3min chapter

a16z Podcast cover image

NFTs, Explained

a16z Podcast

CHAPTER

Is There a Difference Between a Social Token and an Nft?

The idea of fractional ownership is superimportant, and goes to the things that crypto can uniquely do. You can easily take an onfungible token and fractionalize it into fungible tokens that then can become the social or community tokens. And so that's a fund sort of design space to explore. I still stunned at this idea with top shots, that you can essentially buy and own a moment in a physical sports game. What if people could bid and own moments in their favorite t v shows as ifi theirs, even a millions of people can watch it? The idea that you can own it and its part of your identity is so frick and awesome.

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