The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

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Insight
Liu: NFT marketplaces combine exchange economics with consumer marketplace software
“And if you step back and think about it, an NFT marketplace, the business model is really like a crypto exchange, right? But the features, the software that you build looks really like a consumer marketplace.”
Jack Liu May 30, 2022 ▶ 4:11 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
Insight
Liu: NFT market growth comes from creators' use cases, not underlying blockchains
“Growth doesn't necessarily start with the chain, right? It's the creators who create use cases for NFTs, and those use cases pull in new users. Chain is just a technology, just like an operating system on which it lives.”
Jack Liu May 30, 2022 ▶ 13:57 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
Insight
Liu: Profile picture NFTs act as digital status symbols like Rolexes
“And in a way it's your internet version of, I don't know, like a Rolex or something or like a Nike bag. It's your personal branding on the internet.”
Jack Liu May 30, 2022 ▶ 16:08 They sold $400m in NFT's last month, made $8m, broke $200m valuation during Series A
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