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 "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

Thank you to our sponsors! 

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

$MEME: https://medium.com/@dontbuymeme/nft-farming-guide-how-to-stake-meme-and-earn-crypto-collectibles-ac8121e93e8

Links from news recap:

https://unchainedpodcast.com/why-uni-could-be-a-security/