“I was more and more in demand! I was invited to position myself on NFTs,” says Haberstig, who works at Urban Timetravel at the House of Startups. While the startup mixes virtual and augmented reality to help transmit historical heritage, the young woman added “NFT artist/collector” to her profiles on social networks. That was enough to attract attention, as if people in Luxembourg were looking for reference points on the subject.

Everyone is talking about NFTs... but not many people really know what it is and, more importantly, what they can do with an NFT. Tell us about it!

Jil Haberstig: Imagine you have a dollar note. When you exchange it for a dollar note, you don’t feel anything. It’s still a dollar note. Now imagine that your first dollar note has a Picasso on the back. How would you feel about giving that note for a dollar note? An NFT is a bit like that dollar note with a Picasso on it. A unique copy of a digitised work. But it’s not always art or music. Anything can be an NFT, a ‘non-fungible token’.

For the uninitiated, buying an NFT is not always easy. But then, apart from keeping it somewhere online, what can I do with it?

At the moment, many NFT projects exist only to make money and to take advantage of people’s gullibility. Anyone who has bought an NFT can keep it, waiting for the phenomenon to grow even more, with a view to resell it. Or until solutions appear on the market to display their NFTs, whether it be special televisions or digital frames, in the same way that today you post photos on your Instagram account, for example, to show what you are doing, where you are or what you are experiencing. With Jesus Pena Garcia, we have just launched a project in this sense, but it’s still a little bit early to talk about it.

You are preparing the first event of the Luxembourg NFT Community that you are creating. What will this community be used for?

Personally, I don’t like the idea that project owners are only there to earn money directly. I would like the community to be a place where people can share their expertise on the subject, to allow people to understand what scams there are. I have six NFTs myself and one of the most remarkable things about this concept, for the artists I urge to take an interest in it, is that it allows their art to be disseminated beyond the area where they live. For a foreign audience to be interested in your art, for example, you already need a good reputation. The NFT potentially offers a wider audience.

For more information, the community can be joined .

This story was first published in French on . It has been translated and edited for Delano.