Course Hack
Reality Sets in for NFTs: The Power of CommunityBy Real Vision, Raoul Pal, Griffin Cock , Duncan Cock Foster

In a Nutshell

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.

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

Introduction

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 believed 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 ownership of a specific item; they have a unique owner.

As early adopters, the Cock Fosters have watched the industry spread from niche interest to mainstream success.

In this interview from Real Vision, an on-demand TV channel that focuses on finance, economics, and business, co-founder Raoul Pal sits with the Cock Fosters to discuss the shifting landscape surrounding NFTs.

Here are the 3 key insights from this Hack

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    NFTs are attracting interest from a diverse crowd
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