Join Uptime to get the key ideas from

COURSE HACK

Reality Sets in for NFTs: The Power of Community Summary

Raoul Pal

Reality Sets in for NFTs: The Power of Community

by Raoul Pal

Reality Sets in for NFTs: The Power of Community

Raoul Pal

Clock Icon5 min
Insight Icon3 key insights
Audio IconVisual, audio & text

Filmed as part of Real Vision's series on NFTs, Raoul Pal interviews the founders of NFT auction platform Nifty Gateway, Duncan and Griffin Cock Foster.

Get the app now

Reality Sets in for NFTs: The Power of Community

by Raoul Pal

Reality Sets in for NFTs: The Power of Community

Raoul Pal

Overview

Duncan and Griffin Cock Foster founded Nifty Gateway in 2018 after being convinced of the incredible potential of NFT technology. After witnessing the success of blockchain game CryptoKitties, the brothers were convinced that NFTs would become more than just a passing fad.

NFTs, or non-fungible tokens, are unique, non-interchangeable units of data stored on digital ledgers - also called blockchains - that use cryptography to list records. Blockchain ensures that NFTs won't be copy-pasted or modified. NFTs can be used to represent one's ownership of a specific item. They have a unique owner. In this interview, the Cock Fosters discuss the shifting landscape surrounding NFTs, explaining why they founded a company based around them. As early adopters, the Cock Fosters have watched the industry spread from a niche interest to mainstream success.

While the NFT market still holds exciting potential, there could be trouble ahead if Big Tech capitalizes on the hype.

Download the Uptime app to

Audio iconRead or listen, with different modes
Adjust speed iconAdjust audio speed in the app
Bookmark iconBookmark to save titles for later
Share iconShare your favourite Hacks
Download

Download Uptime to get the key insights and actions from Reality Sets in for NFTs: The Power of Community

Get the app now

Favorite Quote

"The people who come in just looking to make money are often the ones who end up not making money, whereas the people who come in and are like, hell yeah, man. I love your art ... Those are the ones who end up actually owning the most valuable pieces."

Griffin Cock Foster, Nifty Gateway Co-Founder

You may also like

You Are Your Best Thing
Tarana Burke, Brené Brown
No Visible Bruises
Rachel Louise Snyder
Will
Will Smith, Mark Manson
The Human Edge
Greg Orme
A Brief History of Everything
Ken Wilber
Fairy Tales, Explained
Joe Posner, Ezra Klein, Marie Cascione
When We Rise
Cleve Jones
How to Own the World
Andrew Craig
The Contrarian
Max Chafkin
On Freedom
Maggie Nelson
Women Don't Owe You Pretty
Florence Given
Investing with Impact
Jeremy K Balkin
Finance Essentials
Robert Kosowski, Imperial College London
Cryptography and Digital Certificates
Coventry University
New Dark Age
James Bridle
Patient Zero and the Making of the AIDS Epidemic
Richard A. McKay
Life 3.0
Max Tegmark
Sex Robots and Vegan Meat
Jenny Kleeman
The Girl with Seven Names
Hyeonseo Lee
Don't Touch My Hair
Emma Dabiri
McQueen
Ian Bonhôte, Peter Ettedgui
The Creativity Code
Marcus du Sautoy
Life Itself
Steve James
Borrowed Future
David DiCicco
Trust
Pete Buttigieg

View the full hack with *uptime

App store iconGoogle play store icon

Reality Sets in for NFTs: The Power of Community

Raoul Pal

If you buy this course we may receive a small commission for this purchase.

Take this course on Real Vision
© 2021 Uptime App LtdWe will receive a small commission from all purchases on Amazon