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TrendsVC PRO 0050 – Non-Fungible Tokens (NFTs)
Archive: https://archive.fo/tbuX1
Creators and communities will retroactively airdrop tokens. RAC used Zora to give early Twitch, Bandcamp and Patreon fans $RAC.
NFTs will become cash-flowing alternative assets. Guy J sold royalty rights to “Cotton Eyes” for $26,000.
Projects will piggyback on the success of others with interoperable NFTs. KittyRace and KittyHats build on CryptoKitties. These are two, of many, projects in the KittyVerse.
Opportunities
Monetize trust and attention:
3LAU sold Everything Canvas for $77,827.77
Lil Yachty launched a social token with Fyooz
Cyborg partnered with an illustrator for a drop on NFT Gateway
Reward early believers with retroactive airdrops. RAC used Zora. Roll and Unite are other options. Seed Club offers social-tokens-as-a-service.
Incentivize attendance. The Proof of Attendance Protocol lets users collect badges. See this live drop on The Nifty Show using Atomic Hub.
Key Lessons
NFTs are easier to store, authenticate, collateralize, value, transfer, tokenize and secure than physical assets.
Belief drives the price of art and most currencies. Taxes, corporations and nations are also collective hallucinations.
Timing and access, not price, are the primary sorting functions of drops. Brands build hype and leave money on the table with artificial scarcity. This is a flippers’ profit.
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