After the Hype:
Reality Sets in For NFTs
Forget the middleman. The new era of ownership, community, and business models is coming at us fast.
A 1-Week Free Crash Course from Real Vision Crypto
What you NEED to Know About NFTs
If you think NFTs are digital Beanie Babies, you’re not alone.
If you can’t imagine how they could transform anything, never mind entire business models, you’re not alone.
And if you’re saying “What is an NFT?” or “What does an NFT mean?” you’re not alone…!
That’s why Real Vision is bringing together some of the brightest minds in the NFT space to share insights into the big picture, the individual opportunity, the revolution in community, the future and more.
This 5-day video crash course is called After the Hype: Reality Sets in for NFTs, and it is free to access. All you need to do is get a free Real Vision Crypto membership, which takes 30 seconds or so to do.
“I think [NFTs] are going transform how we think about community, value, and ownership. And they’re going to revolutionize global business models forever.”
– Raoul Pal, Co-Founder and CEO, Real Vision
"After the Hype: Reality Sets in for NFTs"
on Real Vision Crypto
The Overview
Raoul Pal with Kevin Kelly (Co-Founder, Delphi Digital) and Mason Nystrom (Senior Research Analyst, Messari)
Part I
Part II
The Tech
Piers Kicks (Venture Partner, Delphi Digital) with Robbie Ferguson (Co-Founder, Immutable)
The Artist Opportunity
Sergio Silva (Sales Director, Fireblocks) with Michah Dowbak (Mad Dog Jones, NFT Artist)
Part III
Part IV
The Power of Community
Raoul Pal with Duncan Cock Foster (Director, Nifty Gateway) and Griffin Cock Foster (Founder, Nifty Gateway)
Part V
But Aren't They Just A Fad?
Real Vision Explores the Reality After the Hype
Back in May of 2021, people were buying and selling around 85,787 NFTs (Non-Fungible Tokens) a day.
Headline examples include:
- Beeple’s $69 million dollar NFT artwork sold through Christie’s…
- Jack Dorsey’s $2.9 million NFT tweet…
- The famous “Charlie Bit My Finger” YouTube video (NFT’d for $760,999)…
All of these contributed to an enormous hype cycle, accompanied by the usual “what is an NFT” explainers and hand-wringing thought-pieces from news media.
That hype cycle has thankfully died down – see Google Trends chart above. And then take a look at Gartner’s Hype Cycle chart below….
Now that we appear to be in the “trough of disillusionment,” the dust has settled enough that we can start figuring out the actual importance (or not…!) of this technological innovation, like many technological innovations before it.
After all, there’s been hype and hand-wringing over everything from radio to bicycles to the internet, too.
Innovation can freak some people out.
And the “middleman-lessness” of NFTs is definitely freaking some people out…
Not From Nowhere
NFT Timeline:
- 2012: Debut of Colored Coins, a kind of prehistoric NFT intended to repurpose cryptocurrencies to create digital assets
- 2014: Founding of Counterparty, a peer-to-peer financial platform and distributed, open-source Internet protocol
- 2017: Cryptopunks launched the world’s first marketplace for rare digital art
- 2017: CryptoKitties launched – one of the earliest attempts to deploy blockchain tech for fun
- Today: Nike holds a patent for NFT-sneakers… Kings of Leon are among those who have created NFT albums… There have been virtual furniture auctions… and so much more
Yeah, It’s Kind of the Wild West Out There…
Have people lost money on NFTs? Yes.
Will people lose more money on NFTs? Also, yes.
Are NFTs this incredible one-size-fits-all perfect solution? Almost certainly not.
Do they have enormous potential to transform business models, how we think about ownership and value, and communities? That’s probably a yes, too.
At Real Vision, we aim to cover all sides of the story and bring you post-hype, in-depth analysis that explores WTF is actually happening.
And our members have this to say about our coverage of NFTs…
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Will the revolution
be NFT'd?
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