How NFTs Are Revolutionizing How Creators Make Money - Ep.220

Published: March 16, 2021, 7:30 a.m.

b"Jamie Burke, CEO of Outlier Ventures, and Mason Nystrom, a research analyst at Messari, discuss the NFT craze that has enveloped the crypto world over the past few weeks. In this episode, they talk about:\\n their backgrounds, and how they became involved in crypto (1:19)\\n the major catalysts -- specifically Beeple and NBA Top Shot -- that have brought NFTs into the mainstream (5:29)\\n why NFTs are a \\u201cmegatrend\\u201d and not just another ICO-like bubble (13:35)\\n how to explain non-fungible tokens to normies (18:06)\\n what someone is actually purchasing when they buy an NFT (24:46)\\n the reasons behind NBA Top Shot's success and why it is so difficult to withdraw money from its platform (36:27)\\n the best way to scale NFTs and why Ethereum, despite severe storage limitations, will most likely remain the most popular blockchain on which to mint NFTs (41:44)\\n why the gaming, fashion, and music industries will be disrupted by NFTs (49:37)\\n when the current subscription-based business model for content creators will transition to the ownership economy (55:10)\\n the differences between the marketplaces and platforms that make up the NFT economy (57:06)\\n whether NFT valuations will go to zero and the challenges of appraising digital art (1:03:39)\\n their predictions for the market capitalization of NFTs by the end of 2021 (1:15:23)\\n \\xa0\\n Thank you to our sponsors!\\xa0\\n Download the Crypto.com app and get $25 with the code \\u201cLaura\\u201d: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021\\xa0\\n \\xa0\\n Square: https://square.com/go/unchained\\xa0\\n \\xa0\\n Episode Links:\\xa0\\n \\xa0\\n Jamie Burke\\n Twitter:\\n \\nhttps://twitter.com/jamie247\\xa0\\n \\n Outlier Ventures:\\n \\nhttps://twitter.com/OVioHQ\\xa0\\n \\n Content:\\n the open metaverse: https://outlierventures.io/research/the-open-metaverse-os/\\xa0\\n 100xARt: https://art.art/blog/jamie-burke-and-100xart-a-true-story-of-the-rising-art-order\\xa0\\n podcast: https://outlierventures.io/podcasts/\\xa0\\n \\n \\xa0\\n Mason Nystrom\\n Twitter:\\xa0\\n \\nhttps://twitter.com/masonnystrom\\xa0\\n \\n Messari:\\n \\nhttps://messari.io/\\xa0\\n \\n Content:\\n NFTs as an investment strategy: https://twitter.com/masonnystrom/status/1310942572429312010\\xa0\\n evolution of content: https://twitter.com/masonnystrom/status/1361692703025729536\\xa0\\n psychology of crypto art collecting: https://twitter.com/masonnystrom/status/1365028848509870080\\xa0\\n the current state of NFTs: https://twitter.com/masonnystrom/status/1363283887691038720\\xa0\\n \\n \\xa0\\n NFT Sales Mentioned\\n Beeple: https://www.cnn.com/style/article/beeple-first-nft-artwork-at-auction-sale-buyer-intl-scli/index.html\\xa0\\n Previous Unconfirmed interview with Beeple: https://unchainedpodcast.com/beeple-on-how-and-why-he-raked-in-3-5-million/\\n\\n Taco Bell: https://www.theverge.com/2021/3/8/22319868/taco-bell-nfts-gif-tacos-sell\\xa0\\n 3LAU: https://edm.com/gear-tech/3lau-record-breaking-nft-sale\\xa0\\n Jack Dorsey Tweet: https://v.cent.co/tweet/20\\xa0\\n Kings of Leon album: https://www.maxim.com/entertainment/kings-of-leon-releases-album-in-nft\\xa0\\n NBA Top Shot: https://www.actionnetwork.com/news/nba-top-shot-blockchain-nba-highlight-marketplace\\xa0\\n \\xa0\\n NFT Guides\\n New York Times: https://www.nytimes.com/2021/02/22/business/nft-nba-top-shot-crypto.html?utm_source=morning_brew\\xa0\\n DappRadar: https://dappradar.com/blog/what-are-non-fungible-tokens-nfts\\xa0\\n Andrew Steinwold: https://andrewsteinwold.substack.com/p/-quick-overview-of-the-nft-ecosystem\\xa0\\n Decrypt: https://decrypt.co/resources/non-fungible-tokens-nfts-explained-guide-learn-blockchain\\n\\n CoinDesk: https://www.coindesk.com/nfts-became-art-everything-nft\\xa0\\n \\xa0\\n Miscellaneous Links:\\xa0\\n Chris Dixon blog: https://a16z.com/2021/02/27/nfts-and-a-thousand-true-fans/\\xa0\\n NFT market cap: https://nonfungible.com/market/history\\xa0\\n Outlier Ventures decentralized accelerator program: https://outlierventures.io/base-camp/\\xa0\\n Top NFT marketplaces (DappRadar): https://decrypt.co/resources/non-fungible-tokens-nfts-explained-guide-learn-blockchain\\xa0\\n Jesse Walden\\u2019s \\u201cOwnership Economy\\u201d: https://variant.mirror.xyz/T8kdtZRIgy_srXB5B06L8vBqFHYlEBcv6ae2zR6Y_eo\\xa0\\n Flow blockchain: https://www.onflow.org/primer\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"