NFT is the most recent craze that exploded in the cryptocurrency space and also in the traditional art scene where Christie’s Auction house set a record for the highest-selling NFT at $69 million Ethereum tokens. An NFT is a new type of digital asset. Anndy Lian speaks to the dTV ThinkTank community about it. Anndy was on Channel News Asia, Money Mind segment, sharing with all what is NFT. Today he tells us more.
Anndy is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030” and currently the Advisory Board Member of Hyundai DAC Technology. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. He also played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
Lian talked about the possibilities that NFT can bring to the crypto space. It allows you to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain. He has also talked about how NFT can solve copyright issues and how multichain protocol such as CZZ (http://www.classzz.com) and multi-chain market place like Hodooi (http://hodooi.com) can change the current NFT landscape.
“We will move beyond this NFT hype to benefit a wider audience group. The possibilities are endless for crypto.”
To contact Anndy, go to https://www.anndy.com. You can also view the original video on https://www.youtube.com/watch?v=9S-RmrKyKOI.
Transcript (Auto-generated)
00:05
hello comrades
00:07
my pleasure to see you again and as a
00:10
reminder
00:11
i am sergey sivan your host of this
00:15
truly decentralized tv channel about
00:17
innovations
00:18
and future tech only one successful
00:22
blockchain tv
00:23
and place where each and every person
00:26
ready to share his amazing ideas and
00:30
thoughts within think tank community
00:33
extremely
00:34
welcome today my guest is andy lyon
00:37
an early blockchain adopter and
00:40
experienced
00:41
serial blockchain entrepreneur who is
00:44
known
00:44
for his works in the government sector
00:47
he is the best-selling book
00:49
author blockchain revolution 2013
00:53
and currently the advisory board member
00:56
of
00:57
hyundai dag technology andy is part of
01:00
the
01:01
gun sun books do blockchain special
01:04
committee
01:05
government of republic of korea together
01:08
with
01:08
industry experts such as brock purse we
01:11
know him personally
01:13
and also played a pivotal role
01:16
as the blockchain advisor for asian
01:18
productivity organization
01:20
apo and intergovernmental organization
01:23
committee
01:24
to improving productivity in the asia
01:27
pacific
01:28
region and as a big supporter of
01:31
incubating startups
01:32
and he has also been a private investor
01:35
for the past
01:36
eight years with a growth investment
01:39
mindset
01:40
and the strategy strategically
01:42
demonstrates his in the
01:44
companies he chooses to be involved with
01:47
he believes that
01:48
what they’re doing throughout blockchain
01:50
technology currently will
01:53
will reversalize and redefine
01:56
traditional businesses
01:57
he also believes that the blockchain
01:59
industry has to be
02:01
re-decentralized happy to see your body
02:04
what’s your tip
02:05
for our viewers viewers today
02:08
good to see you buddy um well i think
02:11
one short tip is uh stay passion
02:13
and then stay passionate and do the
02:16
right thing for the crypto space yeah
02:18
how are you cool cool you know so many
02:21
things
02:22
are comes up into this interesting space
02:26
starting from the last year all the
02:28
device sector is extremely
02:30
growing blowing our minds but another
02:33
stuff also
02:33
coming to nft non-fungible tokens and
02:37
looks like all the designers unique
02:40
creators
02:41
arts and all that stuff coming into the
02:44
market that
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i see so many posts from you i see so
02:47
many
02:48
involvement in this industry to share
02:51
with us your tell us share what you
02:53
do this industry and how do you
02:54
personally come into
02:56
well um i think i think there are a few
02:59
things that uh
03:00
are really important and very
03:04
hyped up at the current moment one is
03:05
defy that you have mentioned
03:07
another thing would be nft right so the
03:09
defy it has definitely grown
03:12
in in size grown in in a number of
03:15
projects
03:16
and grown in the total number invested
03:19
in
03:19
so it is still growing um i do see
03:22
another phenomenon is that the
