First ever Essence Tech Summit In 2022 Essence Cultural Festival Featuring stunning conversations presented by AT & T Dream In Black, It delved into the topic of NFTs and how important it is for more creatives and creators to participate by recognizing this new technology as the future of ownership.
Talk to Angela Basker BuildingAT & T Vice President of Corporate Systems, Grammy Award-winning Entertainer Ashanti Her frank talk about her journey in technology made her the first black female artist to co-found a Web3 company.
“I think it’s very important for us as a culture to be conscious of technology,” she said. “Technology moves very fast and connects the entire planet. And being a co-founder and co-owner of a Web3 company as a black woman is a very honorable and humble experience. When you think about technology … you I don’t think I’m going into this field so deeply because I think I’m a man, so I’m glad we’re breaking down the barriers and owning as black women [in that space]..
Ashanti also analyzed why she believes that a complete understanding of how NFTs work is important not only to creators, but to the general black community as well.
“It’s important and essential for me to understand the difference between owning and transferring your intellectual property. Therefore, given Instagram, Facebook, Snapchat, etc., these dance, beauty tutorials, Others are being checked when coming up with a make-up tutorial, “she added. “But in a Web3 company, you own your intellectual property, and that’s the difference. So I’m in a vessel to explain and inform people that I own your creativity. I want to be. “
In the second half of the conversation, the model and the poet Evony Davis He emphasized the irreplaceable value of being able to connect directly with the viewer.
“Imagine doing all the work to build this follower and making that audience inaccessible again if this app shuts down. [indefinitely]”Therefore, NFTs bring our community directly to us and give us the opportunity to contact them directly, and we don’t appreciate art very much,” she said. You can also sell it directly to the community instead of letting people consume it. “
Graduated from Bethoon Cookman in 2021 Terans Eddy He also looked at the value of NFTs for fashion creatives like himself and briefly described the groundbreaking company he founded to help others in the fashion community with his knowledge of NFTs and technology.
“I wanted to create space for other fashion designers, so I actually created my own startup called Fashion Swap,” he said. “It’s made up of three components. The first is a multi-vendor marketplace for fashion designers. So if you’re from Miami or Detroit, all the designers in your city, including independent designers. Imagine being able to visit and shop.
There are also components that teach you how to make your own clothes. There is also an animation section where you can actually turn your clothes into metaverse wearables into NFTs. This allows you to create one rendering of your design and sell those digital hoodies to the Metaverse people to create a completely different revenue stream.
In the fashion industry, one of the things we lack is loyalty. When I sell a shirt, it’s probably the last time I’m going to make a little profit from it. With a Diginal ID, it’s like having a QR code or NFT sewn onto your clothes. So it will be like a peer-to-peer market where you get a percentage like royalties every time your clothes are resold. “
Check out the video above to hear the conversation in full. For all the details you missed at the 2022 ESSENCE Festival of Culture, visit our official Video Content Hub here.