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.
? Some crypto resources we use and recommend:
Get up to $250 & earn 8.6% APY on your crypto with BlockFi: https://wealth.yt/blockfi
Track your crypto portfolio and taxes: https://wealth.yt/cointracker
Keep your crypto secure with Ledger: http://wealth.yt/ledger
Keep your crypto secure with Trezor – https://wealth.yt/trezor
Get $25 for free when you get the Crypto Card: https://wealth.yt/crypto
Get $5 for free on Coinbase: https://wealth.yt/coinbase
Best crypto online courses: https://wealth.yt/cryptoversity
How to profit from crypto in a short time – https://wealth.yt/ultimatum
Buy crypto & get 4 free stocks on WeBull – https://wealth.yt/free-stocks
Manage all your money accounts from one place – https://wealth.yt/capital
Get 50% Off Motley Fool’s Stock Advisor – https://wealth.yt/stock-advisor
The video & music library we use for our channel: https://wealth.yt/elements
[Affiliate Disclosure – Our channel is viewer-supported: when you buy through those links, we may earn an affiliate commission at no extra cost to you. If you enjoy our content, and you’re interested in one of the resources above, please consider using our affiliate link. This channel is a personal project, and every little contribution will help us to keep it going. Thank you!]
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
? Get videos like this every week: http://wealth.yt/subscribe
Wealthy Value is an educational platform about business, global economics, and financial education. We help investors, entrepreneurs, and anyone looking to master the future of finance.
Every week, we post videos to help you master the game of money and build long-term wealth. You will find financial, entrepreneurial, and business wisdom from bright minds such as Robert Kiyosaki, Jim Rickards, Nassim Taleb, Warren Buffet, Jim Rogers, Ray Dalio, Peter Schiff, and many more.
Are you looking to become smarter and more financially literate in today’s changing economy?
? Subscribe here: http://wealth.yt/subscribe
FAIR-USE COPYRIGHT DISCLAIMER
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use.
This video has no negative impact on the original works, it’s meant for teaching and inspirational purposes. We’ve only used bits and pieces of videos to get the point across where necessary.
For Any Copyright Issue Or Business Inquire: WealthyValueYT@gmail.com