03:24
traditional companies
03:25
are looking at how to
03:29
be part of these uh defined uh craze or
03:32
this defy heart height and and and
03:35
and this this is actually a big thing
03:38
because if
03:38
the if the traditional finance guys are
03:41
going to come in with more capital
03:43
this would mean that you know the
03:45
current blue run could run a lot longer
03:47
than we have expected right
03:49
it’s no longer like some say it’s going
03:51
to end in september
03:52
well it could be september 2023 you know
03:55
or 2024 right so
03:57
life goes on so that’s the phi sector
04:00
the other thing that i look at very much
04:02
is the nft stuff right
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so if you have seen what i’ve talked
04:07
about on
04:08
china news asia twice on money
04:12
money mine uh this is a segment in in
04:15
in the singapore mainstream tv channel
04:18
uh we will talk about what is nft
04:19
what can nft do and so forth um and in
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the recent
04:24
event i also talked about nfts again but
04:26
but you know
04:27
as of now nfps um is
04:31
more towards the art scene collectible
04:34
um mainly on that on that front
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but i do also see that there’s a
04:40
possibility that you know
04:41
nft could go into the financing
04:45
right or maybe go into the stock scene
04:48
you know so things things will change
04:51
you know things
04:52
things might uh might change a lot more
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as we progress
04:56
as you build on the infrastructure to
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make it work
05:00
um a lot better because right now i
05:02
think the
05:03
the the whole um
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nst thing is still in a very early stage
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um
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when we see more infrastructure being
05:13
built on on top
05:14
more layers being built on top you know
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i i think
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maybe it will be even higher in terms of
05:20
uh
05:22
invested amount and then d5 in time to
05:25
come
05:27
okay cool you know just let us know uh
05:30
we have talked so many times in our nf
05:33
talks
05:34
in our discussions about noble
05:37
situations of course
05:39
and so many thoughts and so many dot
05:42
about where is the value in nft
05:46
where is the real value besides of the
05:48
money we clearly see that
05:50
all the designers or the art creators
05:52
are trying to sell
05:54
their the the content are trying to sell
05:57
their
05:57
i would say their stuff for the humans
06:01
for the people
06:02
and create the history about it but
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where is the
06:06
real value which brings blockchain in
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the sea which blink
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we which bring that non-fungible token
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um would have not known tangible talking
06:16
i’d say with non-fungible token
06:19
ideology where is the point and what the
06:22
make sense
06:23
for the creators where they can find
06:26
a new kind of market and be some uh
06:29
some kind of much more valuable in this
06:32
space just your thoughts is very
06:33
interesting
06:34
sure i i think again you know whenever
06:37
we talk about nfp
06:39
maybe in general right now i think the
06:41
question that you posted would be like
06:44
what makes nfps valuable right so
06:47
based on what i see personally you know
06:49
um like
06:50
many other assets right now it’s a
06:52
different asset class and so forth
06:54
um cryptocurrency nfts and so forth
06:57
it all depended on demand and supply
07:01
i think demand supply are the key market
07:03
driver for the price
07:05
um due to the very scarce nature of nft
07:09
you know it’s very unique one piece only
07:12
you know it created a fair bit of demand
07:15
you know so right now you see you know i
07:18
have been sold at seven
07:19
close to 70 million uh you know tweets
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going at um maybe
07:26
close to three million and so forth
