Non-fungible tokens seem to be all the rage, but what exactly are NFTs and what is a Ksoid?

Blockchain tech

Image: Unsplash

If you read tech blogs and in general have your finger on the pulse of what’s going on, you’ve no doubt heard the term non-fungible token, or NFT. These crypto tokens have various uses, but the one that seems to be making waves is their use to demonstrate ownership of digital artwork and other digital collectibles.

Beeple sold digital works of art for $ 69 million and various cryptopunks for millions. NBA Top Shots is another NFT that has grown tremendously in recent times from passionate fans and those looking to make some cash.

While NFTs are a newer concept, the idea behind digital collectibles isn’t. People have been creating individual art and other digital creations for years. By turning artists into NFTs and putting them on the blockchain, it is easier for them to get paid for their work, and collectors can have real ownership of the work.

Danil Krivoruchko is an example. He has been creating digital art for years, and in 2013 he created a collection of digital creatures called Ksoids. He states that they are the first generative 3D models ever.

Now they are made available as NFTs. I had the opportunity to speak to Krivoruchko to learn more about the digital collectibles and get more insight into the world of NFTs. The full interview can be found below.

ksoid nft

Would you like to introduce yourself?

My name is Danil Krivoruchko, I’m a designer, director and VFX artist from New York. After working in various studios for 15 years, I went freelance three years ago and have been involved in both commercial and personal projects ever since.

During this time I have worked with Apple, Intel, Verizon and Nike and also released several award-winning short films.

When did you start working on your Ksoid collectibles? Why did you choose to do it? Is there any meaning behind them?

My wife Victoria and I started working on the project in 2013 when we had just moved to New York. Moving from one country to another is quite a difficult experience, and I think this project at the time was a way to get out of trouble and immerse yourself in a positive, creative world.

I’ve always been interested in projects where a visually interesting variety of objects emerges from a relatively small set of programmed rules. Trying to use this approach to create 3D characters seemed like a good challenge to me.

How do the little digital creatures come about?

Technically, Ksoids are similar to a LEGO constructor set – I created a relatively small set of parts and their properties (each Xoid is set by 12 parameters) and created a program that combines random variations of these properties into a new character.

The hard part was getting any combination of properties to get an interesting and eye-catching result.

Why do you think NFTs have value?

Because enough people believed in the idea. As with many other objects that we find valuable, this is based on a shared belief in society.

We were fortunate enough to capture the moment in which this human agreement emerged. It seems to me that such events occur quite rarely in human history.

Do you think NFTs will change the way people collect and value art?

I think yes, that’s already happening. I think NFTs will democratize the art market.

What’s your favorite thing about NFTs?

Digital artists are finally getting the long-earned attention and resources they need to keep their work going. I hope this will help secure the status of digital art forms comparable to their classic “material” counterparts.

Where do you see NFT artwork in the next year? What about the next five years?

In the coming year, a moment of disappointment with this technology is inevitable as it always comes after an explosive surge in interest.

But in five years (most likely sooner) we will see another big boom in interest, but by then there will be a more mature market and platforms that have solved the problems that are currently growing. We can also expect many new big names among digital artists, galleries and collectors.

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