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    The NFT Experience Recap: Can NFTs Power the Future of Commerce and Experiences?

    grantland.ethBy Updated:66 Comments2 Mins Read

    Description:

    While NFTs have experienced immense popularity in the art and entertainment spaces as a way for creators to connect deeply with consumers, they have also proven to serve as an unprecedented revenue source. With knowledge of this new income stream becoming widely known and accepted, the possibilities for new business Session opportunities are endless within, and reaching beyond, the realm of NFTs. Panelists will examine exactly how NFTs can revolutionize traditional markets, as they allow for transactions beyond the exchange of digital collectibles.

    The Speakers:

    • Moderator | Justin Roberti
    • Richard Li, 4k
    • Nick Emmons, UpShot
    • Brady Gentile, Hedera Hashgraph
    • Matt Lockyer, Satori & NEAR Protocol

    Summary:

    The panel was comprised of a diverse group of creators all working to contribute to the decentralized economy in their own ways. While there was acknowledgement that a significant part of the underlying infrastructure still needs to be built, the participants across the board agreed that NFTs will represent a core pillar in the new age economy.The underlying technology and innovations mean that creators and fans alike are finally empowered to connect with each other, without the having to go through “terrible web2 platforms” where there was a lack of power, lack of data, and limited monetization opportunities. The value of peer-to-peer marketplaces come from consumers being able to forge relationships with creators and owning a piece of their work. Similarly, DAOs represent a decentralized investment vehicle that is the antithesis of centralized governance architectures that are not agile and not responsive to the needs of the citizenry.

    Looking ahead, the use cases of NFTs range from healthcare (i.e. an NFT containing your personal data, giving consent for clinical trials in one example, and in tracking vaccine adoption in another example); to simply combining the value of digital and physical assets (i.e. producing physical, bespoke sneakers for CryptoPunks and Bored Apes).

    Overall, the panelists were bullish of the proliferation of NFTs in commercial and societal use moving forward, and believe that soon we may move beyond this early adoption phase.

    Grantland.eth is a millenial who currently resides in Canada. He is a contributor to the dGen Network, a newcomer to the NFT space, and above all else a staunch proponent of the lost art form of longform writing. Grantland.eth is interested in the intersection between culture, decentralized finance, basketball, and gaming. In the metaverse, he is interested in building communities who create long-lasting art, value, and connections. IRL grantland.eth advises governments, development agencies, and investors on the financing of large-scale capital projects. In his spare time he can be found hanging out with his girlfriend and cat, and telling anyone who will listen that he bought a Nikola Jokic jersey in his sophomore year. You can reach Grantland.eth via [email protected], or via Twitter DMs.

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