Here is my slide deck from the Legends4Legends conference in Amsterdam
NFTs = unique digital assets
They enable digital property rights
Unlike Bitcoin, NFTs are unique and NOT interchangeable
Uniqueness on the internet can enable a TON of different use-cases
NFTs = unique digital assets
They enable digital property rights
Unlike Bitcoin, NFTs are unique and NOT interchangeable
Uniqueness on the internet can enable a TON of different use-cases
The internet is currently communist. Users add value to a platform but get no value in return
NFTs change that and give users property rights in the digital world
The internet just went from communism to capitalism (HUGE!)
NFTs change that and give users property rights in the digital world
The internet just went from communism to capitalism (HUGE!)
NFTs enable a psychological shift in user's mindsets from renters to owners
As owners, they will spend more time, money and effort into their digital lives
Users can now earn during their activities that are native to the internet (keywords - "native to the internet!")
As owners, they will spend more time, money and effort into their digital lives
Users can now earn during their activities that are native to the internet (keywords - "native to the internet!")
NFTs have value because they enable people to create unique digital objects
An image of the Mona Lisa on the internet is not valuable unless you can determine the uniqueness of that image and the authenticity (blockchain solves those issues)
An image of the Mona Lisa on the internet is not valuable unless you can determine the uniqueness of that image and the authenticity (blockchain solves those issues)
NFT markets today are mostly these "fun/toy-like" uses cases
That being said, these are still massive markets:
- Art ~$65b / year
- Collectibles ~$100b / year
- Video games ~$100b / year
- Virtual land ~$20b / year
- Virtual apparel ~$100b / year
That being said, these are still massive markets:
- Art ~$65b / year
- Collectibles ~$100b / year
- Video games ~$100b / year
- Virtual land ~$20b / year
- Virtual apparel ~$100b / year
NFTs will enter the more "serious" use-cases in the near future. It will take longer to enter these markets because they are highly regulated but the efficiency gains you get from using NFTs cannot be beat so over a long enough time, NFTs will also eat these markets
Nobody cares about "digital gold" "digital money" etc
People want to play games, have fun, socialize, show off, etc
NFTs enable this as they are not pure financial assets. They are assets with imbedded social, emotional and status connections
People want to play games, have fun, socialize, show off, etc
NFTs enable this as they are not pure financial assets. They are assets with imbedded social, emotional and status connections
When I first launched @Sfermion_ in 2019, the total monthly trade volume was ~$1m-$2m / month
Aug 2021, OpenSea (a single NFT marketplace) had $3.4b in trade volume
Aug 2021, OpenSea (a single NFT marketplace) had $3.4b in trade volume
Growth visualized
Top NFT game has ~1.5m users
Top "normal" game has ~200m users
Top NFT marketplace has ~200k users
Top crypto exchange has 68m total accounts
Insane growth ahead
Top "normal" game has ~200m users
Top NFT marketplace has ~200k users
Top crypto exchange has 68m total accounts
Insane growth ahead
NFT markets are very diverse and every market has different value drivers
Study each market and develop and thesis around what drives value within that market
Study each market and develop and thesis around what drives value within that market
Most of our waking hours are spent staring at screens (we are already living digital lives)
Screentime is on the rise across the world and shows no signs of slowing down
Screentime is on the rise across the world and shows no signs of slowing down
Our communication technoogy is becoming more immersive over time
Extrapolate that trend and within 10 years we will be having meetings in virtual reality and our brains will literally think we are there
Extrapolate that trend and within 10 years we will be having meetings in virtual reality and our brains will literally think we are there
Screen time + immersive tech + NFTs = the metaverse
The metaverse is inevitable now that users can truly own their digital stuff if livelihoods
Being able to own your digital stuff = confidence
Confidence = spending more time, money & effort on your digital life
The metaverse is inevitable now that users can truly own their digital stuff if livelihoods
Being able to own your digital stuff = confidence
Confidence = spending more time, money & effort on your digital life
The metaverse will be the worlds largest market
- 4.6 billion internet users (huge population)
- All these people connected to a global, uncensorable, 24/7 financial system (transact with anyone, anywhere)
- NFTs = digital property rights which means massive economic growth
- 4.6 billion internet users (huge population)
- All these people connected to a global, uncensorable, 24/7 financial system (transact with anyone, anywhere)
- NFTs = digital property rights which means massive economic growth
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