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Episode 220 of 235

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

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station description Your No-Hype Resource for All Things Crypto
‎Unchained
Duration: 01:21:28
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 -- specif
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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 Twitter: https://twitter.com/jamie247  Outlier Ventures: https://twitter.com/OVioHQ  Content: the open metaverse: https://outlierventures.io/research/the-open-metaverse-os/  100xARt: https://art.art/blog/jamie-burke-and-100xart-a-true-story-of-the-rising-art-order  podcast: https://outlierventures.io/podcasts/    Mason Nystrom Twitter:  https://twitter.com/masonnystrom  Messari: https://messari.io/  Content: NFTs as an investment strategy: https://twitter.com/masonnystrom/status/1310942572429312010  evolution of content: https://twitter.com/masonnystrom/status/1361692703025729536  psychology of crypto art collecting: https://twitter.com/masonnystrom/status/1365028848509870080  the current state of NFTs: https://twitter.com/masonnystrom/status/1363283887691038720    NFT Sales Mentioned Beeple: https://www.cnn.com/style/article/beeple-first-nft-artwork-at-auction-sale-buyer-intl-scli/index.html  Previous Unconfirmed interview with Beeple: <a href="https://unchainedpodcast.com/beeple-on-ho
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