Katie Haun explains what got her on board. 

Why Andreessen Horowitz’s General Partner came around on NFT’s

Andreessen Horowitz’s General Partner came around on NFT’s


Why Andreessen Horowitz’s General Partner came around on NFT’s


Okay. Open C. Open C. Uh, so open C. Is the world's largest N. F. T. Marketplace. And we're going to talk me how I hope about N. F. T. S because I think that's the question I get most is what is an N. F. T. And why? Why should I care what an N. F. T. Is? And everyone in this room should definitely care what an N. F. T. Is uh, as consumers. Um, first of all, we should all care as content creators. Um, so open C. Is the world's largest market place where one can go discover, learn about buy sell trade N. F. T. S. Um, and I like to describe it as think about what Zillow did for real estate. You know, before Zillow, you could have gone to the county recorder's office and figured out who bought what parcel before, but who's going to do that? It would take a really long time. Zillow put all of that data right at our fingertips. So opens, he does that for every N. F. T. Out there. Okay, so it's kind of an organizing function it provides almost like a public good. But in addition it's a marketplace. So like an Ebay or like an Airbnb, it matches buyers and sellers. People can trade N. F. T. S on open C. Um, but they can also go acquire them and sell them. I know you own some, would you care? Yeah. What, what do you do with them? What are they? Well, actually, it's funny, you know how many new NFC it would be a thing because I think I'm a great test audience because I was like I don't buy video game purchases, why do you want to own stuff? You know this was the old me. I was like why would you want to spend money on something that you can't hold in your hands? Right? But guess what? The young folks do their very comfortable paying money for things that they can't hold. In fact they actually prefer it. I'm starting to find because they're online more their online persona. Is there like a status symbol for them? And I thought I'm not going to be that. But you know interestingly I had a moment where about a year and a half, a year and a half ago. I was thinking well I'll just by the N. F. T. It's a great origin story. This female creator by the way she programs for N. F. T. Her artworks of I sell it or I lend it or I do anything with it. She always gets a cut of that upside always, which is really neat. Um And I thought well I'll just use it for my zoom background, which you know now we're on zoom a lot. And people were asking me about it and I started realizing oh I'm not going to spend money on a outfit anymore. I need to just wear a plain black t shirt. So my N. F. T. Pops And and I thought if I had that moment that was my moment and I was like I now understand what, so that's just one use case. I use it as a backdrop. It's my and people ask me about it, it's a conversation piece, like if you had something in your home and people said, where did you get that on your coffee table? Um So it's something that I spent a lot of my time online now, I don't know about all of you, and I always get asked about, wow, that's so pretty, where did you get who made it? And I tell this story um In fact, I have another N. F. T. By an artist in Spain and he's now left what he was doing and his full time he's making full time digital art. Uh I think the takeaway is that spend money on FTS, you'll spend less money on your wardrobe. So um not investment advice, definitely. Thank you. I really, really appreciate. Thank you. Thank you. Thank you.