Eight NFT Artists Creating Their Own Vibrant Crypto Communities

• NFT is a tokenized digital asset. 
• It is based on blockchain technology but is different from cryptocurrencies with respect to tangibility. 
• Many NFT artists are nurturing and creating their own crypto communities for different purposes. 

NFT artists are going to create their own crypto communities for many reasons, from charity to their own good. Examples include Latasha, Claire Silver, Nadya, Iman Europe, etc. 

What Are NFTs (Non-Fungible Tokens)? 

NFT stands for Non-Fungible Token. These are assets that are tokenized via the blockchain. These are distinguished from other tokens by their unique identification codes and metadata. These are exchanged and traded for cryptocurrencies, money, or other NFTs. 

Cryptocurrency is also a form of token but the key difference between NFTs and cryptocurrencies is that cryptocurrencies from the same blockchain are interchangeable but two NFTs from the same blockchain, in spite of being identical, cannot be interchanged. These can be anything from sports highlights and collectibles like art to computer-generated avatars. 

The value of NFT is completely dependent on the demand for it. Certain gaming avatars or artwork have sold for millions but lost their value with time. Hence, not every NFT is appreciable in value. NFTs either have a fixed selling price or there is a need to bid for them in an auction. 

NFT Artists Creating Their Own Crypto Communities

Crypto has become a graveyard for abandoned group chats and there are eight crypto-native artists who came with their unique communities. 

1. Casey Reas: Reas is an American artist and UCLA professor who uses various software types as primary artistic tools. 
2. Claire Silver: Silver is a pseudonymous artist and a pioneer of AI-generated visual art used in creating moving images. 
3. Latasha: She is a musician and producer who gained recognition in the Web3 space. She is the founder of Zoratopia, which is an educational program with both digital and offline events to onboard artists into Web3. It is one of the most beginner-friendly communities in Web3. 
4. Nadya Tolokonnikova: Nadya is known as a founding member of Pussy Riot and an activist-turned-artist. Nadya was an early crypto adopter who launched several collections and put out individual NFT releases. She also co-organized UnicornDAO, which is a group of collectors, artists, and curators who aim to redistribute visibility and wealth. 
5. Iman Europe: He is a crypto-native musician and a lyricist. TheHomiesDAO is a wellness community that aims to support artists of Web3. The money from different mints goes to the Treasury. 
6. The Park: It is a collective of award-winning musicians based in LA. It hosts intimate jam sessions called “Fridays at The Park”. The mission of this is to bring musicians together. The park is experimenting with on-chain governance. 
7. Malcolm Levy: He is a multidisciplinary artist and curator. He founded the Refraction Festival in 2020, which later became a DAO. Refraction is a one-of-a-kind artistic collective that is run by artists themselves. 
8. Felt Zine: It is a New York-based artistic collective. It has facilitated a number of on-chain projects since early 2021. The role of community is shifting and lives have transitioned to a predominant digital presence post-pandemic.  

Conclusion 

NFTs are tokenized assets based on blockchain technology. Many NFT artists are nurturing and creating their own crypto communities for different purposes, such as uniting the different musicians and artists, or for the purpose of treasury, etc.