Ever wondered how a digital asset, an NFT, could be compared to your favourite childhood trading card game? We're about to take you on a wild trip down memory lane, juxtaposing the nostalgia of trading cards with the blazing trails of NFTs. From Spells of Genesis to World of Warcraft, and even the tantalizing concept of McDonald's Monopoly as an NFT, we're about to turn your perspective on its head.
Did you know that big names like Jay Z, Justin Bieber, and the Paul Brothers are not just indulging in the NFT space, but are also contributing to its mainstream popularity? We're going to unravel the celebrity influence over NFTs, and the enormous potential they bring in dictating the future of this space. But it's not all rosy. We'll take a critical look at the challenges involved - the barriers to entry, potential for dilution of original NFTs with the production of additional ones, and the stigma that's still attached.
Finally, we'll explore the possibilities that lie within this realm. Imagine having part ownership of a museum piece or a work of art. Picture a world where every item could theoretically be an NFT. The potential is endless, but it comes with its fair share of concerns. Monopolies, regulation, the effect on virtual economies - we're delving into it all. So join us on Baking Profits as we explore the past, present, and future of NFTs in a way you've never seen before. Buckle up, it's going to be one heck of a ride!
Recorded on 7/11/23
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Exploring the Evolution, Influence, and Future of NFTs