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Take aways on @joinClubhouse with @jerallaire & @jbrukh All Digital Content is Going on Blockchains:
1/ NFT's open up the long tail of capital markets and is possibly the biggest IPO that we've seen in the world. Unlocking a tremendous opportunity for creators & digital artists.
1/ NFT's open up the long tail of capital markets and is possibly the biggest IPO that we've seen in the world. Unlocking a tremendous opportunity for creators & digital artists.
2/ Q: "Why would anyone pay tens of thousands of dollars for a jpeg?" Think of it that you're not buying the picture, you're buying the property rights to the picture. You're buying the right to lend it out, license it, sell the piece, earn royalties, etc.
2.1/ Royalties will become more important for artists and creators. Previously artists didn't have a lot of technology that enforces royalties around their work. We can now create a measure of enforcement of it onchain. Something that previously was almost impossible to do.
3/ Q: "When will we see NFT's that are linked to more physical objects that confer ownership as well?"
Starting to see some examples today. @beeple recent sale 'into the ether' actually come with a physical component that you could redeem.
Starting to see some examples today. @beeple recent sale 'into the ether' actually come with a physical component that you could redeem.
3.1/ the process is going to start at digital content, it's the lowest hanging fruit. Once we get to physical things, it's game over.. the NFT asset class will become as big if not bigger than finance.
3.2/ think about the implications of being able to tokenize and fractionalize deeds and have co-ownership of buildings by many more people than we have today and the capital and possibilities that will unlock.
4/ "Land titling into the NFT's universe?"
Will take time to get regulatory market fit. With real estate in particular there is a bunch of work in security tokens that will probably happen first & getting that compatible with the US legal system. It's a space to keep an
on
Will take time to get regulatory market fit. With real estate in particular there is a bunch of work in security tokens that will probably happen first & getting that compatible with the US legal system. It's a space to keep an
on
5/ Q: "Jake: one thing that captured your imagination this week?" Appraisal games in liquidity problem. Can we get liquidity mechanisms that efficiently price NFT's & create a lot more liquidity in the NFT markets.
One thing that demonstrates in the market today, @TheHashmasks
One thing that demonstrates in the market today, @TheHashmasks
5.1/ we also saw NFTX create a fund that holds HashMasks and creates an NFT cryptocurrency. Token called Mask.. this token tracks the price that represents the average market price of that fund. This is the key to going to the next stage of NFT's as a financial instrument.
If you're interested in more follow @jbrukh or subscribe to his blog: https://brukhman.substack.com/ and @jerallaire who will be diving deeper next week on @dapperlabs NFT Top Shot with @rohamg: the most successful NFT collectible to date.
