Tech/Business/Gaming

Why the Utopia Club NFT will work

The Utopia Club is no ordinary NFT project. It’s no here today, gone tomorrow concept with a quick sale in mind. Instead, it is an NFT community with the single goal of celebrating dance, especially music – even air guitar. The community aspect blended with a plan to promote creators and establish NFT halls of fame and music clubs means NFTs are being taken to the next level, which will stick around for the long term.

An NFT or non-fungible token is a digital replication of an item held on a blockchain such as Ethereum. Each NFT represents a real-world item or characteristic and is kept safe via a private wallet. So long as the owner has access to the wallet, they have access to the NFT. What differentiates NFTs from other digital replications is theoretically impossible for anyone else to copy and distribute that token.

Why do most NFTs fail?

Most NFTs do not work because they focus on making a quick buck. The plan is to create an NFT product, mint it, and sell it as fast as possible before moving on to the next one. Sure, the buyers look cute for a while, but eventually, it becomes an empty nothing-burger. This is to say they are designed to fail or don’t have a true community to support them.

How is The Utopia Club NFT different?

This NFT, however, is designed as a long-term, valuable project. It has a real drive and mission to unite musicians, singers, dancers, and entertainers not just with each other but with fans too. This is to say it is not just a one-off product sale.

The Utopia Club builds a strong, dedicated community rather than a large following dominated by profiteers. This means it cultivates a group who want to be the end-users; they want to own the NFTs, not trade them for a higher value. It works with real people for real-world success for the genuine love of music and dance. A sign of this deep engagement can be found on their Instagram and Twitter feeds.

Secondly, the club is purpose-driven. Its goal is the artist. It’s not just your typical Discord server with your specific Discord server pages. This means it is possible for DJs, producers, musicians, dancers, artwork produces, and more to collaborate. This is the first true NFT where owners are coming together for a common purpose – creating music and art. In short, the point is not profit; it’s creativity.

Why do some artists hate NFTs?

Most digital artists love NFTs, but some have reservations. These can range from concerns about the environmental impact of such products to whether intellectual property rights can be asserted or not. Furthermore, the owner of the NFT, say hypothetically for the Mona Lisa, does not own the real world Mona Lisa.

In March 2021, digital artist Beeple sold a piece of art as an NFT for $69 million. It’s a staggering sum but proof that artists can genuinely benefit from NFTs. It is not just big-name, established creators either. Smaller creators see the benefits and the risks of NFTs – namely, to mint one’s work or to see it minted by someone else erroneously.

How The Utopia Club helps artists

As noted above, the Utopia Club is a member’s community with music and dance in mind. The point is the community and collaboration. This means the NFTs are geared toward achieving this. Thus there is no merch, no price tiers (just a single 0.08 ETH price), and no branded items. Instead, it is about you, the artist.

The platform also contains a growing number of ways to further collaboration, expression, and discovery. This includes a community radio station and a Wall of Fame. Furthermore, there are plans for a retro club in the Metaverse for people to mingle – think The Distracted Globe from Ready Player One.

All creatives can see the project’s roadmap – they can see the promises, the rules of the venture, and where the community wants to go next. It’s a slow, quiet development setting down real roots. This means it’s dedicated to real creators and not profiteers. Not only that, 5 random winners will be promoted to get real fame, including interviews, PR, and possibly even a record deal. This is the real-world, concrete, and tangible.

The Utopia Club is building solid foundations to be one of those NFTs which endures and will be remembered. It is firmly focused on uniting artists with fans, entertainers entertained, and dancers with air guitarists. This is one NFT that will work beyond its initial sale.

Dr. Jerry Doby

Dr. Jerry Doby, PhD, is Editor-in-Chief of The Hype Magazine, Recipient of The President's Lifetime Achievement Award, a Media and SEO Consultant, award-winning Journalist, and retired combat vet. . Member of the U.S. Department of Arts and Culture, the United States Press Agency and ForbesBLK.Connect with Dr. Doby across social media @jerrydoby_ or https://www.jerrydoby.com

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