Chapter
The Value of Bitcoin vs NFTs
42:17 - 46:06 (03:49)
The host discusses the financial value of Bitcoin compared to NFTs, stating that NFTs are nowhere near as valuable as Bitcoin given the infinite sharing and sending capabilities.
Clips
The current limitation of NFT displays is that they can only display one item at a time.
42:17 - 43:17 (01:00)
Summary
The current limitation of NFT displays is that they can only display one item at a time. However, there is an opportunity for someone to create a rotating frame to display multiple items. In the meantime, some artists may include physical tokens with their digital art for display purposes.
ChapterThe Value of Bitcoin vs NFTs
Episode#155 - NFTs Explained: How Digital Art Is Being Sold For Millions and What the Opportunities Are
PodcastMy First Million
In terms of market value, Bitcoin holds significantly more worth than NFTs, which are not as valuable as collectibles such as trading cards.
43:18 - 46:06 (02:48)
Summary
In terms of market value, Bitcoin holds significantly more worth than NFTs, which are not as valuable as collectibles such as trading cards. While Bitcoin represents trillions of dollars in the financial system, the collectibles market might be worth between 5 and 20 billion dollars a year, indicating that NFTs are not as valuable as Bitcoin.