The Innovation of On-Chain NFTs, with Jim McNelis of NFT42
The Metaverse Podcast - A podcast by Outlier Ventures
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In this episode of Founders of Web 3, we talk to Jim McNelis, (j1mmyeth). As the founder of NFT42, we discuss the importance of bringing NFTs fully on-chain, how the current state of the technology is like ‘painting on cave walls with mashed berry juice’, and how IPFS is analogous to BitTorrent.We also discuss the dangers of onboarding large brands to unrefined tech, the importance of creator royalties, composability for the future of NFTs, projects like CryptoPunks and Avastars as the DNA for an Open Metaverse, collaboration with John Orion Young (JOY), and much more.
