NFT

“A series of other elements that are being developed around NFTs and the fractionalization of ownership or different forms of ownership in the metaverse. These are new elements of finance or new elements of the economy, bridges and payment made possible by thes…”

“Well, first off, the innovation in and around the art world, I think, both in terms of digital art, but the changing of ownership and provenance of ownership and returns to the artists. I think that fundamentally a winner.”

“I think the question, one of the most interesting ones will come around hard assets, other hard assets, whether it's real estate, other hard assets, and the fractionalization of those assets, and the ownership, and the way portfolios can be Constructed. So who…”

“So NFTs fall in this camp. Artificial intelligence, machine learning absolutely falls into that campus. Well, ultimately beneficial, but a period of time we're likely to increase inequality.”

“I think long run, you know, this does open up the playing field for really anyone to like directly tap into a fan base or people who want to support them. So I think long-term you're talking about kind of brand new business models and the different model than …”

“That phenomenon, I didn't think was sort of what would drive a wave of excitement around NFTs. You know, I sort of had more of a thesis around, like, games or things that are useful or like inherently useful NFTs versus these like more collectible use cases.”

“A lot of the people who have made the most money from NFTs are probably the people who are already made a lot of money from crypto, for example, right?”

“It's the first time that we have had property rights on the internet, right?”

“I think gaming is this really interesting natural fit for NFTs because people have been buying digital items online For quite some time now and spent, for example, billions of dollars buying virtual clothing and some, a game like Fortnite.”

“I think there's a lot of, like, volatility up and down the technical stack, right? There's, like, underlying blockchains that are shifting around. There's, like, Wallet layers. There's just so many moving pieces that I could see, you know, some of those kind o…”

“All of the smart engineers are working on like, you know, million dollar NFTs to sell, which I, and I love web three and NFTs, and I think it's the coolest technology in opportunity in the world. It's just the early applications are a little bit underwhelming.”

“So I actually, the reason I like OpenSea and NFTs is not because of what you just said. I am not long-term bullish on the social capital aspect of the NFTs. I'm more bullish on sort of the creator based use case of it.”

“I think NFTs will come back in the next cycle.”

“Do I think it's going to be a, an important product in the world in five years, much more important than it is today? Yes, because I think NFTs are important, and because I think an on-ramp to NFTs is is very valuable for people.”

“I would say three to five years, you know, it's likely before that, but you know, with a high degree of conviction, I would say three to five years.”

“AI is something that can actually change consumers' lives. Things that could not be delivered because it took too many human hours, that was too expensive, are now conceivably being delivered for fractions of the cost.”

“Yeah, I mean, I think NFTs are gonna come back in a big way. I, I've said, and I think still you know, NFTs have a good chance to be you know, bigger than cryptocurrencies in terms of mainstream adoption. And the reason is because people, I think more people i…”

“So certainly we look at we looked at it at that time because Robinhood had a big crypto business and we just decided that It didn't make sense, right?”