Amity NFT Marketplace Explanation for Alumni Artists and Community Members

By Juana Ochoa:

A fantastic opportunity in partnership with The Impact Collective has presented itself, providing Alumni students a chance to create a second or third cash revenue flow through their talents! All while supporting those walking behind them and joining our communities. 

The easiest way to describe this is student art became digitized by our partners (The Impact Collective) and turned into NFT, which is a Non-Fungible Token; our partners (The Impact Collective) act like a manager/promoters or public relations entities promoting the art.

What Is a Non-Fungible Token (NFT)?

Non-fungible tokens (NFTs) are tokens representing digital ownership with unique identification codes which distinguish them from each other. When the art is digitized, it is copyrighted, and you have royalties on the work; it can't get sold or claimed by anyone else. The artist gets paid every time it sells. 

Artist will get 50% of the sales.

If you have any other questions about this, please send them through the following link to our partners for clarification regarding NFTs: https://theimpactcollective.com/amity/

Additionally please feel free to contact our team as well: jochoa@amityfdn.org or jplepler@amityfdn.org

View more information about The Impact Collective below:

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