Kayvon Turanian, Founder and CEO of Foundation, presents a case study at the a16z NFT Summit illustrating how global creators use web3 platforms to access international markets.
“They minted six pieces with us this weekend. They were able to sell it for a total of 40 Ethereum which is actually totaling over 50,000 dollars.”
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More from Kayvon Turanian
PredictionNot checkable as stated
Kayvon Tehranian predicts the NFT movement will match the Renaissance's cultural impact
“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.”
Kayvon TuranianMay 19, 2021▶ 16:31NFTs and the Creator Economy
Opinion
Kayvon Tehranian: Nyan Cat is more recognizable than the Mona Lisa
“I would argue it's probably more recognizable than the Mona Lisa”
Kayvon TuranianMay 19, 2021▶ 3:54NFTs and the Creator Economy
AssertionPartly supported
Rafaël Rozendaal made over $1.3M selling five NFTs on Foundation
“Raphael Rosendahl in his two month career so far in foundation has made over 1.3 million dollars sending, selling five NFTs.”
Kayvon TuranianMay 19, 2021▶ 7:03NFTs and the Creator Economy
AssertionSupported
Nyan Cat NFT sold for 300 Ethereum on Foundation
“Ultimately, through the course of the auction, the piece went for 300 Ethereum.”
Kayvon TuranianMay 19, 2021▶ 4:23NFTs and the Creator Economy
What-if
Traditional payment friction would make global artist sales impossible without blockchains
“Without any obstacle around customs, foreign exchange, wire transfers that would have perhaps, perhaps made this interaction impossible without blockchains and without foundation.”
Kayvon TuranianMay 19, 2021▶ 6:08NFTs and the Creator Economy
AssertionSupported
Edward Snowden's NFT sold on Foundation for 2,224 Ethereum ($5.5M)
“This piece sold for 2224 Ethereum. In today's prices, that's 7.5 million dollars. At the time of the auction, that was 5.5 million.”
Kayvon TuranianMay 19, 2021▶ 9:19NFTs and the Creator Economy
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