25 Comments

Enjoy these framework posts! You know we are incredibly early when seemingly obvious use cases for this new technology have not yet been explored or are in the infancy stages of development.

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In your first example, STO sits on top of the NBA contract instead of replacing it? Does this mean the NBA pays the investors instead of the player? If they were to pay the player, what's stopping him from losing it all and having no money to pay the investors? I don't see how it is collateralized unless the players' investment in the S&P is also in token form. Sorry, finding the example a bit confusing.

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Amazing Post , really starts to tie the theory to real-world applications.

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Such a good framework for thinking about NFTs going forward!

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How do the realities of the physical world keep synced with the digital world?

Say someone owns a house and the Deed becomes an NFT. The owner dies and doesn't leave access to his wallet. That deed is effectively "gone" forever.

Now you have an NFT mapped to a real object - and the object will still exist for someone to take, but the NFT will no longer be accessible.

Multiply this by 100X, now the chain doesn't match what you're seeing in the real world and we're basically back to the current centrally controlled system.

Genuinely confused how an immutable ledger works with a very mutable real world at scale.

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I'm 100% sold on Web 3.0 value, but what was stopping athletes/celebs from securitizing future income streams using centralized Web 2.0?

In fact, let's go a step further - since we're now dealing with the off-chain world, we need to protect against them selling say 150% of the note and scamming investors. They could do this through two different crypto projects to hide intentions.

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Do you believe that an industry like online sports gambling could explode if someone like Draftkings were to utilize NFTs to allow users to trade futures bets on a secondary marketplace? It would be similar to how investors buy and sell options before expiration dates and Draftkings could collect a small fee for every transaction on its secondary marketplace. Do you think investors would see this as a viable asset class to diversify into as it has no correlation to other financial markets?

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The way, I read it STO would be able to be applied to business contracts as well. Business A gets a contract to provide Submersible pumps for 5 years. Can get 1/2 the capital upfront to service the order and pay interest to all of the backers. Removes the barriers to entry that dealing with bankers creates where relationships are more important than the numbers on the screen.

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Love these kind of posts!

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How is an 'access token' NFT substantially different from a log-in or cookie currently used? Won't people still screenshot or copy/paste information once they use the access token?

I can see how Netflix might find using NFTs easier than log-ins, but from the user end, how would the UI meaningfully change?

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Great summary. Lots of details would need to be filled in but this will happen, probably faster than we think. Thank you

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In order to NFT physical objects, ideas on how they would be mapped on chain? Would it be similar to a VIN? Or scan an RFID.... the supply chain architecture is an interesting use case.

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