The rapidly evolving landscape of blockchain and cryptocurrency has long been taking over the art world. Once only available to a few, the disruption of the NFT industry through blockchain has made art, or ‘digital art’ accessible to everyone, far beyond the VIPs and the exclusives of art galleries. From the advent of Banksy to the proliferation of Crypto Punks, the modern art world has become surrounded by digital collectibles.
The rise of NFTs through blockchain technology are bringing the possibility of art ownership to masses. Several companies across the world of web3 use it for far more than just that, using NFTs and digital art as membership cards, utility packs and more. As the crypto winter seems to be a thing of the past with each passing day, creators and founders are developing technologies that aim to add tangible value to NFTs, beyond them being just a JPEG.
Andras Kristof, CEO and co-founder of Galaxis, experienced the entanglement and boom of NFTs firsthand. Through his time working with Yahoo and Wiki.com to founding Galaxis, Andras got exposed to NFTs well before the initial Beeple hype. He was also the first person to build Tembusu Terminals, a Bitcoin ATM in Singapore in 2013. International Business Times got the opportunity to speak with Andras to learn about his experiences, what he’s working on and where he sees the industry moving next.
Q: Andras, could you share your background on how you started with Yahoo, and how you got into the NFT space ?
Yahoo was great, but the journey did not start there, it began way earlier when ZX81 was Sinclair’s first computer, on which I spent hours learning programming, and that’s how it all began.
I left Yahoo for a small startup called Wiki.com, which we later
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