EXCLUSIVE INTERVIEWS: Seasonal Insights on NFTs Past, Present, and Future (Part 2)

EXCLUSIVE INTERVIEWS: Seasonal Insights on NFTs Past, Present, and Future (Part 2)

Interviews with Jordan Belfort, Brock Pierce, Nifty Gateway, SuperRare, VaynerNFT, and other leaders in the NFT space.

The whir of people and activity, bright lights and decoration, and general festive air that used to punctuate the holiday season in the now-archaic shopping malls across the U.S. now seem replaced with the hustle and bustle of more NFTs coming to market. Every week brings news surprises directly to our inbox, for those of us who are on the mailing lists for new projects.

Multi-platinum recording artist, Pia Mia, came back from her stint as one of the judges at Miami Art Week inspired to release Birth of D1AD3MA, an NFT collection on OneOf which included the early release of her new song “Whole Thing”.

Sarah McDaniel, Playboy cover girl in 2016, dropped a limited edition of NFTs last week, this time not leveraging her image as a model, and only five of the 82 pieces have been collected. The NFTs are based on a short animated film, Kerfuffle. The difference in reception between Kerfuffle and her NSFW.app drops has not escaped McDaniel who said in a statement:

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“My first NFT drop sold out in seconds because it leveraged my image and notoriety in the modeling world,” McDaniels said of her NSFW.app collection on OpenSea. “But the Kerfuffle drop has artistic power. It spotlights the empty culture and false beauty standards that generate a darker side to our society.”

Perhaps McDaniel anticipated the difference in responses – if so she made a Kerfuffle with the contrast in the drops themselves.

VaynerNFT, beyond supporting the very successful VeeFriends series, seems determined to dominate the space through sheer volume and variety of drops. This week they partnered with Coach on the launch of its first collection of NFTs featuring eight Coach Holiday animals.

VaynerNFT also released the Pepsi Mic Drop genesis NFT collection about which Gary Vayernchuk was naturally very enthusiastic:

“I love that Pepsi is embracing one of the most significant technology shifts of our lifetime. NFTs will change the culture of value creation forever; this is an exciting moment for the brand to build loyalty & bring immense value to its community & fans,” Vaynerchuk said.

But in the hubbub of holiday shopping for the latest and shiniest new certificates of digital ownership, we return to our review of the leading minds in the NFT space and their view, with all respect to Charles Dickens, on the spirit of NFTs past, present, and future.

Jordan Belfort

Investor, Entrepreneur, Speaker, and Author

Past – What brought us here?

“I posted a tweet saying 2021 is the year of the NFT. And I got some pushback from people saying, no, this is just the beginningNext year is the year of the NFT. People are really passionate about this stuff.

I think it has to do more with what’s going on with web 3 and this push towards taking back power from centralized institutions. Web 2 is all about the big platforms like Amazon, Facebook, Google, Twitter, they organized what was this incredibly large, massive information that was web 1 and made it easy to use. But everyone that gave all the information lost power. Some people struck it rich, but most people didn’t make any money. They were the contributors and content creators, but they didn’t get compensated fairly for it.

So that I think what’s really underpinning this next movement where wealth is spread to the people who actually contribute to the creation of information. And what makes that possible is  NFTs. NFTs are like your authentication of ownership of any given asset or piece of information. They allow the individual to go out and create content, put it out into the world, and use smart contracts to get compensated for little bits of information over time…  it creates this landscape where the average person can start to get paid for creating content, and that’s what’s behind it.

I think it’s going to very quickly evolve… you’ll see many, many things tokenized – real estate, titles, and anything can really be tokenized, a great portion of the economy can be tokenized,” Belfort said.

See more: NFT Release Calendar

Present – What brought us here?

“I think that what you’re seeing right now is a hyper-growth phase. When you have this first wave of adoption there is a lot of FOMO (Fear Of Missing Out), and it’s speculative hot money… And we see that often happen early on and something gets hot.
And it’s because the hot money it’s a lot of speculative investments… Some projects are just looking for quick cash and those will probably fall by the wayside. But I think what you’re going to find is a lot of the better projects where there was something of value or some utility behind it, will continue to thrive over the long term…

I haven’t launched anything myself. I’ve been buying NFTs and I’ve been approached by everybody under the sun to launch NFTs, but I want the market to get a bit more mature. And also I’m looking to do something very special,” Belfort said.

