1/5 How do I explain the potential of NFTs to non-crypto folks?
Simply:
Via NFTs we just added property rights to the internet
A place with 4.6 billion people AND these ppl are connected through a global, uncensorable, 24/7 financial system
Simply:
Via NFTs we just added property rights to the internet
A place with 4.6 billion people AND these ppl are connected through a global, uncensorable, 24/7 financial system
2/5 What are some past examples of a country adding property rights to its economic system?
China
In 1978, China enacted reforms to open its economy from a communist-style system to a more open capitalistic-based system
A mere ~40 years later, the growth has been staggering
China
In 1978, China enacted reforms to open its economy from a communist-style system to a more open capitalistic-based system
A mere ~40 years later, the growth has been staggering
3/5
China GDP
- 1978 - $149.54B
- 2020 - $14,722.73B
Increase of 9745%!!
GDP per capita
- 1978 - $132
- 2020 - $10,500
Increase of 7854%!!
This is a country with ~1.2 billion people and a financial system that is anything but frictionless
China GDP
- 1978 - $149.54B
- 2020 - $14,722.73B
Increase of 9745%!!
GDP per capita
- 1978 - $132
- 2020 - $10,500
Increase of 7854%!!
This is a country with ~1.2 billion people and a financial system that is anything but frictionless
4/5
Now look at our current situation
- 4.6 billion people (nearly 3x more than China)
- Anyone w/ internet can create assets (NFTs)
- Communicating business at the speed of the internet
- Transacting on top of a (comparatively) seamless financial system
= WORLDS LARGEST MARKET
Now look at our current situation
- 4.6 billion people (nearly 3x more than China)
- Anyone w/ internet can create assets (NFTs)
- Communicating business at the speed of the internet
- Transacting on top of a (comparatively) seamless financial system
= WORLDS LARGEST MARKET
5/5 NFTs will not only become the world's largest market but also the fastest growing market because the frictions are so low
No need to mine resources in Australia, send resources to factory in China, create widget and then ship to America
This is markets at the speed of light
No need to mine resources in Australia, send resources to factory in China, create widget and then ship to America
This is markets at the speed of light
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