What is your pandemic hobby? For some, it s making money Toggle share menu
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What is your pandemic hobby? For some, it s making money In trying to cope with the COVID-19 pandemic, many people found solace in a new pastime. A few have found profit.
Jenny Eisler started embroidering sweatshirts during the pandemic, since that’s what everyone was wearing. She expanded her product line and says she’s so far netted US$20,000. (Photo: Eric Striffler/ The New York Times)
04 Jul 2021 07:54AM (Updated:
04 Jul 2021 08:03AM) Share this content
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Jenny Eisler learned to knit in the first grade, and was good at it. She also did time as a Girl Scout, which imbued her with an admirable can-do spirit.
Diving into the world of NFTs Part III: Getting involved
There are options, however, for those not trying to break the bank.
The best advice is doing some research.
“Do some reading,” said Garett Laugavitz, founder of Cipher. “Go on
Opensea.io. That’s one of the leading marketplaces of crypto-collectables. They have some great blog posts. The NFT Bible is a great way to start to try and understand the landscape.”
But maybe you’re an artist looking to cash in on some of your digital work.
“Internet creators have really never had that era [of being paid for their work],” said Adam Sarkis, co-founder of Spree. “They just create something and it just gets shared. You don’t really know who made it.”
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Diving into the world of NFTs Part II: Looking toward the future
MILWAUKEE NFTs have skyrocketed in popularity in 2020 and early 2021, but where does the market for the one-of-a-kind digital asset go from here?
According to Forbes, the value tripled in 2020 alone, but is there a limit as to how far the surge can climb?
“The price at which some of this stuff is going is baffling,” said Garett Laugavitz, founder of the startup Cipher.
He’s not wrong.
The highest-selling NFT art piece sold for $69 million in March. An NFT of the viral video ‘Charlie Bit My Finger’
“I think people are starting to dip their toes in the water,” Laugavitz said.
Diving into the world of non-fungible tokens (NFTs)
MILWAUKEE Some are calling it a digital gold rush, while others are often left with more questions than answers when trying to grasp the idea of non-fungible tokens (NFTs).
“I think the easiest way to think about NFTs is rather than purchasing an actual digital image, you’re purchasing the rights to the digital image,” said Adam Sarkis,
CEO of the Milwaukee startup called Spree. “It’s an assigned, unique token that you can assign to just about anything digitally, and even applies to some things physically too.”
Examples include digital art, memes, photos, videos and even sports highlights.