07:27
these are some really good case study
07:30
right very good case study but not every
07:33
tweet or not
07:34
every artwork per se is going to fetch
07:37
that price
07:38
right so the high demand you know from
07:41
gamer from collectors from investors
07:44
you know these are people who are often
07:46
to prepare
07:47
to pay a lot of money for them because
07:49
they felt that they liked the
07:50
nft if they liked the nft they felt that
07:53
the designer behind the nasty or the
07:56
the collective collectible itself can
07:59
bring them more value
08:00
in the future then okay
08:03
you know they will pay for the high
08:04
price right so some of the nfps also
08:06
have the potential to make their own
08:09
owners a lot of money so i’ll give you
08:10
example one gamer you know
08:13
on decentraland is a virtual land
08:15
platform
08:16
um they decided to buy 64 lots
08:20
uh you know within within the within the
08:22
game
08:23
and combine them into a single estate
08:25
you know adopted
08:27
as the secrets of satoshi team green
08:29
right
08:30
and that itself which is just a virtual
08:32
ascent it was being sold at
08:34
80 000 purely because of the desirable
08:38
location and road access in the virtual
08:42
land
08:42
right the gamers see that well if i if i
08:45
have a plot of land
08:46
here very strategic i could build big
08:49
buildings
08:50
you know tallest building and so forth
08:53
you know they felt that
08:54
you know this is this is this is of a
08:55
good value right
08:57
so this is how nft comes about you know
09:00
someone like it
09:01
you know someone willing to pay for it
09:03
and then someone
09:04
willing to make that transaction
09:08
happen that created the value same thing
09:10
for artwork you know sometimes you know
09:12
i would think that this piece of art
09:13
will look ridiculous you know
09:16
but then wow you fetch a good price at
09:18
that at the christie’s option or
09:20
phillips
09:21
um it all depends on your own
09:25
perception or your own case you know how
09:28
how this
09:28
piece of work is going to work very well
09:30
right so i think
09:32
um right now this is really the current
09:34
scene you know about nfts
09:36
and this is also how people see the
09:39
value
09:40
you know out from these nfts but but
09:43
another question that that might come
09:45
might come up is is is there is a
09:47
certain
09:48
level of liquidity you know in nfts
09:52
you know um i think structurally you
09:54
know
09:55
the the the ability to instantly trade
09:58
the nfts of a certain value uh
10:02
will lead to high liquidity marketplaces
10:06
can also uh cater to such
10:09
um such needs from different audience
10:11
i’ll give you an example i’m involved in
10:13
a project
10:14
called uh who do so is
10:18
is spelled as h o d
10:21
o o i dot com right it is a multi
10:25
multi chain kind of um
10:29
um nfc platform so when it’s
10:32
when it is you know in that kind of
10:35
level
10:36
different kind of um you know products
10:39
can be minted on different chain and it
10:42
can be brought into that marketplace
10:44
that is one way to create more liquidity
10:47
that’s one way
10:48
to make more people go into their
10:51
marketplace you know whether it’s for
10:52
games whether it’s for artwork
10:54
whether it’s for gaming and set and so
10:56
forth i think
10:58
this is this is one way to create more
11:00
liquidity
11:01
to allow more people to go into the game
11:04
right
11:04
so the other way to look at liquidating
11:07
could also be bringing defy into the
11:10
picture right
11:11
so nfts help to expand the market
11:15
of collateral in uh defy landing
11:18
so a defy landing and maybe a boring
11:22
platform require collateral right
11:24
these collateral collaterals are
11:26
generally
11:28
crypto holdings you know but right now
11:31
if we have nft right that nft
11:34
is worth uh a hundred meter for example
11:37
so
11:37
one can now put dr nft
11:40
as a form of collateral you know just
11:43
like a piece of artwork just like a
11:45
piece of real estate
11:46
you know and then they could they could
11:48
borrow against
11:49
uh whatever they want right borrow
11:52
against it
11:53
so that creates created do you know
11:57
yeah who you know and what i see what i
12:01
feel in market
12:02
looks like the real world really
12:05
migrating
12:06
