Let's jump into it. We'll start at the 101 level for people that have might have just heard the NFT, but they have no idea what NFT is. What what exactly is an NFT.

So NFT is an acronym for not fungible tokens.

First, you know, always say every level of consciousness comes with a new language, same thing with every industry that you break into. You got to sort of learn the language and a

language to start understanding it to really interact with it. So you really start to get to what is fungible and what is fungibility, right? And so it's like I would ask the question and I can ask this to you all into the audience as well is gold fungible or non fungible.

And why?

Well,

So it depends. So let's say it's 24 carat gold fungible or not fungible. So it's all in the same class.

So fungible means that you can't duplicate it, right? It can be fungible means it can be duplicated. That's why like NFT is not fun. Well, you can't duplicate it. So for my so I would say gold.

You can't duplicate gold. Can you you can make fake gold? I don't know.

You duplicate a 24. I mean, I guess if it's 24 carat, you can you can make another 24 carat, but how can you make another 24 carat gold?

Well, when you hear fungible think of interchangeable. That's a quick cliff notes. So all right. We're back. So I can promise school.

So.

But but yeah, it is more interchangeable interchangeable, right? Something you can exchange. If you got, if somebody says if you go to a dealer and say I want a kilo of gold, like this is a kilo of gold, it don't matter what dealer you go to as long as his gold, right?

And let's say he loses your your your bar of gold, right? And he replaces it with another bar gold. What's the difference?

Nothing is the same value, right? It all comes from the same class, right? It's the same reason we can take a dollar and you get exchange for quarters, right?

It's interchangeable for the same values. When something is unique. So let's say that if you took that same gold, that same gold and Beyonce wrote a signature on the back of it.

You can't just replace that because now it's unique. So things can go from fungible to non fungible, right? And so when things have have not fungibility, that's when they are unique assets essentially and it cannot be exchange for other things where you just making you can just throw me something for it is like no, I need that same thing.

Right? And so that's what gives things value, rarity, collectibles and things of that nature is the fact that we have the ability to collect things that other people don't have, right? And we can easily see the value in that that's the loss of applying demand.

So you see the similarities in art, so like the Mona Lisa Boschiat because there's not 7,000 of them available, they become more exclusive, the price of them is higher. So there's their related ability.

And then it opens up a lot of do a lot. So I also want to, as we talk about, and I hope the audience can understand it. I hope I see a lot of comments saying that there was a good explanation. I'm trying to get it to the simplest terms so you can understand how you exchange not fungible, fungible things in your life already.

And this is just a digital version of 100, but not 100 assets. Yeah, so I mean that explanation was pretty clear cut man, appreciate that. I just want to know how did you come in contact with NFTs? Like what was your first experience with it? Who I mean to somebody put you on like, how is this coming back?

You know what I was rack in my brain to try to figure out one that I exactly come in contact with NFTs and I don't know, I don't know. I remember my first red discussion with somebody with on NFTs with my bro, I just sanded up.

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