Through NFTs, children now get the opportunity to showcase their creativity to the world and in legitimate digital markets where they can earn
The increasing popularity of the Non-fungible token (NFT) has sparked many conversations globally. Mainly designed for creators, when one thinks of published work on this digital medium, we often think of talented adults. However, there is a massive pool of artistic expression in the younger age group too and kids are now getting all the recognition they deserve thanks to NFTs.
Through these NFTs, children now get the opportunity to showcase their creativity to the world and in legitimate digital markets where they can earn. This blockchain-enabled market has helped boost art and design in a manner where its value cannot be exchanged. They are many factors that have contributed to the rise of NFT and Indian students especially have got a massive opportunity to showcase their talent through this.
The rising creator economy
A big contributor to NFT is the rising creator economy across the globe. More and more people are now expressing themselves and the statistics speak for the same. According to the EPEX report 2019, the creator economy in the USA was valued at $2200 billion while in India it stood at $21 billion. However, the numbers are only increasing through the years.
While there definitely is a big difference between India and the USA, it is important to understand the amount of pace at which young kids need to grow in order to overpower these global numbers.
Celebrating art & design
India is a country that is known for its rich diversity in art, culture, and handicrafts. Moreover, we have the largest film production industry after the USA. The design industry on the other hand has also taken the biggest leap forward since the pandemic. This proves that visual media is immensely celebrated in the country. The younger generation is now finally able to embrace that unlike earlier when only traditional careers were given a higher status.
Earlier art and design were only fully introduced in a specialised college course and weren’t given much importance at school. Now, with schools focusing on holistic education, students get to express themselves from a young age and institutions are able to tap into these talents and make it a lucrative proposition that will help create more jobs in the future.
Supplementing core education
When children are encouraged to channelise their creativity through contemporary mediums like NFT, not only does it act as a supplement to the core education at school but also builds their confidence to a great extent. For a country like India, this enables each and every child to get global exposure irrespective of geographical, economic or educational background.
Moreover, each NFT acts as a medium to earn digital money, scholarships and even aid admissions into recognised and prestigious universities.
Gone are the days when universities would only look at academic performance. Every college and university whether in India or internationally wants to know the thought process of each child and how they can excel in their unique talents.
A lifelong record
One of the most beautiful aspects of NFT is that it helps keep track of the original artist. This means if a child has uploaded his/her artwork as an NFT and it is sold and further resold, credit for the original artwork is always with the student. This helps the child get recognition for their work and encourages them to build for themselves.