to this virtual one because even in
12:10
decentraland
12:12
people ready to buy something in virtual
12:15
you know where
12:15
in virtual world world even now where on
12:18
the huge distances between each other
12:20
but have all the chances to be with us
12:22
to see on us
12:24
and have that communication level even
12:26
now
12:27
the same story happening with nft and
12:29
with the cryptocurrencies
12:30
and with all that industry so many
12:32
documents so many
12:34
things already get digitalized and we
12:36
already ready to believe
12:38
that this is the fact this is the real
12:41
value and this is the real asset we can
12:44
rely
12:44
on what do you think where uh how the
12:48
ideological in human mindset
12:52
changes uh i’m talking about collectors
12:55
they are now clearly see
12:58
and understand how the artwork works
13:01
in the space they have their own space
13:04
they are collected
13:05
they are collectors they have they are
13:07
owner of so many pictures or so many
13:09
artworks
13:11
but now something changed it becomes so
13:14
easy to do and to share with people
13:16
around do you just
13:17
have a one account in open sea or in a
13:20
rare bill
13:21
and just share the link say look here it
13:23
is mine and
13:25
nothing special happening inside knows
13:27
so many emotions
13:29
well how do they come to because this
13:31
art or this industry
13:33
is based on human emotions is based on
13:36
their activity what do you think about
13:38
that
13:39
it’s gone or is be done in another
13:41
manner
13:43
wow i think again is is a big big
13:46
question my friend so yeah
13:47
i know about that just share your
13:48
thoughts it will be interesting because
13:51
i’m sure that
13:52
viewers do not clearly understand how
13:55
this market should looks like it’s not
13:57
about money really it’s not about
13:58
speculation
13:59
it’s some about something special and
14:02
ideological
14:03
new that’s why i’m talking about that so
14:05
many times
14:06
i i think i think it’s fun to to to see
14:09
it from your
14:10
your point of view but maybe i i would
14:12
give your
14:13
your viewers and your fans some kind of
14:16
uh
14:17
an example you know that that could uh
14:19
help help the whole thought process
14:21
so first of all you know um perhaps
14:25
you you you own a couple of good artwork
14:27
at home yeah
14:28
maybe that the artwork is made of gold
14:32
all right it’s a gold gold color gold
14:34
piece of artwork
14:36
you know there’s a wonderful uh uh
14:38
scenery of what it is you know
14:41
it is worth maybe one million dollars
14:43
because everything is gold you know by a
14:44
very
14:45
um maybe a very famous artist
14:50
do you want to sell it no i don’t want
14:51
to sell it right so i have the money and
14:53
so forth so
14:55
right now because of nft you know since
14:58
you already have
14:59
the original piece of artwork the only
15:01
piece of artwork
15:03
what you can do as a buyer is to
15:05
tokenize it
15:06
right do you need to tokenize it in gold
15:08
color no need
15:10
you can make it to red you can make it
15:12
to orange
15:13
you can make it into yellow 10 different
15:15
colors for example
15:17
upload that sell it off in the market
15:20
you know
15:20
and you still keep your original piece
15:24
hang on on your wall you are very happy
15:27
about it
15:28
nfps actually gave you more
15:31
imagination you know more ability to
15:34
convert your current physical asset
15:37
it could be a piece of artwork for
15:39
example onto
15:40
nft share it with people and also make
15:44
some money out from them right because
15:47
what does it
15:48
it doesn’t cost you much you know to to
15:50
convert into a digital copy
15:52
on top of that you know you could also
15:55
put
15:56
more variable onto the
15:59
smart contract right so when you put
16:01
things like for example i i have a
16:03
nfts as well you know that that
16:07
my team posted it you know that nft
16:09
itself if you buy it
16:10
you get one hour of consultancy from me
16:12
you know
16:14
well yeah that’s it right
16:17
but but the fact is you know is it easy
16:20
to make that sale
16:21
is it easy to make people buy that
16:25
well that is a totally different thing
16:28
right
16:28
liquidity is that all right but in order
16:32
to have liquid
16:33
liquidity and attention to your piece of
16:35
artwork for example
16:37
