The best way to approach NFTs and Crypto is to start, knowing that you'll likely lose some money at first, but beginning is way more important than getting it right. There are many unknown factors and unpredictable events, but the global economy is out of our control.
The speaker prefers to stick to trading stocks over non-fungible tokens, despite dabbling in both technology and finance, claiming to have helped family members financially over the years.
The hosts discuss the risks of trying to out-trade the rest of the NFT market and encourage listeners to take time to educate themselves and wait for good investment opportunities.
The emergence of NFTs (Non-Fungible Tokens) opens up the possibility of defining any object as having value, including digital assets. As we transition from fiat currencies into scarce math-backed currencies like Bitcoin, NFTs are redefining digital assets as culture and emerging commodities.
In this podcast, the speaker discusses their thoughts on NFTs and how they have tried to understand the market beyond JPEGs and art, despite attending several NFT conferences.