775 - NFT (Part 1): All Things NFTs!

The James Altucher Show

James Altucher

Education, Business

4.6 • 2.7K Ratings

🗓️ 13 October 2021

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

What are NFTs? When I first saw NFTs, I thought they were all just a piece of art that you could screenshot and download. So my questions were, what are NFTs? Why were they worth thousands and millions of dollars? Was it a scam, if not, why am I not making them right now? So I called up my long-time friend, Tim Collins, a Contributor to TheStreet RM/RMPro, to tell me all about NFTs, what were their utilities, and why are people so excited about a piece of pixel art!? Listen to this Part 1 out of 2, and Part 2 will come out the same day too! My new book Skip The Line is out! Make sure you get a copy wherever you get your new book! Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president. I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: YouTube Twitter Facebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This isn't your average business podcast and he's not your average host.
0:06.8	This is the James Altiger Show.
0:12.8	Today on the James Altiger Show.
0:15.8	We honest, I didn't know anything about NFTs.
0:17.6	Well, I knew a little bit.
0:18.6	I knew that like JPEGs of gorillas were selling for millions of dollars and I thought this
0:23.3	is BS.
0:24.3	Like this is like, this is like everything bad about the art world on steroids.
0:28.7	But then I had this discussion on my podcast.
0:31.8	You're about to listen to it and it's about NFTs and it blew my mind, the real functionality
0:38.9	of NFTs.
0:39.9	And it reminded me of the internet back in 1993 or 94.
0:43.9	I was honest and I was one of the first people actually making websites and I built a business
0:49.5	that way.
0:50.5	But it reminded me how everyone thought the internet was useless.
0:52.6	Like, oh, you just put like, you know, your diary online is so big deal.
0:57.8	I'm like, no, no, no, this thing is going to have enormous business use.
1:02.0	That's what I feel about NFTs now.
1:03.8	The actual functionality and use cases of NFTs, it blows my mind.
1:09.7	How many businesses can be created and will be created probably in the next few years
1:14.3	with this thing.
1:15.8	Enjoy it and it's part one and part two.
	...

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