Episode 3 - God Debris & NFTs

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scott adams is a very famous and a

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powerful american author

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he is also famous for actually primarily

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famous for the comic strip dilbert i’m

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sure most of us are familiar with

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gilbert and kind of humor dilbert brings

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mostly the office humor

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uh now scott adams wrote a very

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interesting book called the god debris

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it’s an e-book only i don’t think it has

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a

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printed version but uh

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the book has a very powerful message and

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what the proposition is scott here is is

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uh is hypothesizing that uh you know if

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there is a god

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uh

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he is omniscient he is only present god

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was is and will be and he knows

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everything

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but what is that one thing that uh uh

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this god does not know

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i’ll give you a five seconds to think

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about it and i’m sure you’re all smart

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enough to to realize what it might be

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but what he says is uh this god probably

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does not know

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what will be there if this god is not

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there this is one question he has no

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answer who he or she has no answer to

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now uh to find out he was curious so the

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god

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had burst himself

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and uh and

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the the debris that went out from this

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boom are called the god debris now you

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can find analogy of this in in

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in astrology uh of physics wherein we

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know it as the big bang

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what have you but the idea is that when

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the god had burst himself the god debris

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spread across the universe

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and everything that we have in this

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universe all the planets all the

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asteroids everything is even the humans

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everything that you have all the atoms

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are god’s debris

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itself now he also says that the idea of

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good and bad actually comes out of this

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anything that further disintegrates

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these god’s debris

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is bad like war this is that’s further

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disintegrating uh these debris and

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anything that is

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bringing together uh these debris is

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good and that’s where i want to talk

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about that’s what i want to talk about

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in my

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episode of this podcast

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now internet is one of those things that

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brings together all these debris all the

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collective knowledge collective insight

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collective wisdom of the world comes

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together uh with internet and metaverse

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the newest avatar of internet which we

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are all immersed in we will all be

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immersed in uh is it takes it even

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further with metaverse we are bringing

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together

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this inside this wisdom this knowledge

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with all of these newer technologies uh

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and business models in form of

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technologies we know metaverse

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constitutes augmented reality virtual

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reality blockchain

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crypto nfts uh artificial intelligence

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uh and on the business side of things uh

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new and new models are coming up uh you

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would have your you know buying and

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selling happening with uh crypto uh in

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the metaverse people will be living

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their lives all together uh in in the

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new meta verses uh that we have in

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future

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so we are kind of bringing together

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these god debris with the metaverse and

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uh with this i also believe that we are

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living in a very very interesting time

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of humanity all the innovations that

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have been done in the years past

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hundreds and thousands of years uh are

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all kind of bringing things together

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it’s all fructified together when we are

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able to create newer universes create

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newer metaverses

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and also uh why i think it’s a very

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interesting time is that um you know in

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the past you would divide you would

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uh or companies with in into technology

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innovations or business innovations in

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meta versus all of this is happening

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together in terms of uh business

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innovations you would have even newer

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concepts like daos coming up now dao is

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decentralized autonomous organization

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it’s a fairly new concept especially

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pertaining to metaverse and what it

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essentially means is that

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the way we have companies in this

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universe in in this uh uh in this world

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a company is usually

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uh held by a few stakeholders if it’s a

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private limited company a couple of uh

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stakeholders have all the shares of this

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company if it’s a public listed company

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uh there are

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there can be thousands of millions of

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stakeholders of the company however if

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it is a dow everybody who’s involved in

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that ecosystem all the customers etc

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everybody is part of that organization

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there’s no central authority to it now

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this may sound a little strange of a

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concept even to people who’ve done

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businesses earlier even to people who

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formed companies before

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but this is a very new business model uh

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that is coming up and middlewares uh

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would be uh propagating this idea so one

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uh business models like dows are coming

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up and technology innovations like

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augmented reality virtual reality

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immersion uh in meta versus is coming up

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as well and that’s so exciting about

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all the possibilities with it

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now that said in this episode we will

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focus uh on what all is going on in the

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nft uh world in our previous episodes we

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have spoken about augmented reality

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virtual reality and how you know that

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that becomes the fabric of these meta

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verses

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nft on the other hand is bringing in

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these newer digital currencies uh

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digital virtual currencies for these

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metaverses and uh we want to kind of

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find out uh how we can be we can all be

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participants of that ecosystem uh the

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simplest way i’m sure all of you are

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aware what nfts are it’s a

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non-functional token and uh quickly for

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people who don’t understand what

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non-fungibility means that it actually

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means that the token or any asset is

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unique in itself you cannot trade this

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token or this nft for another nft uh on

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the other side you have fungible tokens

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for an example you can trade a bitcoin

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for another bitcoin and if you give

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somebody a bitcoin take one back

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essentially you have the same thing he

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has the same thing that’s a fungible

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token while

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a non-fungible token an nft is a digital

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asset which has a smart token at the

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back and you cannot trade it for

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anything else

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which will not change uh the equation

