Is it possible to sell ideas as NFTs? Here's the thread of random thoughts and questions.
There is a popular paradox of ideas. Some say they are worthless. Others argue that any idea can be used without you. Both are right.
Ideas are more valuable than people. There are far fewer good ideas than smart people, but elites devalue ideas and praise execution because it requires money. People should think that ideas cost zero and share them freely. Creators should come to those with the resources.
Patents are packed ideas. Viral marketing and growth hacking ideas are worth much. Memes, stories, and philosophy are cultural ideas and opportunities that can become assets. NFTs create a new kind of space for this type of assets to be monetized, become IP or media.
Someone has a lot of ideas, some don't. I have a lot of. In some, I see the potential to make up to seven figures fast. In others, I see that it can gradually turn into a large business. Some ideas are just beautiful or useful. Am I doing them? No. I just write them down.
Sometimes I sell ideas in various forms. There are many ways to do it if you pack them into an information product. And there will be many more. It starts to become much more interesting with crypto, let's see how.
What if Linus Torvalds had DAO and tokens while was developing the core of Linux? If everyone's contribution was tokenized. I believe that he and the first wave of developers would become millionaires then.
Crypto is open-source. It's all about cloning successful ideas. Olympus DAO has more than 50 forks at the moment. Meme-making is about creating derivatives. Everything is a remix and based on previous ideas. Most of them are free.
What is AI? It often happens that this is a legal form of stealing and selling the ideas of others. Sometimes code-bases, articles, dialogues, and other texts and things are prepared for feeding neural networks and selling as AI services without caring about creators.
IBM is already turning patents into NFTs. What if all ideas become non-fungible and we see sources of everything we build on? What if all such data are NFT assets on blockchain that are being tracked and attract royalties? Is it possible? Is it happening now? Thoughts?
There is a popular paradox of ideas. Some say they are worthless. Others argue that any idea can be used without you. Both are right.
Ideas are more valuable than people. There are far fewer good ideas than smart people, but elites devalue ideas and praise execution because it requires money. People should think that ideas cost zero and share them freely. Creators should come to those with the resources.
Patents are packed ideas. Viral marketing and growth hacking ideas are worth much. Memes, stories, and philosophy are cultural ideas and opportunities that can become assets. NFTs create a new kind of space for this type of assets to be monetized, become IP or media.
Someone has a lot of ideas, some don't. I have a lot of. In some, I see the potential to make up to seven figures fast. In others, I see that it can gradually turn into a large business. Some ideas are just beautiful or useful. Am I doing them? No. I just write them down.
Sometimes I sell ideas in various forms. There are many ways to do it if you pack them into an information product. And there will be many more. It starts to become much more interesting with crypto, let's see how.
What if Linus Torvalds had DAO and tokens while was developing the core of Linux? If everyone's contribution was tokenized. I believe that he and the first wave of developers would become millionaires then.
Crypto is open-source. It's all about cloning successful ideas. Olympus DAO has more than 50 forks at the moment. Meme-making is about creating derivatives. Everything is a remix and based on previous ideas. Most of them are free.
What is AI? It often happens that this is a legal form of stealing and selling the ideas of others. Sometimes code-bases, articles, dialogues, and other texts and things are prepared for feeding neural networks and selling as AI services without caring about creators.
IBM is already turning patents into NFTs. What if all ideas become non-fungible and we see sources of everything we build on? What if all such data are NFT assets on blockchain that are being tracked and attract royalties? Is it possible? Is it happening now? Thoughts?