Elon Musk & Joe Rogan: The NFT Conversation That Broke the Internet!

Introduction

The conversation between Elon Musk and Joe Rogan on NFTs has sparked a major buzz, renewing interest in the NFT market. This blog discusses their insights and the impact on the NFT community.

Market Update: NFTs and Podcast Buzz

• Mark Cuban recently shared his macro view on NFTs, advising people not to speculate and to buy what they love, signaling a neutral to bullish sentiment towards the market.

• The NFT market appears to have bottomed out, with signs of resurgence as Ethereum and Bitcoin prices rise, along with positive ETF and mining news.

• The discussion around NFTs gained momentum with Mark Cuban’s insights, and even more so with Elon Musk’s appearance on The Joe Rogan Experience podcast.

• Elon Musk’s highly anticipated guest spot on The Joe Rogan Experience created a buzz, renewing interest in NFTs and sparking further discussions about their future.

Discussion on NFTs and Elon Musk

• Duos started talking about NFTs and Joe Rogan mentioned that 80% of NFTs are scams, but he admires talented digital artists.

• Elon Musk shared that he unfollowed someone on a platform because their content was too edgy and jarring for him, which was surprising considering his own edgy nature.

• It’s interesting that Be’s name was brought up during the discussion.

• Be’s perspectives and contributions in the field of art and digital content creation seem to have caught the attention of the speakers.

Elon Musk’s Remarks on NFTs and Digital Art

• Elon Musk made notable remarks about NFTs and digital art, asserting his position in the face of the NFT trend. He emphasized the storage of NFTs on chain, highlighting the importance of encoding the JPEG to the blockchain for digital ownership.

• Many NFTs, including Ethereum-based ones, are not actually stored on the blockchain but are represented by a URL pointing to a JPEG. Despite this, they still offer the benefits of digital ownership and trading capabilities.

• Elon Musk’s comments also reflected the distinction between ERC721 tokens and onchain/offchain assets, pointing out that Bitcoin ordinal NFTs are known for being on chain.

The Rise of Ethereum NFTs in the Mainstream Media

• Ethereum NFTs are gaining significant attention, with on-chain NFTs like Onchain Monkeys and Cyber Brokers leading the way.

• Key figures such as Joe Rogan, Elon Musk, and Mark Cuban have brought NFTs into the mainstream media spotlight, signaling a neutral to bullish sentiment towards NFTs.

• The technology of NFTs is evolving, and there is a potential for a surge in demand as mainstream figures discuss NFTs in a positive light.

Joe Rogan and Elon Musk’s Discussion on NFTs

• Joe Rogan and Elon Musk recently discussed NFTs in a podcast, sparking a lot of interest and curiosity within the community.

• Elon Musk mentioned the concept of NFTs being ‘on chain’, raising questions and discussions among NFT enthusiasts and investors.

• The podcast has a massive audience, and Elon’s comments have generated a significant buzz around NFTs, prompting various opinions within the community.

• In addition to the podcast, NFT Nation offers a private Community where daily discussions and recommendations about NFTs take place, attracting a diverse group of individuals interested in this market.

• There is an invitation to join the NFT Nation’s private Community, emphasizing that it provides valuable insights and hot weekly picks for just one dollar.

• The discussions around NFTs by influential figures like Joe Rogan and Elon Musk have contributed to a growing interest and engagement in the NFT community.

Conclusion

The discussion between Elon Musk and Joe Rogan has significantly impacted the NFT community and renewed interest in digital art. Their insights have sparked a wave of curiosity and engagement in the NFT market, indicating a potential surge in demand for NFTs.

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