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Casper’s Edge on NFTs: The Good, the Bad & the Future – Explained by Expert Joe Benso

Originally aired on October 20, 2023

In this episode of Edge of NFT, hosts Joshua Kriger and Richard Carthon interview Joe Benso of Casper Association. They discuss the evolution of Casper Network in providing secure and authenticated NFTs, the current state of the NFT market, and the future of NFTs. Joe talks about the unique features of Casper Network, such as upgradeable NFTs and predictible gas fees. He emphasizes the importance of utility and genuine value in the NFT space. The hosts also touch on the Rolling Stone article that mentions a high percentage of NFTs being worthless, pointing out that context and analysis are crucial when evaluating the NFT market.

The Unique Features of Casper Network

  • Casper Network offers a public, private, and hybrid infrastructure for developers.
  • Its upgradeability allows for flexibility and compliance in enterprise applications.
  • The Casper NFT standard provides modular and secure options for various use cases.

The Future of NFTs and Utility

  • NFTs have gone through a hype cycle, but genuine utility will drive their long-term value.
  • Casper Network is focused on the Creator Economy, IP, and gaming as areas with promising NFT use cases.
  • Authenticating the provenance of art and historical artifacts on the blockchain is one example of the potential of NFTs.

The Rolling Stone Article and NFTs Worthlessness

  • The article highlights a report that suggests a high percentage of NFT collections have no market value.
  • The authors argue that the current state of NFTs is a result of speculative trading and a lack of genuine utility.
  • Context is crucial, as the article fails to acknowledge successful NFT projects and the potential of the market.

The Maturity and Roadmap of Casper Network

  • Casper Network is relatively new compared to other blockchains but has been continuously upgrading its protocol.
  • The team aims to provide a future-proof and flexible infrastructure for developers and enterprises.
  • Tokenization, smart financial contracts, and zero-knowledge proofs are among the focus areas for Casper’s roadmap.

The Outlaw Dogs Project and Gaming

  • Outlaw Dogs is a multi-chain project launching on Ethereum and Casper Network, focusing on gaming and the Wild West theme.
  • The project aims to add gameplay and mechanics to NFTs, including poker as a significant component.
  • Casper’s unique features, such as tokenization and weighted key management, provide exciting opportunities for gaming NFTs.

The Future Blockchain Summit in Dubai

  • The hosts discuss the upcoming Future Blockchain Summit in Dubai, highlighting its focus on blockchain, crypto, NFTs, and the metaverse.
  • The event promises to bring together innovators and inspire change in the technology space.
  • Key speakers and sponsors include industry leaders from companies like Binance, One Inch, and Circle.

00:00 – Introduction: Who is Joe Benso and What is the Casper Network?

05:10 – What about NFTs, Hype, and the Future of Digital Assets?

12:30 – Casper’s Journey: How They Became the Layer 1 Public Blockchain of Choice!

19:18 – A Constant Reinvention of the Wheel: Casper 1.5!

25:47 – What’s Next for the Casper Network, Casper Labs, and the Killer Whales?

31:35 – Edge Quick Hitters with Joe Benso

42:42 – Hot Topics: Your NFTs Are Actually — Finally — Totally Worthless