The Implications of NFTs for Creators

For those that have not heard of NFTs before: It stands for Non Fungible Tokens and they have gotten some attention recently, when a jpeg image got sold for USD70M.

NFT

In essence, an NFT is a token or a "digital document" that is created on the blockchain and verifies securely the owner of even a digital asset. Now, the first ever Twitter post by Jack Dorsey, the video showing Michael Jordan's last game can actually be sold as an NFT and there will only be one digital Original.

It matters, because NFTs open up a huge secondary market for people to trade things that weren't tradeable before.

This is also the reason why a jpeg can sell for such a huge amount, because all of a sudden, it is not replicable anymore and only one person holds custody over the original.

If you want to learn more about NFTs - this is a really good podcast about NFTs from the folks of a16z.

I get quite excited about NFTs and here is why
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The Virtual Relationship Era

Exactly a year ago during lockdown in Singapore, I found myself in a position where I meaningfully connected with someone virtually and digitally first before actually meeting. Now again, I connected with someone virtually first and have only recently met thereafter (it went well )—it's becoming a pattern.

Lockdowns and travel restrictions have absolutely changed the way we date.
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The Virtual First Company a Vision

A year ago, we moved cities for work, lived in prime locations to optimize for our commute and now Covid-19 makes us challenge these "non-negotiables". 

Many of my friends have escaped the city to go digital nomading in Cape Town or on paradise-like islands.

It is as if our dream to live by the sea "when we have enough money" all of a sudden becomes reality and without our doing (at least for me, I am still not at the "enough money" state, you?) 

That's crazy scary. 

Because location used to be a key boundary along which we would strive and optimize life for, but now we don't have to anymore. How do we optimize then? Would we move our families to smaller cities, but larger houses and work remote? Would we live in places we always dreamed of?
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Around Video Tool

I've been testing a few alternatives to Zoom and MS Teams and have really enjoyed around.co

Unlike traditional video conferencing tools, around has bubble-like "windows" for each call participant that hover on your desktop. The bubbles are not so much in your face, so when you present something, you can actually see people's facial expressions

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Book Range

I am currently reading Range by David Epstein. It was recommended by a Venture Capitalist friend of mine who is not only an inspirational VC but also a super hardcore sports person - a very wide-ranged person.

While I haven't finished the book yet, I really like the premise of the book (generalists triumph in a specialized world).

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