Chapter
Beware of NFTs: The Importance of Evaluating the Team behind Future-Based Investments
55:41 - 1:01:32 (05:51)
In this podcast episode, the importance of evaluating the team behind future-based investments, such as NFTs, is highlighted. It is emphasized that unless such investments are treated as a serious business, with a dedicated team behind them, they can be a slippery slope leading to losses.
Clips
Building a real team and considering it a business is necessary before investing in Utility NFTs to avoid potential losses.
55:41 - 59:34 (03:53)
Summary
Building a real team and considering it a business is necessary before investing in Utility NFTs to avoid potential losses. The uncertainty of what happens to the price of an NFT as it approaches its end and the looming cost of having an artist create a unique NFT should be carefully considered.
ChapterBeware of NFTs: The Importance of Evaluating the Team behind Future-Based Investments
Episode#586: The Random Show with Kevin Rose — Current Books, Men's Groups, Tuna Helper, the Latest in NFTs, Fierce Intimacy, and More
PodcastThe Tim Ferriss Show
This podcast highlights the importance of incorporating fear, uncertainty and doubt when evaluating tech projects, using the analogy of swimming with sharks.
59:34 - 1:01:32 (01:58)
Summary
This podcast highlights the importance of incorporating fear, uncertainty and doubt when evaluating tech projects, using the analogy of swimming with sharks. The risks of technical issues and funding problems are discussed.