Originally aired on October 16, 2023
In this episode of The Edge of NFT, hosts Joshua Kriger and Richard Carthon are joined by Matt Mason, CEO and co-founder of Dazzle Ship, and James from Just Ape. They discuss the challenges and opportunities in the web 3.0 space, particularly in the realm of NFTs. Matt shares the exciting news about Broadside’s community share via the Collector’s Edition Book, where holders of Broadside NFTs can receive a 30% royalty share. They also discuss the importance of involving and rewarding the community in web 3.0 projects, the potential of NFTs in the metaverse, and the need for new models in content creation and ownership.
Get 30% Royalty Share on Your NFTs with Broadside’s Community Share via the Collector’s Edition Book
- Over 3,000 Broadside NFT holders created a one-of-one Broadside book with their hero as the main character and are now receiving a 30% royalty share.
- The partnership with book.io allows for the creation of an eBook marketplace where each eBook is an NFT, bringing a new application of NFTs to a wider audience.
The Importance of Involving and Rewarding the Community in Web 3.0 Projects
- By involving the community and sharing royalties, projects can incentivize and engage their community members, leading to increased excitement and participation.
- Building models that align incentives with the project, the founders, and the community can create a win-win situation for everyone involved.
The Potential of NFTs in the Metaverse
- NFTs have the potential to be network-aware social objects that can travel across different web 3.0 games and environments, bringing various utilities.
- The metaverse offers opportunities to create new and unique experiences using NFTs, expanding the possibilities for creators and users alike.
New Models in Content Creation and Ownership
- The emergence of blockchain technology allows for new models of content creation and ownership that involve collaboration and fair compensation for creators.
- By licensing content from the community, projects can create new revenue streams and involve the community in the success of the project.
Balancing the Core Community and the Expansion of the Franchise
- Balancing the needs and desires of the core community while expanding the franchise and reaching new audiences can be a challenge in web 3.0.
- Finding models and strategies that keep the core community engaged while attracting new users is crucial for the long-term success of a project.
The Magic and Sustainability of NFTs
- While there may be concerns about the saturation of NFTs, the underlying utility and purpose of the NFTs are key factors in their sustainability.
- NFTs can offer unique value propositions and opportunities for creativity, making them an essential part of the web 3.0 ecosystem.