Digital Scarcity (Explicit)

Beeple made one piece of digital art a day for 10 years. He had never been directly paid for this work before. In one weekend, he auctioned it off for $3.5 million. How?The direct answer is Non-Fungible Tokens (NFTs) on Nifty Gateway.The general answer is that blockchains create digital scarcity. Naval explains.Sources:- Beeple on Unchained podcast- Naval on Tim Ferris podcast- Beeple on School of Motion podcast

What this episode covers

Blockchains enable digital scarcity. This is enabling new business models, just as digital abundance did before it. (Explicit, because beeple likes swearing)

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This episode was published on January 27, 2021.

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