Tasty Toastys: Singaporean entrepreneur shares how she baked a digital bread empire with her NFT collection – YP
Milk toast with rainbow sprinkles and coffee; multi-grain toast with avocado and bacon; herb toast with baked beans and ice cream. These are three of the 7,600 delectable NFTs available in the Tasty Toastys collection.
Chanel Lee, creator of the bright and whimsical NFTs, shared her journey with Young Post and explained how she managed to create a successful NFT brand.
NFTs, or non-fungible tokens, are digital tokens that serve as proof of ownership and cannot be copied. NFTs mostly represent collectable digital assets such as digital artwork, music, photos and videos.
Most people who assume Lee is an avid fan of baked goods would be surprised that her inspiration for Tasty Toastys is actually not bread, but rather, a specific scene in the American show, The Simpsons, where Homer Simpson is curled up in bed, feeling “toasty” like a cinnamon bun.
“Seeing this made me feel all warm and fuzzy inside, and that’s how I came up with the idea of Tasty Toastys,” the 30-year-old Singaporean said.
She decided to leave her full-time corporate job last year as she had always wanted to start a sleepwear and home goods brand with cosy products, and NFTs seemed to provide the perfect opportunity to kick-start her dream.
“The idea of cute toast characters with their unique, distinct personality also fits in nicely with the idea … and I wanted to create a collection before everyone else jumped on the bandwagon,” she said.
Lee launched Tasty Toastys in January, hoping to use NFTs to build her brand first before jumping into lifestyle products, which are much more expensive to produce.
This proved to be the right decision as the collection has been extremely popular with collectors in the United States, South America and Singapore, with the one-off Toastys swiped off digital shelves as soon as they were released.
While each quirky Toasty has unique traits, the one closest to Lee’s heart is the blank starter Toasty. It was one of the first five Toasty characters, which all have their own backstories.
Though the starter is the most reliable Toasty, he has an identity crisis – as a fan of the cartoon, SpongeBob SquarePants, he wants to explore the ocean without disintegrating – a relatable dream of impossible adventures.
Burnt Toasty, on the other hand, is a daredevil who wears her burn marks, or “scars”, proudly, while MG Toasty, short for multigrain, is perpetually tired from carrying the weight of all the grains on his back.
“All the remaining 7,595 Toastys are derivatives of the five main characters and these little human traits make them more relatable to collectors,” she said.
Building an NFT collection is not all fun and toasty, though. Lee said she learned some hard lessons along the way – one was having to deal with the expectations of those who bought Toastys to make money, rather than appreciating them as works of art.
“Tasty Toastys is a product that I want to creatively put out there in the world to share with everyone,” she said.
However, Lee remains optimistic about Tasty Toastys and the future of NFTs as art and collectibles.
“Digital collectibles make sense to the digitally savvy and the younger generation because they are used to curating online versions of themselves. The way NFT collections are structured, marketed and sold, also taps into how young people use social media as a means to increase their online influence,” Lee said.
Are NFTs really worth the money?
She added that NFTs help artists build credibility and legacy while retaining creative control. Cryptographic signatures embedded in each artwork prove the creator’s ownership, and royalties are automatically paid to them. This gives artists freedom to monetise their work as they are not limited to displaying their artwork in galleries.
And the enterprising founder has huge plans for her line of charming Toastys: a collection of Tiny Toastys, smaller pixel versions of the existing Tasty Toastys.
Lee also hopes to launch physical Toastys products later this year to bridge the digital and physical worlds.
“Regardless of whether it’s NFTs or physical products, it takes the same amount of commitment, hard work and dedication to achieve your dreams,” she shared.
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