Bankless AMA with Devin Finzer, Co-Founder & CEO of OpenSea
Mar 18, 2021
Devin Finzer, Co-Founder and CEO of OpenSea, dives into the booming NFT marketplace, discussing its explosive growth and OpenSea’s pivotal role. He emphasizes the evolution of NFTs as cultural artifacts and their sustainable future compared to past trends like the ICO boom. The conversation highlights advancements in Layer Two solutions, the practicality of decentralized platforms, and the importance of interoperability in enhancing user experience. Finzer also shares insights on the future of NFTs, including programmability and innovative lending features.
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NFT's Growing Market
- NFTs are still evolving and being discovered, offering endless possibilities.
- News includes Gronk's NFT drop and Beeple's $69 million NFT sale, highlighting the growing market.
NFTs vs. ICOs
- NFT growth is driven by various factors, including new applications and increased creator activity.
- This differs from the ICO craze, as NFTs offer more tangible value and community engagement.
NFT Sustainability
- Some see NFT growth as unsustainable, reminiscent of the ICO mania.
- Devin Finzer argues that NFTs differ from ICOs due to their focus on community, art, and direct artist support.