NFT Magazine

THE SOCIAL NFT MAGAZINE E D I T I O N 0 1 : S E P ‘22

I. INTRODUCTION II. INTERVIEW WHAT IS AN NFT ? INTERVIEW WITH MICHAEL 03 04 III. NFT IN VIETNAM NFT COMMUNITY IN VIETNAM 05 IV. THE VALUES OF NFT NFT USAGES IN REALIFE 06 1

CONTRIBUTOR’s NOTE Dear beloved readers, This magazine provided you with various perspec- tives on the term “NFTs.” You will explore the con- cept of digital collectibles authorship, virtual token and experiences from our collectors. With our com- mitment to sustainable development, The Social will roll out more e-magazines that are socially friendly and easy to access. We hope you all enjoy reading this August released Magazine. Cheers, The Social. Editor : Tue Minh Illustrator : Chris Vu C ontent Writer : Tue Minh Chris Vu Ngoc Tram 2

What is an “NFTs” NFT ( non-fungible tokens ) is the creative content on the vitual or digital medium. New type of Its Market place. NFT art, reproduce from cryptocurrency. Michael Pagliarello, 2021. NFT artists sell the work to NFT art, reproduce from NFT is a relatively a new type artcollectors and enthusiast Michael Pagliarelo, 2021. of cryptocurrency that is repre- through several market place. senting physical or digital cre- One of the most popular NFT ative work including photog- market place is Opensea. raphy, music, artwork , games, gifs, video. NFTs vs Bitcoin. The Provenance of the ownership. NFTs are different from tradi- tional cryptocurrencies for ex- By recording the provenance ample Bitcoin because they are of the ownership on the block- unable to be exchangeable with chain, NFTs ensure that each another token. copy belongs exclusively to the buyer and it is not interchange- able with another copy. 3

INTERVIEW WITH MICHAEL PAGLIARELLO This is an interview with Micheal Pagliarello who has been collecting NFTs since he was in university. 1 Are you an NFT 4 Are there 5 What is the 6 How often 7 What is your maker or are you any challenges most unforgetta- are your NFT favorite NFT an NFT trader? when you are ble experience things sold? piece ? I’m just an NFT trading and since you started collector and trad- selling NFT? to join the NFT I would say it My favorite er but I also help community? depends. Some- right now is my NFT commu- One of the times I sell every the collection nity in building. main challenges Hahah this is a week, sometimes I own Tribe when trading fun one. I once it takes months. Odyssey, but I 2 Why do you NFTs right now bought a project It also depends also like BAYC, is the fact that at a high price that on how fast I Lazy Lions and collect NFT ? one needs to be later went down. I want to sell. If I RTFKT . I collect NFTs for extra careful in lost around $2000. lower the price 2 main reasons; keeping them Now I’m very care- I still sell but 8 What is the the first is because safe whilst at ful of what I buy . probably at a some of them are the same time loss. It’s a game most success- valuable and can be making sure of patience . ful art that you resold for a higher they’re not buy- sold? price and the second ing from a scam reasons is because I project. The fact The most suc- like the art of some. that everything cessful one I These can be held is decentralized sold was an NFT and still give utili- means that you from the Lazy ties. have to take care Lions’ project. of everything to Around 1.8 ETH protect yourself. around $10.000 when ETH was high. 3 How long have 9 Can you tell you been selling me some Viet- nft? namese artists in the NFT com- I started in Sep- munity? tember 2021 and I’m still here even Patrick Dang is a though the market is Vietnamese NFT bad right now. As I artist I met at an said earlier, patience event in HCMC. . His project The Parallax is pretty nice. 4

THE SOCIALNFT Community in Vietnam A mong the five countries with the higehest NFT users in the country at 2.19 million people in 2021. In 2021, NFT gains a big impact in many Southest Asia country like Thailand, Vietnam, and China According to the Statista report, the reason that contri- -butes to the growth of NFT in Vietnam is the popularity of play-to-earn games such as Axie Infinity by the Vietnamese company Sky Mavis, as well as the growing number of artists dis- playing their portfolios on social media channels like Discord and Twitter. Vietnam’s very own NFT marketplace In October 2020, the Cong Troi project is an NFT craft form and trading platform dedicated to Vietnamese art. Through this project, collec- tors can easily get NFT ownership of a digitized art work, such as a video clip, 3D paintings, a digital autograph, or a part of one’s favourite song curated by stalwarts in the indeginious community of art. N ew Startup based on block- chain and NFT in Vietnam By envisioning practical e-commerce and enter- tainments impacts, the team at Saigon books is optimistic about their new projects that employ blockchain in produce podcast and audio books. At the same time, they plan to create a block- chain-based platform to enable users to produce audio content and earn money. As it had men- tioned before blockchain-based games like Axie Infinity and finance apps like Coin 98 Finance have raised million of dollars. Vietnam’s block- chain market is all set to welcome double growth in 2023-2027 period because of 5G development across the country. 5

NFT USAGES IN REALIFE Fashion NFTs and digital clothing have become increasingly common after the pandemic breakout. In ad- dition, the gaming sector and digital art are also growing. 12 Digital Art Gaming industry The art industry By enabling NFT- 3 could be substantial- cross-platform play- Virtual Fashion ly affected by NFTs. ability, NFTs can be Digital artwork can be integrated into the game Younger consumers which are unique represented as owned by industry. Game players digital assets that are NFTs. This would mini- are more motivated to have been the primary authenticated through mize piracy and guaran- continue playing a game target market for digital blockchain technology). tee that creators receive if they already own char- apparel and NFTs, which For instance, active- fair compensation for acters or objects within serve as an accessible wear brand Champion their work. it thanks to NFTs, which (but aspirational) en- launched its 2021 Spring A prominent artist’s provide game producers try-level product for a collection available for tangible work of art was another chance to grow brand because they are NFTs in partnership traditionally exclusively their brand and generate particularly interested with artist Tafi, Adidas accessible to the another source of in- in gaming and social released virtual shoes extremely rich or come. networking. Addition- and clothing for Animal museums. You can now ally, as they allow cus- Crossing and Gucci also officially acquire a digital Applications for gam- tomers to exercise their released its first pair of duplicate of traditional ing can employ NFTs. An novelty-seeking instincts digital sneakers, The art in the form of NFTs. NFT might, for instance, without harming the Gucci Virtual 25, in part- This may finally per- represent a character environment due to their nership with Roblox. Ad- suade you to jump on the from a video game. If the low environmental effect, ditionally, in November bandwagon of digital art initial owner decides to they can help fashion 2021, Nike submitted a ownership if you enjoy sell the NFT, it can be firms improve their sus- trademark application at historical art. transferred to another tainability credentials. the US Patent & Trade- player since it is stored mark Office for its Nike on a blockchain. Digital clothing and and Air Jordan brands fashion NFTs have prolif- on a variety of virtual erated since the pandem- items. ic onset (non-fungible tokens 6

THE SOCIAL Mid - Autumn Festival 2022