She sold an NFT for over $500k. Here’s how. | Freethink



pplpleasr went from an everyday creator to an NFT artist who sold a single piece for $500k. Just how do NFTs make artists money?

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You could be forgiven for being confused on the topic of non-fungible tokens, or NFTs. NFT images of cartoon profile pictures have sold for astronomical sums of money. The images themselves are JPEGs, which anybody can copy with a few clicks. Despite that, interest in NFTs continues to grow, with more sales every day and some major industries trying to figure out how to use them. So, why NFTs?


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NFTs can be thought of as units of data stored on a blockchain ledger, which is sort of like a series of transactions that are kept in a database that is distributed all over the internet. While NFTs behave just like other crypto coins and tokens on a blockchain, they are not identical to each other. NFTs are non-fungible, which means each is unique and cannot be exchanged for another identical unit. While every bitcoin is equal and identical to every other bitcoin, NFTs are completely unique and vary in price. Because of these features, NFTs are often an excellent way to handle digital artwork. In fact, thanks to NFTs, digital art can be bought and sold online, just like a physical piece of art in a gallery.

As explained by Coinbase VP of Products Sanchan Saxena, this proof is important to many people in the digital art world: “I can take a photo of (the) Mona Lisa and say ‘this is mine,’ but nobody is going to believe it. Because there is something known as ‘provenance’ or ‘proof of ownership.’ So an NFT — a non-fungible token — is a unique copy, and it’s a contract that says that you own this digital piece of art, and that is very powerful in many, many regards.”

One example of NFT art is the work of pplpleasr, also known as Emily Yang, an artist who has begun using NFTs to make a profit. But that’s not all. Pplpleasr also has sold artwork to help fund nonprofits that are dedicated to reducing violence against Asian-Americans. To that end, a decentralized autonomous organization (DAO) called PleasrDAO was created to buy a piece created by pplpleasr. The proceeds from the sale have been donated to twenty-four different non-profits.

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We created this story in partnership with Coinbase.

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33 thoughts on “She sold an NFT for over $500k. Here’s how. | Freethink

  • April 15, 2022 at 8:56 pm
    Permalink

    Do you think NFTs are here to stay or just hype?

    Reply
  • April 15, 2022 at 8:56 pm
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    Just because a stock is going up doesn’t mean it’s a good investment. just because a stock is going down doesn’t mean it’s a bad investment. there's more to a stock

    than just it's stock price. An entire company more. focus on the company, not just the stock price….

    Reply
  • April 15, 2022 at 8:56 pm
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    I'm the future of Nfts

    Reply
  • April 15, 2022 at 8:56 pm
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    NFT's would be cool if they put in any kind of effort to actually make good art and not some lazy pixelated 2d bullshit thumbnail for your twitter.

    Reply
  • April 15, 2022 at 8:56 pm
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    You know, sometimes I feel bad about myself but then I remember there are people out there like this and then I feel a lot better.

    Reply
  • April 15, 2022 at 8:56 pm
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    ironic that freethinking involves a sponsorship from coinbase

    Reply
  • April 15, 2022 at 8:56 pm
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    One thing I learnt, do not hesitate to make money from others misery. She made 500k while raising hate against asian

    Reply
  • April 15, 2022 at 8:56 pm
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    Not to be proud in anyway at all, but today my NFT holdings have passed the $70k mark…. I had less than $2000 when I entered this space 3 months ago. I am beyond grateful for this opportunity to transform my life and thank you to everyone who has helped me get here.

    Reply
  • April 15, 2022 at 8:56 pm
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    Most informative video I’ve seen on crypto yet and gives me a bit more confidence to invest myself. Only thing i dont understand is the whole staking your crypto for a return? What does this mean and are you at risk of your coins being devalued by doing so?

    Reply
  • April 15, 2022 at 8:56 pm
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    I still prefer physical media for music (records, tapes, CDs), than digital downloads. And also books, over Kindle. It’s about pride of ownership…I want it in my hands.

    Reply
  • April 15, 2022 at 8:56 pm
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    NFTs are just another way to get people, who should know better, to believe they have value. Get the greater fool to buy yours, wait until the link gets deleted, and hide. Ta-da! Zero value.

    Reply
  • April 15, 2022 at 8:56 pm
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    By the way, the like/dislike ratio is currently at 159 to 347.

    Reply
  • April 15, 2022 at 8:56 pm
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    This channel cannot in good conscience report on so many world improving projects and climate change topics, whilst simultaneously promoting NFTs.
    They are a scam, and a scam that is burning the world as it goes.

