-source, transparent decentralized financial ecosystem. As open-system democratizing access and ownership, DeFi presents us with the opportunity to participate in economic frameworks that were once reserved for the upper echelon of society. In the case of the art market, this means, there are now near zero barriers of entry into showcasing art on a global level. Moreover, artists can now exert sovereignty over their creations without the need for a middleman (art galleries, agencies, etc). The Transition 06 A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  6. 07 Source: www.defiprime.com A presentation by The AfroDinar Collective www.afrodinar.com

    https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  7. DeFi Market Size 08 Source: https://defipulse.com A presentation by The

    AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  8. Crypto Art Market Size 09 Source: https://cryptoart.io/data A presentation by

    The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  9. Non-Fungible Tokens (NFTs) An Artists' Perspective 10 Non-fungible tokens are

    digital representations of real-world/virtual assets that are unique and non- exchangeable. These tokens are popularly represented as ERC-721 tokens on the Ethereum blockchain. No two NFTs are ever the same, and each has its own characteristics, qualities, and properties. Within the artistic and creative space, NFTs are used to create unique digital versions of art/music as collectibles and offer innovative ways of interacting with fans/audiences. NFTs enable artists to release original, authentic, and programmable digital content. A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  10. 11 NFT Marketplaces & Platforms A presentation by The AfroDinar

    Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  11. 12 Top 10 Crypto Artists A presentation by The AfroDinar

    Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  12. Beeple is an industry-recognized digital artist particularly known for his

    work with popular hip-hop artists like Eminem and Nicki Minaj. In the crypto art space, Beeple is the creator behind the most expensive catalog of artwork to date known as “THE COMPLETE MF COLLECTION,” which features 20 unique art pieces. Beeple "The Most Popular Crypto Artist" 13 A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  13. A total of 10 artworks, produced in collaboration with Grimes’

    brother Mac Boucher, were sold at an auction, which was branded WarNymph Collection Vol 1. Two of the works, short video pieces called Earth and Mars, were made available as limiteded editions at a fixed price of $7,500 (£5,400), and each sold about 300 copies in the 48 hours they were on sale. GRIMES' NFT auction netted over $6 million. 14 Success Stories GRIMES Audio-Visual NFTs A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  14. In December 2020, Deadmau5 sold 6,000 collectables as NFTs with

    a collective value estimated at $96,940 18-year-old FEWOCiOUS in collaboration with RTFKT released a set of collectible sneakers on Nifty Gateway; the drop, titled "FEWO WORLD Open Edition," included three physical sneakers that each correspond with a digital NFT. The NFT collaboration drop generated over $3 million in sales. Similar Scenarios Musician and producer Justin Blau aka 3LAU, sold an NFT collection for $11.6 million via an online auction between February 25-28. To celebrate the three-year anniversary of his album Ultraviolet, Blau sold 33 NFTs as part of the Ultraviolet Vinyl NFT Collection 15 Tory Lanez dropped three tracks – including one from his forthcoming ‘80s-themed album – as 450 non-fungible tokens (NFTs) in collaboration with Bondly.Finance. A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  15. Creating Your Own NFTs 16 Art is viewable and accessible

    to all. Blockchain technology breaks the mold by enabling artists to create scarcity thereby making their work collectible A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  16. Download a Web3 compatible browser like Brave or Chrome Download

    Metamask Wallet , create an account and backup your private keys. OWN A CRYPTO WALLET OWN A DECENTRALIZED IDENTITY ALWAYS backup your wallets private keys and never share them with anyone! You lose your assets/funds when you lose your keys. BACKUP YOUR PRIVATE KEYS SETUP AN OPENSEA STOREFRONT Baby Steps Purchase an Unstoppable Domain and Decentraland Avatar in your name and likeness Link your .crypto domain to your wallet address. 17 Setup an OpenSea storefront to showcase your tokenized artistic creations. Setting up a Crypto Presence The world of decentralized finance affords us a novel layer of flexibility, privacy, and sovereignty over our identity, assets, and activities. The first step is to create an anonymous decentralized wallet that you can use to interface with dapps in the metaverse. This forms the core of your identity. To add an additional layer of protection we recommend you utilize Protonmail an end-to-end encrypted email service founded in 2013 in Geneva, Switzerland by scientists who spent time at the CERN research facility. A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  17. CREATE A RARIBLE ACCOUNT CREATE A COLLECTION UPLOAD YOUR ART

