Technology
In this episode of Magic Internet Money, host Brad Mills invites lead editor of BoxMining.com, Michael Gu onto the show to discuss the recent NFT boom. Brad warns it’s a “tulip style bubble”, but remarks it’s a technology that’s here to stay. Michael offers his experience working in the field of gaming as an example of the future of NFTs. The two discuss how the field of collectables and art sales could be changed by the adoption of NFT technology. Brad and Michael speculate on altcoins, the effects from macromarkets on crypto, and the philosophy of Bitcoin. They further speculate on the future of crypto asset based games and what a successful model for one might look like.Timestamps00:00:43 - Show start00:00:56 - The NFT bull market00:04:59 - Ethereum’s relationship to NFT00:08:40 - Game assets not a model for NFTs00:13:08 - History between ETH and BTC00:17:58 - Bitcoin maximalist philosophy00:21:23 - Maximalism and motivations in life00:24:12 - Risk among cryptocurrencies00:31:50 - Risks for newcomers in the crypto space. “Degen pits”.00:39:00 - Anti-altcoining and the debate around it00:43:04 - Macro markets and their relation to Bitcoin00:46:36 - Infinite Fleet and NFT video game assets01:00:27 - The metaverse and the economic side to gaming01:05:10 - The collectables market01:12:03 - Crypto games and non-crypto games01:15:06 - Recommendations about Bitcoin and NFT01:20:14 - Closing remarks and outroLinks to Mentions in the ShowWhat is an NFT?Mark CubanUniswapSamson MowInfinite FleetWhat is the metaverse?ClubhouseLightniteFind Michael GuMichael Gu TwitterBoxmining.comFind Brad Mills:Brad Mills TwitterMagic Internet Money TwitterMagic Internet Money FacebookMagic Internet Money Instagram