Why NFTs Are Attracting Everyday People to Crypto - Ep.144

Jake Brukhman, cofounder and CEO of CoinFund, explains why people are excited about non-fungible tokens, how they can be used, and what new behaviors and businesses they might enable. He discusses: what a NFT or non-fungible token is how they can be "liquid intellectual property" what kinds of digital assets can be turned into NFTs what new types of behaviors and new products and services can be created based off NFTs why consumers would prefer to use an NFT photo or song vs. one from Shutterstock or Spotify why someone would want to buy an NFT when it's so easy to make digital copies of things like art or ebooks or mp3s how disputes over digital objects could be adjudicated in a global marketplace how NFTs enable fractionalized ownership how NFTs can be used as collateral to manage risk how NFTs are combining with DeFi to create NFTFi how NFTs and NFTFi bring non-crypto people in to the space and expose them to finance why the NFT space is much bigger than people probably expect, and how it's drawing a new crowd to crypto   Thank you to our sponsors!  Crypto.com: http://crypto.com Cosmos: http://five.hackatom.org   Episode links:  Jake Brukhman: https://twitter.com/jbrukh CoinFund: https://coinfund.io   CoinFund’s NFT thesis: https://blog.coinfund.io/all-digital-content-is-going-on-chain-ae26a7071657   Rarible: https://rarible.com   Unchained show about Aragon: https://unchainedpodcast.com/how-aragon-hopes-to-improve-on-democracy/   The LAO: https://www.thelao.io   https://twitter.com/thelaoofficial?lang=en   Yield farming on digital collectibles: https://www.coindesk.com/yield-farming-expands-from-finance-to-digital-collectibles-rarible-nfts   NFTFi: https://tokentuesdays.substack.com/p/defi-x-nfts-nftfi   Aavegotchi: https://aavegotchi.com   $MEME: https://medium.com/@dontbuymeme/nft-farming-guide-how-to-stake-meme-and-earn-crypto-collectibles-ac8121e93e8   Links from news recap: https://unchainedpodcast.com/why-uni-could-be-a-security/