How NFT’s are Shaping Our World with Chris Ghent, NFT Trailblazer - Episode 5
Three letters are taking the world by storm - N. F. T.
Non-Fungible Tokens are a growing phenomenon built on the emerging blockchain technology with far-reaching impacts on currency, art, collectibles, brand integration, and undoubtedly a number of other applications yet to present themselves.
Here to demystify the world of NFTs and blockchain on this episode of Disconnected is Chris Ghent, a trailblazer in the NFT space. We dive into what an NFT truly is, why marketing teams are embracing their own NFTs, and how blockchain will affect the future of digital ownership and currency.
This episode of Disconnected covers:
What NFTs are, and how they’re made
Why marketing teams are embracing NFTs
The relationship between NFTs and Blockchain
Entry points into NFT tech and art
Episode Highlights:
“Let's take a really easy example that most of us have in our pockets: In the US, we've got the US dollar. If I take one US dollar and hand it to you, and you hand me one US dollar back, we both have one United States dollar - that is a fungible item.” - 3:20 - Chris Ghent
“I'd say today that the uses of NFT's are still being built and proven, and the utility side of it is really what's interesting in the future.” - 9:10 - Chris Ghent
“Very often we think about minting as making a coin or something like that. In this case when you're minting an NFT, you're actually putting it on the blockchain that it's being developed on, and it's officially being created as a unique item.” - 10:10 - Chris Ghent
“The thing that we always talk about in the US almost annually is McDonald's’ big Monopoly game. When you think about the gamification of brands, it's not something new. I think the evolution becomes something that's very digitally backed, and not just another website or another app.” - 22:00 - Chris Ghent
“Hollywood is this big behemoth for all this money moving back and forth; you've got rights management, you've got royalties to manage, and you start to really think about where these things go. All of that's being done on a blockchain. So the blockchain in and of itself is really the record keeping and computation platform for the future of the Internet.” - 27:30 - Chris Ghent
“When you can actually start to use encrypted, secure blockchains as the basis for the future of these platforms, if someone were to steal cryptocurrency from my digital wallet, it will be clear where it went on the chain. It will be tracked and sourced.” - 38:35 - Chris Ghent
“Do research on the actual blockchains. There are differences between how they actually operate, whether it's proof of work, or proof of state, and there are real impacts there.” - 43:25 - Chris Ghent
“When you get into things like the eco messaging, while it might not be the number one selling point I think people are starting to realise - especially in the art space - they want to think about what the impact of their art is delivering in the world, not only the art piece and the story that they're trying to tell, but they're also really thinking about what does this platform do?” - 47:15 - Chris Ghent
Links & references:
Chris Ghent:
https://www.linkedin.com/in/chrisghent/
Jag Sharma:
https://www.linkedin.com/in/jagsharma
https://www.instagram.com/jagsharma/
Make Your Own NFT:
https://www.hicetnunc.xyz/about
https://tqtezos.medium.com/introducing-openminter-3e9c1777cd47