Why NFTs Are Exploding and Driving People to Crypto (NFT Crypto Explained) | NFT Non-Fungible Tokens

    Jake Brukhman, cofounder and CEO of CoinFund, explains why people are excited about non-fungible tokens, how they can be used, and what new behaviors and businesses they might enable. Whereas a cryptocurrency has many identical units all worth the same, Non-Fungible Tokens (NFTs) represent unique digital assets.
    For instance, collectibles, 3D models, stock photography, syndicated content, music royalties, movies, articles, blog posts, books, etc. NFTs allow creators to sell and license digital content to users in various ways, which opens up liquidity in previously non-tradable paper rights. Additionally, blockchain technology replaces privately owned marketplaces with a decentralized smart contract-based system. Intellectual property rights can apply to NFTs in different jurisdictions, platforms will facilitate agreement terms between buyers and creators.

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    Why NFTs Are Exploding and Driving People to Crypto (NFT Crypto Explained) | NFT Non-Fungible Tokens

    0:00- What is NFT or Non- Fungible Token?
    0:39- How they can be “liquid intellectual property”
    2:59- How NFTs enable fractionalized ownership
    4:55- How NFTs can be used as collateral to manage risk
    6:14- How NFTs are combining with DeFi to create NFTFi

    #NFT #NFTs #NFTCrypto #NonFungibleToken #FinancialEducation #WealthyValue


    Full interview (Credits): Why NFTs Are Attracting Everyday People to Crypto – Ep.143
    Unchained Podcast


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