• 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
        • 10-15 percent royalty
      • 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
        • timeline/schedule
      • 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