NFTs: Beyond Art (Technium Podcast S02 E03)

The Technium

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.

Follow us for new videos every week on web3, cryptocurrency, programming languages, machine learning, artificial intelligence, and more!

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