March 11 2021

NFTs: Blockchain-Powered Art, Trading Cards, Music, and More with Aftab Hossain

Go Backward
Go Forward

NFTs: Blockchain-Powered Art, Trading Cards, Music, and More with Aftab Hossain

NFTs: Blockchain-Powered Art, Trading Cards, Music, and More with Aftab Hossain

Go Backward
Go Forward
Listen On:

About the episode

What are NFTs, why are they collectible, and why should you care? In this episode, Kevin interviews NFT guru @DCinvestor (aka Aftab Hossain). They answer all your most pressing questions as well as bring you up to speed on all things NFT.

Aftab Hossain

Aftab Hossain

@DCinvestor 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.

Topics covered
NFTs

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?[01:01:12]

People mentioned

Gary Vaynerchuck

Beeple

Pablo Picasso

Rembrandt van Rijn

Grimes

Mark Cuban

Erick Calderon (Snowfro)

Dmitri Cherniak

Kjetil Golid

Leonhard Euler

Pharrell Williams

Steph Curry

Featured Episodes

View all episodes
August 21, 2021

The Solana Blockchain — Ethereum Killer or Piece of a Larger Puzzle?
August 21, 2021

The Solana Blockchain — Ethereum Killer or Piece of a Larger Puzzle?

Kevin is joined by Solana CEO Anatoly Yakovenko to talk about the latest advancements of the Solona blockchain. They discuss the development doors opened with lighting fast L1 blockchains like Solana in the finance world, the implications of Neon Labs’ deployment of a cross-chain Ethereum virtual Machine on Solana, and purpose-built hardware development — specifically for blockchains. And, of course, Kevin dives into NFTs on the Solana Blockchain.

DeFi
June 08, 2021

Alchemix – DeFi Loans That Repay Themselves with Scoopy Trooples
June 08, 2021

Alchemix – DeFi Loans That Repay Themselves with Scoopy Trooples

Alchemix co-founder Scoopy Trooples joins Kevin to discuss how Alchemix provides highly flexible instant loans that repay themselves over time without liquidation risk using decentralized smart contracts on the Ethereum network.

DeFi
June 01, 2021

Pomp – Bitcoin, Asset Allocation, and the Psychology of Crypto HODLing
June 01, 2021

Pomp – Bitcoin, Asset Allocation, and the Psychology of Crypto HODLing

Anthony "Pomp" Pompliano of The Pomp Podcast and The Pomp Letter fame joins Kevin to dig into a treasure trove of crypto and investing know-how.

Cryptocurrency
×

Modern Finance Newsletter

Get Kevin’s favorite crypto projects delivered directly to your inbox. Sent every two weeks.