you need people to market you
16:41
right you need the hype to market you
16:44
this
16:44
same trick this same process is the same
16:47
as the traditional art gallery
16:50
you know christine is auctioned they
16:52
have been doing it for
16:53
decades you know they promote certain
16:56
artists they
16:58
promote certain certain type of artwork
17:01
and so forth at different timing
17:04
nfts for art
17:07
has to go to that that kind of level if
17:09
there’s no such promotion
17:11
it will be very tough for you to get
17:14
your artwork sold
17:15
right so this is the artwork portion
17:18
yeah
17:19
but if you look at it very clearly you
17:21
know whether we call it speculation or
17:23
we call it rewards
17:24
or we call it you know tokens
17:28
you know by by doing all this action you
17:31
are being rewarded with something right
17:33
when you are being rewarded with
17:34
something
17:36
you will try to do more you try to
17:38
promote the platform
17:40
so the platform itself got enough
17:42
promotion
17:43
but people are looking at it like okay i
17:45
have now
17:46
did my work i got 10 10 10 tokens each
17:50
token is 10
17:51
okay let me just sell it off i get 100
17:53
bucks is it okay
17:55
i think it’s okay okay for the user
17:57
because they the
17:58
the work is done they are being paid 100
18:00
okay for the
18:01
for the platform owner as well because
18:02
there’s a circulation
18:04
of their platform token and it is being
18:07
seen as a form of support
18:08
to the whole art scene or to the whole
18:11
platform
18:12
right so i think i think fundamentally
18:16
it is no different from what you see
18:19
in the art gallery there’s no different
18:22
at all
18:23
so i i hope you know people who want to
18:25
get into the nft scene
18:27
you know whether it’s for the
18:28
speculative nature
18:31
or is it purely because of the artwork
18:33
that they are trying to appreciate
18:35
in time to come um both of both both
18:38
group of people
18:39
got to see this long term and got to see
18:43
this
18:43
in the right manner you know because
18:46
artwork itself in order for
18:48
it or for for people for example to have
18:51
that kind of price
18:53
for his artwork it is not an overnight
18:56
thing he is not
18:58
an artist that pops up last week you
19:00
know so
19:01
i think you have to get that kind of
19:03
duration that kind of
19:04
credibility and then from there you can
19:06
get you
19:07
you as an artist can get that kind of
19:09
mileage you know
19:10
same as a platform you know christie’s
19:13
auction for example
19:14
or solar base and so forth they work
19:16
very hard
19:17
you know so again if you work very hard
19:19
as a platform
19:21
well you could be the next uh big
19:23
auction house you know
19:24
online for nfts so a lot of these things
19:27
going back to traditional thing
19:29
that you you have talked about we just
19:31
got to have the right mindset
19:34
you know indeed i have my vision or my
19:38
explanation where is the real value
19:41
and what do we transfer to each other
19:45
when some artwork comes from creator
19:50
he giving to the humans giving to the
19:54
people
19:54
their ability to just
19:58
change his ownership and that
20:01
cost is just for changing the ownership
20:05
in this moment of life this picture is
20:07
mine
20:08
and a little bit later after making a
20:11
transaction
20:12
the ownership is goes to another one and
20:15
this is like a distributed ledger
20:17
book for accounting like on a european
20:20
bonds when you
20:22
buying some bond you see the previous
20:24
owner
20:25
you see the previous money you see the
20:27
creator one and this
20:28
is the same story if you being sure that
20:31
this artwork or this unique product
20:34
is yours you have to pay for the
20:37
ownership
20:38
to the previous holder one and that’s
20:40
the all the
20:42
reason and that’s the all the money
20:44
creation process
20:46
am i right or it should looks like just
20:49
another manner
20:50
or it looks like just other am i right
20:52
in
20:53
in my thinking or not i i think what you
20:56
have mentioned is
20:57
it’s correct to a certain extent you
20:59
know i think when you talk about
21:00
european bond and so
21:02
forth yes um art work yes
21:05
but the thing is this you know um i
21:07
think the tracing and
21:09
uh tracing the the authenticity of the