Future

“At some point in the near future, the SEC is going to get involved in this space. They have to. I think what they’re going to be looking at is how many of these NFT projects are really about the future work of people who are essentially creating… value in a decentralized community. If they are not driving forward the value of a project, then that fails the Howey Test, which is what the SEC uses when they take action against someone.

So be very careful about getting involved in these projects that could really have the regulatory hammer come down on them in the next six months…  That doesn’t mean you shouldn’t do it, make your own decision, I think the NFT space is going to be massive in 2022. So there’s a lot of money to be made and a lot of fun to have there. Just be careful,” Belfort said.

Brock Pierce

BROCK PIERCE, Bitcoin Foundation Chairman

Past & Present

“NFT has been the theme of the year and Webster’s Dictionary acknowledged it as the 2021 ‘Word of the Year.’  It has taken a few years to get to this point – ownership of digital art as NFTs first began a few years ago – but the enthusiasm surrounding NFTs is expanding the horizons and driving innovation surrounding the ownership of unique digital assets,” Pierce said.

Future

“Looking ahead, the market does need to have some caution and there will likely be a correction next year, in many of the NFT projects that are ‘hype’ and without real communities behind them.

There will, however, be many new projects launched, some of which will capture the right balance of innovation, community, and utility, and will drive interaction with DAOs and metaverses,” Pierce said.

Griffin Cock Foster

Co-founder of Nifty Gateway

NFTs past: What brought us to this incredible point in NFTs in 2021?

“Looking back, the most remarkable part isn’t that NFTs grew the way they did – it’s that it took so long for something like this to come into fruition. At Nifty Gateway, we’ve seen and worked with hundreds of artists who had enormous followings, creativity, and devotion, but were denied meetings at traditional art galleries. In hindsight, it’s clear that there was tremendous demand from the public to collect their work and participate more deeply in the communities they created. Blockchain innovation was just the technological breakthrough that allowed it to happen,” Foster said.

NFTs Present – what should people be focused on right now?

“Right now, as always, it’s essential for NFT projects to focus on the long term. Those of us who have been in crypto for a while have seen many swings up and down, but as a five-year average, things look quite rosy indeed. This level of volatility is not uncommon for breakthrough new technologies. If we look back, we saw tremendous volatility when the Internet was first introduced for commercial use in the 1990s, and going back much further, we saw tremendous volatility when oil was first discovered and put to use in the Pennsylvania oil fields of the 1870s,” Foster said.

NFTs Future – is the growth sustainable?

“I predict in 2022, we will continue to see growth.  However, I will also stick to the mantra that prediction is hard, especially about the future. It’s unclear what trends will dominate in 2022, and it’s unclear what to expect, other than the unexpected.

I believe that 10 years from now, NFT collecting and trading will be at least 100x more popular than it is today. It’s captured the art world – and that is only the first inning. We couldn’t be more excited for the future,” Foster said.

Avery Akkineni

President of VaynerNFT

NFTs past: What brought us to this incredible point in NFTs in 2021?

“2021 was a watershed year for NFTs, with millions of new users flocking into the space, driven by key culture-makers and moments – particularly across art, sports, entertainment, and gaming. This year, NFTs truly entered mainstream consciousness,” Akkineni said.

NFTs Present – what should people be focused on right now?

“Successful NFT projects have a few things in common – a dedicated community, elements of utility, and unique use of NFT technology. While there is no set formula for what works, community buy-in is the most important variable to success,” Akkineni said.

NFTs Future – is the growth sustainable?

“We’re still in the very, very early days of NFTs, and 2022 will bring a plethora of new NFT use cases. However, in the long-term, NFTs are here to stay, and in the short-term, we’ll see an advancement of current technology, particularly as a larger number of users engage in the NFT space,” Akkineni said.

