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If you are still someone that's looking for these institutional signals to tell you what has value, you're probably not understanding it. We are in a world where belief equals value," says Tomaino. Cryptoland arguably has elements of a religion. And if value in crypto is determined by group belief, Tomaino is a proud NFT believer. But he also happily acknowledges that for NFTs to truly go mainstream and attract newcomers, the platforms and services need to greatly reduce the friction in the user experience—if they ever can.
You have to have a certain level of curiosity in playing a game and figuring it out. For many years, people have been looking for this silver bullet of an increase and improvement in user experience, and it hasn't really come, but more and more people around the world are just becoming more curious and interested in playing the game.
And that's really what I encourage people to do. There might not ever be this silver bullet. One of the newer projects in the space that markets its lack of friction is Solana , the red-hot smart contracts blockchain. Its adherents rave that it's faster and cheaper than top-dog NFT and dapp network Ethereum. Tomaino isn't impressed with Solana just yet.
And that's great, because it's bringing new people in, but these things can be fleeting When you see so much noise around something in the short term, and you don't see any true innovation there, it can be a good time to be a bit skeptical. Watch other talks. On the topic. By the same tag. Watch more from Token Summit Token Taxonomy Act. Check the Blockchain. The State of Prediction Markets.
The State of Practice in Security Tokens. The Future of dApps. Blockchain Interoperability. Decentralized Products Taking on Centralized Incumbents. Decentralized Finance DeFi. Fireside Chat with Timothy Massad. Nick Tomaino Founder at 1confirmation. Choose a language to translate into.
Chinese Simplified. Chinese Traditional. Farsi Persian. Filipino, Tagalog. French Canada. Haitian Creole. Portuguese Portugal. Spanish Mexico. From the conference. Nick Tomaino in talks In cart. Closing Remarks Available. Zaki Manian Director at Tendermint Labs. Doug Petkanics Co-founder at Livepeer.
Wendy Xiao Schadeck Investor at Northzone. Experiments in cryptoeconomics Available. Hayden Adams Founder at Uniswap. Robert Leshner Founder at Compound.
View Nick Tomaino's profile on LinkedIn, the world's largest professional community. Nick has 4 jobs listed on A cryptocurrency focused investment firm. Ethereum cryptocurrency. $ETH. NFTs ; $BTC. Chainlink cryptocurrency. Cryptocurrencies ; Ada cryptocurrency. Coinbase. Machine learning ; Litecoin cryptocurrency. Tomaino was an early Coinbase employee, then left to start his own crypto VC firm 1confirmation, which invested in OpenSea's seed round and.