Comment Comment by denisnazarov Best explanation of NFTs and virtual goods I heard was from pmarca and bhorowitz on Clubhouse yesterday:- The Honus Wagner baseball card is $0.50 of physical goods (cardboard/ink) and $3M of virtual goods- A Basquiat painting is $100 of physical goods (paint and canvas) and $1M of virtual goods- A rare Nike sneaker is $5 of physical goods (plastic/rubber) and $500 of virtual goodsNFTs are going to take this phenomenon to Internet scale.We made the conceptual leap from physical gold to digital gold with Bitcoin. We will do the same for all other objects with cultural value with NFTs. parent denisnazarov 5 years ago
- The Honus Wagner baseball card is $0.50 of physical goods (cardboard/ink) and $3M of virtual goods
- A Basquiat painting is $100 of physical goods (paint and canvas) and $1M of virtual goods
- A rare Nike sneaker is $5 of physical goods (plastic/rubber) and $500 of virtual goods
NFTs are going to take this phenomenon to Internet scale.
We made the conceptual leap from physical gold to digital gold with Bitcoin. We will do the same for all other objects with cultural value with NFTs.