    Reply
  • April 15, 2022 at 8:56 pm
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    Who cares, lol…

    Reply
  • April 15, 2022 at 8:56 pm
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    It's called money laundering. Except for the technology, there's nothing new here.

    Reply
  • April 15, 2022 at 8:56 pm
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    the reason it's something special to own the Mona Lisa is because it's been created by a dude who's long since dead and known all over the word and it's non-trivial to impossible to create an exact physical copy of it.

    for digital art however, it is utterly trivial to create as many exact copies of it as you wish.
    some data entry on some shoddily secured server no one cares about isn't changing anything about that reality.

    this will die down soon as idiots don't have infinite money to spend.

    Reply
  • April 15, 2022 at 8:56 pm
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    I don't think you get to call yourself 'better news' after taking a sponsorship from a crypto corporation to sell the concept of NFTs when interest in them is actively tanking as NFTs have reached the 'dump' part of 'pump and dump' schemes due to people no longer buying in.

    Reply
  • April 15, 2022 at 8:56 pm
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    For people that don't use the ReturnDislikeButton extension. I can tell you it's currently 2/1

    Reply
  • April 15, 2022 at 8:56 pm
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    Create value out of nothing and turn money into crypto, that is transition, it is never about art or creation, fooled the artists into it otherwise bitcoin alone is too slow. Digital ownership is like buying a piece of land on the moon. All who spent on it are people with illicit money, no one else would, it's their game.

    Reply
  • April 15, 2022 at 8:56 pm
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    To everyone who dislikes NFTs: I understand you. But I also request that you keep an open mind when you hear about NFTs in contexts other than multi-million dollar apes, or even NFTs of any image. It's been super hard for developers and creators to use NFTs in actually meaningful and logical ways without being flooded with hate and forced to stop before even getting off the ground. (some of those ways being ticketing, event collectibles, digital asset vaults, access passes, immutable property records, Lens protocol, Aika market, etc.)

    Reply
  • April 15, 2022 at 8:56 pm
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    Sell all your NFTs for bitcoin. Thank me later.

    Reply
  • April 15, 2022 at 8:56 pm
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    how is ethereum descentralized? what a load of b…

    Reply
  • April 15, 2022 at 8:56 pm
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    nfts are the cancer of our planet

    Reply
  • April 15, 2022 at 8:56 pm
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    it's really unusual of this channel to approve a video like this. An elephant in the room wasn't mentioned even once. Numerous scams online, providing ZERO protection for those whose art was outright stolen, not addressing the overwhelming amount of irresponsible NFT organisations who take the worst decisions and who basically represent the entire idea. It almost feels like Freethink fell for the Survivor's Mistake, or even worse. This woman is amongst a lucky few who haven't got chewed by this extremely unstable system, no matter of individual skills or persistence.

    If we talk about providing artists an opportunity to at least make it out of poverty, we should first consider the stability AND security of these systems.

    Reply
  • April 15, 2022 at 8:56 pm
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    I understand why artists like NFTs (hint: $$$), but I have yet to hear a compelling reason as to why art collectors would want to own one. The provenance reasoning doesn't cut it for me. My right-click and download version is an EXACT copy of the original, who cares if it's the one "sanctioned" copy by the artist. A reproduction of a painting will never be an exact representation of the artist's hand. Even in printmaking there are choices beyond the image (paper type, the texture of the ink, how it's framed & displayed) that collectively add up to the artist's true vision. Maybe this is the only way to make digital imagery a viable art media, but I'm not sold on the concept. Now, if you'll excuse me, I have a cloud to yell at.

    Reply
  • April 15, 2022 at 8:56 pm
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    Really? 😪😒

    Reply
  • April 15, 2022 at 8:56 pm
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    This is a horrible video, it's garbage. NFTs are blatant theft, they are pyramid scheme disguised as trading.
    You guys should have never have made this video.

    Reply
  • April 15, 2022 at 8:56 pm
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    Wow
    This sucks

    Reply
  • April 15, 2022 at 8:56 pm
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    The copium in this one is immensly strong.

    Reply
  • April 15, 2022 at 8:56 pm
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    For every story like this, there are several more of either artists getting their art stolen by bots and minted as NFT's, or people getting scammed. If DeviantArt had to make a service that detects whether your artwork was stolen and minted as an NFT, then there are some serious problems with the space that needs addressing.

    Reply
  • April 15, 2022 at 8:56 pm
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    Look, the thing is atm there are a lot of bad actors, right now, I'm not putting a single cent in because I know if I put in my money right now with something it could very well be a scam

    Reply

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