The Future of NFTs

In this episode of Magic Internet Money, host Brad Mills invites lead editor of BoxMining.com, Michael Gu onto the show to discuss the recent NFT boom. Brad warns it’s a “tulip style bubble”, but remarks it’s a technology that’s here to stay. Michael offers his experience working in the field of gaming as an example of the future of NFTs. The two discuss how the field of collectables and art sales could be changed by the adoption of NFT technology. Brad and Michael speculate on altcoins, the effects from macromarkets on crypto, and the philosophy of Bitcoin. They further speculate on the future of crypto asset based games and what a successful model for one might look like.

Timestamps

00:00:43 - Show start

00:00:56 - The NFT bull market

00:04:59 - Ethereum’s relationship to NFT

00:08:40 - Game assets not a model for NFTs

00:13:08 - History between ETH and BTC

00:17:58 - Bitcoin maximalist philosophy

00:21:23 - Maximalism and motivations in life

00:24:12 - Risk among cryptocurrencies

00:31:50 - Risks for newcomers in the crypto space. “Degen pits”.

00:39:00 - Anti-altcoining and the debate around it

00:43:04 - Macro markets and their relation to Bitcoin