Chapter
Understanding NFTs
1:01:17 - 1:05:56 (04:39)
This episode discusses the emergence of Non-Fungible Tokens (NFTs), the accessibility of industry lingo and how NFTs differentiate from traditional tokens like Bitcoin and Ethereum.
Clips
An NFT is a unique token living on a blockchain that tracks something specific like art, which is different from usual tokens like Bitcoin as it is non-fungible.
1:01:17 - 1:04:47 (03:29)
NFT
Summary
An NFT is a unique token living on a blockchain that tracks something specific like art, which is different from usual tokens like Bitcoin as it is non-fungible. The artist, as the content creator, receives their share of all future transactions.
ChapterUnderstanding NFTs
Episode#499: Katie Haun on the Dark Web, Gangs, Investigating Bitcoin, and The New Magic of "Nifties" (NFTs)
PodcastThe Tim Ferriss Show
The use cases for NFTs are not limited to just being displayed or stored in hardware wallets.
1:04:47 - 1:05:56 (01:09)
NFTs
Summary
The use cases for NFTs are not limited to just being displayed or stored in hardware wallets. Similar to the iPhone, NFTs have the potential to create new industries that we may not even be able to imagine at this point.