Magic Beans

NFTs are for proof of ownership. He thinks digital proof of ownership will be issued for cars, houses, diplomas, etc.  At its core NFTs is basically a webpage and the technology is basically a blank slate.  It’s extremely speculative right now. A lot will go to zero. The market is irrational.  Not a pyramid, it’s just people buying i... See more

In the future, purchasing an NFT will entitle the owner to certain rights related to its content: the right to own and keep; the right to sell, license, and lend; as well as the right to royalties, the right to confer reuse (i.e. “movie rights”), and so on. That’s why taking a photograph of the Mona Lisa is not the same as actually owning Leonardo ... See more

The final pixie dust to tie all of this together is NFTs - this year’s set of ideas for how crypto can get from pipes and rails to applications - to a Netscape moment. Can NFTs, money, creators, collectibles, games, tokens and skins provide a new economic, incentive and experience layer that ties together games, VR, place, identity and broader popu... See more

NFTs [1] are not just cat pictures that people trade on blockchains. Today digital art [2], collectibles [3], and in-game assets [4] are the most visible use cases for these nifty non-fungibles. But the market holds an inconspicuous secret: there is a staggering diversity of online digital content that can be placed on a blockchain in the form of N... See more