The Ledger
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Xie: Players in the Philippines earn living wages playing blockchain games
“There's a DAO called Yield Guild Games that I've been participating and active in, and there have been people in the Philippines who have been earning a living wage playing.”
Xie: Representing tickets and real estate as NFTs creates efficiency benefits
“And if we even talk about the more traditional stuff like NFTs representing tickets or financial assets or real estate, these are just more efficient ways of transferring and without having as many paperwork and middlemen involved. And so this is a net benefit…”
Xie: Blockchain energy criticism will fade as networks adopt layer-2 scaling
“And then increasingly, we're also having more movement towards layer two, like protocols built on top of Ethereum, because people do want to be less energy intensive when it comes to verifying
Ownership on a blockchain.
So there's going to be less of that narr…”
Xie: Permissionless NFT composability contrasts sharply with traditional closed intermediary systems
“It's really powerful when you can plug these NFTs into all these different crypto protocols, because in a traditional system, these middlemen aren't plugging themselves into all these other companies and middlemen. You can kind of freely do whatever you want w…”
Xie: Fungible social tokens are not NFTs unless items are unique
“I don't necessarily think that social tokens themselves are NFTs because sometimes people are creating these tokens that they've minted like a million of them. But if the creator of this group is issuing individual badges or unique items within that, then that…”
Xie: Crypto enables unprecedented models for owning moments and people's lives
“That's what I love about crypto. You can have these concepts that you never really would have thought about otherwise, about being to own moments and media and people's lives.”
Xie: On-chain provenance creates digital status symbols for early NFT adopters
“And the fact that somebody had owned this so early on, it's almost become the status symbol where people want to demonstrate that they can prove their ownership Really early on in this space. And so that ownership history also really matters. Being able to dis…”
Xie: Not everything needs to be a DAO, but they provide transparency
“So I don't think everything has to be a DAO. There are plenty of times where a company makes a lot more sense, but what's really interesting about DAOs is there's a lot more transparency.”
Xie: NFTs represent both digital goods and physical asset claims
“This can be a really broad set of assets from digital goods like virtual lands and artwork to a claim on physical assets like real estate or clothing items.”
Xie: Crypto projects are fractionalizing NFT art for decentralized exchange trading
“We also have a lot of projects that are working on fractionalizing NFT art. So splitting up these NFTs into multiple pieces, and these individual pieces are also tracked on the blockchain, and you can trade them through decentralized exchanges.”
Xie: Crypto users are putting up NFT art as collateral for loans
“I've also seen people Put up the artist collateral and then get out a loan for it.”
Xie: Yield Guild Games members actively lease their game NFTs to others
“What we've actually seen in this DAO is players within this DAO leasing out NFTs to other players.”