Donate to Bankless on Gitcoin! Just $1 is 60x in funding. Help us accelerate the movement.

Donate $1 to Gitcoin Grants

Andrew Steinwold is a respected voice in the NFT space and is managing partner of Sfermion, an NFT-native investment firm.

We unpack the recent NFT boom and digest the innovation, successes, failures, and lessons in the space as we reflect and move forward.

📺 Episode 38 of State of the Nation

🎙️Listen to Podcast Episode | 📺 Watch the Episode

📺 SotN #38: The State of NFTs | Past, Present, and Future

Guest: Andrew Steinwold

March 16th, 2021

When Andrew was last on Bankless for 'The Bull Case for NFTs' in September 2020, the Nation was introduced to NFTs as an ocean of opportunity for democratizing value. The landscape for NFTs has changed drastically in the last 6 months, but Andrew's approach has remained generally similar.

Andrew updates us on his expectations on the future of NFTs in the context of the current boom. He addresses the notion of the 'NFT Bubble' and the blurred distinction between memes and value. We dive into Proof-of-Work vs. Proof-of-Stake and what makes for a genuine NFT – in terms of both content and distribution.

Through the trials of this cycle, we have found many NFT-specific insights and lessons. Andrew explores the successes and failures of experimentation in this space. We highlight Cryptopunks, which boasts an organic release, being the first of its kind, and mass community adoption.

Andrew Steinwold @AndrewSteinwold

I am 10,000% positive crypto art is the future because of how many traditional art people hate it. Anything the "establishment" hates is always the future

February 21st 2021

83 Retweets627 Likes

Resources:

The Bull Case for NFTs

Sfermion Website

Sfermion Blog

Sfermion on Twitter

Andrew on Twitter

CATCH UP ON BANKLESS:

• 🗞️ Weekly Rollup (3/12)

• 🧢 Weekly Action Recap (3/13)

• 📈 Market Monday | ETH is Ultra Sound Money (3/15)

• 🎙️ Podcast with 1confirmation (3/15)

🏴 JOIN THE NATION 🏴

Subscribe: Newsletter | iTunes | Spotify | YouTube | RSS Feed

Follow: Twitter | Instagram | Reddit | TikTok | Facebook

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.