{"id":1292,"date":"2022-10-25T07:21:00","date_gmt":"2022-10-25T07:21:00","guid":{"rendered":"https:\/\/wise-women.eu\/?p=1292"},"modified":"2022-12-30T07:42:53","modified_gmt":"2022-12-30T07:42:53","slug":"danish-artist-mugaska-my-first-nft-an-exciting-trip-to-the-metaverse","status":"publish","type":"post","link":"https:\/\/wise-women.eu\/index.php\/2022\/10\/25\/danish-artist-mugaska-my-first-nft-an-exciting-trip-to-the-metaverse\/","title":{"rendered":"Danish artist Mugaska: my first NFT \u2013 an exciting trip to the Metaverse"},"content":{"rendered":"\n

Danish artist Joanna Mugford, or less formal Aska, in her blog post, admitted she had a big moral dilemma about joining the mad NFT kerfuffle.<\/strong> <\/p>\n\n\n\n

However, as recently my son was teasing me about my generation not understanding the metaverse\u2026. I had to do something\u2026 but what? Well, the only reasonable option was to dive into deep waters and mint an NFT. NFT? Mint? What is she talking about?? Don\u2019t worry, I was like this just a few months ago.<\/p>\n\n\n

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What is NFT?<\/strong><\/h3>\n\n\n\n

The best way to describe an NFT (non fungible token), is to think of it as a collection card just like football or Pokemon cards. The main difference is that they have only virtual forms and are impossible to fake it. It\u2019s the code behind the picture, which contains data about the author, date of creation etc, that makes it unique. If you try to fake it, by doing a print screen of it and making your own NFT, the picture will look the same, but the code will be different. In theory that is how artists can put a stamp on their work and protect themselves.<\/p>\n\n\n\n

When I first heard about NFT, I couldn\u2019t quite understand the whole point of it.\u00a0 Reading about NFT made me feel very confused in so many ways. Looking at what\u2019s listed on NFT markets, I felt out of context. What the h\u2026are people listing, but most importantly\u2026 what the h\u2026 are people buying and for 1000s of dollars!<\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

Environmental issue<\/strong><\/h3>\n\n\n\n

On top of that, there is a big environmental issue. Big virtual markets, where you trade with cryptocurrency can be very C02-heavy. The number of transactions and complicated procedures at times involve a lot of computer energy and storage, which requires big data centers. \u00a0<\/p>\n\n\n

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\"\"<\/figure>\n<\/div>\n\n\n

Greener alternative<\/strong><\/h3>\n\n\n\n

Fortunately, If you don\u2019t plan enormous collections of NFT, it\u2019s possible to mint it without huge environmental impact. For instance, the average Solana (SOL) transaction takes as much energy as 3 google searches. That\u2019s reasonable, right? <\/p>\n\n\n\n

Solana (SOL) is one of the cryptocurrencies. The mysterious virtual money that can hyper increase in value or suddenly turn into dust. That\u2019s why trading on metaverse markets is often compared to gambling rather than an investment. These markets are not regulated, which is stated at the bottom of adverts about cryptocurrency, just like the warning on the packets of cigarettes.<\/p>\n\n\n\n

Nevertheless, there is some hard-to-explain boom on the trading of NFTs. Is it going to continue or collapse? Nobody knows. However, it\u2019s for sure, that if you have one of those, people will want to hear all about it. In the end, it\u2019s something from the future\u2026<\/p>\n\n\n

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\"\"<\/figure>\n<\/div>\n\n\n

How did I mint my NFT?<\/strong><\/h3>\n\n\n\n

One of the markets that use SOL currency is Solsea, where I minted my NFT. I chose to animate a hedgehog from my Rainbow Animals collection. \u00a0<\/p>\n\n\n

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\"\"<\/figure>\n<\/div>\n\n\n

As soon as I created my animation, I couldn\u2019t wait to place it in the metaverse\u2026 After all it took me a few days to research and figure out the best way. First I needed to register with Solsea and that was easy. The next step was getting a virtual wallet for the SOL. There is a selection of wallets and not all of them work for every cryptocurrency. It\u2019s also important that the wallet is reasonably secure. Once you become a millionaire, you don\u2019t want to lose your greens\u2026.so it\u2019s best to have an offline wallet. \u00a0As I figured it was too early to worry about that, I choose an online wallet called Phantom.<\/p>\n\n\n

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\"\"<\/figure>\n<\/div>\n\n\n

Having an account on the NFT market and an empty wallet, I needed to get some crypto money. For that I used coinbase. It\u2019s a form of online currency exchange. Basically, you can use your debit card to buy dollars and then exchange them into SOL. I spent 5 dollars and got about 0,14 SOL. Still using coinbase, I transferred my crumbles of SOL into my virtual wallet. Boom! I was ready to mint.<\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

First time minting was a bit of a failure. My NFT turned out unverified and I couldn\u2019t change that. You need to ask Solsea for verification. However they verify only NFTs, which are a part of a collection. So I deleted my NFT, got my money back and created a collection called Rainbow Animals. Only then, I minted my NFT again, but this time inside the collection. Then I applied for verification. I researched earlier than verification is smoother if you upload a proof of making the NFT. So I uploaded a short video of me working on my animation. Easy peasy, I got verified within few days. <\/p>\n\n\n\n

What price?<\/strong><\/h3>\n\n\n\n

Oh, I forgot about the eternal dilemma \u2018 What P-R-I-C-E should I set? \u2026 It\u2019s always difficult to decide the price of your artworks. However in case of NFTs, it\u2019s a bit different. It is so, because apart from the base price, you also set a percentage of royalties on secondary sales. This way, you will profit from each future sale. And if maybe one day somebody will sell it for a million, you profit from it as well. It\u2019s a bit like musicians earning each time, somebody plays their song.\u00a0<\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

At last, here is a link to my NFT. If you check the history, you will see that it\u2019s already sold. Now let\u2019s wait for that millions ha ha<\/p>\n\n\n\n

Take a look at my NFT here<\/a><\/p>\n\n\n\n

Check out Rainbow Animals stickers<\/a><\/p>\n\n\n\n

Read more about NFT on The Verge<\/a><\/p>\n\n\n\n

**<\/p>\n\n\n\n

Joanna Mugford <\/strong>originally is from Poland but at the moment lives in Copenhagen with her lovely family and a dog. Joanna\u2018s art is telling stories about here and now, inspired by nature and the good side of life. As a minimalist, Joanna is driven towards sustainable use of art. She is a part of a female Art Collective in Art Escape Studio Copenhagen and participated in #WISE piloting workshops.   <\/p>\n","protected":false},"excerpt":{"rendered":"

Danish artist Joanna Mugford, or less formal Aska, in her blog post, admitted she had a big moral dilemma about joining the mad NFT kerfuffle.  However, as recently my son was teasing me about my…<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":1293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[12,11],"class_list":["post-1292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wise-women","tag-first-nft","tag-nft","odd"],"yoast_head":"\nDanish artist Mugaska: my first NFT \u2013 an exciting trip to the Metaverse - #WISE Women: Innovative, Successful, Empowered<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wise-women.eu\/index.php\/2022\/10\/25\/danish-artist-mugaska-my-first-nft-an-exciting-trip-to-the-metaverse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Danish artist Mugaska: my first NFT \u2013 an exciting trip to the Metaverse - 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