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150. The NFT Utility Conundrum That ALL Projects Will Face!

150. The NFT Utility Conundrum That ALL Projects Will Face!

FromNFT 365 Podcast with Fanzo


150. The NFT Utility Conundrum That ALL Projects Will Face!

FromNFT 365 Podcast with Fanzo

ratings:
Length:
31 minutes
Released:
Apr 10, 2022
Format:
Podcast episode

Description

I've discussed the problems around utility in many of the past episodes in regards to what I believe projects can deliver vs which utility is just wishful thinking.   Interestingly enough the NFT projects that deliver on both projected and actual utility still have a massive problem.   The problem ties into the fact that most projects don't have a business plan and the web 3.0 world of digital ownership eliminates things like "2-year contracts" or "Grandfather pricing" which leads to a massive problem.... If you have too many unique holders there isn't enough volume of trades and secondary compensation to maintain the project... If there are too few unique holders the project can be influenced or tanked by one or two bad actors or soiled relationships.  If you people are holding an NFT because of the utility and that utility is delivered what is the incentive for them holding? If most of the utility of a project has already been delivered then what is the motivation for new people to jump into the project. I believe this fall we will see many projects reach their 1 year anniversary and start to realize they have no true plan for empowering superfans and/or welcoming in new fans in a way that they never feel like they are the outsiders while also not alienating those who've been loyal to a project since the start...  What are your thoughts on this?  How do you think NFT projects can solve for this?  I use Veefriends as an example but even Veefriends only gives 3 years of access to Veecon...  After year three what utility will GaryVee add to keep people around...  I doubt it will be just a 4th Veecon.... Tool mentioned on the podcast: Icy.Tools
Released:
Apr 10, 2022
Format:
Podcast episode

Titles in the series (100)

The first daily NFT podcast that's also buying an NFT every day for 365 days: NFTs 365 is hosted by Brian Fanzo aka @iSocialFanz Brian Fanzo is a Digital Futurist, Keynote Speaker and Web 3 Visionary that has worked with brands like IBM, Dell, Samsung, Twitter, SAP, Adobe, Oracle, UFC, AWS and MGM just to name a few! The first DAILY NFT Podcast powered by $ADHD coin on Rally.IO and includes short educational episodes, breaking news, emerging Web 3.0, metaverse, creator coins and cryptocurrency trends and exclusive interviews. When it comes to learning technology, Understanding Non Fungible Tokens as Newbies or Geeks. Brand adoption of web 3.0, blockchain, the metaverse, digital transformation, future of work, cryptocurrency, creator coins within the creator economy and technology innovation this is the podcast for you. If you are struggling to understand NFTs or don't know where to start with NFTs or maybe looking for NFTs for newbies this is the podcast for you. The focus is on helping you embrace change, be educated on where the future is going, motivated by what's possible at a high level while being inspired to be curious, fail forward and try something new. The future of business is a community and the future of marketing is relatability and in this web 3.0 digital-first world leading us to the metaverse, this podcast will help you see the future and plan today to make it happen. This is for managers of technology, marketers, sales, coaches, network marketers, and you traditional investors looking to embrace innovative technology this is the palce. Things like smart contracts, IP rights, metaverse, blockchains like ethereum, bitcoin, solana, cardona and also Palm, Rally.IO and more. Interviews are using Clubhouse, Twitter Spaces, Facebook LIve, Instagram Live and Linkedin Audio. There will be founders of projects, collectors of art both traditional art and visual art, creators looking to find developers to managers and executives looking to understand who they need to hire in the web 3.0 digital world. It doesn’t matter if you’re a gamer already playing in the metaverse or parent looking to understand the trends your kids are entering in with NFTs, cryptocurrencies, block chain and social tokens we will cover it all with this daily form. Brian is an international keynote speaker and has hosted 7 podcast that have included Adobe, Oracle, Dell, Ibm, UFC, Applebees and work brands like Vayner Media, Be The Change Studios, MGM Grand and more. We will be talk about removing the starving from starving artists while also covering the importance of storytelling in the Web 3.0 world and what digital artists must to thrive in this space. If you are looking for how to make money in 2022 and do what you love while loving what you do this is the podcast for you. This is the best NFT podcast in the Top 25 in all podcasting apps with evergreen content that also covers the trends of today and the future innovation of tomorrow. NFT365 is focused on translating the geek-speak around the creator economy, web3, blockchain, cryptocurrency and the metaverse with the goal of helping the audience HEAR the harmony between technology and humanity empowering us to re-imagine the digital future together.