21:12
product and so forth
21:13
you know it has been always been a a
21:16
characteristic for blockchain so there’s
21:20
the it is the same for nfts as well you
21:23
know the ability to track who was the
21:25
previous owner
21:26
ability to track what was being
21:28
transacted who was the real
21:30
artist and so forth yes i think that is
21:33
that is one of the value
21:34
but again you have to you have to see um
21:37
there are some limitations as well
21:39
right right to to whether or not uh how
21:42
you authenticate and verify this is the
21:44
real owner right because if you go to
21:46
some of these um marketplaces you know
21:48
you could see
21:49
a lot of different things that are maybe
21:52
not
21:52
original that has been uploaded there
21:54
right and then if you put in the
21:56
the the kind of a rubbish data you get
21:59
back the kind of rubbish result right
22:01
so i think ultimately as of as of now in
22:04
terms of uh
22:05
technology um uh adoption how to
22:08
authenticate whether this is the
22:10
the real owner or the real artist or not
22:13
i think it is still questionable so
22:16
it goes back to the fact uh that you
22:19
have to trust the platform
22:21
right you have to trust whoever the
22:23
auction house is right
22:24
you know so i’ll give you example in the
22:26
same same as uh
22:27
you know trading and exchanges right
22:29
people who choose finance over
22:31
abc exchange right because
22:34
because finance is bigger it has a
22:36
longer reputation
22:38
you know it has uh uh built more trust
22:41
you know within within its network so
22:44
same for for the auction houses so so
22:46
all these platform
22:47
marketplaces become really important
22:50
really really important because they
22:52
become the gatekeeper for
22:54
for many of this artwork especially so
22:56
for those that
22:57
are uh are priced a lot higher you know
23:01
so what i would expect is you know
23:03
during the normal marketplace
23:04
well there’s a certain level of
23:06
verification perhaps yeah
23:08
i’m not sure how this was this is going
23:10
to be done but
23:11
for special auction bigger price item
23:14
i i do believe that the marketplace
23:18
got to do a lot more than just letting
23:21
them
23:22
sell at this price they’ve got to verify
23:23
the owner they’ve got to
23:25
verify that he is the the artist
23:29
you know who is the artist because the
23:30
owner might not be the artist right
23:32
so you got to verify the owner current
23:34
owner previous owner
23:36
the artist we know when when they did
23:38
this piece of artwork
23:40
you know this this whole set of data
23:43
become a birth certificate
23:46
and it is part of the nft right so
23:49
whenever you sell
23:50
this this this nft the data that you
23:53
have mentioned my friend
23:54
it goes together with it so that could
23:56
that could potentially be the value
23:59
more value if you can authenticate
24:02
lesser value
24:03
if you can’t authenticate so again it
24:04
goes back to the marketplace
24:06
so yes it is part of the value creation
24:10
you know something interesting already
24:13
happened
24:13
just few days ago the mark the
24:16
well-known marketplace
24:17
open sea uh has
24:20
uh has done so suspicious
24:24
so suspicious and non-understandable
24:26
things one of the collectors
24:29
uh his name is roman luka he
24:32
brings to the dead platform the artworks
24:36
of nba nba company but
24:39
but but it not be not not original it
24:42
gonna be
24:42
fake one and he
24:45
for sure uh has that case done
24:48
said to his friend just buy this
24:52
by buy this fake one buy this fake nba
24:55
card
24:55
and uh give it the real money for it
24:58
give it the real
24:59
eth he had bought and just a few days
25:02
later
25:03
from the nba just get informed that wow
25:05
nba do you
25:06
know about this stuff they say we do not
25:09
even realize that something happened in
25:11
this space
25:12
and they are giving the violation to the
25:14
open c platform just looks guys
25:16
it’s not the real one whereas nba
25:18
representers we say that
25:20
this is the fake and what the open seat
25:22
does
25:23
without any notification that clears
25:26
up hold the gallery all the gallery
25:30
cleaver clears up
25:32
and now is disrupt all the theory about
25:35
blockchain and about nft is looks like
25:39
it’s do not decentralized it’s
