The use of NFTs in Hollywood is growing, but the industry still has a long way to go before it can be considered truly innovative. There are also many opportunities for new games and other projects to make waves within blockchains that haven’t received much attention yet. Let’s take a look at what could happen with this dynamic duo
I’m Kevin, and I’m here to say hello to everyone. This week, instead of the typical stats and data, I have something a bit different to share with you.
If you’re curious about NFT LA, I’ve got all the juicy facts right here. Let’s get started!
It got off to a shaky and tumultuous start.
Thousands of NFT LA guests gathered in the main conference hall at 10:00 a.m. on March 29th, 2022, to await the start of the conference. They were half an hour late and apparently perplexed since the event was scheduled to begin at 9:30 a.m.
I struck up a chat with my seatmate and discovered that the first speaker would be Jeff Zirlin (aka The Jiho), Co-Founder of Axie Infinity, one of the most popular play-to-earn games in the NFT industry.
Axie Infinity has just undergone what might be the greatest DeFi theft in history, with $600 million worth of ETH and $USDC taken from the Ronin network only hours before that speech.
The Ronin Networked had just tweeted on Twitter about the breach at 8:30 a.m. on that day, and here we were an hour and a half later, waiting for the co-founder to speak. It was definitely a weird experience, and I would have perfectly understood if The Jiho hadn’t spoken at all that day. He had much more important things to do than entertain a slew of degens at an NFT meeting.
The Jiho did talk, and it was clearly a tough task.
I have to give him credit here; I’m sure it was tough for him to step onto that platform, and the crowd gasped as he revealed what had transpired. He was clearly upset about what had just occurred to him and the firm, and $600 million is a huge sum of money, almost incomprehensible if it were in stacks of twenties.
He was obviously out of his element, and the remainder of his fireside conversation with Shelly Palmer was uneventful. I understand it; his mind was a million miles away from that talk, as was mine, and I was using my phone to discover more about how the breach had occurred.
NFTs are getting a Hollywood makeover.
Or maybe NFTs are on their way to Hollywood; I’m not sure who is bringing whom or where they’re going. Mark Cuban came onstage, followed by Charlie Sheen (of Two and a Half Men) and Kevin Connolly, indicating that Hollywood was in attendance (Entourage). They presented a new television program that sells subscriptions as NFTs in the hopes of using NFTs to pay part or all of the show’s production.
The most intriguing thing I discovered here is that everyone wants to “disrupt the system.” In conventional finance, this refers to the banks, middlemen, and intermediaries, as well as everything else that got us interested in cryptocurrencies in the first place.
The film studio, showrunners, investors, and others are among the structures to be broken in Hollywood. Charlie Sheen is a humorous man, whether you like him or not.
With my Stone-Age Technology, I have no idea what’s going on; all I know is that I’m glad to be back at the party — Charlie Sheen is a well-known actor.
It’s great to be back at the celebration.
I hear you, Charlie, and I’m glad to come back as well, but for different reasons. “How to Execute Amazing NFT Projects,” featuring presenters from the industry’s creative and technical service providers, was predictably one of the most popular sessions.
Many people exited the room to hear the following speaker, who spoke on “NFTs and Property Rights.” That makes logic as well, but I found it intriguing. Many individuals departing for what some may consider “boring details” is perhaps symptomatic of where we are as an industry right now. The allure of making a fast cash is tempting, but the facts are a disaster.
A special mention is given to the wide range of people that attended.
While the NFT sector could certainly be more varied and inclusive, I’ve been visiting technology conferences for over 20 years and this was the most diverse gathering of individuals I’ve ever seen at a conference.
The “Dapper Labs Presents: Women in Web 3” panel, led by Ros Gold-Onwude and including Stephanie Smellie, Ridhima Khan, Jayne Peressini, and Nicole Rochette, was one of my favorites. I think it was nice of Dapper Labs to honor the diversity of their own staff. These ladies each presented excellent ideas and unique views to the stage.
NFT LA’s Key Takeaways
- Whatever you do, try to leave a lasting impression. A tiny percentage of those in attendance were attempting to boost their personal collections. Maybe some of them may succeed, but I don’t believe that this sector will be dominated by countless collections of different quality in the future. Maybe I’m mistaken, but I don’t think so.
- The shift that is taking place is swift and deep, and no one knows where it will all go. We all have our own ideas, and individuals are attempting to implement Web3 and NFTs in a variety of industries and for a variety of reasons. Discover anything you’re passionate about and see how it connects to Web3. I bet you’ll be able to find a Web3 angle for almost everything.
- Get out there and do something! It was so much fun just mingling with such a varied variety of folks! My first conference in years, and I came away with a slew of fresh ideas and professional connections. It’s fantastic to talk to people in person, so get out of your Discord and Zoom and go to a local meeting, if nothing else!
In June, I’ll see you at NFT NYC!