Unconfirmed (Crypto)

Podcast Notes Key Takeaways

• Whereas a cryptocurrency has many identical units all worth the same, Non-Fungible Tokens (NFTs) represent unique digital assets.
  • For instance, collectibles, 3D models, stock photography, syndicated content, music royalties, movies, articles, blog posts, books, etc.
• NFTs allow creators to sell and license digital content to users in various ways, which opens up liquidity in previously non-tradable paper rights
  • Additionally, blockchain technology replaces privately owned market places with a decentralized smart contract-based system
• Intellectual property rights can apply to NFTs in different jurisdictions, platforms will facilitate agreement terms between buyers and creators

Read the full notes @ podcastnotes.org

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/