NFT – Non-Fungible Token
Have you heard of them?? Are these foreign words to you? They will change the world for our kids and potentially their financial future. We need to be educated and educate our children.
This is an industry of unique and non-interchangeable units of data stored on the digital ledger (blockchain). They are tokens that protect the rights of the artist and can provide multiple benefits to the owner of the NFT. They are changing the Art, Music, and Comedy industries just to mention a few.
In simple terms, an NFT is a digital item that you can actually own. Unlike in the past where the digital items you may have earned in War of Warcraft or Fortnite. If your account got closed your digital item ceased to exist. These NFTs will all be a big part of the Metaverse and the future.
When you purchase an NFT no one can take it away from you not even the creator because it lives on the Blockchain. (Is that a new word for you??? It was for me until I got the education. Basically, it's for maintaining a secure and decentralized record of transactions.)
NFTs are designed to give you something that can’t be copied: ownership of the work (though the artist can still retain the copyright and reproduction rights, just like with physical artwork). To put it in terms of physical art collecting: anyone can buy a Monet print. But only one person can own the original.
Have you heard of these or have any experience with them I would love to hear about it in the comments down below. I recently had the opportunity to learn about them and purchase a few. It was an experience for sure.
You can't just pull out your credit card and buy them…..
Which makes some people hesitant or intimidated to get involved. I cannot stress how much getting the education behind these things is worth it. The Meta digital world is here to stay and whether or not we love all aspects of it we need to be educated.
When something is unknown to us and maybe a real shift in our world we make a choice about it.
- We do nothing
- We take on the challenge of learning about it.
- We dive right in learning, making mistakes, and learning some more.
Doing nothing is always a choice and your life will relatively stay the same.
But, the world around you is always changing, adapting, and leaving those people behind.
People are spending crazy money on things they can't touch. But, they exist in the virtual metaverse. It sounds crazy right… A lot of things when they are new and creating a shift in our world sound crazy, but whether or not we partake we need to learn.
A lot of people missed out on purchasing Bitcoin when it was $300. Those people would be Billionaires now.
Realizing how much I missed out on by doing nothing and essentially sticking my head in the sand when it came to learning about Bitcoin. I am SUPER excited to be learning and having first dibs on some new Crypto Tokens and NFTs.
Education is key!! Learning how to distinguish a Crypto coin versus a Crypto token and the relationship the NFT has with those. It can sound convoluted and complicated until you dive in and listen to the educators.
If you're ready to dive into the education from educators who are killing it in this industry and breaking it down for people just getting started. Check out this amazing educational platform to fully understand Crypto, NFTs, Forex, etc.
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To Your Success,
PS. I would love to chat with you more about what I'm learning. If you are interested in learning more and would like to chat book a time that is good for you – Let's chat