Ep 318: NFTs 101
HerMoney with Jean Chatzky
Jean Chatzky Her Money
4.7 • 1.5K Ratings
🗓️ 11 May 2022
⏱️ 48 minutes
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Summary
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| 0:00.0 | You're listening to an AirWave Media Podcast. |
| 0:04.0 | That to me is the biggest risk is to just jump into something because you had |
| 0:10.5 | phthalmone, you had to get in on something, and then you have no idea why you have a wallet |
| 0:14.6 | or this NFT or what it means to you, and you don't know what to do with it. |
| 0:21.4 | Investing in the market is about more than just money. |
| 0:24.4 | It's about investing in your future and your choices, it's investing in you. |
| 0:29.5 | If you're looking to optimize your investment strategy, visit planefv.com slash her money. |
| 0:36.0 | You can schedule a free appointment with an advisor today. |
| 0:39.5 | Hey everybody, I'm Gene Chatsky, thanks so much for joining me today on her money. |
| 0:49.0 | We heard from so many of you after our crypto 101 episode, which was episode number 303 |
| 0:56.7 | to be precise, where we just explained all things digital currency and blockchain. |
| 1:03.4 | But the question on your minds wasn't about crypto, it was about NFTs, non-fungible tokens. |
| 1:10.8 | But what exactly are they? |
| 1:13.4 | Well, NFTs are original digital works of art that exploded onto the market during the |
| 1:19.4 | pandemic and served for a way for artists to be able to make and sell original works digitally. |
| 1:28.0 | They are crypto adjacent, which is the best way I can think of to describe the fact that |
| 1:33.5 | they are secure using the same blockchain technology used in crypto and in order to purchase |
| 1:39.9 | an NFT, you need crypto to buy it. |
| 1:43.6 | These days, everyone from famous musicians, like Jay-Z, to our favorite visual artists |
| 1:50.1 | on Instagram, seem to be making and or minting NFTs. |
| 1:56.4 | The artist's people made headlines in 2021 when his NFT sold at Sotheby's for a jaw-dropping |
| 2:02.9 | $69 million, then the NFT collective crypto punks sold the rare 8 NFT for 10 million in |
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