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How to be a Decentraland Millionaire, Differences in ERC Contracts, and NBA Tokenized Contract



Published on
January 15, 2020
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Show Notes:

  1. First up, we discuss the NFT bible that was published on Open Sea
  2. Next, we dive in deeper into the differences between all the ERC token standards for NFTs
  3. Then, an NBA player tokenizes his NBA contract and launches his token.
  4. And finally, we look for your thoughts on our own NFT in Decentraland.

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Music by OfDream - Thelema

We've been discussing Non Fungible Tokens lately in our search to predict the next asset class to be the next speculative craze. NFT's in short seem to be slowly growing over time in volume. We look into the assets on Opensea to discuss the viability of these assets, why they become valuable and why they may become the catalyst to mass speculation. We also break down the differences in the current NFT standards for Ethereum for ERC721, ERC1155, and ERC998. Each created for a specific purpose to satisfy a particular game mechanic or style. NBA player, Spender Dinwiddie tokenized his NBA contract to receive funds up and pay his investors a 5% bonus on their investment. We discuss how this might be a common occurrence in the future. Finally, we discuss an idea we've been tossing around that could help bring a larger audience to Decentraland and at the same time create a valuable resource to the NFT economy.