WTH are NFTs and Negotiation as a service???
Hey guys, it’s Kareem again today with another edition of VODCAST. We hope you’ve been enjoying our recommendations and summaries. Today we have a special one from a podcast we love to listen to, My First Million. NFTs have been all the rage and the guys on the podcast broke it down. They also had some fun ideas about businesses that can be started with the negotiation as a service idea (Naas?) Enjoy!
My First Million Podcast by The Hustle
#155 - NFTs Explained: How Digital Art Is Being Sold For Millions and What the Opportunities Are
Apple - Spotify - Google - Others
Summary and highlights 💡
👔 Negotiation as a service?
Certain big-ticket items (such as cars) can benefit from a professional who can negotiate a better price for the end consumer
Saves consumer endless time and takes a cut of savings so in theory, a win-win
Who does something similar?
Mainstreet - Help startups claim credits from Government, etc
InsideCarBuying - Help negotiate car buying
DoNotPay law - Contest anything with a Robo-Lawyer
Where else can NaaS be applied?
Real estate/ home refinance
Venture Investing - Agent for fundraising terms and valuations
Salary negotiations - “Turn a $100K job to $105K or $110K”
❓ NFTs - WTF are they❔
NFTs (non-fungible tokens) are unique crypto tokens that aren’t mutually interchangeable. Unlike Bitcoin (BTC), each coin is completely unique
People enjoy collecting them + rarity/ scarcity + blockchain verification = value
Huge personalities like Logan Paul and Gary Vee are basically focusing on NFTs full time
Lots of hype but cool opportunities and things happening, Eminem and many others are creating art/ music to be sold as NFTs
More NFT stuff:
Cryptoslam tracks the daily transactions of different NFT.
NBA Topshot has been one of the most heavily publicized
Niftygateway is one of the simpler platforms to buy and sell, you can see how Shaan 10xed his money in a matter of days
Opensea is another marketplace for NFTs, eBay of NFTs
💸 Sell shovels to the gold rushers: opportunities in NFTs
No simple ways to display NFTs currently, infinite objects, and Netgear currently in the space
Ways to display and companion apps seem to be desperately needed and can be a huge current opportunity
💱 Kinda related: CoinMarketCap
Displayed crypto prices, simple idea and was acquired supposedly for $400 million by Binance
Delisted South Korean cryptos and the founder is quite secretive, showing the shifting of tides and the nuances of the space
So, what do you guys think? We’re definitely excited to dive into it more and see what we learn. Hit us up with what you know or share this with your friends that have been bugging you about WTF NFTs are.
Ok, have to go explain NFTs to my grandma now. We’ll see you guys again Sunday!