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#9 /nft AMA ft. @avichal & @zedd @avichal is Co-Founder & General Partner at @electric Capital. He's a serial entrepreneur, ex-Google and Facebook tech executive, and a prolific investor — NFT investments range from projects like Magic Eden and Wasabi to NFT funds like Spencer Ventures and @curated. @zedd is Co-Founder & COO at Magic Eden, the leading community-centric NFT marketplace for discovering, expressing, and owning digital culture. 📆 Fri, 16 Aug @ 10am PT — ask your questions in the comments!
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what’s something about NFTs that’s easy for you to understand but hard for others?
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Most non-crypto people don't understand how pixels can be valuable. They can understand shoes or watches or purses, but not "jpgs" The way I get them over the hump is asking them what they would do if their house were burning down... 20 years ago, most people would run in to get their family members + pets, and then wedding album, pictures of their kids, birth certificates. Today, if you have your phone on you, you're probably good. You have pictures and videos of your family, you can get another birth certificate, your digital identity and network and livelihood is on your phone. And if you backed things up properly, you don't even need to risk your life to get your phone. All of the most valuable things in peoples' lives are already digital, so obviously there can be monetary value that people ascribe to digital things now as well - which opens up all sorts of use cases from luxury goods/social signaling to NFTs for gaming to digital art to who knows what else.
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NFTs can change the way we consume content because it is just programmable media at the end of the day. May be hard to see today because they are images that can be traded. But don't let that trick you into thinking that's the limit of possibilities.
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