We are so inspired by high school student, FEWOCiOUS. Born and raised in Las Vegas, Nevada, FEWOCiOUS discovered the love of art in middle school. Using art as a way to process growing up and as an alternate form of journaling, FEWOCiOUS has become one of the most popular digital art creators. With multiple drops and a Sotheby's auction, more than $20 million has been sold in the past 12 months!
digital works of art in our library
families trust us with their memories
new masterpieces digitized every day
The World of NFTs Explained
Check back here for videos that capture and explain how NFTs work, their value and more. Here's one we love:
The ABCs of NFTs
– 1 –
What should I know about NFTs?
NFT stands for "non-fungible token," which basically means that it's one-of-a-kind. The most popular NFTs right now include artwork and music, but can also include videos, and yes, even tweets.
The only word we feel that is important to define is: “Fungibility.” It's a concept. Fungibility ultimately means equal (i.e. can be swapped interchangeably). A dollar bill is a perfect example — if you have a regular dollar, and I have a regular dollar, we could swap them and both receive $1 worth of candy at the local grocery store.
Concert tickets, by contrast, are "Non-fungible." A live Beatles concert ticket is not equal to a movie ticket to see Finding Nemo..
– 2 –
Why should I care about teaching my kids about Web3 and NFTs?
There is no better introduction to the world of WEB 3 than through NFTs: the intersection of art and computer science. Like learning languages in childhood, it's important to master a comfort with technology while young. NFTs are the underpinning of WEB 3 and the future of the internet, computers, and our digital footprint.
– 3 –
Is a photo or screenshot the same as an NFT?
You can take a photo of the Mona Lisa on your phone - but do you own the Mona Lisa? The real Mona Lisa has an authentication report buried deep in a vault at the Louvre. Let's call it the 'Identifier.' In contrast, the photo on your phone is missing an identifier. An NFT is a media file with an authentication report. In the not too distant future, only images, music, text, etc. with an authentication report will be online or able to be shared.
– 4 –
Why are my older children already interested in NFTs?
NFT technology essentially creates digital collectibles, and kids have been harnessing the tech to trade their own creations, create communities, and curate collections. In fact, the way the technology works isn’t too dissimilar to physical collectibles (like an original Picasso). NFTs make it possible for a single version of a digital item (image, text, photo, music recording, etc.) to exist in the digital realm.
Fun fact: the first ever tweet, was recently made into an NFT - a single line of text - and sold for nearly $3 million.