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EPISODE · Mar 26, 2021 · 1H 20M

The Future of NFTs

from Magic Internet Money · host Keegan Francis

In this episode of Magic Internet Money, host Brad Mills invites lead editor of BoxMining.com, Michael Gu onto the show to discuss the recent NFT boom. Brad warns it’s a “tulip style bubble”, but remarks it’s a technology that’s here to stay. Michael offers his experience working in the field of gaming as an example of the future of NFTs. The two discuss how the field of collectables and art sales could be changed by the adoption of NFT technology. Brad and Michael speculate on altcoins, the effects from macromarkets on crypto, and the philosophy of Bitcoin. They further speculate on the future of crypto asset based games and what a successful model for one might look like.Timestamps00:00:43 - Show start00:00:56 - The NFT bull market00:04:59 - Ethereum’s relationship to NFT00:08:40 - Game assets not a model for NFTs00:13:08 - History between ETH and BTC00:17:58 - Bitcoin maximalist philosophy00:21:23 - Maximalism and motivations in life00:24:12 - Risk among cryptocurrencies00:31:50 - Risks for newcomers in the crypto space. “Degen pits”.00:39:00 - Anti-altcoining and the debate around it00:43:04 - Macro markets and their relation to Bitcoin00:46:36 - Infinite Fleet and NFT video game assets01:00:27 - The metaverse and the economic side to gaming01:05:10 - The collectables market01:12:03 - Crypto games and non-crypto games01:15:06 - Recommendations about Bitcoin and NFT01:20:14 - Closing remarks and outroLinks to Mentions in the ShowWhat is an NFT?Mark CubanUniswapSamson MowInfinite FleetWhat is the metaverse?ClubhouseLightniteFind Michael GuMichael Gu TwitterBoxmining.comFind Brad Mills:Brad Mills TwitterMagic Internet Money TwitterMagic Internet Money FacebookMagic Internet Money Instagram

What this episode covers

In this episode of Magic Internet Money, host Brad Mills invites lead editor of BoxMining.com, Michael Gu onto the show to discuss the recent NFT boom. Brad warns it’s a “tulip style bubble”, but remarks it’s a technology that’s here to stay. Michael offers his experience working in the field of gaming as an example of the future of NFTs. The two discuss how the field of collectables and art sales could be changed by the adoption of NFT technology. Brad and Michael speculate on altcoins, the effects from macromarkets on crypto, and the philosophy of Bitcoin. They further speculate on the future of crypto asset based games and what a successful model for one might look like. Timestamps 00:00:43 - Show start 00:00:56 - The NFT bull market 00:04:59 - Ethereum’s relationship to NFT 00:08:40 - Game assets not a model for NFTs 00:13:08 - History between ETH and BTC 00:17:58 - Bitcoin maximalist philosophy 00:21:23 - Maximalism and motivations in life 00:24:12 - Risk among cryptocurrencies 00:31:50 - Risks for newcomers in the crypto space. “Degen pits”. 00:39:00 - Anti-altcoining and the debate around it 00:43:04 - Macro markets and their relation to Bitcoin 00:46:36 - Infinite Fleet and NFT video game assets 01:00:27 - The metaverse and the economic side to gaming 01:05:10 - The collectables market 01:12:03 - Crypto games and non-crypto games 01:15:06 - Recommendations about Bitcoin and NFT 01:20:14 - Closing remarks and outro

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How long is this episode of Magic Internet Money?

This episode is 1 hour and 20 minutes long.

When was this Magic Internet Money episode published?

This episode was published on March 26, 2021.

What is this episode about?

In this episode of Magic Internet Money, host Brad Mills invites lead editor of BoxMining.com, Michael Gu onto the show to discuss the recent NFT boom. Brad warns it’s a “tulip style bubble”, but remarks it’s a technology that’s here to stay....

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