It's easy to find the world of NFT's confusing; what are they, how do they work are they a scam? Listen in to this episode to learn the ABC’s of NFTs, where Rob gives the lowdown on the tech, asset, art, attributes and the utility of NFTs.
robmoore.com/nft
KEY TAKEAWAYS
- The Tech Behind NFTs: What is it used for, where is it hosted, what is the purpose of it? Blockchain is the main tech, it’s essentially an online ledger. There are also platforms that allow you to ‘mint’ an NFT.
- NFT Assets: The early NFTs were essentially just digital art. Supply –vs- demand, scarcity and the story is what creates the value.
- The Art Behind NFTs: A good NFT is something unique.
- Attributes of NFTs: The more unique the NFT attributes, the more valuable it usually is.
- Utility of NFTs: If you want to invest in an NFT, it's important to look at the utility of it, then if anything changes it will still be of value to you.
BEST MOMENTS
“It could be used for so many things, think about when the internet started, it was used to send electronic mail”
“This is the point of disruptive technology; disruptive technology always has resistance”
“The main reason art is valuable is because of the story we tell about it”
[Business, mindset, entrepreneur, disruptors]
VALUABLE RESOURCES
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979