776 - NFT (Part 2): The Future, and Ideas for NFTs!
The James Altucher Show
James Altucher
4.6 • 2.7K Ratings
🗓️ 13 October 2021
⏱️ 38 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | This isn't your average business podcast and he's not your average host. |
| 0:07.6 | This is the James Altiger Show. |
| 0:13.6 | Today on the James Altiger Show. |
| 0:16.9 | A few days after I did this podcast, I went to this conference about human rights, but |
| 0:22.7 | there was stuff on crypto and Bitcoin is really important because it's literally the currency |
| 0:27.9 | of revolution. |
| 0:30.2 | If you are a dissident or an activist, you can't use your country's currency because |
| 0:34.0 | they'll track your movements. |
| 0:35.9 | So big point is how they accept donations often. |
| 0:39.3 | And then the NFT thing came up because it's really hard for some of these activists and |
| 0:43.7 | dissidents to get money to support their cause. |
| 0:47.4 | With an NFT, one of the small aspects in the business model of NFT is if you sell a |
| 0:52.0 | work of art and then someone re-sells it and then someone after that re-sells it again, |
| 0:57.0 | you get a royalty. |
| 0:58.4 | So unlike in the art world, we're by sell painting for a dollar, but then someone sells |
| 1:02.8 | a 10 years later for $100 million. |
| 1:04.3 | I don't get a piece of that if I'm the artist. |
| 1:06.5 | So that's an interesting aspect of these NFTs, whether it's art or some other part of the |
| 1:10.6 | business model. |
| 1:12.0 | So I was explaining this to some of these artists and they were like, oh, this could be a good |
| 1:15.8 | creating art as an NFT. |
| 1:17.6 | Like revolution art where it explains the story and then creating as an NFT, the more people |
... |
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