Season 2 Ep #5: The ABCs of NFTs

  • Season 2 Ep #5: The ABCs of NFTs

    What is an NFT (Non-Fungible Token)? How are they created? Why would you collect digital files that anyone can obtain or view for free? This week on IP Goes Pop! fellow Volpe Koenig Shareholder Joseph Gushue returns to the podcast and joins Michael Snyder to talk about the ABCs of NFTs.

    Michael and Joe break down some of the technical jargon behind NFTs and the basics of the blockchain, as they explore the current trends and future prospects of this technology and how it could impact the pop culture world.

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01:16 Traditional collectibles and the relation to NFTs

04:42 Non-Fungible Tokens (NFTs) introduction

06:51 What is the “Blockchain”?

08:56 Collectability of NFTs

09:55 Collections of NFTs

10:08 Artist Collects and NFTs

            10:30 Larva Labs - Crypto Punks

            10:50 CryptoKitties

11:39 NFTs as assets

14:35 How NFTs affect assigning value to digital assets

16:57 Uses for NFTs

17:25 “Smart” contracts and blockchain

21:59 Intellectual Property Rights in NFTs

24:09 NFTs in Pop Culture

            24:23 NBA Top Shot | Officially Licensed Digital Collectibles

            28:53 How Nike’s Likely NFT Move Could Shake Up the Sneaker Resale Market (Footwear News, Apr 16, 2021)

            35:41 NFTs for Events - sports, “NFL per view”, traceability

Related Podcasts

  • 04.28.2022

    IP Goes POP! takes you out to the ball game (and the blockchain) for this episode of the podcast that looks at the shift from “collectible trading cards” to “collectable NFTs”. Podcast co-hosts, Volpe Koenig Shareholders, and intellectual property lawyers, Michael Snyder and Joseph Gushue round the bases and pull out their most memorable sports cards as they slide home to talk about the intellectual property (IP) of baseball cards, collecting, and non-fungible tokens (NFTs).

    The days of digging through the attic in search of that hidden box of your grandpa's old sports cards may be dwindling, but they are not gone. In some cases, these antique cards remain valuable assets for their owners, who can be thought of as holders of fine art. Some lock their cards away in vaults for safety or display them on their walls, behind glass cases, taken out only under the protection of silk gloves. But, how does the price of a 1959 Mickey Mantle or mint condition Honus Wagner baseball card (approximately 60 in remaining in existence) compare to a modern-day digital version of a trading card, such as the NBA Top Shot NFTs, with clips anyone can view online? Is the future of baseball cards still something you can touch with your hands or will it reside digitally on your phone?  Our panel discusses the basics of what an NFT is and how this blockchain technology is shaping the future of the analog trading card business.

    Never miss an episode! Subscribe on Apple PodcastsSpotifyStitcher and other favorite media player platforms.

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