An Introduction to NFTs


We are right at the start of the NFT experience — its day one — and the explosion of NFTs onto the blockchain landscape has created skeptics and die-hard believers in the category overnight. 

Many are still sitting on the fence, unsure of the impact NFTs will have on society or if they should get involved. We all know there is something fundamentally wrong with the monetary and financial system globally. We don’t know how to fix it. We also understand that some digital currency will replace what we know as money.

Gen X, Y, and Z are way ahead of the understanding curve, and more are accepting the NFT idea. Why? Because for years, they have played games like Minecraft, where you exchange real money for gems or tools to give you an edge or kudos in the virtual game.

The crossover between reality and virtual worlds is becoming smaller, and soon VR (virtual reality) will be the world where millions live.

Enter NFTs

One of the most fundamental shifts in human consciousness where buying and owning virtual artwork or artifact adds to your status in the real world is mind-blowing.

As humans, we are programmed to send each other messages in the way we respond to our environment – by the things we wear, our food choices, the slogans we adopt, the causes we support, and the language we use every day. If this were not true, half of the companies on earth would not exist. Everything would be plain and grey. 

We communicate with each other through our purchases and how we spend our money.

NFTs in turn, will become a reflection of our belief system. They will mirror our often private behavior.

So what exactly is an NFT?

NFT stands for “non-fungible token,” Huh?? What does that mean?

Here is a comprehensive beginner’s guide from One37

Here is a short description: The best way to describe an NFT is that they are unique digital assets, existing in a mix of industries from digital art and gaming, sports and virtual real estate to collectibles, and many more. Any media can be minted or tokenized and turned into an NFT: art, trading cards, memes, gifs, video clips, audio clips, tweets, your grandmother’s cookie recipe — anything. 

An Introduction to NFTs 1

Once tokenized, these assets can be bought, sold, and traded on the open market using cryptocurrency. The staggering prices achieved recently are a testimony to this. Tokenization is simply the process of replacing sensitive data with unique identification symbols that retain all the essential information about the data without compromising its security. The nonsensitive, replacement information is called a token.

On Oshen.io, the world’s first and exclusive adventure and nature NFTs, the most extensive collection of extreme athletes and artists in sea, land, and air, from the depths of the ocean to the furthest galaxies, we are developing a platform to exhibit the art of exceptional people above the normal range of achievement.

Producing quality film and still image assets in extreme locations is expensive and not easily achieved without a good support team and budget. The use of boats, helicopters, drones, jet skis, and support crew is necessary to get the best shots. A qualified support crew is essential to get the best images at many extreme locations where the filming of the animals and athletes takes place.

As young man spearfishing, I had the pleasure of having Roger Horrocks as my dive partner as we completed “Marine Trek”, a 100km swim down the Mozambique coast. In the latest installment of RED’s Behind the Look: That Shot series, award-winning underwater cinematographer Roger discusses the importance of filming wildlife and how the stories and powerful imagery of #Netflix​’s #MyOctopusTeacher​ and #OurPlanet​ can impact the creators as well as the audience.

When you view these amazing videos and other artworks, you are both filled with awe and respect for the human species and their affinity for the bountiful planet Earth. On the blockchain, the human ethos is indelible. The assets have real values with existing buyer markets of television, print, digital media, and decorative artworks for display. NFTs add to their value.

Mitch Rankin

Mitch Rankin

Mitch Rankin is the Co-Founder of Forward Protocol, a technology company building open source blockchain tools to connect the Edtech sector. A devoted husband and father, he has passionately invested on education and blockchain. Focusing on helping solve UNESCO's Sustainable Development Goal 4 (SDG 4) of the 2030 Agenda, he supports the goal to “ensure inclusive and equitable quality education and promote lifelong learning opportunities for all”. His vision is to impact 1 billion people through a better education and learning experience by changing how the world learns. https://forwardprotocol.io.

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