How to Build Your First NFT

MetaFactory bills itself as a platform for collectively managed, community-owned brands. The idea is fairly straightforward; designers create their own brands and style guides, while the community gets to suggest and vote on product designs under the umbrella of the brand through a decentralized autonomous organization (DAO), using the DAI cryptocu... See more

These tools were integral in quickly overcoming many complex obstacles facing the DAO: 1) evaluating and deciding on a treasury protocol (Juicebox), 2) securing funds in a multisig (Gnosis Safe), 3) forming a legal entity with proper tax and regulation considerations that would pass Sotheby’s KYC process (Syndicate DAO), 4) partnering with a fiscal... See more

Today, crypto technologies like decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs) enable a new model of character development and ownership that could not only unbundle creative media, but also lower the barrier to entry for online communities to bring new characters into the world.