The Art of Collectibles

There's collectable as right thereis a top shop which is doing 200 million dollars in volume the last 30 days, and that's just taking bastball cards. So again, it's like kick startor patrion, but with this plus being you actually own a piece of what you help to create. People building fantasy leagues around the assets pepleare collecting. There's also more crypto native versions of these collectables, instead of the nba, theres stuff like crypto punks,. These are little avitars which are limited in series. Some are more valuable than others, tes, crypto sambes. But essentially the behavior is you want to own a piece

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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