5 Ways Brands Can Level Up Their NFT Knowledge
N, F, T. Three letters that have taken over the headlines. You can’t understand the future of the internet as we head into the Web 3.0 era without understanding digital currencies and the means of value exchange. Enter NFTs, or as Elizabeth Strickler from Georgia State University says in her TEDx talk: The three letters that are changing digital experiences now.
NFT stands for “non-fungible token” It’s essentially a unique and non-interchangeable unit of data stored on a digital ledger such as a blockchain. You may have heard of forms of cryptocurrency like Bitcoin before. These are fungible tokens since one Bitcoin can be exchanged for another, just like one dollar can be exchanged for another dollar. NFTs, on the other hand, are not interchangeable, since each of them represents or links to a piece of digital media, whether that’s art, text, videos, or even bits of code.
NFTs are typically released in drops, where a limited number of digital media are made available on an NFT marketplace for purchase. If the artist or creator has done a good job promoting their drop, the available items will be sold in minutes and then resold again on the secondary market for even more than their original value.
Many brands have already made their first foray into the NFT world. Some of these brands are Gucci, Dolce & Gabbana, Stella Artois, The Economist, P&G, and many more. Beauty brands like Clinique, for example, launched their first NFTs with a focus on community and utility.
Athletes and stars are also entering the space at a record pace, from Martha Stewart to Snoop Dog, Lionel Messi and Lindsay Lohan, and Tom Brady.
Vogue Business captured it well. In a recent article, they mention NFTs evolving from being collectors’ items to include loyalty rewards and physical product perks, as brands find more purposeful brand uses of non-fungible tokens.
As NFTs evolve, so should a brand’s understanding of the role NFTs play in the metaverse. Here are 5 upcoming events that no brand can afford to miss as teams and executives start to educate themselves on what’s to come.
November 1-4, 2021 in New York
Republic Realm Academy
Registration Now Open - Classes Start February 1, 2022
Republic Realm Academy is a virtual educational institution with an immersive campus-like community designed to promote executive and continuing education about the metaverse, web 3.01, and NFTs. Courses are taught by multidisciplinary educators hailing from some of the most prestigious universities in the world alongside top industry professionals in web 3.0 technologies. After completing the coursework, students will earn a certificate in Metaverse Technologies and become a permanent part of the Republic Realm Academy alumni network. The Academy makes highly technical concepts easy to understand. Students get a limited edition Republic Realm Academy NFT Tuition Badge which is their key to admission for all events and exclusive Republic Realm content and access to the alumni network and career listings. The Academy is geared toward corporate executives looking to deepen their understanding of the metaverse and NFTs, investors interested in having a more thorough understanding of the economics and mechanics of the metaverse and NFTs, career changers looking for new skills and industry expertise in web 3.0, and university or graduate students looking to round out a more traditional education. Registration is open now, but spots are limited.
Miami Crypto Experience
November 10-12, 2021 in Miami
The Miami Crypto Experience is a must for anyone who wants to participate in interactive crypto workshops. Learn about the basics of crypto from trading and NFTs to DeFi and Bitcoin. Advanced workshops on automating DeFi and DeFi deep dives make this event for metaverse enthusiasts of all levels.
The Miami Crypto Experience also hosts speakers in person and in the metaverse. Tim Draper, also known as “the Riskmaster” will be delivering a keynote Q&A at the event dedicated to crypto and blockchain education and networking. He’s using PORTL to debut his StoryFile. Tim Draper was an early investor in PORTL and a Bitcoin devotee. Draper is doing more than giving the keynote. He’s launching StoryFile, an AI-powered interactive conversational video that allows people to interact with others displayed in 3D holographic form. Metaverse and in-person tickets are available online.
November 30, 2021 in Miami
Taking place in Miami right before the start of Art Basel, NFT BZL bills itself as a day-long symposium during Miami’s Art Week, featuring the men and women pushing forth progress in the Non-Fungible Token (NFT) world. The event seeks to give attendees the education, inspiration, and network to be part of the catalytic moment that is imminently approaching. NFT BZL takes place on Nov. 30 at the FTX Arena.
November 30 - December 1, 2021 in Miami
D Central is a convention on the future of finance and NFTs - that is, decentralized! At D Central, attendees will converge to celebrate art, fashion and creatives together with the future of finance. It’s the place to go to see the NFT creative community and the world of decentralized finance converge. Tickets are available online.
No Better Time To Level Up
If you wondered if NFTs were something you should learn about, wait no longer. These events, supported by industry experts and speakers from around the world show that NFTs are a legitimate business practice ready to be put into action. NFTs have a variety of use cases that will only continue to increase as time goes on. Attend these events, in person or in the metaverse, to learn how to apply them to your business today.Source