Episode Details

Today’s episode is slightly different as Jason is not interviewing a Fintech but an artist - Krista Kim. She made global headlines as being the first artist to sell a virtual home via a non-fungible token (NFT). Krista Kim is a contemporary artist and founder of the Techism movement and a global ambassador for the Superworld and creator of the Mars House, and a talented artist. In today’s podcast, they will discuss “How technology is changing both the distribution and implementation of art?”

Episode Highlights:

• 1.10: Krista introduces herself as a digital artist, started creating digital artwork in 2013. While using smartphones, Krista observed how people were completely changing the dynamics of their social interactions because of social media platforms and how social media platforms were inferring cultures.
• 1.18: As an artist, she thought, “We need to ensure that people are free thinkers going forward in the 21st century and beyond, but the big question was how do you do that?
• 2.45: Krista says, “We have to have a daily practice of meditation because we have to strengthen our prefrontal cortex. It’s a muscle that actually keeps us as freethinkers so that we’re not perpetually addicted to our phones.”
• 4.45: Jason refers to the filter bubbles that people have created; they only hear what they want to hear. 
• 06.00 Jason says that they are going to discuss NFTS, digital art, and the metaverse in today’s episode. He says that unlike cryptocurrencies, where the entire idea is to make transactions with them potentially, which is something called fungibility, the ability to spend something in one place versus the other. NFT or non-fungible token is a token that denotes value or ownership of something specific, and in this case one of the biggest use cases has been in the art realm.
• 06.44: Jason inquires, “How did you get into NFT? What was the opportunity you saw that you clearly harvested?”
• 7.10: Krista talks about her journey as a digital artist and her research on the blockchain of art. She became whitelisted as it gave power to the digital artist to sell their art properly as a rare piece of work.
• 7.45: Personally, Krista felt that NFT was giving digital artists the power to sell their art properly as a rare piece of work, one or limited series. But an artist can control its rarity, and that is everything for a work of art.
• 10.11: Jason says, “What we’re seeing is just again another technology and especially Internet technology, basically starting to apply itself through yet another medium or another vertical of an industry which is artwork.”
• 11.06: Krista explains the difference between NFT and a copy of the NFT.
• 11.40 Jason denotes that “People have a hard time wrapping their head around digital currencies.” He gives an example of the games like Diablo or World of Warcraft, where even before there were markets that were built into these things, people were selling armor or weapons on eBay and transacting real currency and then meeting virtually to deliver on the actual product sold. 
• 12.36: Krista affirms Jason’s views and asks him to look at Mars house. She shares why Mars houses became such a global story? It is because it really is a marker, overtime, and it is the harbinger for our augmented reality lifestyle that is coming around the corner. XR lifestyle. The Metaverse NFTs are going into the metaverse, and that is the next generation. 
• 17.00: According to Krista XR experience is essential for brands moving forward in order to really connect with this generation and their communities in an authentic and meaningful way. 
• 17.45 Jason says, “Virtual environments are becoming more and more engaging and more and more desired to be participated in, especially amongst young generations.” 
• 19.58 Krista explains, “We are selling virtual plots of land that are basically mapped geographically onto t