This is minted. A new podcast from the product of everyday things. In this series I'll be following a few NFT creators and collectors on their journeys into web-3 and sharing their experiences on the podcast. I'll be talking to economists academics. People who were there for web one and the people who are building web three and the metaverse right now.
We're entering the third wave of the internet. Jump-started by a revolution in decentralized finance.
Blockchain technology has carried Bitcoin into a $40,000 per- share reality in 2021. Blockchain and NFTs or non fungible tokens provide new models of monetization and ownership, engineering a bridge to our new collective reality in the metaverse.
If you're not convinced...
In 2021, the digital fashion studio artifact partnered with an 18 year old artist for an NFT drop that generated $3 million in just seven minutes.
Web-1 was the platform for centralized businesses like Amazon to grow to a $30 billion market cap by 1999. Web-2 was the platform for writers and filmmakers.
That means web-3 could be the platform for those creators for whom web too hasn't brought about the same levels of success as the bloggers, YouTubers and Instagram influencers. Web-3 is for the creators of immersive content. That means artists, fashion designers, and musicians, as well as a new generation of filmmakers game studios and interactive storytellers.