71: Digital Assets with Nick Abrahams

Nick Abrahams is the Global co-leader of Norton Rose Fulbright's Digital Transformation Practice and a futurist. In this episode, we talk about digital assets, the value drivers behind non-fungible tokens (NFTs), cybersecurity and negotiating with ransomware attackers. Overview of Podcast with Nick Abrahams, Norton Rose Fulbright 01:00 You are a lawyer by trade. How did you get involved in the digital disruption space? 05:00 The application of NFTs; bored monkeys and basketball collectors' items 07:00 NFTs are bought by crypto-natives 09:00 Ticketing for sport and music events is a good application of NFTs 10:44 On digital twins 11:00 Token option plans for privately-held companies 13:00 Tokenomics 15:00 For an investor the question is: are you going to punt on the thesis that digital assets are not a thing? 17:00 Are sales of NFTs driven by people anticipating the coming of the metaverse? 18:00 NFTs are partly about off-platform ownership, about not owning an item only in one game 21:00 How do you determine value in NFTs? 22:30 Penfold's loyalty NFT and the need for asset-backing 26:00 Are we still in the test phase to find out what is valuable and what is worthless? 27:30 Ownership of digital information, such has health or financial information 29:00 Cybersecurity and negotiating with ransomware attackers. 30:00 Are we winning the cyber war? 34:00 What is the development that you are most excited about? DeFi! 34:30 Nick's podcast: Web3 From Mystery to Mainstreet