Space for NFTs, or non-fungible tokens, is collecting cash for entrepreneurs and art collectors Iris Nevins..
Nevins is Umba Daima’s co-founder, CEO and NFT producer with a focus on artist support and empowerment. Launched in February last year, the studio advocates and informs people about the so-called Web3. The business is raising money by putting some of its sales in its pocket and helping to establish an online community for the market.
Reported by CNBC Umba Daima Last year’s total income was $ 140,000. The original plan was to create an online store for artists to sell their work. After learning about NFTs in 2020, Nevins decided that this technology would be “a much more profound way to help artists.”.. “
Expanding its reach, Umba Daima has rolled out other brands. They include: Black NFT Art, NFT round table meeting Podcast and virtual exhibition “The Unseen Gallery”.
“We thought we could do more for ourselves, have a greater impact, and generate more income for our artists. [with NFTs] Rather than trying to sell prints and paintings online, “she told CNBC.
In general, NFTs are digital assets that are often bought and sold in cryptocurrencies. They are gaining popularity and are popular with celebrities, athletes, entertainers and more.
Still, like any other early-stage business, it’s still not profitable, Nevins said. But the 29-year-old deep-rooted art collector hopes it will happen soon.
Nevins is grateful for the support he received from people involved in the NFT business as the founder of a black woman. She looks forward to a time when the NFT Marketplace will be more diverse and equitable and open to more black artists.
Going forward, Nevins is pleased that some black-owned NFT platforms, such as “The Well and Disrupt Art,” are growing this year. She is also bullish about NFTs for more movies, music and dance in space.
Umba Daima’s first NFT drop, scheduled for February, will consist of works by well-known artists such as: Sharin Wallace When Dominique Weiss..
“We want to help all the artists we collaborate with get flowers and grow through the process,” Nevins told CNBC.
“I think the relationship between most people and NFTs is CryptoPunks. They don’t really sit down and see what a normal artist is creating.”