Seven types of NFTs 🧵
NFT are new digital primitives, similar in flexibility and generality to past digital primitives like the website. ​​
NFTs are a simple set of blockchain standards that enable genuine ownership in a way that is interoperable, re-mixable, and secure.

For the first time, users can now genuinely own digital objects.
We are starting to see different varieties of NFTs emerge. Here are 7 types of NFTs I’m excited about.
■ Art. These can be part of a collection like Punks and Bored Apes, or 1/1 art like you find on sites like Foundation and SuperRare.
People like collecting digital art for the same reason people like physical art, fashion, baseball cards etc – a mix of aesthetics, patronage, status, collecting, and socializing.
■ Music. Music is a particularly important area for NFTs because web2 pays out very little to musicians.

A bunch of new music NFT projects have launched recently, including,, and
Here is a fully on-chain song NFT that was created using Arpeggi’s composing tool.… is doing NFT song drops where the NFT is a collectible and also let’s you join a small audience of super fans.…
■ Access. NFTs make tickets low friction and widely interoperable.

You can use them to replace traditional tickets, lowering friction and making them more interoperable.

A more native use case is digital access, like a private discord server or video lessons.
■ Game objects. Web2 gamers spend about $40B/year on virtual goods. But users don’t really own those objects, the company does. And the objects cannot interoperate and compose across games.
As we’ve seen again and again in the history of tech, interoperability and composability dramatically accelerate innovation.
NFTs allow users to genuinely own the objects, flipping the polarity: games build around user-owned objects instead of users having to depend on the game.
Pioneering games like Axie Infinity and Top Shot kicked off a wave of new web3 game development. Many of these projects should launch next year.
■ Redeemables. Unisocks was a whimsical pioneer of the model where a token could be redeemed for a physical good. This mechanism can be applied to lots of offline goods.
For example, many high-end collectors of physical goods keep their collections in a vault. You could create a digital token representing them, letting them be showcased and traded digitally, reducing friction and intermediaries, and expanding the UX possibilities.
■ Identity. The web2 way of handling personal information has failed. Your sensitive personal information has been hacked many times. Handling passwords is a mess. Long privacy policies and terms of service get changed on a whim.
Contrary to what you might think from reading the news, blockchains like Bitcoin and Ethereum have never been hacked.

In web3, users are in charge: there is no centralized database to hack or sell.
Today this means a better way to login ( & identify yourself in an interoperable way using systems like ENS.

Later, you might store and selectively reveal other aspects of your identity using NFTs for things like records, credentials, and reputation.
■ Web2 databases. Using cryptographic methods and decentralized data stores, you can extend NFTs to anything stored in a centralized web2 database today.
This could be something simple like your viewing preferences or much more advanced things like your entire social graph.

This would allow you to switch from one service to another seamlessly – and have full control of your own data, a key part of the web3 vision.
This year we’ve seen an explosion of innovation around NFTs. This will likely continue for many years as it’s still extremely early in the evolution of web3.

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Chris Dixon

Chris Dixon Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @cdixon

7 Dec
Mary Meeker used to have a great metric she tracked called the “attention gap” — the gap between where people spent time and where advertisers spent dollars.
Believe it or not, back in the 2000s a popular argument was that although the internet was popular, internet businesses wouldn’t be financially successful.
Business Insider ran an op-ed as recently as 2010 arguing that Facebook and Twitter couldn’t succeed as for-profit businesses.
Read 14 tweets
6 Dec
No people I know who understand security would allow a surveillance speaker like Alexa or Google Voice in their house.
Long complicated privacy policies that users don’t understand.

Record you and send audio off to random 3rd-parties to “improve the system.”

Advertising-based business models where the incentive is always to surveil more.
Apple at least has a mostly hardware-based business model and has very publicly made privacy the focus. And we are probably stuck with the iPhone. So keep your iPhone but get rid of the rest.
Read 4 tweets
4 Dec
This clip is making the rounds of David Letterman and Bill Gates back in 1995 discussing the internet. Here is @jason discussing it. It's worth watching.
It’s easy to laugh at Letterman but in fact he was just expressing the consensus view at the time. In 1995, the best use cases that someone as smart as Gates could come up with were things you could already do with radios and tape recorders.
Of course what Gates understood was that the internet would rapidly improve and eventually unlock the internet-native experiences that we enjoy today.
Read 11 tweets
30 Nov
Messaging services— whether Twitter-like or Discord-like—should be built on open protocols, the way email is.
“But how do people make money?“

Hundreds of billion dollar businesses have been built on SMTP (and of course HTTP).
“What about spam and other bad things?”

As with SMTP and HTTP, we have legal system, plus providers (gmail etc) can filter (but are constrained from turning evil because the user switching costs are low).
Read 4 tweets
30 Nov
I gained a lot of respect for Paul McCartney watching the new Beatles documentary.

The whole thing is great and reminds me also of Apollo 11 which was also great.

Both great recent documentaries.
I don’t understand why this amazing footage for both documentaries sat unused for so many years.
What was the constraint? Filmmakers who cared? Money? It’s amazing this stuff just sat there.
Read 4 tweets
28 Nov
Blockchains are virtual computers that run on top of a network of physical computers that trade off performance (overhead of consensus mechanism) for the novel property that you can make credible long-term commitments to users and developers.
Therefore it is correct but not interesting to say blockchains are less performant that an individual computer controlled by, say Google or Facebook.
If you want to trust your business or you personal life to a computer owned by Google or Facebook, that’s great.

I wouldn’t. Many of us would like to opt out and try a different model.
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!


0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy


3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!