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Published on: January 13 2023 by pipiads

How NFTs Will Disrupt The Hotel Industry

NFTs or Non-Fungible Tokens are digital assets that allow consumers to own any digital asset and give ownership to consumers in almost any industry. In this article, we will discuss how NFTs will disrupt the hotel industry and what opportunities they provide for the consumers.

Perspective Shifts:

- NFTs will disrupt a lot of industries and will be around for a long time to come.

- NFTs will make things more fair for the everyday consumer.

- Surviving in the NFT space is by far the most important thing you can do in the next 10 years.

NFTs in the Hotel Industry:

Hotels are now looking at blockchain technology to resolve the issue of last-minute cancellations and rebookings, disrupting the security of their cash flows. They seek to leverage a new concept called Room Night Tokens (RNTs) which essentially sees room bookings manifest themselves as NFTs. With RNTs, there will be guaranteed revenue upon a room booking being made as it would be the customer's responsibility to transfer, swap, or sell their room night token that they no longer wish to attend. This is similar to what we see for music or sports enthusiasts when they go to StubHub to sell unwanted event tickets.

Benefits for Consumers:

- Allows consumers to reserve hotel rooms for specific trips or weekends.

- Offers the opportunity to make money by reserving hotel rooms for popular events.

- Puts the value of hotel rooms at the market's disposal, which is much better than centralized companies choosing prices or price gouging consumers.

NFTs are disrupting the hotel industry by providing a new concept of room night tokens, which guarantees revenue and eliminates the risk of last-minute cancellations and rebookings. This concept offers benefits to consumers by allowing them to reserve hotel rooms for specific events and make money by reserving rooms for popular events. It puts the value of hotel rooms at the market's disposal, providing more fairness to consumers. It's essential to stay interested in the NFT space as it's the newest emerging industry and will be one of the biggest fundamental shifts in technology that we've seen since the inception of the internet.

Alex Becker's 2022 Crypto Investing Strategy Revealed

- Alex Becker shares his game plan to make millions in crypto this year by investing in mid and low cap altcoins in the crypto gaming sector at discount prices.

Investing Strategies:

1. Hedging: Alex uses this classic investing strategy to win big regardless of the outcome. He aims to win big one way and win small the other way, but never lose in either scenario.

2. Knowing entry and exit points: Alex uses the 80 principle for taking profits, where he aims to get the majority of profit without perfectly timing the top and bottom. He aims to be content with a decent profit instead of expecting the most profit and ultimately losing most of it due to being greedy.

3. Being adaptive: Alex adapts his investing strategy depending on current market conditions. He is no longer in long term investor mode and has turned his focus to mid and low cap coins in the crypto gaming sector.

Finding Great Investments:

- Alex looks for coins in the absolute dumpster that have gotten the biggest losses but still have a strong narrative. He looks at ecosystems where the narrative is strong and focuses on gaming coins, studios, launch pads, and platforms.

Game Plan:

- Alex is selling his Bitcoin and Ethereum positions and taking all the profits to buy medium and low cap coins in the crypto gaming sector. He is only risking the profits he's already made in the past couple of months from his large cap crypto investments and isn't using any new capital to invest in the higher risk crypto gaming tokens.

- Alex's investing strategies and game plan provide a genius approach to making millions in the crypto market. His focus on mid and low cap coins in the crypto gaming sector at discount prices is a smart move, and his hedging strategy ensures that he wins big regardless of the outcome. By being adaptive and knowing his entry and exit points, Alex is setting himself up for success in the volatile crypto market.

How Businesses Can Compete With Amazon, Ethereum Sign-in + Messi Football Analytics // Ep 19

In this episode of Not Investment Advice, Jack Butcher from Visualize Value and Trunk Fan Meme Master Flex discuss Amazon's move into the physical retail business. They mention Amazon's previous acquisitions, such as Whole Foods and their automated checkout stores, and speculate that Amazon's new department stores will showcase their own brands as well as others. They reference Benedict Evans' article, Amazon is a Boring Retailer, which argues that Amazon's white label business is not new and that every major retailer has a similar business. The hosts debate the ethics of Amazon's marketplace, where anyone can sell, and how Amazon's ad business is larger than Twitter, Pinterest, and Snap combined. They also discuss the government's scrutiny of tech companies and how Amazon's move into physical retail is just the new paradigm. The episode ends with a brief discussion of Trunk Fan Meme Master Flex's new caffeine delivery mechanism.

Demystifying Non-Fungible Tokens with Zeneca_33 (How to Launch Your 1st NFT)

In this article, we will discuss an interview with Zenica 33, also known as Roy, about his background and how he got into NFTs. We will also demystify NFTs and get rid of some misconceptions that people have about them.

Background:

Roy was a professional poker player for 15 years before he got into NFTs and crypto. He had dabbled in crypto in 2016-2017 but lost interest during the bear market. However, he got back into the space when prices started going up again and he discovered NFTs through friends. Initially skeptical, he did some research and was amazed by the possibilities of digital ownership.

Aha Moment:

Roy's aha moment came when he read an article by Patty McCormick titled Power to the People about the creator economy and the potential use cases for NFTs beyond just art. He realized that NFTs could be integrated with gaming assets, giving gamers ownership over their digital assets and the ability to resell them.

