#118: Chris Torres & Vangeli Gelekas - NFTs 101

Chris Torres is an artist and creator of Nyan Cat, one of the most popular memes in internet history. Vangeli Gelekas is currently building the largest NFT (Non-Fungible Tokens) artist community on the web and helping artists leave the constraints of corporate commissions behind through NFTs.  On this episode, Chris and Van deep dive into NFT's and how the ownership of digital assets is going to change the world as we know it. They talk about the community of artists that currently make up their section of the NFT economy, how the average Joe can get into this world, why transactions are made via cryptocurrency, and more. This is is an episode you may want to listen to more than once, enjoy!  Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Chris Torres on Twitter: www.Twitter.com/PRguitarman Vangeli Gelekas on Twitter: www.Twitter.com/NetGenius (02:36) - What is an NFT? (Non-Fungible Token) (04:35) - How did you get into this space? (07:29) - Where are the best communities for NFTs? NBA Top Shot  (09:21) - Is an NFT only digital or can it be for physical assets? (10:52) - If everybody has a screenshot of a piece of art, how is it really that valuable?  (12:37) - What is Nyan Cat? (14:10) - How can you monetize Nyan Cat & NFTs? (15:06) - Why Screenshotting the NFT is What We Want  (18:04) - If I buy Nyan Cat, what do I do with it? (19:44) - How Much Chris Sold Nyan Cat For (20:46) - Who’s buying NFTs right now? (26:18) - How do I join the community? (28:58) - Is there a leader of this community like Shitoshi in Bitcoin? (31:07) - How does the average Joe get into this world with respect? (40:11) - How do you create the NFT and get it on the Blockchain? (44:13) - If I buy Nyan Cat, can I ask you never to sell another one or how does the ownership work? (50:06) - Do you have to display the purchased art anywhere to build momentum? What happens if you don’t? Marketplace: Foundation (55:45) - Do NFTs only live on ETH? (58:05) - The Transition from Physical Asset Value to Digital Asset Value (59:42) - Could we turn this podcast episode into an NFT? (1:01:21) - Can there be fractional ownership of NFTs? (1:04:08) - Where can I go look at NFT freak’s art? (1:05:47) - How did y’all meet each other? (1:08:25) - Chris, why are you doing this? (1:14:02) - Wrap-Up: What do you want people to take away from this episode if they came in with zero knowledge about this space? The FORT with Chris Powers is produced by Straight Up Podcasts

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Here, we uncover the proven strategies, insights, and inspiring stories of today’s greatest leaders in the worlds of business, real estate, entrepreneurship, and investing. Each episode’s mission is to help you to level up your entrepreneurial game by hearing directly from the men and women in the arena. Chris is able to uniquely uncover things not commonly discussed because he is an entrepreneur himself. We not only cover business, but we also cover the personal side of entrepreneurship. The Fort began in 2018 as a way for Chris to publicly explore the fascinating world of entrepreneurship. Since he was a child, he’s been characterized as obsessively curious about the world around him.  The Fort has now been downloaded over 2M times, across more than 50,000 unique listeners. Each week features conversations with entrepreneurs, Founders, CEOs, and Executives from some of the leading companies in America. Past guests have represented companies such as JLL, Hillwood, S2 Capital, Chick Fil A, Morning Brew, Founders Podcast, Tiny Capital, Permanent Equity, Fort Capital, Matthews REIS, Bonobos, and ConvertKit. 🐦 Follow Chris on Twitter: www.twitter.com/FortWorthChris 💡 Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ 📹 Subscribe to The FORT on YouTube: https://www.youtube.com/@FORTpod