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1) Digitizing collectibles as NFTs is going to go down as the singular event that caused the collectibles market to blow past $1 trillion in market size.
The physical collectibles market today is +$350B
The physical collectibles market today is +$350B
2) The NFT markets encompass a wide variety of categories
- Collectibles
- Game assets
- Virtual worlds
- Art
- IP
- Loans
- Ticketing
and much more
Now why is digitizing collectibles so exciting?
- Collectibles
- Game assets
- Virtual worlds
- Art
- IP
- Loans
- Ticketing
and much more
Now why is digitizing collectibles so exciting?
3) Two reasons. By digitzing collectibles as NFTs you unlock:
1. Distribution of the internet (reach and efficiency)
2. Attached to a global, 24/7, uncensorable financial system
1. Distribution of the internet (reach and efficiency)
2. Attached to a global, 24/7, uncensorable financial system
4) Distribution of the internet
Reach - I can show my collectibles to anyone, anywhere at any time + connected to a community of collectors
Efficiency - All physical barriers that cause friction have been removed. I can send collectibles to anyone in the world instantly.
Reach - I can show my collectibles to anyone, anywhere at any time + connected to a community of collectors
Efficiency - All physical barriers that cause friction have been removed. I can send collectibles to anyone in the world instantly.
5) A global, 24/7, uncensorable financial system
Ethereum allows me to transact with anyone, in the world, at anytime. No need to deal with expensive wires, changing currencies, banks, etc.
I can transact with someone in Kenya who does biz with someone in Brazil, and so on
Ethereum allows me to transact with anyone, in the world, at anytime. No need to deal with expensive wires, changing currencies, banks, etc.
I can transact with someone in Kenya who does biz with someone in Brazil, and so on
6) These two factors massively reduce friction and are going to cause the entire world to become collectors.
It is suddenly not cost-prohibitive for a child in France to collect $5 collectibles and it is suddenly accessible to find a buyer for your ultra-rare $500k collectible
It is suddenly not cost-prohibitive for a child in France to collect $5 collectibles and it is suddenly accessible to find a buyer for your ultra-rare $500k collectible
7) Now this point leads to another thought I have about how NFTs are the next form of social media but I will save that thread for another day 
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Want to learn more about NFTs? Subscribe to my newsletter which is all about NFTs and the metaverse https://andrewsteinwold.substack.com/
