<center> [![](https://media.3speak.tv/wtaewjba/thumbnails/default.png)](https://3speak.tv/watch?v=marketingmonk/wtaewjba) ▶️ [Watch on 3Speak](https://3speak.tv/watch?v=marketingmonk/wtaewjba) </center> --- For 7 Best DeFi Strategies To Make You Money click https://cryptoversity.krtra.com/t/En8qC4kR7udT --- Talking points: So we are in the age of tokenization. Most people in crypto are well aware that we’ve begun to tokenize currency but there’s scope to tokenize almost everything. You said to me there is fungible and non-fungible tokenization. Can you explain that part first please? Can you give some examples of fungible and non-fungible tokenization? NBA Top Shots and Hashmasks So NFT is the term to describe non-fungible tokens. I’ve noticed there are some defined categories that the NFT space is broken into, with some overlap. Can you describe some of those categories for us? Digital artworks Digital collectables (cards, NBA TopShots etc) Playable NFTs / in-game items Asset Titles How and why do NFTs acquire value considering they are so easy and cheap to create? Where does the value come from? Digital art is what the initiate craze seems focused on It’s kind of opposite to why we like digital media (i.e. it’s almost free to create additional copies of it), yet an NFT is supposed to be unique So an NFT of a song is what? Like a copy signed by the artist? Making it a more valuable copy than the rest of them? What are all the ways someone can invest in the NFT space? Speculate on the NFTs themselves (like digital artworks) Invest in NFT minting platform? (Rarible) Invest in creating NFTs and selling them (And earn fees when ownership changes) Other Can you give a couple of examples of NFTs that have sold for crazy money? CyberPunk recently went ro $12m at Sotheby's Photo that inspired the Dogecoin project sold as an NFT for $4m Was that sold by the original photographer? Or did someone just download the image from Google, turn it into an NFT and sell it for $4m? Are people buying these with the anticipation of a higher future value? Or is it worth that much for them to own it for the bragging rights? What about the tokenization of investable assets? Real estate Any asset that has a title document that can be transferred simply becomes an NFT instead of a piece of paper What are the benefits? It would speed up the process of transferring asset ownership In the UK you go online and fill out a form to transfer vehicle ownership to a new person NFTs simply move that ownership database onto the blockchain, removing that middleman A smart contract could act as an autonomous escrow. I send the title token to the contract It holds it until you send the money to the same smart contract Then the smart contract sends the title token to you and the money to me What else will get tokenized as NFTs? Making asset titles NFTs also opens up the possibility of fractional ownership I’ve also seen platforms that allow you to lend out your NFT I can understand this for in-game items But why would anyone want to borrow a piece of digital art? --- ▶️ [3Speak](https://3speak.tv/watch?v=marketingmonk/wtaewjba)
author | marketingmonk | ||||||
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permlink | wtaewjba | ||||||
category | hive-135551 | ||||||
json_metadata | "{"tags":["nft","marijamatic","chrisconey","crypto","blockchain"],"app":"3speak/0.3.0","type":"3speak/video","image":["https://media.3speak.tv/wtaewjba/thumbnails/default.png"],"video":{"info":{"platform":"3speak","title":"Turning EVERYTHING Into #Crypto #NFT #Tokenization - (Chris Coney & Marija Matic) WCSS:008","author":"marketingmonk","permlink":"wtaewjba","duration":2642.872022,"filesize":2054868695,"file":"sUrKULLNqqUyXTQbWJiOqiLWWXijyHGlRHXYdyWZVNhobwmoLElmbDMpoRwwrPpa.mp4","lang":"en","firstUpload":false,"video_v2":"false","sourceMap":[{"type":"thumbnail","url":"https://media.3speak.tv/wtaewjba/thumbnails/default.png"}]},"content":{"description":"For 7 Best DeFi Strategies To Make You Money click \nhttps://cryptoversity.krtra.com/t/En8qC4kR7udT\n\n---\nTalking points:\nSo we are in the age of tokenization. Most people in crypto are well aware that we’ve begun to tokenize currency but there’s scope to tokenize almost everything.\nYou said to me there is fungible and non-fungible tokenization. Can you explain that part first please?\nCan you give some examples of fungible and non-fungible tokenization?\nNBA Top Shots and Hashmasks\nSo NFT is the term to describe non-fungible tokens. I’ve noticed there are some defined categories that the NFT space is broken into, with some overlap. Can you describe some of those categories for us?\nDigital artworks\nDigital collectables (cards, NBA TopShots etc)\nPlayable NFTs / in-game items\nAsset Titles\nHow and why do NFTs acquire value considering they are so easy and cheap to create? Where does the value come from?\nDigital art is what the initiate craze seems focused on\nIt’s kind of opposite to why we like digital media (i.e. it’s almost free to create additional copies of it), yet an NFT is supposed to be unique\nSo an NFT of a song is what? Like a copy signed by the artist? Making it a more valuable copy than the rest of them?\nWhat are all the ways someone can invest in the NFT space?\nSpeculate on the NFTs themselves (like digital artworks)\nInvest in NFT minting platform? (Rarible)\nInvest in creating NFTs and selling them (And earn fees when ownership changes)\nOther\nCan you give a couple of examples of NFTs that have sold for crazy money?\nCyberPunk recently went ro $12m at Sotheby's\nPhoto that inspired the Dogecoin project sold as an NFT for $4m\nWas that sold by the original photographer?\nOr did someone just download the image from Google, turn it into an NFT and sell it for $4m?\nAre people buying these with the anticipation of a higher future value? Or is it worth that much for them to own it for the bragging rights?\nWhat about the tokenization of investable assets?\nReal estate\nAny asset that has a title document that can be transferred simply becomes an NFT instead of a piece of paper\nWhat are the benefits?\nIt would speed up the process of transferring asset ownership\nIn the UK you go online and fill out a form to transfer vehicle ownership to a new person\nNFTs simply move that ownership database onto the blockchain, removing that middleman\nA smart contract could act as an autonomous escrow.\nI send the title token to the contract\nIt holds it until you send the money to the same smart contract\nThen the smart contract sends the title token to you and the money to me\nWhat else will get tokenized as NFTs?\nMaking asset titles NFTs also opens up the possibility of fractional ownership\nI’ve also seen platforms that allow you to lend out your NFT\nI can understand this for in-game items\nBut why would anyone want to borrow a piece of digital art?","tags":["nft","marijamatic","chrisconey","crypto","blockchain"]}}}" | ||||||
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author | neoicarus |
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permlink | re-marketingmonk-r1axir |
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