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Christian Dittmeier: NFTs for the Masses - [Web3 Breakdowns, EP.66]

Making Markets

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The Endowment Effect of NFTs

The endowment effect I think is what it's called is definitely real. Some people were trading green socks for green socks that were not differentiated in any way other than an arbitrage serial number and we're calling it washing socks. It just shows this interesting early connection to digital items that I hadn't seen before. This isn't like a Fortnite skin where you've played with it and it's a sting. These are things people bought but seem to care about far more than you could ever have imagined.

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