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that said you can participate in a very

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simple way by creating an nft uh

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that’s the simplest form you let’s say

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uh create

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a song or you create uh an image and you

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upload it on uh

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nft marketplace like openc or readable

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and uh you sell it to someone else and

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that’s how you kind of earn from the nfd

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ecosystem but that’s the simplest aspect

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but in this episode we will also kind of

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drill down into other aspects and other

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ways of uh participating as

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another thing another aspect of this

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could be

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something uh what we call as a 10k

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project now what it is 10k is 10 000 and

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there’s a concept going around when you

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create 10 000 variations of a base model

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so let’s say as a base image you have

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a christmas hat you have uh

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snowflakes at the back and all the

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christmas cheer going around and you

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create ten thousand variations of this

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now again i understand you do not create

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10 000 variations of an image all

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manually so there are technologies

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available to do it

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at quiplin we create a lot of 10k

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projects

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now once you create those 10k projects

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it’s time to upload it on uh on an nft

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marketplace wherein you would list uh

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those 10k uh nfts and people can buy

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that by the way this is also called as a

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generative art because you’re now

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generating all these art forms through a

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program you’re not doing it manually so

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this is called generative uh art or

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generative uh nft

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that’s it so we talked about how you can

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create a single nft or

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various variations of it and sell it on

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nfd marketplaces the other thing that

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you can do after creating so many

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variations is you can create your own

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nfp marketplace as well

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nft marketplaces can be of two types uh

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one is a single vendor in ft marketplace

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the other is

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a multi uh vendor marketplace uh in a

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multi-vendor marketplace as you can

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imagine by the name that there can be

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multiple vendors you create

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sort of an uh sort of a amazon for uh

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nfts various vendors can come in they

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can upload their digital art converted

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into nft and they can list those nfts

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for people to buy that’s a multi-vendor

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uh nft marketplace and in terms of

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examples of these with the very famous

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ones are open c

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and uh variable and these marketplaces

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are basically uh sort of a smart

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contract wherein you create an nft and

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at that

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at that time itself when you’re creating

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you you get a confirmation that your nft

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has been created similarly there can be

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some other

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ways you can create nft marketplaces as

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well and

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these can can be very different from how

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you create nft marketplaces on smart

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contracts these could be simple

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marketplaces which then further call

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upon a method to convert your digital

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art into nft but you may not get a

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confirmation at the very moment when you

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upload so various ways you can create

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different types of nft

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marketplaces in multi-vendor form and

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both of these ways that i talked about

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have their own sets of advantages and

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disadvantages in a

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in a

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smart contract form like an open c

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as i said the advantage is you you you

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get to know that your nft has been

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created

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immediately when you are trying to do

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the process but on the flip side uh

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your users can only pay

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in crypto currencies uh they will have

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to attach their wallets like metamask

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and they can pay through that however if

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you create an nft marketplace

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not as a

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smart contract but as a simple

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marketplace

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that can also have fair currencies uh

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been paid by users and then you convert

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them into uh cryptocurrencies so that’s

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about multi-vendor nft marketplaces the

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other thing could be let’s say you

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create 10k variations of your nft and

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you just want yourself

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as a single owner as an individual or as

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a company you just want your nfps to be

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listed on that marketplace uh you create

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a marketplace and then this particular

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would be called as a single vendor

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marketplace now the the protocols uh

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remain the same both on single vendor as

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well as multi-vendor marketplaces the

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prime uh protocol that you are using is

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erc

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721 which allows you to convert your

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digital art into ethereum based uh

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nfts there can be other blockchains as

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well you can create uh your nft on

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solana as well uh and in fact doing this

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on solana is a much faster and cheaper

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as well so you can decide which

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blockchain you would want to have but

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making an nft marketplace be it single

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vendor or multi-vendor gives you a very

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big exposure to the whole ecosystem and

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uh

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as i spoke about openc unreadable being

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multi-vendor we should also talk about a

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great example of a single vendor

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marketplace and

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garyvee has a great project out there we

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friends is how he calls it and he’s

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selling nfts uh on his own marketplace

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it’s a single vendor marketplace and uh

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there are various access levels to

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various nfts

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you get to attend his conference only

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when you buy this nft and uh various

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programs that you can go in uh in that

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conference depending on what kind of nft

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you had purchased purchased from his

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marketplace so various interesting use

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cases coming up and we’ll keep you

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posted on what all is going on but i

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really hope this nft based episode would

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have helped you understanding how you

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can participate in the ecosystem and i

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really hope that you uh come back on our

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podcast uh listening to uh the newer and

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your stuff that we’ll bring for you

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thank you so much

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and you can also watch our previous

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episodes i think this is where you will

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find the link

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uh this will be talking about the fabric

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of metaverse

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go and find out what augmented reality

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and virtual reality uh is doing for the

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metaverse and how this is becoming a

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constituent element of the whole

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ecosystem so yeah this is where you find

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it