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4: Pictures of Apes with Tara Fung
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Why are people willing to pay so much for digital art? What role do communities play in the NFT space? How can you get started with NFTs?
In 2021, NFTs broke into the mainstream, and you can hear the term everywhere from critics and supporters alike. But what are they? And why do people pay millions for images someone else can right-click and save?
Today we’re joined by Tara Fung, Co-Founder and CEO of Co:Create, a new protocol that unlocks the potential of NFT communities and ecosystems. Coming from a FinTech background, Tara’s interest in crypto started when she saw the value created in alternative investments. After going down the blockchain rabbit hole, Tara recognized the massive potential that NFTs held for changing the future of brands, communities, and ownership.
In this episode, Tara shares what makes NFTs valuable, how NFTs can change the way we do everything, how Co:Create helps NFT projects and owners to go beyond the drop, why NFTs are so much more than art and PFPs, what to think about before investing in an NFT, and more.
Highlights
Welcome Tara Fung
Why NFTs piqued Tara’s interest
How Tara got comfortable with investing in crypto
What are NFTs and why are they valuable?
Understanding how minting works
The new monetization opportunities that NFTs offer to creators
Tara’s first NFT purchase
Supporting communities and projects by buying NFTs
How Co:Create helps successful NFT projects to scale
Creating value for the NFT ecosystem
Negative experiences in the NFT space
Tara’s vision for the future of the NFT community
Tara’s background in FinTech
Why Tara isn’t worried about volatility
How you can start getting involved in the NFT space
The connecting power of the community-based Web3 ecosystem
Key terms used in the show
NFT: Non-fungible tokens; An entry on a blockchain establishing who has ownership of a digital item.
Minting: The practice of issuing a unique item (digital or representing a real-world asset) as an NFT, by turning it into a digital token recorded on the blockchain.
PFP: Profile picture; the term typically is used for images that can be bought as part of an NFT series and used on social media profiles.
Definition source: https://www.gmw3.com/2022/02/web3-glossary/
Mentioned in this episode
World of Women https://worldofwomen.art/
Boss Beauties https://bossbeauties.com/
Azuki https://www.azuki.com/
Doodles https://doodles.app/
Connect with Tara Fung
Tara Fung on Twitter https://twitter.com/nonfungibletara
Co:Create’s Website https://www.usecocreate.io/
Co:Create on Twitter https://twitter.com/usecocreate
Connect with Eve Wealth DAO
Go from crypto-curious to crypto-confident with the DeFi Curious Course https://www.evewealth.com/defi-curious
Check out our social channels at @evewealthhq:
LinkedIn https://www.linkedin.com/company/eve-wealth-hq/
Instagram https://www.instagram.com/evewealthhq/
Twitter https://twitter.com/evewealthhq
Facebook https://www.facebook.com/evewealthhq
Eve Wealth Website https://www.evewealth.com/
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