Empire cover image

Arbitraging Culture in Size | Meltem Demirors

Empire

00:00

NFTs - What's the Challenge?

I'm not that excited about NFTs. To be honest, I think most NFT communities have zero substance because precisely for this reason, people expect utility. The challenge to me with NFTs is how do you build these concentric growing circles of monetization at different price points around these NFTs? Number one, the NFT is largely inaccessible,. An NFT that costs $5,000 or one ETH even, right? Which right now is like $1,300. That to people in crypto seems okay. But like the average person doesn't have $13 lying around to buy access to culture.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app