NFTs and Kenya's Social Impact

May 8, 2023

NFTs and Kenya’s Social Impact

Order ID	53563633773
Type	Essay
Writer Level	Masters
Style	APA
Sources/References	4
Perfect Number of Pages to Order	5-10 Pages

Description/Paper Instructions

NFTs and Kenya’s Social Impact: The Power of Digital Art

In recent years, non-fungible tokens (NFTs) have gained a lot of attention as a new way of monetizing digital content, including digital art. NFTs allow artists to sell unique, digital copies of their work as tokens on a blockchain, creating a new market for digital art collectors. While there is debate about the sustainability of this market and its impact on the environment, there is also potential for NFTs to have a positive social impact, particularly in countries like Kenya.

Kenya has a vibrant art scene, with many talented artists producing work across a variety of media. However, the traditional art market in Kenya can be difficult to navigate, with limited opportunities for artists to sell their work and earn a living. NFTs offer a new avenue for Kenyan artists to showcase and sell their work to a global audience, potentially reaching buyers who would not otherwise have access to their art.

One example of the potential for NFTs to have a social impact in Kenya is the work of artist Michael Soi. Soi is a Kenyan artist who is known for his bold and satirical depictions of Kenyan society, often highlighting issues related to politics, gender, and corruption. Soi has been able to leverage the power of NFTs to sell his work directly to buyers, bypassing the traditional art market and earning more money in the process.

In addition to providing a new source of income for artists, NFTs also have the potential to empower communities in Kenya. For example, the Maasai tribe in Kenya has a long tradition of beadwork, which is often sold to tourists as souvenirs. However, the market for Maasai beadwork is limited, and many artisans struggle to make a living from their craft. By creating NFTs of Maasai beadwork, artisans could potentially reach a global audience and earn more money for their work, creating a more sustainable livelihood.

Of course, there are challenges to using NFTs for social impact in Kenya. One major issue is access to technology and the internet. While Kenya has made significant progress in expanding access to technology and the internet in recent years, many people in rural areas still do not have reliable access. This could limit the ability of artists and artisans in these areas to take advantage of the NFT market.

Another challenge is the environmental impact of NFTs. The process of creating and selling NFTs requires a significant amount of energy, which can contribute to climate change. This is a particular concern in Kenya, which is already experiencing the effects of climate change, including droughts and food shortages. It will be important to find ways to mitigate the environmental impact of NFTs if they are to be used as a tool for social impact in Kenya.

In conclusion, NFTs have the potential to have a positive social impact in Kenya, particularly for artists and artisans who have limited access to traditional markets. By providing a new way to showcase and sell their work, NFTs could help to create a more sustainable livelihood for these individuals and their communities. However, there are challenges to using NFTs in this way, including access to technology and the environmental impact of creating and selling NFTs. If these challenges can be addressed, NFTs could be a powerful tool for social impact in Kenya and beyond.

NFTs and Kenya’s Social Impact

RUBRIC

QUALITY OF RESPONSE	NO RESPONSE	POOR / UNSATISFACTORY	SATISFACTORY	GOOD	EXCELLENT
Content (worth a maximum of 50% of the total points)	Zero points: Student failed to submit the final paper.	20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking.	30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking.	40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete.	50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing.
Use of Sources (worth a maximum of 20% of the total points).	Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper.	5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6^th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper.	10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6^th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources.	15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6^th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources.	20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6^th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment.
Grammar (worth maximum of 20% of total points)	Zero points: Student failed to submit the final paper.	5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors	10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors	15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage.	20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free.
Structure of the Paper (worth 10% of total points)	Zero points: Student failed to submit the final paper.	3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6^th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6^th edition requirements whatsoever.	5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6^th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper	7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment.	10 points: Student provides a high-caliber, formatted paper. This includes an APA 6^th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.

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