Selling a Startup on NFT
Today we have an exclusive interview with Gordian, the first entrepreneur to ever sell a company on the blockchain as an NFT.
NFTs are digital assets that live on the blockchain. They are usually created by artists who sell unique pieces of art, such as pictures, music or videos. How do you end up selling tech companies on the blockchain? In this blog post we share interesting and key areas which Sam and Gordian discussed during the podcast episode.
What is NFT and how do you sell a company on the blockchain as an NFT?
NFT stands for Non-Fungible Token. It’s basically a certificate that certifies that a digital asset is unique.
Gordian started this startup 3-5 years too early and lacked the technology and market to build the API but he still decided to try. He managed to raise $1.7 million in the midst of the pandemic. Why did Gordian take the risk knowing that it would fail? Gordian was interested in gaining a lot of media attention and selling the whole company which consisted of hundreds of thousands, maybe millions of digital assets as one NFT. The team has done something unique because they are the first startup ever to be sold as an NFT. He wanted to show to the world that you can try and fail, and it isn’t the worst thing in the world. The journey for Gordian was more about educating people about the option of failure and that this is not a thing to hide.
The real definition of entrepreneurship in Gordian’s view is you’re combining two things that have never been combined before. That differentiates you between being an entrepreneur and being a businessman which is doing something that other people are doing on a different market with the blueprint that you’re having.
If you want to learn more about Gordian’s startup and NFTs, check out the podcast episode here!