With a $2tn+ market value and 200mn+ users, the digital asset universe is too large to ignore…the digital asset ecosystem is so much more. #NFTs#ValiirTech@BankofAmerica https://t.co/nG3T9H9nKl
I think it might snow in dallas and cancel a Mavs game. I will be able to go to https://t.co/5MiDwhwTIv and IMMEDIATELY buy insurance from a smart contract that takes a Nat weather service feed. If my parameters are met, say 3” of snow, I automatically get paid.
18/ Access: NFTs can be used as access tokens to physical and virtual locations or events. Programmable tickets can be updated or come attached to a game or some other item.
16/ Art: Just as NFTs give musicians more power, artists that use NFTs have complete control over their work. Art on an NFT allows artists to create and sell their work directly to collectors, bypassing traditional gatekeepers.
15/ Music: Musicians can tokenize their art and sell them directly to consumers. They will be able to bypass traditional gatekeepers and publish their works directly to NFT marketplaces.
14/ Social Media: Instead of showcasing personalities through Insta profiles filled with pictures, people will showcase their NFTs as a form of social media. This is a better view of someone’s personality. Go to a concert, the ticket could be a limited-edition collectible.
13/ Gaming: Video games will evolve into platforms that people use for work, education, social connection, and more. Video games will become the new platforms, replacing the Facebooks’, Googles’, and other traditional internet giants.
11/ There is no need to mine iron or cut down trees to create more NFTs, it’s just code that can be replicated cheaply. If the world's economy becomes mostly virtual, we’d extract fewer resources, consume less of those resources - all while continuing to contribute to GDP.
10/ If large portions of the global economy were internet-based, then we could create entire economies based around digital assets (NFTs), which cost almost nothing to produce.
9/ That is actually great for GDP because you built two bridges! Do you see how this could cause an issue? In a world of finite resources, it's best if we efficiently use resources for the most necessary purposes.
8/ Economics - We live in a world that is measured by Gross Domestic Product (GDP). This means that people value growth and consumption above all else. It doesn't matter if you build a bridge today, destroy it tomorrow, and build another bridge the day after.
7/ Internet - NFTs will change the internet by creating the “Internet of Value.” We have never been able to really own our internet-native digital items but now we can.
6/ NFTs are the key to opening a true metaverse. People will spend the majority of their waking hours within virtual environments, and society will shift in the following ways.