Keith Montogomery on NFTs, what's "mine," & if NBA Top Shot is legit, plus: Coinbase IPO, a16z invests in Open Sea, John Cleese's NFT Bridge, and the $500,000 NFT house.

• 0:00 - 1:39 Intro

• 1:39 - 7:52 What is the Real Value in NFTs for Society? 

  • Physical to Digital Transformation

  • From DMV Records, Real Estate Titles to comics etc.

  • Keith sees NFTs as licenses 

• 7:52 - 10:26 What Happens to NBA Top Shots? 

  • The Top Shot moment isn’t everything, it is about community and the experience 

• 10:26 - 19:02 What does it mean to own something?

  • Governments and the redistribution of wealth

  • This is a mechanical question

  • NFTs will have a major role in ownership

  • Evidence like registrations and titles, as well as the legislative and judicial system helps to enforce statements of ownership and what is “mine”, but it is expensive and slow

  • Little friction, lots of evidence, low cost required to identify what is mine on the blockchain via NFTs 

• 19:02 - 24:10 Decentralized finance and the utility of “mine”

  • This enables commerce across borders

  • Nike, Tesla, and other brands enabling this from the top down

  • Be the change you want to see to help enable change from the bottom up

  • Will need adults in the room to handle things like security, access, recalls, etc.  

• 24:10 - 29:30 Matterium (what’s mine?), Sheesha Finance (EFT for NFT), Studios working on VR/AR/Games & NFTs, and Give Nation (financial literacy and philanthropy) Project Discussion

  • United Nations Sustainable Development Goals that must be solved for humanity to do well

  • Blockchain has the ability to add value to society in big ways 

• 29:30 - 31:20 Value of NFTs to the gamification of education and rewards compared to what has transpired recently and historically

  • Traditional, provincial ways of thinking are being disrupted 

• 31:20 - 35:50 Lewis Center for Education (LCER)

  • Project-based learning in collaboration with NASA studied the possible presence of water on the moon and proved it via interoperable global collaboration 

  • Interoperable education is the future and blockchain can make progress exponential 

• 35:50 - 39:30 Hype around certain projects can leave people holding the bag. Education is important to mitigate this. 

  • In many cases, the platforms still control ownership of certain NFTs

  • Education around who owns what and knowing what is “mine” can help enable people to know what they are buying

  • Just because a project says that they are built on the blockchain or are using NFTs, does not mean that they are well suited to do so 

• 39:30 - 44:04 Edge Quick Hitters 

• 44:04 - 66:35 Hot Topics

  • John Cleese’s Brooklyn Bridge Drawing> A16Z invested $23M in OpenSea

  • Coinbase IPO

  • MasterWorks.IO

  • Digital Home Sells for $500K 

• 66:35 - 67:07 Outro