Explaining NFTs to Newcomers:

Roy advises newcomers to be skeptical at first but not to dismiss NFTs outright. He suggests looking beyond the negative connotation of NFTs being just jpegs and realizing that they can represent ownership over a wide variety of digital assets, including gaming assets. He also recommends taking the time to research and understand the underlying technology and potential use cases for NFTs.

NFTs represent a major shift in the way we think about ownership of digital assets. While skepticism is warranted, it is important to look beyond the negative connotation of NFTs being just jpegs and realize their potential for digital ownership and reselling. By doing research and understanding the underlying technology, newcomers can become more educated and involved in the world of NFTs.

NFT Startup Magic Eden's $1.6B Valuation

How NFTs Will Evolve in This Crypto Winter

NFT NYC recently took place, and the impact of the crypto market has been a topic of discussion. Despite the broader downturn, the NFT marketplace has continued to grow rapidly, with around 90% market share on Solana. Magic Eden is one such marketplace that has seen significant growth, and they believe in a long-term time horizon.

Differentiation:

Magic Eden considers itself a community-centric and deeply creative-focused marketplace, offering end-to-end creative tools and services, and partnering with collections throughout the entire journey. They focus on being there for communities throughout the discovery journey, rather than just a point of sale.

Trade-offs:

While the NFT market is experiencing growing pains, Magic Eden has faith in the long-term potential. Transactions are cheaper, which allows for more creatives and end-users to participate. As they continue to expand the team and grow their line of products, they are excited about the future.

Pricing:

NFT pricing can vary widely, with some assets selling for millions while others trade for less. Magic Eden believes that ultimately, what matters is the trajectory of growth. NFTs have the potential to permeate various types of assets, and there is still room for growth.

Criticism:

Ill Gates' remarks about the NFT market being based on the greater fool theory and not improving the world are missing the point, according to Magic Eden. They believe that NFTs offer a new type of ownership and utility, with potential for gaming and other social activities.

Fundraising Environment:

Despite the current market conditions, Magic Eden has seen a tenfold valuation since March, which they attribute to having a high-quality team, clarity of vision, and strong execution. They still see appetite and interest from both existing and new investors, although the dating time with teams and investors may be longer.

Future Outlook:

Magic Eden is optimistic about the future of NFTs, which they see permeating many types of assets, such as gaming and music. Profile pictures may be just the beginning, and they hope that this spurs further growth in the market.

The Founders' List: The Great Online Game by Packy McCormick

The Great Online Game: Understanding the Metagame of the Internet

- The internet is a vast and interconnected game played by billions of people.

- Social media is just one manifestation of this metagame.

- The Great Online Game is a free-to-play game with real-world consequences.

Meet the Players:

- Anyone can play the Great Online Game.

- Financial and social capital are no longer tied to traditional factors.

- The game has different physics and wormholes to jump through.

How Crypto Supercharges the Game:

- Crypto has the potential to bake game mechanics right into the whole internet.

- Crypto generates better returns and has more rabbit holes to explore.

- Crypto is the in-game currency for the whole internet.

How to Play the Game:

- The Great Online Game is exponential, not linear.

- Every tweet is a free lottery ticket.

- The game is all about realizing you are playing a game.

What is a Video Game?

- Working remotely from a computer perfectly fits the definition of a video game.

- The best games bring you into a flow state and have frequent feedback loops, variable outcomes, a sense of control, and a connection to a metagame.

The Great Online Game:

- The internet is incredible and has the power to change lives.

- Getting good at the Great Online Game makes seemingly absurd things happen.

- The game is an infinite video game that plays out constantly across the internet.

- The Great Online Game is free to play and has real-world consequences.

- Crypto has the potential to supercharge the game.

- The game is all about realizing you are playing a game and playing it well.

Sunday VC School: how investors work together + Prime Movers Lab's Ramez Naam | E1367

In this week's episode of the Sunday VC School, Molly and Jason discuss various aspects of the VC world. They cover topics such as lead investors, competitive deal flow, and collaboration between VCs. Additionally, they also have a conversation with Ramez Nam, a climate investor and futurist, about the importance of imagining climate solutions and businesses.

Milestone-Based Funding System:

The VC industry operates on a milestone-based funding system. This system allows VCs to filter founders and ideas based on their ability to execute and reach various milestones. Founders start with an idea, bootstrap it, and then seek funding from accelerators, seed funds, and angels. Each milestone reached decreases the chances of failure, allowing for more collaboration between VCs.

Collaboration and Tension:

Collaboration is an intrinsic part of the VC system, as VCs often look for other funds to validate the next round of funding. However, tension can occur when some funds want to hit a certain ownership percentage. This tension is often resolved through collaboration, especially in the early stages of a startup's development. As the startup progresses, the tension may increase, and concentration becomes a better betting strategy.

In conclusion, collaboration between VCs is essential for the VC industry to function efficiently. The milestone-based funding system allows for collaboration and filtering of ideas, while tension can be resolved through collaboration. Understanding the various stages of a startup's development and their impact on collaboration is vital for success in the VC world.

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