5 NFT Use Cases Beyond PFPs (with Real-Life Examples)
Everyone on Twitter loves to say NFTs have no real-world use cases, but this is a myth. The reality is that NFTs are already getting implemented today in industries like medical, real estate, events, luxury goods, and supply chain operations. Given NFTs are such a flexible piece of new technology, there's an infinite set of problems and pain points that it can apply to. We are only at the beginning of a huge wave of industry change. Below is a list of 5 real-world NFT use cases & example...
5 NFT Use Cases Beyond PFPs (with Real-Life Examples)
Everyone on Twitter loves to say NFTs have no real-world use cases, but this is a myth. The reality is that NFTs are already getting implemented today in industries like medical, real estate, events, luxury goods, and supply chain operations. Given NFTs are such a flexible piece of new technology, there's an infinite set of problems and pain points that it can apply to. We are only at the beginning of a huge wave of industry change. Below is a list of 5 real-world NFT use cases & example...
How Much It Costs to Deploy a Smart Contract For Your NFT Project
I've recently chatted with NFT project founders getting shocked by the "hidden" costs of launching a new collection. Building & launching an NFT project has countless costs. For example, creators need to take into account the artists & developer salary, primary & secondary sale royalties, gas fees during the mint, and marketplace fees. One fee that often surprises creators though is the gas fee for the smart contract deployment to the blockchain.How to Calculate Deployment CostIf you don...
How Much It Costs to Deploy a Smart Contract For Your NFT Project
I've recently chatted with NFT project founders getting shocked by the "hidden" costs of launching a new collection. Building & launching an NFT project has countless costs. For example, creators need to take into account the artists & developer salary, primary & secondary sale royalties, gas fees during the mint, and marketplace fees. One fee that often surprises creators though is the gas fee for the smart contract deployment to the blockchain.How to Calculate Deployment CostIf you don...
We Need More Craftsmanship in Foundational Web3 Experiences
When I was 20, I watched Jiro Dreams of Sushi for the first time. The documentary profiles the story of sushi chef Jiro Ono and how he rose to highly-acclaimed success with his three-Michelin-star sushi diner. His devotion of his life to his improving his craft, rigorous 10-year training of his apprentices, and nearly-impossible standards of quality all embody the spirit of kaizen, the Japanese term for "improvement." The movie changed me forever in a small, but meaningful way. I aspired to a...
We Need More Craftsmanship in Foundational Web3 Experiences
When I was 20, I watched Jiro Dreams of Sushi for the first time. The documentary profiles the story of sushi chef Jiro Ono and how he rose to highly-acclaimed success with his three-Michelin-star sushi diner. His devotion of his life to his improving his craft, rigorous 10-year training of his apprentices, and nearly-impossible standards of quality all embody the spirit of kaizen, the Japanese term for "improvement." The movie changed me forever in a small, but meaningful way. I aspired to a...
You're Still Early. Stop Feeling Like You've Missed Boat & Keep On Building.
People like to say that 98% of NFT projects will go to zero, but 99.8% of NFTs already have no market value [1]. Yet NFT Twitter is a constant, 24/7 FOMO machine. You can easily lose yourself to your emotional impulses, feeling like you've missed out on the golden blue chip NFT project opportunity. The data presents a much different reality: only .03% of the world's 5B internet users have ever traded an NFT on Ethereum [2] [3]. In other words, most of the world doesn't give a s...
You're Still Early. Stop Feeling Like You've Missed Boat & Keep On Building.
People like to say that 98% of NFT projects will go to zero, but 99.8% of NFTs already have no market value [1]. Yet NFT Twitter is a constant, 24/7 FOMO machine. You can easily lose yourself to your emotional impulses, feeling like you've missed out on the golden blue chip NFT project opportunity. The data presents a much different reality: only .03% of the world's 5B internet users have ever traded an NFT on Ethereum [2] [3]. In other words, most of the world doesn't give a s...
Common Myths About NFTs & Copyright I've Heard From Creators
Copyright and intellectual property is a super murky area for NFT creators right now. I've heard a lot of questions like:If I create an NFT for my artwork and sell the NFT, does that mean I've sold my copyright to my work?What do buyers actually "own" when they buy an NFT?This essay is my attempt to shed light on some misconceptions I see. Caveat: I am not a lawyer and this essay is not intended to represent legal advice in anyway; instead, I wrote it just to provide general informa...
Common Myths About NFTs & Copyright I've Heard From Creators
Copyright and intellectual property is a super murky area for NFT creators right now. I've heard a lot of questions like:If I create an NFT for my artwork and sell the NFT, does that mean I've sold my copyright to my work?What do buyers actually "own" when they buy an NFT?This essay is my attempt to shed light on some misconceptions I see. Caveat: I am not a lawyer and this essay is not intended to represent legal advice in anyway; instead, I wrote it just to provide general informa...
