Please read on to learn more about NFTs, why I think they are interesting and how you can claim one of these pieces for your collection.
latest page revision 1/31/22
NFTs are currently minting
Why Cardano and not Ethereum?
This is a tricky question and really both have pros and cons. First, let’s start with the basics. Currently, NFTs can be bought and sold on 100s of different Cryptos but the two biggest Cryptocurrencies in this space are Ethereum and Cardano. Each with their own NFT format commonly referred to as NFT and CNFT respectively.
Open Source & Decentralized
Both coins are open source Developed & Decentralized which is what you would like to see in Cryptocurrency projects.
Proof of Work vs Proof of Stake
Ethereum is Proof of Work verification which means every transaction has to be verified against the entire block chain which is energy intensive and expensive in fees (gas).
Cardano is Proof of Stake which means users pool their wallets together to create a voting system to verify transactions (known as a Stake Pool). This means less energy and fees for the users.
Coin Burns
Ethereum Burns coins as it is an infinite supply coin while Cardano does not as Cardano is a fixed supply coin with a set market cap of 45 Billion ADA. Personally, I prefer fixed cap cryptocurrencies.
Market Saturation
Ethereum NFT market is pretty pumped right now with lots of copy cat projects and heavy fees for consumers. Cardano market is still to be tapped and more friendly to the consumer (i.e. more bang for your buck).
NFT vs CNFT
NFTs are NFTs and there are plans to interconnect the different NFT backed currencies. CNFT is simply a distinction to let the user know that this NFT originated in the Cardano blockchain.
FAQs
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On the surface, it may feel that way. In the larger perspective, you are taking part in something bigger by investing in blockchain technology. A NFT is a Digital Asset that is intrinsically linked to all other Assets on the blockchain via Cryptocurrency. Because Cryptocurrency has real world value, so does your NFT.
You’re also taking part in the larger community and Cryptocurrency ecosystem by owning NFTs. Show them off with pride and watch how new applications for your NFTs evolve in the coming years. -
There are always bad actors in any new space but we can’t let this fear stop ourselves from taking part in this technology. That’s why I encourage artists to start moving to this space sooner than later so that they can control their artistic narrative. Here are things you can do to protect yourself and your work.
First, be careful what quality of image you display online. If you are posting large files in public places, art theft can and will happen. It’s always better to export a lower quality JPEG for Social Medias and portfolio websites.Second, discovering these people and calling them out to your community is crucial. It costs money to mint a NFT on the blockchain. If you can call out a bad actor before they make too many sales, they will be out on money. Furthermore, the works they mint will have unauthentic Metadata when compared to your Originals which will decrease the counterfeit art’s value over time.
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I don’t currently have Patreon and don’t plan on it for the moment. While the Patreon model does work for many artists, it hasn’t clicked for me. I’m not outputting enough work at the frequency needed to maintain a healthy Patreon.
People seem to view Patreon as an honest way to support artists in spite of NFTs. It’s important to understand that Patreon is planning on moving to support NFTs and a Cryptocurrency backed token in the next year or two. I feel that by diving straight into managing and learning about NFTs myself that I am getting ahead of the game. -
Good question. The main point of utility I can offer directly from my NFTs is the ability to verify ownership and redeem them for signed, physical prints. If you would like to learn more about, please visit Request a Print
I would of course like to add more Utility, like rewards to holders of Alkme NFTs or donations to worthy causes. But that may come in due time.
For now, I would suggest to join my Discord as I am building a community around Art Collectors and plan on doing giveaways to supporters there.
Let’s grow this community together
Gain early access to NFT Sales at Market prices, Giveaways and Collectors Only discussions
Earn 4-6% Annually by Staking the Cardano in your Self-Managed Wallet
One of the biggest benefits of taking part in the Cardano’s Proof of Stake network (without directly buying NFTs) via your Self-Managed Wallet is called Staking. If you plan to take part in the Cardano community, I would highly suggest you leverage your Cardano in this way.
No Lock Up Periods
Full control of your delegated funds
Cash out Anytime
Transparency: I Stake with DAD - a stake pool that donates a % of earnings to charity
Please feel free to contact me if you have any questions