Capital Allocators – Inside the Institutional Investment Industry a16z Podcast with Linda Xie and Jesse Walden - All About NFTS (Capital Allocators, EP.189)
Apr 15, 2021
Linda Xie from Scalar Capital and Jesse Walden of Variant Fund dive into the dynamic world of NFTs. Xie clarifies what NFTs are and tackles common myths, while Walden illustrates their rich potential across industries. The duo discusses the minting process, the concept of digital ownership, and how DAOs are reshaping creativity and patronage in art and gaming. They also confront the environmental concerns surrounding NFTs, advocating for sustainable practices. A riveting exploration of digital asset evolution!
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NFTs: Beyond Digital Art
- NFTs are unique digital assets tracked on a blockchain, representing ownership.
- They can represent digital or physical items, expanding beyond just art.
Digital File Ownership
- NFTs make digital files ownable, similar to owning physical media.
- They act like uploading a file to the blockchain, enabling provenance tracking.
Crypto's Key Property
- Crypto's key property is enabling ownership and tracking without intermediaries.
- This eliminates third parties like banks or art world notaries.