John Crain

CEO of SuperRare Labs

NFTs past: What brought us to this incredible point in NFTs in 2021?

“2021 has been an incredible year for the space and we’ve seen more than $200M in sales on SuperRare. I think this growth has been driven by the popularization of digital art and creatives who have been looking for new business models that work in a digital context. What makes NFTs so compelling is that they create an ownership layer for digital objects… When we started in 2018 it was very challenging to get folks to understand what we were doing. This year has been so validating in that the general public started to understand and embrace the implications and vast potential of this new market,” Crain said.

NFTs Present – what should people be focused on right now?

“2021 has been such an incredible boom year, there is sure to be a market correction and we’re prepared for that. Going forward, I think NFT projects need to focus on creating value and expanding the ecosystem… We’ve seen a lot of newcomers and we need new tooling and new use cases, not more of the same ideas and models being rehashed,” Crain said.

NFTs Future – is the growth sustainable?

“Overall, I don’t see things contracting in 2022…  I believe that 2022 will be a year of utility, with the goal being to create a more general user-friendly experience. I think we’re going to see better display technologies including analog and digital. We’re also looking to create an easier onboarding experience, which will open up new opportunities for users without a lot of crypto experience (so they don’t need to manage a wallet for example.)  We are also excited to see the technology continue to expand to new industries like fashion, film, and music, which really took off in 2021,” Crain said.

More Leading Voices in NFTs

There are so many use cases for NFTs, just within art and collectibles alone, that it’s hard to give the full picture with a single chorus of voices, even in a two-part article.

For example, Desiree “aka Dzikt”, artist and co-founder of Girlfrens NFT collection sees NFTs as a means to raising money and awareness for charity, specifically for those afflicted with cancer.

“Looking at this through the lens of a charity-focused NFT project, this community piece is something that is often overlooked by newcomers but becomes the key element that draws people in and keeps them engaged… Millions are being raised for charity through NFTs, it is a completely new avenue for causes to receive funds and more are being onboarded into crypto every day through platforms like the Giving Block,” Desiree said.

But while Desiree and other non-profit NFTs we have written about see a chance to raise funds for charity, other project leaders see NFTs as just a step toward the realization of a digitally verified and decentralized metaverse.

To Ori Levi, CEO of NFTTrade, 2021 might well be the year of the metaverse’s inception as much as the year of NFTs.

“2021 was the year of the metaverse, the first presence of digital life, and although we are still far from a mainstream metaverse, NFTs presented, for the first time, the ability to have status and be a member of an elite group of people online…  GameFi presents a new opportunity for the world, and the NFTs associated and usable in games and metaverses can go for significant value if they can present a fun and scalable game. ,” Levi said.

Dylan Katz, CEO of 2CrazyNFT platform, looks forward to a future more even market where digital ownership and encounters are just as valid as RL assets and experiences.

“In the future, we can hope to see NTFs in another more reasonable market that is available to the overall population, and simultaneously these NFTS will be Just authentic. Eventually, our virtual encounters will become compelling partners to certifiable encounters,” Katz said.

Anndy Lian, Chairman, Asia at BigONE Exchange concurs as to the importance of the Metaverse in the future of NFTs.

“I think NFT is the key and connector. NFT + Metaverse, NFT + Defi, NFT + SocialFI are some combinations that will do well in 2022. There are still many combinations to come. So, stay creative and innovative in 2022. I foresee 2022 as a year for stronger adoption,” Lian said.

In what very well may be a world first, Artentik, the marketplace for Santa Casa da Misericordia de Lisboa (SCML), Portugal’s 500-year-old organization that serves as keepers of the Museum and Church of Sao Roque in Lisbon will be dropping what is believed to be a Holy Thorn from Christ’s Crown of Thorns as an NFT on December 27th. I suppose it’s not too early to begin to think about Easter – if you have that kind of foresight for the bunny day.

 

Original Source: https://www.benzinga.com/markets/cryptocurrency/21/12/24668097/exclusive-interviews-seasonal-insights-on-nfts-past-present-and-future-part-2

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 “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”.

