Wednesday, February 9, 2022

OPEN TALK: Demystifying NFTs
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Tejas Chopra
Tejas Chopra
Netflix, Senior Software Engineer

Non-fungible tokens have taken the world of digital art by storm. The growth in NFTs this year is a staggering 1500%+, and is set to revolutionize art & collectibles. In this session, I present the basics of NFTs, and delve into industries disrupted by NFTs: art, collectibles, gaming. I will discuss how to dip your toes into the NFT world by minting your unique collectible as an NFT on platforms such as OpenSea.
NFTs started off on Ethereum blockchain, but soon, Ethereum ran into scalability issues since it only allowed 10-15 TPS. This sparked a surge in different blockchains designed specifically for NFTs, such as WAX, FLOW, etc. We will discuss about how they open up new types of dApps and marketplaces, such as NBA Top Shots.
Finally, we will touch upon some of the perceived environmental impacts of NFTs for users to make informed decisions about platforms they use for trading.