Axe protocol is a protocol for creating digital loot boxes, which allows users to put in digital items and add value to it. The podcast discusses the importance of adding value to digital art with Axe Protocol co-creator.
The ease of making an NFT store could be the biggest opportunity in NFTs, allowing more people to participate. Currently, only around 5000 users are creating NFT stores, leaving room for growth and innovation.
NFT Labs created the Axe and PAX protocols for creating digital item loot boxes that can include images, sound clips, tickets, or private communities, while NBA Top Shot is one of the biggest digital products to gain mass market interest since Pokemon Go.
The podcast guest reflects on the value of working on projects they're excited about and the importance of art. The guest also mentions meeting someone who was responsible for Google's infrastructure and their involvement in income share agreements for startups.