NFT's Explained | Duncan & Griffin Cock Foster, Nifty Gateway

Описание: Despite only experiencing its first major hype cycle this year, the concept of NFTs has been around for many years, with NFT projects first starting to appear in 2017. Major NFT marketplace Nifty Gateway founders, Duncan and Griffin Cock Foster have turned an idea into an NFT platform that is ready to onboard 1 billion users. Their early insight into the NFT sector matured them into two extremely successful visionary entrepreneurs, eventually leading to Gemini and the Winklevoss twins acquiring the Nifty platform. If you own an NFT, want to purchase an NFT, or are interested in learning more, this jam-packed episode is an extremely important stop on your digital collectible journey.

In this episode the Nifty Gateway Co-Founders explore:

The 10x Improvement Theory
Being acquired by the Winklevoss twins
1 billion people buying NFTs
The allure of collecting
NFT hype in 2017
Physical art vs digital art
“Fiat is violence, taxation is theft”
Digital art advisory firms
Secure provenance systems
Crypto Kitties' boom and bust
Why NFTs are on Ethereum

Timestamps:
0:00 Intro
0:52 The “twins” conspiracy theory
2:04 How Gemini acquired Nifty Gateway
3:01 Meeting 3 generations of Draper VC
4:08 Story behind Nifty Gateway and NFT boom
7:20 The concept of NFT
8:42 Why do NFTs provide the most secure provenance system in the history of art
9:40 NFTs use case for art
13:24 NFT hype & price bubble
18:36 NFT museums and infrastructure
23:43 Psychology behind collecting
26:25 Sponsor
28:18 The inevitable move from physical art to digital
32:18 Physical art vs digital art
36.58 The quality of NFT art
38:54 NFTs: art or crypto?
41:26 NFTs negative inheritance from crypto
43:44 Misconceptions about NFTs
48:50 Why Nifty is using Ethereum
50:43 How to start collecting NFTs
54:59 Products Duncan & Griffin are building now
59:38 Regulatory risks & the future of NFT & digital art
1:02:18 Nifty Gateway & Gemini synergy
1:02:27 Contact Duncan & Griffin Cock Foster

#NFT #Bitcoin #Crypto
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