While there's not too many details available yet the fact that eBay, one of the largest marketplaces in the world, will be offering NFTs is a big deal for the creator economy.

With the assumption that the future world is going to be heavily digital, I believe NFTs are here to stay - though they may not look the same in 10 years as they do now.

Currently, I have the opinion that a majority of NFTs will be "worthless" in a decade. Too many people are treating it as a cash grab rather than what they can actually be used for.

But Gary Vaynerchuk's project, VeeFriends, is how I initially thought, and expect, the NFT-world to look like in the future.

I also believe the NFTs that don't have access features can still have value, just like standard art.

If someone viewed an NFT as art or a moment in history rather than a way to make money, it would have value to the buyer, no matter the future resale price.

Which is where I think a lot of the disagreements around NFTs are formed. Yes, there are a lot of people trying to get rich quick and viewing them solely as an investment - but there's also a portion of creators and investors playing the long game and I'm excited to see what the future of digital assets look like.

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Essay #47 - 5.12.21