SotN #38: The State of NFTs, with Andrew Steinwold (Past, Current, and Future)

<p>Andrew Steinwold is a respected voice in the NFT space and is managing partner of Sfermion, an NFT-native investment firm.</p> <p>We unpack the recent NFT boom and digest the innovation, successes, failures, and lessons in the space as we reflect and move forward.<br /> ------<br /> 📣REGISTER FOR COINDESK CONSENSUS 2021 AND SAVE $20 W/ BANKLESS:<br /> <a href= "http://bankless.cc/consensus2021">http://bankless.cc/consensus2021</a> <br /> ------<br /> 🚀 SUBSCRIBE TO NEWSLETTER: <a href= "https://newsletter.banklesshq.com/">https://newsletter.banklesshq.com/</a> <br /> 🎙️ SUBSCRIBE TO PODCAST: <a href= "http://podcast.banklesshq.com/">http://podcast.banklesshq.com/</a> <br /> ------<br /> GO BANKLESS WITH THESE SPONSOR TOOLS:</p> <p>⭐️ AAVE - BORROW OR LEND YOUR ASSETS<br /> <a href= "https://bankless.cc/aave">https://bankless.cc/aave</a> </p> <p>🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP<br /> <a href= "https://bankless.cc/go-gemini">https://bankless.cc/go-gemini</a> </p> <p>💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS <a href= "https://bankless.cc/monolith">https://bankless.cc/monolith</a> </p> <p>📈 KWENTA - DERIVATIVES TRADING WITH INFINITE LIQUIDITY<br /> <a href= "https://bankless.cc/kwenta">https://bankless.cc/kwenta</a> <br /> ------<br /> SotN #38: The State of NFTs, with Andrew Steinwold (Past, Current, and Future)</p> <p>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.</p> <p>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.</p> <p>Through the trials of this cycle, we have found many NFT-s