1/ The future of the browser 🧵
Right now, Web 3 wallets like MetaMask plug into DeFi applications.
In the future, they’ll plug in to every website in the world.
Right now, Web 3 wallets like MetaMask plug into DeFi applications.
In the future, they’ll plug in to every website in the world.
2/ Websites are broken.
Your personal data—credit cards, address, birthday, email, passwords, and more—is stored on hundreds of private databases.
This creates a honeypot for hackers.
According to @haveibeenpwned, my credit card and address have been stolen 10+ times.
Your personal data—credit cards, address, birthday, email, passwords, and more—is stored on hundreds of private databases.
This creates a honeypot for hackers.
According to @haveibeenpwned, my credit card and address have been stolen 10+ times.
3/ Soon you'll use a stablecoin like USDC through a Web 3 wallet like MetaMask to make e-commerce purchases.
This is far more efficient and secure than creating new accounts on every website, but ultimately it’s boring.
NFTs will make it interesting...
This is far more efficient and secure than creating new accounts on every website, but ultimately it’s boring.
NFTs will make it interesting...
4/ Let's use Nike as an example for this.
Instead of creating an account on Nike, you'll just sync with your crypto wallet.
When you buy a new pair of Nikes, Nike will send you the physical shoe AND they’ll drop an NFT of the shoe into your wallet.
Instead of creating an account on Nike, you'll just sync with your crypto wallet.
When you buy a new pair of Nikes, Nike will send you the physical shoe AND they’ll drop an NFT of the shoe into your wallet.
5/ And that’s where it gets interesting.
In a metaverse driven world, we will all have two closets: your physical closet and your digital closet.
You’ll be able to port your Nike NFT into your metaverse game so you can actually wear them (and show them off).
In a metaverse driven world, we will all have two closets: your physical closet and your digital closet.
You’ll be able to port your Nike NFT into your metaverse game so you can actually wear them (and show them off).
6/ Sounds crazy, right?
It’s not.
Nike is already hiring metaverse designers and patenting virtual goods.
blockworks.co
It’s not.
Nike is already hiring metaverse designers and patenting virtual goods.
blockworks.co
7/ Another benefit of this is that these NFTs will turn your physical goods into more efficient financial assets.
Right now, if you have $10,000 worth of collectibles, it’s very tough to turn them into productive assets.
You’d have to sell them to make money.
Right now, if you have $10,000 worth of collectibles, it’s very tough to turn them into productive assets.
You’d have to sell them to make money.
8/ But when you own the NFT of those collectibles, you'll be able to take loans out against those collectibles.
Again, sounds crazy.
But look at what @OnRallyRd has done turning physical assets into digital assets.
Again, sounds crazy.
But look at what @OnRallyRd has done turning physical assets into digital assets.
9/ Why will Nike do this?
a) More revenue (5-10% of every secondary sale)
b) Furthers Nike culture
c) Verifiable supply of sneakers makes them more valuable
d) Custom events for Nike NFT holders
e) Nike wants to own the digital closet
a) More revenue (5-10% of every secondary sale)
b) Furthers Nike culture
c) Verifiable supply of sneakers makes them more valuable
d) Custom events for Nike NFT holders
e) Nike wants to own the digital closet
10/ Web 3 driven browsers is a win-win-win.
For consumers, it’s more efficient and secure.
For brands, it drives more revenue and brand loyalty.
For crypto, crypto driven e-commerce will give hundreds of millions of non-crypto users their first NFTs.
For consumers, it’s more efficient and secure.
For brands, it drives more revenue and brand loyalty.
For crypto, crypto driven e-commerce will give hundreds of millions of non-crypto users their first NFTs.
11/ If you enjoyed this, follow @JasonYanowitz to read more threads.
You’ll also probably like my thread on why CryptoPunks will eventually trade for $10 million 👇
You’ll also probably like my thread on why CryptoPunks will eventually trade for $10 million 👇
12/ The battle for your digital closet heats up as Adidas enters the metaverse.
13/ A virtual Gucci bag just sold for more money than the physical bag.
And it makes sense...
10,000+ people will see your physical bag.
1,000,000+ people will see your digital bag.
Digital closet sales will be massive in next 10 years.
hypebeast.com
And it makes sense...
10,000+ people will see your physical bag.
1,000,000+ people will see your digital bag.
Digital closet sales will be massive in next 10 years.
hypebeast.com
14/ This is happening fast.
Nike makes a big push into the metaverse and NFTs with their acquisition of @RTFKTstudios
Nike makes a big push into the metaverse and NFTs with their acquisition of @RTFKTstudios
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