5min chapter

The Tim Ferriss Show cover image

#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs

The Tim Ferriss Show

CHAPTER

How to Link Bit Coin to the Digital World Through Smart Contracts

Block chains allow open composibility and programability between all these objects in the disual domain through enther o smart contracts that regulate those. And you can link them to the digital world through social contracts. In theory, an nft can have value, as long as the smart contracts and the social contracts in the community enforcing it have value. Of course, that means most of them aren't, but some of them will. Slome explained for a second how sports betting could be transformed into 'digital sports managers' with players who are bench marked against real world performance.

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