"Understanding the culture is key." - Ray Chan

Introduction

‍NFT Paris brought together some of the most innovative minds in the NFT space for a thought-provoking panel moderated by Matt Medved from NFT Now. The discussion delved into the underlying value of NFTs, examining aspects such as hype, community, and IP rights. With panelists Betty, Ray, and Julian, along with insightful moderation, the session offered a deep dive into the evolving landscape of non-fungible tokens.

Panelists

1. Ray Chan (CEO & Co-Founder, 9GAG, Memeland)
2. Betty (Co-Founder, Deadfellaz)
3. Julian Holguin (CEO, Doodles)

Key Points

1. Surviving the Bear Market:The panelists reflected on the challenges posed by the bear market and highlighted resilience as a key factor in navigating through tough times. With shifting market dynamics, flexibility and adaptability became crucial for sustaining projects. Ray emphasized the significance of technological innovation, cultural aspects, and community engagement in enduring market fluctuations.

2. Impact of Royalties on Strategy:The disappearance of creator royalties as a dependable revenue stream prompted projects to pivot and explore diverse revenue streams. While royalties were once perceived as a primary income source, their absence compelled projects to rethink their strategies. Julian emphasized the need for sustainable business models beyond royalties, focusing on product development and community engagement.

3. Cultivating Community and Culture:The discussion underscored the importance of fostering vibrant communities and nurturing authentic cultural experiences within the NFT space. Betty highlighted the role of projects like Deadfellaz in incubating new ideas and providing opportunities for talented individuals within the community. Julian emphasized the transformative power of community-driven initiatives and the significance of listening to and engaging with community members.

4. Future Trends and Opportunities in Asia:Ray shared insights into the growing influence of Asia in driving the next wave of innovation in the NFT space. With the rise of crypto-friendly regulations and a vibrant community, Asia presents significant opportunities for growth and adoption. The panelists discussed the cultural nuances and market trends shaping the region's role in shaping the future of NFTs.

5. Token Launch Strategies:Drawing from their experiences, the panelists offered insights into successful token launch strategies. Ray emphasized the importance of storytelling and aligning token utility with the project's vision. Julian stressed the need for clarity on the purpose and value proposition of tokens, ensuring alignment with the project's long-term goals.

Conclusion

‍The panel discussion at NFT Paris provided valuable insights into the multifaceted aspects of NFTs, ranging from community building to tokenomics and market dynamics. As the NFT space continues to evolve, harnessing the power of community, innovation, and cultural engagement remains essential for driving sustainable growth and fostering meaningful experiences in the digital realm.

In conclusion, the panelists expressed optimism about the future of NFTs, emphasizing the transformative potential of the technology and the opportunities it presents for creators, communities, and investors alike.

Through collaboration, innovation, and a deep understanding of user needs, the NFT ecosystem is poised to unlock new possibilities and reshape the digital landscape for years to come.

Attendees left the panel with renewed enthusiasm and a deeper understanding of the underlying value of NFTs, ready to embark on their own journeys within this dynamic and rapidly evolving space.

Watch the full talk