Welcome back fellow apes, today we’re going to be talking about NFTs. Specifically, we’re going to explain what they are, and then we’re going to talk about the pros and cons of investing into them. So if you’ve ever wondered what people were talking about when it came to NFTs, this is the video for you.
We’re going to start with the very basics. NFT stands for non fungible tokens. The word fungible isn’t one that’s used a lot in every day conversations, so people sometimes get hung up on it. Basically, a fungible item is a good or service that can physically be replaced by another identical item. Non fungible means that the item CANNOT be exchanged for something else of equal value.
00:00 - Intro
00:23 - What is a Non Fungible Token?
01:26 - Difference between NFTs and Bitcoins
02:09 - Why investing in NFTs?
02:36 - Where do you sell NFTs? (aka NFTs Marketplaces)
03:19 - What are the most expensive NFTs?
04:17 - NFTs scams
04:47 - How much electricity NFTs use?
#MarketMonkey #Dogecoin #Cryptocurrency #WeLikeTheStock #ElonMusk
Resources:
Should You Invest in NFTs Right Now?
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What Is An NFT? How Do NFTs Work? – Forbes Advisor
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What is an NFT? The trendy blockchain technology explained - CBS News
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What's An NFT? And Why Are People Paying Millions To Buy Them? : NPR
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NFTs Are Hot. So Is Their Effect on the Earth’s Climate | WIRED
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How Do Carbon Emissions Affect the Environment? (greenmatters.com)
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