Is Patronage Plus an Incentive to Become a Patron?

Patreon plus is an incentive to become a patron in the first place. When you buy an n ft, you actually own some digital property that can be transferred. You can't do that with your subscription to substack or patrion. But when you buy an enough te you're buying digital property, even if you don't plan to resell. There is this vague idea that maybe in the future some one else will want to buy thisy the creator becomes more popular. So i think a lot of the incentive to participate in n fty market places is the idea that, one you can support the creators whose work you admire. And that's no different from webb too

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Today we are re-sharing my Invest Like the Best conversation with Jesse Walden from March 2021.

Jesse is the founder of Variant, an early-stage venture firm investing in crypto networks and platforms building the ownership economy.

With all the hype surrounding NFTs, I wanted to talk to Jesse about them, given his background in the music industry and his focus on the creator and ownership economy. The conversation did not disappoint. We discuss the basics of what an NFT is, what new creative paradigms they might unlock, and where we are in the NFT hype cycle. I hope you enjoy this discussion with Jesse Walden.

For the full show notes, transcript, and links to mentioned content, check out the episode page here.

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Show Notes

[00:04:19] - [First question] - Simple definition of an NFT

[00:05:22] - What distinguishes NFTs from each other

[00:06:24] - The value chain of a song, and who owns it

[00:12:07] - Monetization and royalties on traded tokens

[00:15:02] - Consumer incentives for purchasing NFTs

[00:19:19] - Long-term passive income and media legos

[00:22:23] - Technical breakdown of minting, hosting, and storing tokens

[00:24:28] - Verification of token ownership on the blockchain

[00:25:58] - NFT marketplaces and aggregators

[00:27:06] - Opensea.io

[00:27:21] - Foundation.app