So Money with Farnoosh Torabi cover image

1349: Using NFTs to Create Community and Close Opportunity Gaps

So Money with Farnoosh Torabi

00:00

What Is an NFT?

An nft is a non fungible token. It can be traded, owned, gifted, but tracked as so i give you one and people can see that it went from my wallet to your wallet. The block chain is just a ledger of transactions. And the place that it's really captured people's imagination has been the art side. Because right now, if i sell a piece of art that goes on my wall, I'm not going to get paid for it. So this is an opportunity for creators who exclusively benefit financially by being able to monetize their work.

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