Best selling book author, Anndy Lian gave his speech titled “Think Bigger In the next NFT Summer” at NFT.NYC 2023. NFT NYC is a yearly event dedicated to NFTs and blockchain technology, which has quickly become a major focus of the art and collectibles world. This immersive conference and festival attracts a wide variety of participants, including industry leaders, artists, collectors, and enthusiasts, who come together to explore the possibilities of NFTs. Attendees can learn about the latest trends, technologies, and best practices related to NFTs.
The concept of NFTs (Non-Fungible Tokens) has been in existence for some time now. However, while it has gained considerable popularity, it has also raised concerns amongst some people. Many individuals have developed a negative perception of NFTs due to the hype surrounding them. There have also been instances of NFT wash trades, which are used to inflate NFT prices artificially. Additionally, some NFTs have no practical use, and some are regarded as securities, which is a regulatory issue.
Despite this, the NFT craze is far from over, and it could be just the beginning of a new era. Big names like Gucci, Porsche, Starbucks, Amazon, and Red Bull Racing have started investing in NFTs, which suggests that the market is gaining traction and legitimacy. This year could be the last NFT summer where people only see NFTs as a speculative asset.
In 1999, Bill Gates predicted that everything would be on the internet. Jack Ma did the same in China, but people thought it was impossible. Now, we are living in a world where the internet is an integral part of our daily lives. If we continue to use our current mindset to envision the future, we risk being left behind, just like those who laughed at the internet in its early days.
We need to broaden our minds and start thinking beyond the current limitations of NFTs. NFTs can be used for anything, from digital art and music to virtual real estate and gaming items. The possibilities are endless, and the new assets are in the digital world. Crypto natives need to think bigger and explore the true potential of NFTs.
Although we currently view NFTs as speculative, we must start using them in the future we create. Big brands have recognized this and are willing to invest in the technology. It is time for us to move past the current hype and start creating and exploring the digital world that awaits us.
The full video of this speech can be obtained at https://youtu.be/cLAP1htYwD4.