Why NFTs Are Attracting Everyday People to Crypto - Ep.144
Jake Brukhman, cofounder and CEO of CoinFund, explains why people are excited about non-fungible tokens, how they can be used, and what new behaviors and businesses they might enable. He discusses: what a NFT or non-fungible token is how they can be...
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Show Notes
Jake Brukhman, cofounder and CEO of CoinFund, explains why people are excited about non-fungible tokens, how they can be used, and what new behaviors and businesses they might enable. He discusses:
- what a NFT or non-fungible token is
- how they can be "liquid intellectual property"
- what kinds of digital assets can be turned into NFTs
- what new types of behaviors and new products and services can be created based off NFTs
- why consumers would prefer to use an NFT photo or song vs. one from Shutterstock or Spotify
- why someone would want to buy an NFT when it's so easy to make digital copies of things like art or ebooks or mp3s
- how disputes over digital objects could be adjudicated in a global marketplace
- how NFTs enable fractionalized ownership
- how NFTs can be used as collateral to manage risk
- how NFTs are combining with DeFi to create NFTFi
- how NFTs and NFTFi bring non-crypto people in to the space and expose them to finance
- why the NFT space is much bigger than people probably expect, and how it's drawing a new crowd to crypto
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Crypto.com: http://crypto.com
Cosmos: http://five.hackatom.org
Episode links:
Jake Brukhman: https://twitter.com/jbrukh
CoinFund: https://coinfund.io
CoinFund’s NFT thesis: https://blog.coinfund.io/all-digital-content-is-going-on-chain-ae26a7071657
Rarible: https://rarible.com
Unchained show about Aragon: https://unchainedpodcast.com/how-aragon-hopes-to-improve-on-democracy/
The LAO: https://www.thelao.io
https://twitter.com/thelaoofficial?lang=en
Yield farming on digital collectibles: https://www.coindesk.com/yield-farming-expands-from-finance-to-digital-collectibles-rarible-nfts
NFTFi: https://tokentuesdays.substack.com/p/defi-x-nfts-nftfi
Aavegotchi: https://aavegotchi.com
Links from news recap:
https://unchainedpodcast.com/why-uni-could-be-a-security/