In this episode, Nick Chan, co-founder of Refinable.com, talks about NFTs, and the platform, including recent milestones and the vision for the future.

Be sure to check out REFINABLE! https://refinable.com

Episode 5 Time Stamps

00:15 Welcome to Nick Chan, co-founder of Refinable
02:04 Nick Chan unpacks what Refinable is
02:52 "Accessibility is our North Star Metric for our users – ultra low cost, very secure, relatively fast"
03:18 "NFTs are very community driven."
04:01 Trying to support communities and help people engage with NFTs
04:31 Really focused on giving different brands and communities a whole space to work in
06:06 Farmer’s Market analogy
06:55 What Refinable wants to be: a crossover between Craigslist, Etsy and a little bit of Patreon
07:34 Proving originality in the art market: Provenance
10:30 Being an NFT does not make something any more or less valuable
10:44 NFTs are just a technology to onboard what is already happening - NBA Top Shots example
11:29 Decentralization – decentralize the responsibility of doing due diligence
12:25 The idea of originality
12:44 Beeple & Why Art For Anarchists came into the NFT market
13:09 The importance of immaterial things
13:58 “It’s hard to talk about how people really value things.”
14:41 “There are different ways to assess value depending on what is important to you.”
15:30 “If you think you got a good deal, then you got a good deal!”
15:39 Milestones
16:12 Secured Binance as one of Refinable’s first major investors – “that was super-awesome!”
16:33 Secured investment from Mr. Beast’s team – “that was super-exciting!”
16:59 Soft launch
17:42 Burn function on the way?
18:40 Decentralized platforms liberating the creator communities
21:11 The NFT gives the world of creativity an equal footing
21:39 Anyone can start creating, and have their own marketplaces
22:03 A lot of galleries are interested in exploring NFTs
22:12 How do we ensure people find what they want in the general marketplace?
23:22 Do art galleries, from an art historical precedent, see NFT art as legitimate?
25:28 Connecting the digital and physical worlds
25:55 Moving from modern to postmodern in the art world – conceptual art – immaterial art
26:55 Yves Klein example: “The Void”
28:18 What is art?
28:52 “As long as the story makes sense to you, as a buyer, then it makes a lot of sense.”
29:02 “Things are not valuable because they are an NFT.”
29:08 NFTs explained by Nick Chan
30:26 NFTs are going to be used more on the retail side
31:12 Advanced utilities: NFT as a means of storytelling / creating engagement
31:31 The business marketplace – It’s all about intention
31:53 A lot of the brands we are talking to have not worked with block chain – fearful / skeptical
32:13 Think of NFTs as a new marketing vertical / social media vertical / digital transaction vertical
32:33 Refinable really focusses on long-term partnerships – drive interaction and collecting
33:19 Advanced utility examples: stamp cards? – ID every stamp card, stamp, person, purchase etc.
35:21 Re-salability / Royalties – “Because everything is programmable, anything can happen.” win-win
38:03 The FINE token explained: BSC / throttle / core believers / access to different membership tiers
40:34 A Creation Vertical / A Discoverability Vertical / A Trade Vertical
40:45 Working on allowing people to settle with FINE and additional governance items: vote/propose
41:20 Staking?
42:35 If artists find Ethereum too expensive, come in, check it out, and make a living through Refinable
43:26 Any interest in building in blogs / community chat functions?
49:23 What is Social Media Vertical?
54:29 Jumping from the Old World to the New World – dropping the air of mysticism
55:57 leverage the technology, why use NFTs, who to target, different liquidity pools, narrative changes
58:27 NFT is use case unto itself – predicted speed of adoption
59:25 We exist at a very interesting time: this is the absolute perfect time to start working with NFTs and block chain
59:50 NFTs are a great onramp to really start learning about block chain
1:01:36 What is Refinable’s fundamental approach to developing trust with analogue market forces?
1:05:52 Binance Smart Chain & Metamask / Trust Wallet
1:07:20 “I can’t believe you paid $200 (to mint an NFT). That’s insane!”
1:08:00 Making the general process easier / fiat onramps
1:09:15 Some proof of concepts coming out should shake up the general conversation around NFTs

Join the revolution:

Gallery: www.artforanarchists.com
Twitter: www.twitter.com/ArtAsAnarchy
Instagram: www.instagram.com/presence_of_animal_mind
Foundation: https://foundation.app/@artforanarchistsxo
Rarible: https://rarible.com/user/0xbddc8cb3a4ce7394d610933c581144b0f442b43b
Refinable: https://app.refinable.com/profile/0xAb5424B9c82884b9699A9b4F3a34416378AF36C1
Twinci: https://app.twinci.io/user/0xbddc8cb3a4ce7394d610933c581144b0f442b43b/0x4ffce9639d3d72e7ea4fd06f530b0bc67a449bcc?page=0
Zora: https://zora.co/artforanarchists
Uptick: www.up