Thread by @AndrewSteinwold

1) Digitizing collectibles as NFTs is going to go down as the singular event that caused the collectibles market to blow past $1 trillion in market size.

The physical collectibles market today is +$350B

2) The NFT markets encompass a wide variety of categories

- Collectibles
- Game assets
- Virtual worlds
- Art
- IP
- Loans
- Ticketing
and much more

Now why is digitizing collectibles so exciting?

3) Two reasons. By digitzing collectibles as NFTs you unlock:

1. Distribution of the internet (reach and efficiency)

2. Attached to a global, 24/7, uncensorable financial system

4) Distribution of the internet

Reach - I can show my collectibles to anyone, anywhere at any time + connected to a community of collectors

Efficiency - All physical barriers that cause friction have been removed. I can send collectibles to anyone in the world instantly.

5) A global, 24/7, uncensorable financial system

Ethereum allows me to transact with anyone, in the world, at anytime. No need to deal with expensive wires, changing currencies, banks, etc.

I can transact with someone in Kenya who does biz with someone in Brazil, and so on

6) These two factors massively reduce friction and are going to cause the entire world to become collectors.

It is suddenly not cost-prohibitive for a child in France to collect $5 collectibles and it is suddenly accessible to find a buyer for your ultra-rare $500k collectible

7) Now this point leads to another thought I have about how NFTs are the next form of social media but I will save that thread for another day 😄

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