Techmeme Ride Home (Bonus) What Are NFTs? With CoinDesk's Brady Dale
Mar 6, 2021
Brady Dale, a leading writer for Coindesk, dives into the NFT phenomenon and its explosive impact on the digital art world. He unpacks the historical skepticism that NFTs faced and highlights pivotal moments, like Beeple's landmark sales. The discussion covers the dynamics of major NFT marketplaces, ownership complexities, and innovative applications like fractional ownership. Brady also touches on how NFTs are reshaping the music industry, potentially transforming artist revenue streams in exciting and lucrative ways.
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Ansel Adams Analogy
- Brady Dale suggests Ansel Adams' photography as a better analogy than the Mona Lisa for NFTs.
- Adams treated prints like valuable paintings, challenging the idea of mechanical reproduction's impact on value.
Meme-ified Art's Value
- Artwork value increases with public awareness and recognition, making widely-known memes potentially valuable as NFTs.
- The Nyan Cat NFT sale exemplifies this concept.
NBA Top Shot's Rise
- The NBA Top Shot's success demonstrates the appeal of owning unique digital moments.
- A LeBron James dunk video is arguably more captivating and representative than a static rookie card photo.