FWA and the New Market Structure for NFTs | Adam (Rhynotic) and Eric Conner

About this episode

What if the answer to NFT liquidity looked more like opening a Pokémon pack than trading on a traditional marketplace? FWA creator Adam “Rhynotic” joins David Hoffman and Eric Conner to unpack Fake World Assets, an Ethereum protocol combining random NFT pulls, ETH-backed liquidity and permissionless market infrastructure. They explore why FWA has made NFTs fun again, how its unusual pricing and buyback mechanics work, the FWA token, custom pools and FWAR's new approach to NFT launches. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near2026 🔑BITKEY | GET 10% OFF USE CODE: BANKLESS | #bitkeypartner https://bankless.cc/bitkey 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 👑BANKLESS CONTENT MCP https://www.bankless.com/premium --- TIMESTAMPS 0:00 What Is Fake World Assets? 1:38 Making NFTs Fun Again 3:55 How the FWA Pool Works 8:42 Why Eric Is Bullish on FWA 13:20 A Liquidity Layer for NFTs 16:00 From NFTs to Real-World Assets 20:13 Pricing, Buybacks and Incentives 28:36 Custom Pools and New NFT Markets 31:57 The FWA Token 39:06 FWAR and a New Way to Launch NFTs 48:47 What Comes Next for FWA 50:12 Multichain FWA and the Bigger Vision 54:46 Closing Thoughts --- RESOURCES Adam (Rhynotic) https://x.com/Rhynotic Eric Conner https://x.com/econoar --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures