The Edge of NFT Newsletter
Edge of NFT Podcast
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
-1:07:05

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