What Are NFTs, How Do They Work, & Should You Invest In Them

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 17 June 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What are NFTs and are they really an investment? I’ve been looking forward to this episode for quite some time because I’ve got a lot of NFT questions. It feels like all I’m reading these days is more about NFT hacks and losses so I was curious to know everything - what are NFTs, how do you create one, and are NFTs actually investments that you should spend your money on. Also, I’m a bit curious if NFTs are just another passing fad or here to stay. I knew just who to talk to. Stephen Young is the Founder and CEO of NFTfi, a company that allows NFT owners to use the asset you own to access liquidity, aka cash. As Stephen says in our conversation, “NFTs are simply memes you can invest in.” I think we need to know a lot more about NFTs, so let’s get talkin’. Links NFTfi Stephen on LinkedIn Episode Sponsors Thanks to Chime for sponsoring the show. Get started with Chime today. Applying for a free account takes less than 2 minutes. Get started at chime.com/mymoney. Taking care of your employees is more important than ever. With Gusto, everything you need to hire, pay, manage, and support your hardworking team is in one modern solution: Gusto’s people platform. Get 3 months free when you sign up at gusto.com/mymoney. Thanks to My First Million for sponsoring the show. If you're the type of person who's like me and always thinking about new business ideas and startup ideas, start listening today to the My First Million podcast on any podcast player. Thanks to Open Door Capital for sponsoring the show. Go to https://odcfund.com/ to learn more. Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Thanks to Ladder for sponsoring the show. Go to http://www.Ladderlife.com/mymoney to see if you’re instantly approved for Life Insurance to provide for your family if the unthinkable happens. FOLLOW & SHARE Leave us an honest rating and review. Head to the podcast player you’re listening to this episode in to leave us a review. Reviews help us continue to grow and bring on more amazing guests. Thank you in advance! Love this episode? Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode! Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares Follow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/everyonestalkinmoney/ See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Iron Hard has arrived on Disney Plus.
0:02.9	Rui, what is going all with you?
0:04.8	From Marvel Television, an executive producer, Ryan Coogler.
0:07.8	I wanted to build something undeniable, but now I'm in trouble.
0:10.7	Don't miss the sixth episode of Vand.
0:12.7	I joined a crew of criminals, and now I'm about to get killed by a deranged man in a cake.
0:17.8	Be the first to experience the all-new series.
0:20.5	You've bitten off a hell of a lot more than you can chew.
0:22.7	Brank what you will out.
0:23.5	Marvel Television's Ironhard.
0:25.4	Now streaming.
0:26.3	Only on Disney Plus.
0:27.7	18 plus subscription required.
0:29.1	Deas and Cs and Cs Apply.
0:48.6	I'm very hesitant to tell people to invest in NFTs because it's so difficult to know which project is going to do well.
0:55.3	I would, if you want to start dabbling, I would rather start approaching it from a more cultural or fun perspective. These projects just are fun.
1:03.0	Welcome to everyone's talk and money podcast. I'm your host, Shauna Game. There's no judgment,
1:10.0	no dumb questions, just smart conversations about you and your money.
1:14.5	So come on in and grab a seat. Everyone is welcome here.
1:24.7	Hey there, real quick before we jump in the episode, I want to ask you a quick question.
1:29.3	Did you know that on this show, I love to answer your money questions and share your success
1:34.0	stories?
	...

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