NFT

“NFTs, non-fungible tokens, are an embodiment of the same idea, where you have a canonical identifier for a thing. It could be an image, a song, you know, a you know, anything, literally anything. And hooked to it is metadata, and the metadata is arbitrary, and…”

“And so one of the really exciting things to me about NFTs is the idea that you can reintroduce digital scarcity and have Whatever, exclusive album art, exclusive, whatever. Maybe this is, to me, it seems like a very promising new business model, not just for g…”

“I think games will be the first to adopt this stuff because they just tend to be very, kind of, fast cycle time experimental.”

“That's why largely we're not investing in a lot of dApps. I mean, we are playing around with NFTs and games for all the reasons you raised.”

“I think another interesting area is it's fall, it's kind of out of fashion at the moment, but I think we'll come back is NFTs or you know, digital goods.”

“For the creators, what NFTs, NFTs let them do is, is have business models that are much more like the offline models, but they can actually sell things directly to their fans. And a relatively small set of kind of super enthusiastic fans can provide a great bu…”

“The idea that a creator, you know, will, can participate in the economics, not just initial sale, but in the fall sales, right? Which would be, I think a big you know, kind of improvement for a lot of creator economics.”

“We're going to see enhancements to NFTs, so you can buy an NFT, and then there could be an aftermarket for enhancing it, like this image that you have, your background image, Ariana.”

“If you own an NFT, you can borrow against that NFT as collateral. Basically, you can mortgage your NFT, and already we're seeing some companies doing that.”

“I will go on the record and saying that I think it will be a similar era in terms of its impact given what we've seen in only just three months on foundation.”

“Raphael Rosendahl in his two month career so far in foundation has made over 1.3 million dollars sending, selling five NFTs.”

“I think when we look back in this period and we say what sort of NFTs work and what didn't the key dividing line would be community, right? This is why crypto punks is so strong. This is why NBA top shot is so strong. And I think on contrast, you know, there's…”

“And so I think we'll see that emerge in the NFT space where today we just kind of think about these NFTs as singular items, but what happens when you designed them as sets and people want to collect them almost like playing, you know, McDonald's monopoly or so…”

“I'm all of a sudden thinking no more mailing lists, right? Like there's no need for that. No need for spam email. Because it allows people to interact, these creators to interact directly with their fans or people who want to use these products and services.”

“Tricky it is at the moment to buy and sell NFTs on something like Ethereum due to the high transaction costs.”

“One of the interesting things is, and we're starting to see experiments with this is people are holding in, in their own custody physical items, but issuing NFTs for them so that they can be traded around many times before they're actually redeemed for the phy…”

“With an NFT, the exciting thing about it is the moment you turn something in an NFT, it sort of plugs into all of the existing like crypto infrastructure. So when you make an NFT, what do you kind of get out of the box? One is you get a marketplace, right? You…”

“That's sort of one of the magical things about it is you get an open free market from day one the moment you launch your NFT.”

“Right now, it's not being handled at all by the way NFT marketplaces are currently set up. And I think the next wave of NFTs is gonna begin to feature some of these improvements, or I think they're improvements. Some people Some people are going to hate this.”

“This producer that worked with Rihanna decided to do a limited release, an NFT release. He didn't ask permission from nobody, he just did it, right? And it sold out in no time, and it made like 69,000 dollars, call it 70,000 dollars, but the NFT drop impacted …”

“One of my core arguments for NFTs is it does for other forms of media, what virtual goods did for video games. NFTs are virtual goods. They're an adjacent layer of value where you can monetize different things and then give away some of the media.”

“Even with the kind of downturn, there were 8.6 billion in sales of NFTs last year.”

“My friend Nas put out a, an NFT of a song that, you know, had been out, that the album won the Grammy, and the song NFT, you know, made more money than the album even though it came out late.”