A Beginner's Guide to NFTs
Best explanation of NFTs and virtual goods I heard was from pmarca and bhorowitz on Clubhouse yesterday:<p>- The Honus Wagner baseball card is $0.50 of physical goods (cardboard&#x2F;ink) and $3M of virtual goods<p>- A Basquiat painting is $100 of physical goods (paint and canvas) and $1M of virtual goods<p>- A rare Nike sneaker is $5 of physical goods (plastic&#x2F;rubber) and $500 of virtual goods<p>NFTs are going to take this phenomenon to Internet scale.<p>We made the conceptual leap from physical gold to digital gold with Bitcoin. We will do the same for all other objects with cultural value with NFTs.