Aftab Hossain (Twitter: @iamDCinvestor) is a strategic advisor and private investor to projects in the cryptocurrency and blockchain space, with special focus on decentralized finance ("DeFi"). He specializes in technologies related to the Ethereum public blockchain -- the world's largest decentralized blockchain for programmable financial activity.
SHOW NOTES
- What is an NFT (non-fungible token)? For that matter, what is a fungible token? [02:20]
- We've been able to freely download copyrighted material from the Internet for decades, so what makes NFTs valuable? How does something like a piece of art become a uniquely accountable asset when it's tied to the blockchain? [04:22]
- Why might a collector (of art, baseball cards, comic books, or any scarce asset) find the NFT market so appealing? [07:44]
- Why an NFT has better provenance than a mint copy of Marvel's Wolverine #1 or a rare Magic: The Gathering card. [11:44]
- What is DeFi? [15:26]
- What were the first NFTs, and how valuable are they today? [15:48]
- How NFTs have infiltrated the mainstream, and what any collector should keep in mind about investing in anything that wildly fluctuates in value. [20:19]
- How can someone "burn" an NFT? [26:49]
- Where can someone check out curated NFTs for sale? [30:27]
- What is generative art, and how is it represented in the NFT world? [32:11]
- What is the first instance of generative art being tied to the Etherium blockchain? [38:04]
- There are multiple new NFTs launching every day. What's caught our attention of late, and how does a potential collector discern between NFT-based art created by a legitimate artist that is likely to go up in value and junk churned out by some Photoshop-savvy teenager trying to cash in on the NFT gold rush? [40:32]
- As the owner of two EulerBeats NFTs, what can Aftab do with those assets? What are the potential benefits of an NFT to an established artist? [42:21]
- To someone asking if NFT collectibles are a bit like a Ponzi scheme, Aftab asks: aren't all collectibles a Ponzi scheme if you extend the analogy far enough? [45:02]
- What are Unisocks, and how can they be used? Why, from a practical standpoint, is this whole NFT phenomenon something worth trying to wrap your mind around? [48:10]
- Other projects in this space Aftab finds worthwhile. [53:43]
- Will NBA Top Shot live up to its hype? [56:46]
- Where can people learn more about NFTs? [1:01:12]