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NFTs allow Northern artists direct access to global market

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McBryan creates the digital tokens on a free program on his phone. He said fans through his former television appearances and YouTube presence suggest which aircrafts to mint next. Natalie Pressman/NNSL photo

Non-fungible tokens (NFTs) SA国际影视传媒 digital assets SA国际影视传媒 have been receiving attention in recent months for the millions of dollars investors are spending on , , and other crypto-art.

An NFT is a piece of digital artwork minted on blockchain and sold over dozens of online marketplaces in cryptocurrencies, such as Ether and Bitcoin.

With investors and art collectors worldwide taking notice, Melaw Nakehk'o said NFTs are an opportunity for Northern artists to access global audiences remotely without the need for art dealers. Anyone with computer access and some basic programs can create NFTs, Nakehk'o said.

SA国际影视传媒淲e don't need to be in a bigger centre to get in a gallery to start actually making a living,SA国际影视传媒 she said.

NakehkSA国际影视传媒檕 is creating a collective of Dene digital artists to merge their skills of art, music, animation and digital rendering to collaborate on creating NFTs on the blockchain marketplace .

The collective approach, NakehkSA国际影视传媒檕 said, not only brings artistsSA国际影视传媒 skill sets together, it also helps to build a relationship with investors by regularly creating NFTs and engaging with loyal collectors.

The blockchain SA国际影视传媒 a shared, decentralized ledger SA国际影视传媒 maintains records of assets as they exchange hands. As NFTs are bought and sold, original artists are granted royalties.

Those royalties, NakehkSA国际影视传媒檕 said, are a perk of the digital marketplace compared to a physical piece of art, which can be bought and resold many times over with artists only earning revenue on their one-time original sale while middle men see huge profits.

SA国际影视传媒淚t's shifting power from how things have been traditionally done with galleries and art dealers and it's really opening up for artists like us up here,SA国际影视传媒 she said. SA国际影视传媒淚t's very exciting. Nothing like this has happened in the art world since like the '80s.SA国际影视传媒

Mikey McBryan, Buffalo Airways general manager and former cast member of TV show Ice Pilots, compared the current NFT landscape to the early days of YouTube. While the market may seem intimidating in its infancy, SA国际影视传媒渋n three or four years this will be a completely viable way for someone to to make a living,SA国际影视传媒 he predicted.

SA国际影视传媒淧eople can actually make money at home,SA国际影视传媒 McBryan said, SA国际影视传媒渨hich is better for Northerners because we don't have access to everything that people have down south.SA国际影视传媒

He has been selling NFTs of his own in recent weeks. He plans to create 250 pixel-art airplanes as part of his selling on SA国际影视传媒 a popular NFT marketplace. He has so far released about half of his crypto-fleet and earned nearly $1,000 on the digital planes.

Mikey McBryan is selling an Avro Lancaster NFT for 0.073 ETH or $193. The proceeds will be donated to the Canadian Warplane Heritage Museum. Google Screengrab.

A yellow North American Harvard is McBryanSA国际影视传媒檚 to date. He donated the $160 raised to the , an Ontario aviation museum that owns the aircraft after which the NFT is modelled.

A token of the Avro Lancaster, a Canadian-built plane famous for its contribution to the Second World War effort, is or $193. McBryan plans to donate the proceeds to the , which owns one of the two Lancasters still in flying condition.

McBryan designs the tokens on a free program on his phone. He said fans from his former TV fame and his suggest planes for him to create.

McBryan creates the digital tokens on a free program on his phone. He said fans through his former television appearances and YouTube presence suggest which aircrafts to mint next. Natalie Pressman/NNSL photo

Though he has never involved himself in blockchain investments before, McBryan said NFTs are SA国际影视传媒渁 way for normal people to interact with cryptocurrency.SA国际影视传媒

Still, he said there are some barriers to entry. The biggest are minting and gas fees SA国际影视传媒 a charge users pay for the computing energy required to process and validate transactions on blockchain. Gas fees fluctuate depending on platform and time of day.

Putting money into something as volatile and shrouded in uncertainty as blockchain is SA国际影视传媒渓ike taking a leap,SA国际影视传媒 McBryan acknowledged. If artists can take that jump, he predicted NFTs will be huge in remote places like the North.

SA国际影视传媒淚t is a way for artists to now reach the world without the intermediary of art collectors and galleries.SA国际影视传媒

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