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“Let’s Defy to DeFi”: Anndy Lian, Crypto Thought Leader Shares Insights with Blockreview.net

“Let’s Defy to DeFi”: Anndy Lian, Crypto Thought Leader Shares Insights with Blockreview.net

By now, we have all heard about cryptocurrencies. It is a digital currency that is secured by cryptography. Many cryptocurrencies are decentralized networks based on blockchain technology. A new spin-off from the decentralized economy is called “decentralized finance” or commonly known as DeFi. 

Basically, DeFi leverages decentralised networks to transform old financial products into trustless and transparent protocols. DeFi lending & borrowing platforms allow their users to supply and lock their funds into smart contracts from there other users can borrow and pay interest. Smart contracts make all these possible, allowing automated and open finance to transact with a bank in the middle. 

This “trustless” model has its pros and cons. 

Anndy Lian will share his views on Defi. He is an early adopter & thought leader in cryptocurrency and blockchain and currently the Advisory Board of Hyundai DAC, the blockchain arm of the South Korean carmaker. 

 

1. In your own words, give us an overview of what is DeFi?

DeFi is “Decentralized Finance”. This term has been the talking point at the start of 2020 and it has grown to a market cap of $15 billion according to Coin Gecko. In very simple terms, DeFi is a combination of traditional finance and decentralised technologies. 

It is poised to be the start of a new financial era where it aims to be self-managing and is open to everyone who wants to be on it. It does not require everyday users to place trust in it, unlike the traditional financial system where the trust is placed on the bank to take care of the money deposited and the government to maintain the monetary value. 

 

2. Recently, the supply of wrapped bitcoin has increased significantly. To what extent do you think Bitcoin (and bitcoin holders) in particular are driving the growth of DeFi? Are they a major part of DeFi’s growth?

Big whales are always more careful with their money, they normally hold only BTC, early on if they want to participate in the liquidity mining they have to deposit their BTC to ETH and other Ming tokens to participate which most of them think it’s risky. Yes, I think the use of WBTC pair mining will boom the Defi market in certain extend.

According to the data released today(the 2nd day of Uniswap Liquidity Mining), 50% of the miners used WBTC/ETH pair in the initial mining, and most of them are big whales.

The DeFi market is no longer the same market we see in 2019 or early this year before small investors can make a big profit in the market, now as the APY drops and gas increases, it favours the whales more. And small investors are forced into the secondary market.

The good thing about this is the market/volume grows, the bad thing is the DeFi is not that DeFi any more.

 

3. Conversely, are the opportunities provided by DeFi encouraging people to invest more in bitcoin?

Sure it will.

Firstly, as I mentioned before, now the DeFi market favours the whales more, small investors can not even make their ends meet after paying skyrocketed gas fees. So they are forced out from the DeFi mining game and move to the secondary market. As we all know trading Waited for 7 hours, nothing is done.tokens on the secondary market is very risky so many might just trim back to bitcoin(cause bitcoin price will also rise if more WBTC mining pools opens).

Secondly, as big whales they will keep on selling whatever coins they mined and swap them to bitcoin.

Thirdly, as the market as a whole, more and more bitcoins will be locked up which will bring another bull market for bitcoin.

However, all of these above happens only when WBTC liquidity mining succeed. So far we can see Uniswap locked up 750 million dollars on their second day of liquidity of which half is from WBTC/ETH pool, but we can also hear many complain of the market that the APY is much lower than before(compared to Sushiswap, Moonswap or Sakeswap). It’s only the beginning let’s go forward and see what’s gonna happen.

 

4. What, in your view, would happen to DeFi if the price of bitcoin crashed significantly/collapsed? Would DeFi struggle to grow or survive? And what would happen to Bitcoin if DeFi collapsed?

Most of the “Value” coins will go zero if the price of bitcoin crashed significantly/collapsed. One thing is for sure: no coin(maybe tiny shit coins can) can survive if bitcoin collapse. Even 10 years later the Blockchain industry is gone bitcoin is here to stay.

Well, Bitcoin is still bitcoin whatever DeFi live or die, just like the universe will still be there non matter the earth exploded or not.

