In this podcast episode, Ned Phillips interviews Dan Schmerin, the co-founder and president of Metaversal, about the world of NFTs (non-fungible tokens) and their implications for the future of finance. They discuss the concept of the metaverse and how younger generations value digital goods differently. Dan shares his background in public service and finance before exploring emerging trends in web3, crypto, and NFTs.
The conversation then focuses on the release of a humorous trailer about Blackberry, discussing the need for innovation and the impact of smartphones. They mention missed opportunities and the potential for the digital activation of cultural treasures. Dan talks about his introduction to NFTs and the vast potential he discovered. Dan explains Metaversal’s approach of investing in iconic NFTs and empowering creators, emphasizing the importance of the experience rather than just technology.
The discussion moves on to NFTs, describing them as digital representations of assets without the need for intermediaries. Dan mentions the reliance on blockchain networks and the decentralized nature of most NFTs. Ownership and control in the digital realm are explored, highlighting how blockchain and smart contracts can enable true ownership of digital assets. The potential of NFTs to revolutionize industries by tokenizing real-world assets is discussed, despite acknowledging instances of misuse. Dan believes NFTs will become a major asset class in the next decade, attracting interest from traditional investors and companies.