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Business Wars Daily

Salesforce Employees Aren’t Enthusiastic About NFT Plans

Business Wars Daily

Audible

Business, Business News, News, Daily News

4.6717 Ratings

🗓️ 3 March 2022

⏱️ 5 minutes

🧾️ Download transcript

Summary

Today is Thursday, March 3, and we're looking at Salesforce vs. OpenSea.

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Transcript

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Thank you. McMillan Online Community. From Wondry, I'm David Brown, and this is Business Wars Daily on this Thursday,

1:08.2

March 3rd.

1:09.0

Cloud-based software company Salesforce is looking ahead to its future and it looks lucrative. That's because Salesforce recently announced its plans to launch a platform that lets users create and sell non-fungible tokens or NFTs. You've probably heard a lot about these lately. NFTs are digital assets like images of artwork, shoes, or clothing

1:28.5

that you can buy, sell, and trade online. They're on the blockchain, so they can't be replicated,

1:33.9

which means they can hold a lot of value. And when I say a lot, well, I mean it. Some NFTs are worth

1:39.5

millions. But if you're in possession of an NFT and want to make money off of it, you need a platform on which to sell it, a digital marketplace, if you will.

1:49.0

These platforms take a little off the top of each NFT sale that occurs and sometimes charge users to even list NFTs for sale.

1:56.1

All of that to say, there's a lot of money to be made by launching an NFT platform, especially when the

2:01.5

NFT market hit $41 billion last year, according to Business Insider. So it would make sense

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