This is a simple, easy-to-understand framework for beginners and experts alike that will help us realize the current value and potential future value of this new and exciting asset class: NFTs or non-fungible tokens.
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======== TABLE OF CONTENTS ========
00:00 – Introduction
00:50 – Crypto.com
01:54 – What are Assets?
02:35 – Valuation of Assets
03:57 – Fungible vs Non-Fungible Assets
05:38 – Store of Value
05:45 – Limited Supply
07:10 – Durability
08:08 – Social Agreement
09:40 – Subjective Value
11:17 – Long-term Macro Backdrop
12:07 – New Generation of Wealth
14:00 – Global Asset Shortage
14:55 – What is GDP?
16:00 – Degradation of Faith in Traditional Assets
20:00 – Outro
======== VIDEO SUMMARY ========
This is a video guide for beginners all about the new digital asset class: NFTs or Non-Fungible Tokens.
We will discuss the nature of assets, how social agreement is forming about NFTs as a new asset class, and the current macro backdrop that is creating a perfect storm for the future potential of NFTs as valuable investment vehicles.
A non-fungible token is simply a representation of a unique digital asset that cannot be equally swapped or traded for another NFT of the same type.
So non-fungible tokens can represent digital art, a ticket to an event, an in-game item, virtual property in a virtual world, or even a real-world asset like a deed or title to actual land in the physical world.
Blockchain adds unique properties to digital assets by giving people ownership, management permissions, and transferability on a decentralized, transparent, and immutable platform.
Blockchain technology provides a coordination layer that is democratizing the creation of new digital assets in the midst of the world’s largest global asset shortage.
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