We were joined by Stephen Young & Storm from NFTFi, to discuss the general state of the NFT market, future prospects for NFTs and how P2P NFT lending unlocks new sources of liquidity in a bear market.
After a 2021 frothy bull market, NFTs are currently experiencing the depression phase of the market cycle. However, despite the fact that only NFT art has truly found its product-market fit, NFTs in general represented the consumerist moment for crypto. In addition, they also provided a solution for tokenising real world assets (RWA) and intangibles, potentially penetrating markets worth hundreds of trillions of dollars. Moreover, similar to digital art, the advent of AI poses a challenge when it comes to establishing provenance, but this represents another utility for NFTs, as they can be traced back to their origin, given the public nature of blockchains.
We were joined by Stephen Young and Storm from NFTFi, to discuss the general state of the NFT market, future prospects for NFT development and how their P2P NFT lending platform unlocks new sources of liquidity in this bear market.
Topics covered in this episode:
This episode is hosted by Brian Fabian Crain. Show notes and listening options: epicenter.tv/508