Keith Montogomery on NFTs, what's "mine," & if NBA Top Shot is legit, plus: Coinbase IPO, a16z invests in Open Sea, John Cleese's NFT Bridge, and the $500,000 NFT house.
Eathan, Josh, and Jeff chat up entrepreneur, mathematician, linguist, futurist, and all-around great guy Keith Montgomery about the real value in NFTs, the future of NBA Top Shot, what ownership actually means, DeFi, & NFT's to improve society. In Hot Topics we cover a16z and Open Sea, and other hot topics.
Eathan, Josh, and Jeff chat up entrepreneur, mathematician, linguist, futurist, and all-around great guy Keith Montgomery about the real value in NFTs, the future of NBA Top Shot, what ownership actually means, DeFi, & NFT's to improve society. In Hot Topics we cover a16z and Open Sea, and other hot topics.
TOPICS
TOPICS
- 0:00 - 1:39 Intro
- 1:39 - 7:52 What is the Real Value in NFTs for Society?
- Physical to Digital Transformation
- From DMV Records, Real Estate Titles to comics etc.
- Keith sees NFTs as licenses
- 7:52 - 10:26 What Happens to NBA Top Shots?
- The Top Shot moment isn’t everything, it is about community and the experience
- 10:26 - 19:02 What does it mean to own something?
- Governments and the redistribution of wealth
- This is a mechanical question
- NFTs will have a major role in ownership
- Evidence like registrations and titles, as well as the legislative and judicial system helps to enforce statements of ownership and what is “mine”, but it is expensive and slow
- Little friction, lots of evidence, low cost required to identify what is mine on the blockchain via NFTs
- 19:02 - 24:10 Decentralized finance and the utility of “mine”
- This enables commerce across borders
- Nike, Tesla, and other brands enabling this from the top down
- Be the change you want to see to help enable change from the bottom up
- Will need adults in the room to handle things like security, access, recalls, etc.
- 24:10 - 29:30 Matterium (what’s mine?), Sheesha Finance (EFT for NFT), Studios working on VR/AR/Games & NFTs, and Give Nation (financial literacy and philanthropy) Project Discussion
- United Nations Sustainable Development Goals that must be solved for humanity to do well
- Blockchain has the ability to add value to society in big ways
- 29:30 - 31:20 Value of NFTs to the gamification of education and rewards compared to what has transpired recently and historically
- Traditional, provincial ways of thinking are being disrupted
- 31:20 - 35:50 Lewis Center for Education (LCER)
- Project-based learning in collaboration with NASA studied the possible presence of water on the moon and proved it via interoperable global collaboration
- Interoperable education is the future and blockchain can make progress exponential
- 35:50 - 39:30 Hype around certain projects can leave people holding the bag. Education is important to mitigate this.
- In many cases, the platforms still control ownership of certain NFTs
- Education around who owns what and knowing what is “mine” can help enable people to know what they are buying
- Just because a project says that they are built on the blockchain or are using NFTs, does not mean that they are well suited to do so
- 39:30 - 44:04 Edge Quick Hitters
- 44:04 - 66:35 Hot Topics
- John Cleese’s Brooklyn Bridge Drawing> A16Z invested $23M in OpenSea
- Coinbase IPO
- MasterWorks.IO
- Digital Home Sells for $500K
- 66:35 - 67:07 Outro
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