![]() If you think about CryptoKitties, technically you could build the CryptoKitties application in isolation without a blockchain. And then the deeper you go down the rabbit hole, you realize that what’s magical about these NFTs is not just - it’s not just sort of them in isolation, right? The fact that these things were selling for hundreds of thousands of dollars certainly raised some eyebrows. Maybe if I already knew that I wouldn’t have thought that CryptoKitties was as cool as it was, but I just thought a digital cat breeding game was fun and interesting. I hadn’t realized how cool online games had gotten. I hadn’t been really that involved in the gaming ecosystem. And part of it was a bit of naiveness on my part. We knew we wanted to do something in crypto, and we were just looking around to see what was the most exciting thing to work on. ![]() Yeah, I think at the time my co-founder Alex and I, we were really looking for just fun projects. So what was it about NFTs that made you think that they would eventually become mainstream and become a really popular use case? And what was curious to me about that was that at the time of CryptoKitties most use cases for crypto were financial. But, I was interested in sort of what was called I think at the time the tech thesis around crypto, which was how does this actually influence kind of the underpinnings of the internet in a much broader way than just transforming finance? So that was really what excited me about the technology.Īnd I’ve heard you say before that, so as far as I understand, you entered YC with a different crypto idea and then CryptoKitties came along and and was kind of how you came upon this path of founding OpenSea. Most of the applications at that time were around capital formation in the form of ICO’s or financial products and exchanges. In particular, I was very excited about crypto going beyond just financial technology. I started reading all the white papers, going all the meetups at the time you could go to in-person meet ups, which was a lot of fun, and just got really excited about the long-term vision of crypto. But that’s when I really fell down the crypto rabbit hole and probably a pretty traditional path as a lot of people in Silicon Valley at the time. Although sometimes people nowadays… 2017, might be considered early. I followed Bitcoin peripherally before that, but I suppose I was a little bit of a late adopter. Why don’t you tell us the story of how you got into crypto and came to found OpenSea? I’m a big fan of the podcast, so it’s really an honor to be here. Today’s guest is Devin Finzer, co-founder and CEO of OpenSea. Kyber’s Dynamic Market Maker, DMM, is the first DeFi protocol designed to adapt to market conditions to optimise fees, maximise returns, and enable extremely high capital efficiency for liquidity providers The App lets you buy, earn and spend crypto, all in one place! Earn up to 8.5% interest on your Bitcoin and 14% interest on your stablecoins – paid weekly! Download the App and get $25 with the code “LAURA” – link is in the description. Ernst and Young is committed to supporting integration of the world’s business ecosystems on the public Ethereum blockchain. Today’s episode is sponsored by EY Blockchain. Follow Unchained on Twitter where you can find all sorts of content ranging from my weekly newsletter to updates on my upcoming book and a whole lot more. I started covering crypto five years ago and, as a senior editor at Forbes, was the first mainstream media reporter to cover cryptocurrency full-time. I’m your host, Laura Shin, a journalist with over two decades of experience. Welcome to Unchained, your no hype resource for all things crypto. scaling solution w/ Immutable X (Mar 31).Kyber Network: Dmm.exchange Episode Links How is OpenSea handling the environmental concerns surrounding NFTs?.What issues in the NFT world still need to be resolved?.What can be done about content being minted on OpenSea without an artist’s permission?.How do royalties work on OpenSea? Why are they hard to enforce?.How is OpenSea planning on integrating with layer 2 solutions on Ethereum and other blockchains?.How will OpenSea maintain its competitive advantage in the open-source blockchain ecosystem?.What are people purchasing when they buy an NFT?.How is the NFT ecosystem going to evolve over the next few years?.Who is creating NFTs? Who is purchasing NFTs?.What is an NFT? Why have NFTs become so popular recently?.Why did he become so interested in NFTs ?.Check out the whole show to hear Devin answer the following questions: Devin Finzer, co-founder and CEO of NFT marketplace OpenSea, talks all things non-fungible.
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