Coinbase: Around The Block The NFT Revolution
Nov 3, 2021
In this engaging discussion, G-Money, an anonymous NFT collector with a track record in CryptoPunks and Bored Apes, explores the NFT revolution. He delves into why NFTs resonate with both creators and collectors, emphasizing their role in self-expression and identity in the digital age. G-Money explains the importance of provenance by comparing digital assets to renowned artworks, predicts the rise of play-to-earn gaming, and highlights how NFTs empower creators by eliminating traditional gatekeepers. A fascinating look at the future of digital ownership!
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NFTs Encode Digital Uniqueness
- NFTs are unique digital tokens that represent one-of-a-kind items and map to the concept of scarcity in the digital world.
- Treat NFTs as a way to encode uniqueness and provenance for digital goods people care about.
Choosing A Digital Persona
- G-Money chose a pseudo-anonymous identity and uses a CryptoPunk avatar to represent his digital persona.
- He framed this choice as prioritizing reputation and persona over revealing his real name or face.
Real-World Assets Map To NFTs
- Everything physical that varies by condition or provenance is non-fungible, so many real-world assets map to NFTs.
- As assets digitize, they will likely appear on-chain as NFTs to capture uniqueness and provenance.