- Making and Selling NFTs - cult luxury
- Creating NFT
- if physicial artwork, the creator has to decide how the artwork is structured
- are the digital and physical versions both separate unique artworks?
- is the physical artwork an add on to the nft?
- you can take a video of you destroying the physical art and put it as an add on
- Add ons
- you can have blog posts, pictures, videos, etc as extra unlockable content when selling an nft. This can be a good idea when you are trying to create a story with your art
- Where to sell
- Two types of marketplaces: curated and open
- Curated (Nifty Gateway) has an application process to become a creator. Once you post an NFT, you cannot post that same NFT twice.
- Nifty Gateway also allows users to just buy and sell with a credit card or crypto.
- Nifty is exclusive and has a great aesthetic.
- Nifty has been known to be hacked in the past.
- Can only withdraw to a gemini account or a USD bank account.
- Takes 5% of sale price.
- money earned goes into your Nifty account, and then you have to pay gasfees to withdraw
- Open (OpenSea) allows you to quickly mint nfts without gas fees, and is the biggest marketplace for NFTs.
- no gas fees aside from opening your account initially
- can buy nfts from opensea on nifty gateway
- instantly make account
- can bundle nfts
- crypto earned goes directly to your wallet
- How to sell
- get eth funds on metamask wallet (most tutorials and people use this)
- simply mint nft, can select how many there are in the collection
- extra unlockables can be linked when posting the nft
- Brand/Marketing
- Can make an nft portfolio website (most marketplaces have)
- gifting to celebrities on opensea
- only list some of the collection of your nft for public bid, then transfer the remaining to the celebrity
- Connect the NFTs to cult luxury directly
- HIGH FASHION/mystery
- “the mind behind cult luxury”
- Physical fine art venturing through a new digital space
- First season scarfs
- website - dark theme
- payment
- $500 for website
- %5 per nft sale
- $20 per hour
- split between me and priyank
- Action items for Liam
- Writeup for artist bio
- Writeup for brand proposition (mission statement and vision, how are we going to achieve this vision)
- Who is in charge of minting and managing NFTs
- SWOT analysis for the entire team to understand vision
- What NFTs to sell and when to sell them
- Send pictures of scarves to Krish
- Action items for Krish/Priyank
- get nft.cultluxury.com - Krish
- once we receive pictures, create design and select colour theme for the website - priyank
- once we receive vision, start creating plan for potential videos (anon style) - krish
- once we figure out how NFT portfolio management will work, take care of that - priyank
- Read full vision and brand proposition for understanding