HUMBL - Brian Foote interview with Rob Luna

I hope they're right as I am currently a bagholder of this turd stock.

Humbl, now that's a name I haven't heard in a long time. Dumped that stock at like 2.60? the day after their PowerPoint talking about all the revolutionary functions their app was going to bring to market.
Unfortunately, there's apps that do everything thy are trying to do...already... has that changed? Is this worth a click? Have no idea where the price is currently, full disclosure.

It’s a wild world. Think baseball cards. Same concept. If it’s collectible there is a value. Take the example used in the video. You buy an NFT of a ticket for a baseball game. Starting pitcher throws a no-hitter, suddenly that NFT ticket is paired with a highlight of the game. There’s already a limited amount and just like selling a physical ticket of the game there is a value in its collectibility. Or take this example, an artist sells an NFT of a song and there’s only 10 copies of that song as there are only 10 NFTs created. The song could be valuable if the artist is in high demand. It’s basically free market economics in the digital sphere. Small supply, high demand, high price.

Do you see how disruptive applying NFTs to the ticketing world would be? Live Nation is a 20 billion dollar business. Each ticket is basically a QR code that has zero value except for when you scan the ticket to enter the venue. Further, the service fees are astronomical across the board. It’s ripe for a competitor to create a better more valuable ticketing experience while also drastically reducing the overall price of the ticket. It’s a win-win for the consumer.

All sales would be backed up on the blockchain as a proof of sale and all sales would be done through ethereum.

Exactly what you’d expect someone running a billion dollar pump and dump to look like.

It looks like two promoters for like a bareknuckle boxing league, or boat salesmen.

Because you can’t buy a literal actual ticket anymore. It’s all digital anyway. This way, the digital ticket brings value.

One is a wealth manager, the other is a computer programmer turned CEO. Can you guess which is which? I understand you’re bearish about everything, but can we at least keep the conversation at an adult level?

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Exactly what you’d expect someone running a billion dollar pump and dump to look like.

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i dont disagree but this guy is running a billion dollar company too.

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I admittedly am so utterly ignorant on NFTs and have trouble wrapping my head around it. In this case, why would someone by a NFT of the ticket when you coudl just buy the literal, actual ticket?


Because.

That’s the best way to sum up the argument for NFTs - just because.

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NFT is a 21st century spin on an age old concept. Rembrandt is the probably most desirable master. But you go on any cruise and you can be certain the have “original” prints for sale in their art gallery. The catch is the print come from an original wood etching that’s been reused for hundreds of years. When photography came around, the game was modernized. Now you can get an Ansel Adams from the original negative. Warhol modernized the concept with his Factory. He hired a slew of assistants to do the base product that he could embellish and sign, and sell at a premium to run of lithographs because each piece of art was considered original and unique.

NFT just takes that concept one step further. Now you have to recognize which rights to the image your purchasing….typically it’s none of them. All the professional sports ones retain trademarks, so you can’t even use the NFT for any commercial purpose.