Post by @stani • Hey
Do you think NFTs have PMF?
Comments
- I think they have as much or as little pmf as email.
Build any one email client and no one cares.
Build Gmail and reach billions through in house distribution = pmf
Protocols don’t have pmf, only apps do.
Protocols are inherently only products for devs. And judging by the number of nfts deployed over the last three years they have pretty solid pmf with devs.
- NFTs have a use case. I don’t know if it’s super easy to plug it in yet. But they need to figure it out so I don’t have to pay fees when I buy tickets to a basketball game.
But there is an obvious niche for them but NFTs have yet filled that whole.
- In Web3 Games, Yes!!
Can service as entry point to a game.
Games like Walk-to-Earn, Step-to-Earn
Examples are abound in different chains
- SOME types of NFTs do indeed have that illusive, golden, magically amazing PMF:
➡️ Music NFTs will surely revolutionize the industry, it might already be on the way.
➡️ Stuff that passes as actual collectibles (unique enough and hart to dilute).
➡️ Token gating solutions.
➡️ Monetization / fundraising / supporting / revenue sharing tools.
Obviously, any other cases of actual utility will do. What did I miss?
- I would say there is a hype but not sure the NFTs have found their product market fit yet, especially the utility NFTs. There is a strong interest from corporates but they are still hesitant to deploy their old business model with NFT. The best example is for gaming. It's easy to understand the value but how many games deployed it in-app ? So my answer is NO !!
- Depends on what NFTs represent, if they just represent some cartoon pic, then no. But if they represent something physical for example a real house or a piece of physical land, then you could transfer ownership of the physical asset with an onchain transaction, then that's a different story.
- What's PMF?
- some will be fidelity some will need advantage some is for art and history … some to show off some for rwa… but say nft is dead except rwa its totally misunderstanding the sheeps
- If you are unknown and you make an extraordinary collection with art it wont be enough… bayc was average in art but they become mythic as one of the first biggest trending collections for nft… and sure we think we find them very artistic then
- its a blend but purely art collection can be legit if its official of company that brought something in life
- wonder why voting doesnt show on chain.
- You pay older apple computer and you dont do anything with it