Steve Aoki shares his biggest NFT regret with Logan Paul

Steve Aoki had a deep chat with Logan Paul about NFTs and the “A0k1verse” on the latest episode of Impaulsive – including a chat about his biggest regret in the crypto space.

When Steve Aoki joined Logan Paul on his IMPAULSIVE podcast, crypto and NFTs were always a topic of conversation. Both are intensively concerned with the space – the former even more with his project “A0k1verse”.

While NFTs have been a hotly contested topic in the gaming world, Aoki’s new project is being touted as a game changer for musicians.

Aoki, who is well versed in the often grim world of blockchain technology, spoke at length about his experience with NFTs. However, while talking about the highs, he also shared his biggest regret.

Steve Aoki floats in space wearing a silver jacket and "Welcome to the aokiverse" printed in the text about him
Steve Aok

Steve Aoki’s “A0k1verse” is slowly but surely coming to life.

“The only thing I’ve learned is never to buy one.” Said Aoki.

“I already made this mistake with a CryptoPunk. So I sold it, then I bought two more. So now I just buy it [mutliple] NFTs.”

The discussion between Aoki and Paul quickly turned from discussing how high it is to do well at a risky gamble to their less fruitful endeavors.

Referring to the Oni project, which both Steve Aoki and Logan Paul were involved in and both lost money on, Logan made it clear that projects like this require a great deal of distance to get involved.

“I don’t feel like it’s a loss. Technically, the project value has gone down, but I don’t care.”

Raising interesting questions about the community approach to blockchain usage, Paul said “royalty shares on songs for some artists would be crazy”.

The related segment starts at 57:35.

This concept opened the door to the much debated topic of what the point of NFTs is and the potential application of their use in the real world. The idea in this case is that by owning the NFT for a song, the owner of that NFT is entitled to a portion of the money made from that track.

Concluding their discussion of NFTs and crypto as a whole, Steve Aoki, Logan Paul and Mike Maljak all agreed on the typical lifecycle of each project, with Aoki saying, “It went really well, it went up and then down. All NFTs have fallen. It stayed on that low floor for 10 months until we announced the Aokiverse.”

Mike’s final comments on the project summed up the standard casual user’s experience.

“It’s the natural cycle [sic] Application for an NFT project. You get that initial burst of energy when the project first releases, and then of course it’ll go back to some kind of baseline.” Steve Aoki shares his biggest NFT regret with Logan Paul

Emma Bowman

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