It is 3:45 am. I am up editing Lesson 2 of my online course on non-fungible tokens. At this time in the morning, I can usually get at least 90 minutes of complete focus time.
As I edit Lesson 2, it occurs to me that I would like to share some of its information in my blog. So, let me know your thoughts in the comment section and subscribe to this website. It will help me out a lot.
Here are a few paragraphs taken from Lesson 2.
Lesson 2: Create an irresistible artistic NFT
Although blockchain technology is undeniably powerful, we know that not all artistic non-fungible tokens (NFTs) created on a blockchain between 2020 and 2022 hold value today. The key that unlocked this failure is not in the technology itself, but in the product. To truly succeed in this marketplace, you need to focus on crafting an irresistible artistic non-fungible token that fully leverages this robust technology. So, what makes an irresistible artistic NFT truly strong and valuable?
To create a STRONG IRRESISTIBLE ARTISTIC PRODUCT, you should focus on producing a piece that delights and holds value for your idea collector. You can discover what resonates with your audience through surveys, interviews, focus groups, and research into their preferences. For example, as a portrait artist aiming to serve music lovers with a unique drawing of their favorite musicians, I asked people from different generations one simple question: If you could own a unique drawing of any musician, who would be your top three choices?
If I could travel back in time and redo this exercise, I would focus just on millennials born between 1981 and 1996 because they are currently leading the charge in collecting artistic non-fungible tokens (NFTs). However, as this marketplace for artistic NFTs gain traction once again, the demographic for buyers will also change. To help you discover your targeted group, you can Google or ask AI what groups are leading in purchasing artistic NFTs. Once you find your targeted audience, you need to create a questionnaire to gather information regarding what type of art appeals to them. It may be portrait drawings, landscape paintings, sculptors, characters created for gaming, etc. Only our imagination is the limit. Your results from this exercise will give you an idea of which art piece to upload as a non-fungible token.
Keep in mind that understanding what an NFT art collector values most can boost your chance of offering something they truly cherish. When people love your work, they spread the word—and as they share their delight, your customer base grows!
Success to you all!
Traditional Art Meets Technology: Creating Art as a Digital Asset 