a16z Podcast

NFT Use Cases, Today and Tomorrow

May 19, 2021
The discussion unpacks the explosive evolution of NFTs and their potential to reshape ownership economies. Emerging careers in the NFT landscape highlight unique job opportunities born from the crypto art scene. The talk also explores the revolutionary prospect of tokenizing both digital and physical assets, expanding markets and enhancing ownership flexibility. Creators gain newfound relationships with audiences, selling directly to fans while accessing exclusive content. Finally, the concept of remixing NFTs promises exciting innovations for future interactions.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Tokenization of Everything

  • NFTs enable the tokenization of everything, from digital art and collectibles to tweets and even physical assets.
  • This expands beyond the initial focus on financial assets, creating new markets and opportunities.
INSIGHT

NFTs for Physical Goods

  • NFTs provide additional utility for physical goods by connecting them to the crypto ecosystem.
  • This allows for easier trading, fractional ownership, and access to DeFi services like loans.
ANECDOTE

Virtual Worlds and the Metaverse

  • Devin Finzer explored virtual worlds and even sought a virtual real estate agent for OpenSea headquarters.
  • These virtual worlds are becoming early examples of a metaverse, with potential for integrating various NFT projects.
Get the Snipd Podcast app to discover more snips from this episode
Get the app