The NFTs are non-fungible tokens, meaning they cannot be duplicated, which is different to

a fungible token, so Bitcoin. So there's only one version of it. They cannot be duplicated.

And so it could be a form of an audio, it could be in a form of a video, an image.

I am Vision Latiani, founder of Mind Valley, the School for Human Transformation.

You're listening to the Mind Valley podcast, where we'll be bringing you the greatest teachers

and thought leaders on the planet. It discussed the world's most powerful ideas in personal growth

for mind, body, spirit and work. Welcome back to the Mind Valley podcast folks. Today we're going to

be talking about NFTs. I'm going to share why we need to be paying attention to NFTs, but I'm also

going to share a couple of cautionary tales, including a big mistake I made. I want to be really

vulnerable here. And our guest today is one of the most brilliant minds in the field of NFTs.

So today we're going to be discussing some really interesting things. What are NFTs?

And here we're assuming you have a basic understanding, but because they've been all over the

news the past one year. But we're going to go deeper into how to understand if you should be

dabbling in NFTs, whether as an investor, as an art buyer, as someone buying an NFT because

of the utility it gives you. And we're also going to share some case studies on how you can use

NFTs for everything from raising funds for a charity to actually raising money for your business.

There's going to be some interesting case studies here. The intent of this podcast is not to

give you more or less, try to talk you into an investment opportunity. Rather, we are talking

about NFTs here as a tool. Not as something speculative because if you've been paying attention,

on the day we're recording this podcast right now, Bitcoin hit a massive low. People have lost

billions of dollars. Bitcoin was 57K almost 18 months ago. And now it's 20,000, right? A lot of

people lost a lot of money. So we're going to talk about the difference between crypto currencies

...