NFT builders, please stop dancing!
Anticipation of utilities >> Utilities ?Currently, NFT’s collections gain value from the anticipation of utilities rather than utilities themselves. [1] “Buy it now low, it will have astonishing use cases later, so you will be able to resell it with a premium” is basically the narrative this space has been following for the past months. This made people buy RTFKT NFTs [2] after Nike acquired the team, for example. The issue is that it leads people to mostly gravitate toward buying the story r...
NFT builders, please stop dancing!
Anticipation of utilities >> Utilities ?Currently, NFT’s collections gain value from the anticipation of utilities rather than utilities themselves. [1] “Buy it now low, it will have astonishing use cases later, so you will be able to resell it with a premium” is basically the narrative this space has been following for the past months. This made people buy RTFKT NFTs [2] after Nike acquired the team, for example. The issue is that it leads people to mostly gravitate toward buying the story r...
Jean-Paul Sartre wouldn't be happy about the NFT industry...
Could Jean-Paul Sartre lead to a better understanding of NFTs? At Kanji, we think so. Think of most of the current projects: • Firstly, NFTs are created and sold. • Then, the creators gradually assigned utilities to those NFTs. Their existence precedes their essence, as would sum up our French beloved philosopher, Jean-Paul Sartre. However, in his view, this definition refers to the human being, not objects. We are born, then we define ourselves. The mode of existence of objects is different:...
Jean-Paul Sartre wouldn't be happy about the NFT industry...
Could Jean-Paul Sartre lead to a better understanding of NFTs? At Kanji, we think so. Think of most of the current projects: • Firstly, NFTs are created and sold. • Then, the creators gradually assigned utilities to those NFTs. Their existence precedes their essence, as would sum up our French beloved philosopher, Jean-Paul Sartre. However, in his view, this definition refers to the human being, not objects. We are born, then we define ourselves. The mode of existence of objects is different:...
Make the most illiquid asset ever (subscriptions) more liquid
Rental NFTs5PM. Wednesday. You must be at the office. Oh wait. We are at the end of July, there’s actually a high probability that you are in vacation in an AirBnb in the middle of the Mediterranean sea. Or maybe at home, just chilling. Be that as it may, it’s very likely that you’re currently reading this post in a place that you don’t own. Indeed, it’s highly relevant to notice than in the real world, we don’t need to be the owner of an object to be able to use it. Actually, the owner and t...
Make the most illiquid asset ever (subscriptions) more liquid
Rental NFTs5PM. Wednesday. You must be at the office. Oh wait. We are at the end of July, there’s actually a high probability that you are in vacation in an AirBnb in the middle of the Mediterranean sea. Or maybe at home, just chilling. Be that as it may, it’s very likely that you’re currently reading this post in a place that you don’t own. Indeed, it’s highly relevant to notice than in the real world, we don’t need to be the owner of an object to be able to use it. Actually, the owner and t...
Being obsessed with utilities
Collectibles made NFTs famous. For the first time ever, people could genuinely own and freely exchange virtual assets - you can read our previous article to get a deeper understanding of what actually is an NFT. Seen as a promising industry, numerous brands dove into this industry and tried to capture new revenues through NFTs drop and Adidas is the epitome of this trend since they made 24m $ the day of their “into the Metaverse” release. However, due to macro-economic conditions (quantitativ...
Being obsessed with utilities
Collectibles made NFTs famous. For the first time ever, people could genuinely own and freely exchange virtual assets - you can read our previous article to get a deeper understanding of what actually is an NFT. Seen as a promising industry, numerous brands dove into this industry and tried to capture new revenues through NFTs drop and Adidas is the epitome of this trend since they made 24m $ the day of their “into the Metaverse” release. However, due to macro-economic conditions (quantitativ...
Do you truly understand NFTs ?
DefinitionNFTs brought back into fashion an old law concept: fungibility. Put simply, goods have only two modes of being: they are mutually interchangeable - or they aren't. In a supermarket, the front pack of rice has exactly the same value as the one in the stock - they're undifferentiated. Same for coins: you could exchange the 1$ note in your pocket for mine, it wouldn't matter. Yet, you wouldn't accept, as easily, the offer from someone asking to swap his condo for yo...
Do you truly understand NFTs ?
DefinitionNFTs brought back into fashion an old law concept: fungibility. Put simply, goods have only two modes of being: they are mutually interchangeable - or they aren't. In a supermarket, the front pack of rice has exactly the same value as the one in the stock - they're undifferentiated. Same for coins: you could exchange the 1$ note in your pocket for mine, it wouldn't matter. Yet, you wouldn't accept, as easily, the offer from someone asking to swap his condo for yo...
