NFT Unpack

Digital real estate has always had value. What’s different about web3 is that digital asset paradigms like non-fungible tokens (NFTs) make it possible for individuals to uniquely own – not just rent – specific pieces of digital real estate and metaverse land and locations for private or shared use. Blockchains, a core web3 technol

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The real story is that NFTs are a key building block for a new wave of web3 services that radically alter the economics of the Internet, redistributing value and control from tech giants back to users, developers, and small firms.

In the long run, the market will need to contend with the transaction and environmental costs currently associated with using crypto technology. We will also need to establish more explicit legal frameworks around NFT ownership, and clarify how NFTs relate to existing forms of ownership rights — especially around intellectual property. At the same ... See more

The final pixie dust to tie all of this together is NFTs - this year’s set of ideas for how crypto can get from pipes and rails to applications - to a Netscape moment. Can NFTs, money, creators, collectibles, games, tokens and skins provide a new economic, incentive and experience layer that ties together games, VR, place, identity and broader popu... See more