25:41
centralized
25:42
and it can be changed edited
25:46
or stopped or refurbished from the
25:48
platform
25:49
and where is the reason and where is the
25:51
regulation
25:52
and who could and who gonna be the
25:56
judge and the uh i know the person
25:59
who can say this is the original this
26:02
is the not fake and this is the real
26:04
creator
26:05
of this value it’s very uh it’s very
26:08
complexive
26:09
and very good i know complicated
26:11
question but this case is already happen
26:13
and this ongoing i will share the
26:16
information with you too and with our
26:17
audience because now this process is
26:19
ongoing the united states
26:21
in two states up there maybe you’re some
26:24
i don’t know
26:25
this is some some feedbacks what do you
26:27
think about that and what’s your
26:28
thoughts about
26:29
this could be happening with another
26:31
platforms too
26:33
i think i think this is uh the same
26:35
rubbish in rubbish our kind of
26:36
concept um but whether or not um
26:40
whether or not uh open c decentralized
26:43
and not decentralized
26:44
i think uh the action says it all right
26:48
so um i think first of all you know if
26:50
there are any form of a possible
26:51
violation
26:52
that is copyright related i think openc
26:56
has the right to re remove it right
27:00
it is no longer about whether it’s
27:02
decentralized or not decentralized
27:04
because
27:04
this is copyright it’s a it’s a totally
27:07
different thing
27:08
even if you are in a down network the
27:10
community can just vote and then make
27:12
sure that this thing
27:13
can be gone so i think i think opencd
27:15
did uh
27:16
did the right decision to remove it but
27:19
i’m not sure again you know how
27:22
uh how how is this going to be resolved
27:24
with nba
27:25
uh top top shots you know uh on on this
27:29
on this instance um i i do not have
27:32
the information of what happened
27:36
but um i think you know as a very
27:39
early platform in the nfc space
27:43
they have to continue to evolve and try
27:46
to do the right thing for the space
27:47
so one um you know looking at how to
27:51
verify the content would be will be very
27:53
very crucial uh two is the ability to
27:57
rectify
27:57
problems that is also very crucial and
28:00
three
28:01
um i think openc got got to also
28:04
uh or or maybe not open c the the
28:07
marketplaces as a whole
28:09
got to make sure that you know they
28:13
they educate their users you know on on
28:16
on this uh related problems that will
28:20
come out you know because some of these
28:21
collectibles
28:22
you know even in the older days you know
28:24
you’ve been i think
28:25
in our age and so forth you know we play
28:27
with nba cards as well
28:28
physical card right you know during the
28:31
old days you can also see the the fake
28:33
ones around right
28:34
they they look slightly different a
28:36
little bit thicker
28:37
you know and so forth and so on
28:41
um i think that problem will still
28:43
persist
28:44
in in the in this in this nft space
28:48
um we again got just got to buy from the
28:51
right
28:52
platform for example if you buy directly
28:54
from nba top shots
28:57
you will not get a fake one right
28:59
because it’s all all authenticated and
29:01
so forth
29:02
uh if you buy it from super rare for
29:04
example you know for some of these
29:06
really nice rare unique artwork
29:09
i believe they are all verified you know
29:11
uh but if you are going to a platform
29:13
where they reach out to the big masses
29:16
well um you got to you’ve got to
29:18
exercise they’re kind of cautious
29:20
you know whether or not the openc is
29:23
wrong
29:24
um i i i cannot i cannot uh be the judge
29:27
but the thing is
29:28
you just think about it ebay or even
29:30
alibaba there are tons of big things on
29:33
it
29:33
you know are they being fought uh doing
29:36
that
29:36
no because these are all uploaded by the
29:39
individual
29:40
uh uploaders you know so the same theory
29:43
goes for
29:43
for openc i don’t think they have
29:45
committed any uh
29:47
serious crime but i hope that they can
29:49
tighten up the whole process
29:50
to make sure that you know the nft uh
29:54
reputation is preserved that that could
29:56
be the main thing
29:59
cool thank you for your i completely
30:02
agree with you
30:03
it’s an interesting point of view uh
30:06
