Originally aired on May 25, 2023
In this episode, we look at a presentation on the past, present, and future of NFTs given at NFT NYC 2023. Lord Travis Wright and Joel Comm of the Bad Crypto podcast discuss the exploration of NFTs, the rise and fall of NFT marketplaces, and the importance of cross-operability.
What are the past, present and future of NFTs?
- The past: The first NFT was on Namecoin in 2011, with CryptoKitties and CryptoPunks rising to popularity in 2017.
- The present: NFT marketplaces have experienced ups and downs, with WAX emerging as a strong proponent of green NFTs due to low gas fees. Blur has also taken off as a popular marketplace.
- The future: Cross-operability between chains is crucial for NFTs to thrive, and NFTs must move beyond purely monetary value as influencers and celebrities have been promoting them without understanding their true value.