NFTs: Beyond Art (Technium Podcast S02 E03)

Show Notes

Non-Fungible Tokens (NFTs) are unique digital collectibles that are represented on a blockchain in the form of a token. NFTs make it possible to own digital media assets in the same way that you can own a digital currency asset, like Bitcoin.

We discuss various applications of NFTs outside of art, and its potential as a building block for future applications.

Links/Resources:

• Girl with House on Fire Meme. https://knowyourmeme.com/memes/disaster-girl
• Ethereum Name Service https://ens.domains/
• Party Bid to Fractionalize NFTs https://www.partybid.app/
• Flash Loans https://coincodecap.com/flash-loan
• Aavegotchi https://aavegotchi.com/
• Uniswap https://uniswap.org/
• 3LAU and NFTs https://decrypt.co/59788/musician-3lau-sells-album-in-nft-form-for-11-million
• Demand Curves https://corporatefinanceinstitute.com/resources/knowledge/economics/demand-curve/
• Davie Bowie on the relationship of media and the internet https://www.youtube.com/watch?v=FiK7s_0tGsg&t=636s
• Skeuomorph https://en.wikipedia.org/wiki/Skeuomorph
• ERC-998 Composable standard https://github.com/ethereum/EIPs/blob/master/EIPS/eip-998.md
• Neolastics https://neolastics.com/
• Latent Space https://stats.stackexchange.com/questions/442352/what-is-a-latent-space
• Jack Dorsey Tweet for $2.9 million https://v.cent.co/tweet/20
• Schelling Point https://medium.com/@willemvandenbergh_85885/on-schelling-points-network-effects-and-lindy-inherent-properties-of-communication-c4eb69b55c60
• Invoice Refactoring https://en.wikipedia.org/wiki/Factoring_(finance)
• Accruing Value in a Value Chain https://stratechery.com/2015/netflix-and-the-conservation-of-attractive-profits/
• The Technium NFT! https://opensea.io/assets/matic/0x2953399124f0cbb46d2cbacd8a89cf0599974963/73071695664951725756103887812533794393262849524101052862455651661423314993153

Chapters:

0:14 Intros
2:00 What are Non-fungible Tokens?
7:21 Ethereum Name Service domains are NFTs
20:05 "Non-fungible" only notable in the digital world
22:54 NFTs are Digital Native Objects
26:21 Fractionalizing NFTs
31:46 NFTs as Collateral
36:02 NFT as Social Proof
42:15 NFT as meme-ified finance
44:36 Permissionless Composability of NFTs
51:15 NFTs for Community Building
55:41 The Curator Economy
1:00:29 Creator Feedback Loop with Fans
1:07:15 Permissionless Remixing
1:10:28 We're still making Skeuomorphs
1:13:43 Content Agnostic and Responsive
1:20:37 Owning the Latent Space
1:24:09 Financialization of Memes
1:30:50 NFTs as boring assets
1:42:27 NFTs Scaled Up and Down
1:49:50 Yet Another Building Block

===== About “The Technium” =====

The Technium is a weekly podcast discussing the edge of technology and what we can build with it. Each week, Sri and Wil introduce a big idea in the future of computing and extrapolate the effect it will have on the world.

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What is The Technium?

The Technium is a weekly podcast discussing the edge of technology and what we can build with it. Each week, Sri and Wil introduce a big idea in the future of computing and extrapolate the effect it will have on the world.