Markets

• Ticketing
• Documentation
• Media
• Identity
• Events (live)
• Gaming
• Music
• Sports
• Books

Obstacles

• You don’t understand the psychological value of owning art
• Try to find something more practical than psychological value

Concepts

• Ownership
• Psychological value
• Programmable NFTs
• Programmable money
• Fungability: value/price is obvious to everyone
• Ex. All loonies are the same value, not all diamonds are equal
• Token: unique identifiers stored on blockchain that’s assigned to an owner
• DAO: Decentralised Autonomous Organisation
• Shared identity
• Social currency

Benefits

• Blockchain = single point of truth

Analogies

• Merit badges
• Hand stamp or bracelet in live events
• University student card
• Hospital wristband
• Game/virtual marketplace

eBooks

• Transfer of ownership
• Benefit to og source upon resales
• Limiting supply in order to increase resale

Resources

NFTs Explained With Non-Technical Examples

NFTs are tipped to be the most important technology innovations of this century. But what are NFTs? Why are NFTs valuable? Why are some future applications o...

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