Digital Scarcity (Explicit)
Blockchains enable digital scarcity. This is enabling new business models, just as digital abundance did before it. (Explicit, because beeple likes swearing)
The Swyx Mixtape · Swyx
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Show Notes
Beeple made one piece of digital art a day for 10 years. He had never been directly paid for this work before. In one weekend, he auctioned it off for $3.5 million. How?
The direct answer is Non-Fungible Tokens (NFTs) on Nifty Gateway.
The general answer is that blockchains create digital scarcity. Naval explains.
Sources:
- Beeple on Unchained podcast
- Naval on Tim Ferris podcast
- Beeple on School of Motion podcast