 

5. Do you see DeFi and Bitcoin becoming more or less interrelated in the future? In what ways might their relationship change?

Defi could go big or disappear but Bitcoin is here to stay. There are no doubts about this. But I do hope to see new players coming into the challenge bitcoin supremacy. With challenges, there are improvements. This is what’s lacking in today crypto space.

 

Meanwhile, “Let’s Defy to DeFi”– Defy current financial norms to embrace the new DeFi economy. 

 

 

About Anndy Lian

Anndy Lian is an intergovernmental blockchain thought leader, a best selling book author, investor and crypto advocate. He is currently appointed as the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group where he looks after the governance and compliance aspects of the business. 

Anndy is driving the crypto and blockchain agenda with governments and businesses and is a known figure in this segment. He plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, helping the province to grow using blockchain technologies.

 

About Blockview.net

Blockreview.net started as a platform for crypto and blockchain enthusiasts who want to monitor and understand the market better. Users can monitor the trends in the market and review the coins and exchanges activities. 

You can find out its rank, price, market cap, history, volume and other things. You have all the information about the cryptocurrencies right at your fingertips. We have since added a news and media section to share impactful news on the industry. 

“Let’s review the blocks together!”

 

 

 

Original Source: https://blockreview.net/news/anndy-lian-crypto-thought-leader-lets-defy-to-defi/

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 “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”.

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“What’s to come in 2020: Major Shifts in the Crypto Investment Space” @ Biki Korea Investment Insights

“What’s to come in 2020: Major Shifts in the Crypto Investment Space” @ Biki Korea Investment Insights

Meet the hottest digital asset exchange in the world, BiKi.com, as they visit Korea during their World Tour. Ethan Ng, CEO of BiKi and several prestigious panel members will discuss, “What’s to come in 2020: Major Shifts in the Crypto Investment Space”, moderated by author and investor Anndy Liang.

 

This event is perfect for…

* blockchain projects seeking fundraising or listing opportunities;

* industry professionals seeking a preview of Korea blockchain trends;

* traders/investors wanting to know more about BiKi;

* media wanting insight into the Korean crypto investment scene;

* and of course, blockchain / crypto / tech enthusiasts of all stripes!

 

We invited top crypto funds and blockchain industry experts who can share the latest on the tech and business opportunities ahead in 2020. Guest panelists include members of Rocketfuel, Blockcrafters, and more.

Afterwards, network with crypto exchange participants, projects, and investors over food and drinks.

Slots are limited, do sign up soon.

Sign up link: https://www.eventbrite.com/e/biki-korea-investment-insights-tickets-74254532305?aff=erellivmlt

Agenda:

15:00 – 15:30 Registration

15:30 – 15:35 Welcome speech and start of Lucky Draw

15:35 – 15:50 Keynote by CEO of BiKi Southeast Asia BiKi Exchange

15:50 – 16:35 Panel Discussion: What’s to come in 2020: Major Shifts in the Crypto Investment Space, with panelists:

-Ethan Ng – CEO, BiKi Southeast Asia

-Christine Choi – Co-founder, Block Patch

-Joony Koo – Founding member, BlockCrafters

-Fred Kim – Partner, Rocketfuel

-Moderator: Anndy Lian, Blockchain Advisor, Asian Productivity Organization

16:35 – 17:00 Panel Question & Answer

17:00 – 17:05 Lucky Draw Winner Announcements

17:05 – 18:30 Networking – Drinks and light refreshments served

 

About BiKi.com:

Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for trading more than 150 cryptocurrencies and 250 trading pairs. BiKi.com is focused on providing the safest, most stable and most effective cryptocurrency trading platform. 100% of the transaction fees are used in buyback and burning of platform token, BIKI. Since its official opening in August 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 1.5 million registered users, 130,000 daily active users, over 2,000 community partners, and 200,000 community members. BiKi.com has received investments from Huobi co-founder Du Jun, Genesis Capital Zhu Huai Yang, FBG Capital, ChainUP and others totaling approximately 10 million USD.

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 “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”.

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