    Go to https://rarible.com/create and begin minting your NFTs. Decide if its a 1 of 1 or limited edition collectible. Setting Up on Rarible You can upload JPG, PNG, GIF, WEBP, MP4 or an MP3 file. Either chose the default RARI collection or create a new one. 18 A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  18. Setting Up an OpenSea Storefront Go to https://opensea.io/ and connect

    your metamask wallet. CONNECT YOUR WALLET OPEN A STOREFRONT Upload your art pieces , set commissions and program other terms of sale. UPLOAD YOUR CREATIONS Create a collection. 20 A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  19. Mint "Charged Particles" CONNECT YOUR WALLET MINT A PARTICLE Go

    to charged.fi and connect your metamask wallet. Upload your content, insert a description and set terms of sale 21 Combining NFTs with Interest Bearing Crypto Tokens A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  20. Why Use NFTs as an Artist Control the Way You

    Monetize your Creativity Artists are able to own their content rights, sell tokenized versions of their art directly to collectors/fans and set terms of sale such as secondary market commissions, and royalty payments. Traceability Tokenizing and creating unique versions of artistic content on a blockchain network enable artists to track and prove the provenance (authenticity) of their tokenized content. Unique Fanbase Engagement NFTs act as a medium for fans to engage artists/creators on a personal level and vice-versa. Creators can offer incentives or perks ranging from access to signed versions of artwork, artist-fan collaborations, live show perks, one-on-one artist time, signed vinyl albums, collectible artist merchandise, unreleased music/art. 22 A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  21. One of One Versions One of ones are unique one

    of a kind NFTs. Their value is based on the intrinsic qualities of the content in question. As one-of-a-kinds these type of NFTs. this is usually subjective. Limited Editions Editioned NFTs are capped at a specific number of original versions. For example, an artist can chose to mint only 20 copies of an art-piece. Limited versions are a brilliant way of increasing market penetration and stimulating secondary market sales. 23 NFT Minting Styles A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  22. Social Media Presence Leveraging PR and Influencers Brainstorm on how

    to implement your NFT drop in the most relevant and engaging way possible. Engage your target audience through social media networks such as Facebook, Twitter, Medium, Reddit, and Clubhouse Hosting Ask-Me-Anything sessions and organizing short discussions with other influencers in the artistic/crypto space enable you to highlight your NFT idea and spread awareness on your NFT drop. Combine these sessions with crypto related incentives and rewards to strengthen engagement with your audience 24 NFT Ideation NFT Promotion & Marketing A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  23. Managing, Protecting & Growing Crypto Earnings in DeFI Purchase a

    hardware wallet to securely protect and store your earnings and high-value collectibles. COLD STORAGE Receive updates from the Afro-Dinar team on various high growth tokens/cryptocurrencies to dollar cost average. DOLLAR COST AVERAGING Join the Afro-Dinar Mastermind Group and work with the team in setting up a comprehensive passive income strategy for steadily growing your earnings. STAKING AND YIELD FARMING Join the Afro-Dinar Mastermind Group in building and growing a diverse crypto-portfolio. CRYPTO TRADING 25 A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  24. JOIN THE AFRODINAR COLLECTIVE BOOK A CONSULTATION EXECUTE Conclusion Visit

    www.afrodinar.com and signup for our classes or book a consultation Schedule a 1 HR consultation with our crypto-advisory team to begin your journey to building equity within the crypto-space. Consistently practice all that you learn. Remember we're always here to help you along your journey. 26 A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/
  25. The Afro-Dinar Collective (AfDC)is a master-mind collective of African crypto-

    enthusiasts focused on equipping clients with the knowledge, skills, and resources necessary to thrive in the new- age decentralized finance (DeFi) ecosystem. 27 A presentation by The AfroDinar Collective www.afrodinar.com https://twitter.com/AfroDinar https://www.instagram.com/afrodinar/