BEFORE YOU PRESS PLAY
What is discussed
AskMonty AI editorial noteSource consulted:
In this episode listed in the 2022 catalogue, Montemagno argues for looking beyond collectible images when assessing NFTs. Recalling technologies he previously underestimated, he proposes viewing them as tools connecting verifiable ownership, access and community relationships. His example is a gym membership that could be transferred to someone else, with a value that might rise, fall or disappear. He acknowledges speculation, scams and tax and regulatory questions while favouring experimentation. He also discloses his own commercial interest by announcing a personal NFT project. This entry summarises his position at the time: its examples, figures and expectations are not a current market assessment or a guarantee of the rights associated with an NFT.
Key points
- Experiences with the App Store and search engines illustrate the difficulty of predicting new uses.
- A transferable gym membership makes the proposed model concrete, including the possibility of losing value.
- The speaker acknowledges speculative bubbles and regulatory problems while supporting experimentation.
- Announcing his own NFT project makes his commercial involvement explicit.