i can say that from my perspective open
30:09
c
30:09
is right because the decisions and
30:12
ideology based on the
30:14
known on the how it’s a uh
30:17
non-replaceable
30:18
something based on the blockchain and
30:21
that
30:22
that is the point where the people come
30:24
in into
30:25
and say if i bring value or bring
30:28
something
30:28
on this platform on this i know digital
30:32
dlt i would say decentralized ledger uh
30:36
i want to be ensured that no one has any
30:39
chances to change it somehow
30:41
but open c does that’s the case and
30:44
that’s the dot
30:45
you know maybe you want to add something
30:47
because uh i want to finish our today’s
30:50
uh conversation is very interesting for
30:53
me
30:53
and for uh i’m sure i’m hope for you too
30:55
and for our viewers
30:56
maybe from your uh you have to you want
30:59
to add something because i see that so
31:01
many discussions going to be
31:03
happen if you don’t mind i will invite
31:06
you
31:06
on our shows too but let us know maybe
31:10
you have to add
31:11
uh something to our audience to now i i
31:13
think today’s topic is more about nfps
31:15
and uh how
31:16
how how it has been valued you know i
31:19
would want to say that uh right now
31:21
we’re still at the very early stages
31:23
of nfc so just give the whole space a
31:26
bit more time and a bit more space
31:29
and let it grow uh by doing that you
31:32
will possibly you know create a new
31:36
valuable uh asset class that is
31:39
all nfc is limited so that is one second
31:42
thing like i mentioned about
31:45
multi-chain marketplaces or cross-chain
31:49
marketplaces i think um such things will
31:53
will be the the way forward because
31:55
there are too many
31:56
assets on ethereum right now for nfts
31:59
there are other players who also want to
32:00
come in so i think
32:02
if if uh you know platforms like this
32:06
h o d o i dot com you know they can come
32:09
up with a multi
32:10
uh uh chain marketplace i think that
32:14
that would make it
32:15
make a lot of a difference or perhaps
32:17
there’s another
32:18
uh uh protocol that i want to mention
32:21
it’s called cz
32:22
so their website is class c l a s s z
32:25
dot com they are also into the
32:27
multi-chain
32:28
crosstrain protocol business you know i
32:31
think
32:31
i think what what we will see in in nst
32:35
will be things that are going to be
32:37
cross chain going to be about teaching
32:39
so that you know whatever liquidity that
32:41
we have or whatever
32:43
asset we have one different uh chain
32:45
right now can all be con
32:47
converge to one uh that that could be
32:50
another
32:51
key direction that the nft space
32:54
will move towards same same goes for d5
32:58
because
32:58
the same theory and ideology work the
33:01
same
33:02
for for for both so i hope to see more
33:05
more cross
33:05
chain more multi-chain platform protocol
33:09
or even the projects
33:11
because that will make a lot of a
33:13
difference you know and i
33:15
and i always felt that with that kind of
33:17
healthy competition
33:18
uh ethereum uh bsc for example or even
33:22
the
33:22
the things like uh soluna
33:25
um solana or this uh okay chain and so
33:29
forth i think
33:30
you know that that will that will up up
33:32
their game
33:33
you know that will try that will make
33:35
them work a lot harder for the
33:36
for the dollar you know and and that
33:38
will also be a very good thing for the
33:41
industry because
33:42
you know we just need to to have the the
33:45
right mindset
33:46
and have the right passion behind it to
33:48
to see the industry grow in the longer
33:50
term
33:51
so i would love to talk to your friends
33:53
you know love to get onto the think tank
33:55
show again
33:56
and lovely to see you my friend
33:59
thank you andy thank you for your time
34:03
uh thank you for your passion and
34:06
interesting tips
34:07
to our think thank community thanks to
34:10
our uh how i say viewers for
34:13
their attention to for sure we’re going
34:16
to
34:17
talk so many about nfts about all these
34:21
stuff about all this new market stay
34:24
tuned with us
34:24
we are on dtv channel is first success
34:27
decentralized television just for you
34:29
we are talking about innovation and
34:31
future tech with us
34:33
thanks a lot see you bye bye
34:38
bye
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.