Task podcast

Written by Matthew Rickard
on April 16, 2021

NFTs have been a hot topic for the past few months, even outside the realm of blockchain and cryptocurrencies: Nyan Cat and a New York Times column were sold as NFTs, each for over half a million dollars.

And to top it all off, digital artist Mike Winkelmann, aka Beeple, sold an artwork for an astonishing $69 million — the third-highest auction price achieved for a living artist, after Jeff Koons and David Hockney.


NFTs, short for non-fungible tokens, are unique digital items, and they can represent ownership of artwork, audio, writing, in-game items, really anything. There are advantages to issuing them on Stellar — the network is designed to make asset issuance easy, affordable, and quick; the protocol doesn't rely on mining to validate transactions, so the environmental considerations are different from other blockchains — but there are also some unique technical challenges.

  • What are those challenges?
  • What's the best way to overcome them?
  • What's the current state of NFTs on Stellar?
  • What's in store for the future?

In this roundtable discussion, some key NFT players in the ecosystem cover those questions and more. Because while the mission-driven Stellar Development Foundation is focused on use cases like cross-border payments — and to be clear, SDF is not planning to pivot to focus on NFTs — one of the most exciting things about the open-participation nature of Stellar is that a vibrant ecosystem of projects is out there exploring topics and building solutions to the problems they find interesting. Untitled design-3-4

Check out the recording of the live session that took place on April 15th. The panel featured Fred Rezeau from Litemint, a gaming and collectibles platform on Stellar, Zac Freundt, Director of Marketing, Tyler van der Hoeven, Ecosystem Evangelist at the Stellar Development Foundation, our CEO, Steve Walker who discussed what's on the roadmap with Task and NFTs.

Stellar is an open-source network for currencies and payments. Stellar makes it possible tostellar-1 create, send and trade digital representations of all forms of money—dollars, pesos, bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network.

Task is powered by the Stellar blockchain


If you enjoyed this podcast why not listen to others? Subscribe now...

Speak Your Mind

You may also like:

Data collection Stellar

Blockchain economics and the opportunity for social advancement - Navroop Sahdev

A pioneering economist and technology futurist, Navroop’s work lies at the intersection of emerging technologies, econom...

CSR Stellar

A new model for connecting consumers and producers - speaking with Scott Fry

Scott Fry is the founder of Loving Earth, an ethically driven company that believes Food is Sacred. On this podcast I ch...

Stellar Nonprofit

How Stellar is making an impact in the nonprofit sector - speaking with Daniel Fisher

Daniel Fisher (aka Magofox) is from Portland Oregon. He's the father of two with no shortage of ideas. A mostly non-deve...