Description

:30  Intro

• Topic: Crypto For Common Folk part 5

3:00 Sponsors

• Cream City Marketing
  • www.creamcitymarketing.com
• Spearity
  • www.Spearity.com
• Recap of last week
  • Nft and value

6: 04 Active Learning with Michael, NFT version

• NFT is really about establishing ownership
• One of they key factors of blockchain and crypto is about combating fraud
• NFTs do not have a good face that is a good descriptor
• WHat are NFTs designed to do?
  • Security
  • Ownership
  • Authenticity

9: 05 How do we validate NFTs

• How do we authenticate them?
  • It has been applied to things for a long time but called something different
  • Now it is backed by blockchain
    • This is the chain of authenticity
    • It is the pink slip validating that you own something

12:00 Certified

• Applying the idea of owning something but with a digital artifact
• Increasing value by proving authenticity and certification

15: 10 This Isn’t New

• Don’t be scared of it it is just a different way of talking about it
• When you introduce levels of speed you inherently apply pressure on industries to either lose value or lose people
  • We lost people through the scaling of the internet
  • Everyone moved on

18:20 Protection Layer

• EX: Stealing a painting
• Security
• How does this apply to the metaverse?
  • EX: nike bought company that does digital fashion
  • This is them getting into the metaverse
• NFT concept
  • Apply to fashion world in general
    • In real world, digital and metaverse
    • buying a piece of clothing in the metaverse
      • Buying e commerce fashion in metaverse
      • The outfit pertains to everything in that iteration
      • The shopkeeper doesn’t have the inventory on hand

21: 27 Tshirt example from last week

• The shopkeeper doesn't have the inventory on hand in the store
• But you want to have access to brands
  • So you get an nft contract
  • Go into store and buy clothes from all different brands and when you buy, all those companies including the shopkeeper gets paid
  • Even shows up in the mail
• There are fashion apps now where you can stand and wear the glasses
  • You will get the outfit in the metaverse and in the real world

24: 00 Enforcement of Patent

• You could make a fake nike sweatshirt and you could do it in the real world and metaverse until that brand stops you
  • But you would need to set up a store
  • Get a code
  • Learn a whole new platform in order for it to work

Full Show Notes Here