Categories
Show

MBA1914 What Are NFTs?

You wouldn’t pay millions of dollars for a screenshot of the Mona Lisa from Google Images. But the original hanging in the Louvre is priceless, because there’s only one of those.

Now apply that logic to digital files, and you can understand NFTs.

Yes, people are spending millions of dollars for images of things you can see for free. That’s because blockchain technology has made it possible to identify digital originals called NFTs, or Non-Fungible Tokens. 

They’re not made of earthly material like canvas and paint, but they’re unique — and therefore valuable.

NFTs are a booming (if hard to understand) business. But like any collectible — think baseball cards, action figures, comic books — the value of an NFT isn’t inherent. It’s perceived. 

Today, we discuss what NFTs are, and whether you should invest in them. And, we warn you about the inevitable NFT scams that are all too easy to fall prey to. Click Play!

SUBSCRIBE ON ITUNES

Stitcher | SoundCloud | Podcast Feed How To Subscribe

Give us a Rating & Review

Today's Sponsors

Chatdesk

Chatdesk combines machine learning and human support to make connecting with your customers easier than ever. Chatdesk trains experts to perfectly respond to your brand's voice and policies from day one, transforming your support tickets into satisfied customers. Leading companies such as Thinx and Shea Moisture use Chatdesk to increase their Facebook and Instagram ad conversion, by up to 15%. For a limited time, you can get started with Chatdesk for free — head to chatdesk.com/the100mbashow.

American Express

Future proofing your business has never been more important. That’s why the AmEx corporate program is here to give you the customized support and solutions to thrive. Empower your workforce with a suite of solutions designed to tackle your changing needs today, and help fortify your business tomorrow. With powerful backing and trusted customer service, the AmEx corporate program is here to help drive your business forward. Learn more at americanexpress.com/corporate.