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Unchained

657 EpisodesProduced by Laura ShinWebsite

Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how cry… read more

1:21:27

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

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:

  • their backgrounds, and how they became involved in crypto (1:19)
  • the major catalysts -- specifically Beeple and NBA Top Shot -- that have brought NFTs into the mainstream (5:29)
  • why NFTs are a “megatrend” and not just another ICO-like bubble (13:35)
  • how to explain non-fungible tokens to normies (18:06)
  • what someone is actually purchasing when they buy an NFT (24:46)
  • the reasons behind NBA Top Shot's success and why it is so difficult to withdraw money from its platform (36:27)
  • 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)
  • why the gaming, fashion, and music industries will be disrupted by NFTs (49:37)
  • when the current subscription-based business model for content creators will transition to the ownership economy (55:10)
  • the differences between the marketplaces and platforms that make up the NFT economy (57:06)
  • whether NFT valuations will go to zero and the challenges of appraising digital art (1:03:39)
  • their predictions for the market capitalization of NFTs by the end of 2021 (1:15:23)

 

Thank you to our sponsors! 

Download the Crypto.com app and get $25 with the code “Laura”: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021 

 

Square: https://square.com/go/unchained 

 

Episode Links: 

 

Jamie Burke

 

Mason Nystrom

 

NFT Sales Mentioned

 

NFT Guides

 

Miscellaneous Links: 

Flow blockchain: https://www.onflow.org/primer

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