NFT Deep Dive: Why pay millions for a simple JPG that anyone can just download? - Crypto in Plain English - Episode 95 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it7 Helmi 2022

NFT Deep Dive: Why pay millions for a simple JPG that anyone can just download? - Crypto in Plain English - Episode 95 - by cryptohunt.it

NFT Deep Dive: Why pay millions for a simple JPG that anyone can just download?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

If you are new to the world of NFTs, you have likely asked yourself: Why does anyone even pay for something they don’t physically own? And why even pay at all, when anyone can just download the same JPG for free and look at it all they want?

Welcome to the strange new world of NFTs which we'll cover in more depth in this week's mini series.

There are of course the obvious reasons to pay for an NFT that we touched upon before, like investment speculation and wanting to support artists. But there is more to it, and to understand that we have to look at a shift away from physical to digital ownership.

While previous generations wanted to own houses, cars, and boats, the younger tech-natives tend to care less about those. Instead, they live their social life increasingly online, and status symbols are moving there too.

Owning an NFT in itself is what creates the pleasure, and the ability to share it with the world is a big bonus. An expensive cryptopunk NFT for example makes for the perfect bragging rights on Twitter. It's like owning your own Picasso, but instead of hiding it in a vault, you can safely and proudly show it to the entire world.

And that's what matters to a new generation, many of whom have made very good money in the crypto market. Showing off ownership is important, exclusive access is not. And with that much crypto money floating around, you can see how NFTs have filled that void.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Jaksot(373)

How AI will revolutionize the way you learn - Episode 357 - by cryptohunt.it

How AI will revolutionize the way you learn - Episode 357 - by cryptohunt.it

How AI will revolutionize the way you learn Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In pl...

10 Helmi 20232min

Google’s $100bn AI whoopsie - Episode 356 - by cryptohunt.it

Google’s $100bn AI whoopsie - Episode 356 - by cryptohunt.it

Google’s $100bn AI whoopsie Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English. Goo...

9 Helmi 20232min

Microsoft and Google are taking the gloves off - Episode 355 - by cryptohunt.it

Microsoft and Google are taking the gloves off - Episode 355 - by cryptohunt.it

Microsoft and Google are taking the gloves off Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In...

8 Helmi 20232min

How AI can fight discrimination online - Episode 354 - by cryptohunt.it

How AI can fight discrimination online - Episode 354 - by cryptohunt.it

How AI can fight discrimination online Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain E...

7 Helmi 20232min

Why schools and universities are freaking out over ChatGPT - Episode 353 - by cryptohunt.it

Why schools and universities are freaking out over ChatGPT - Episode 353 - by cryptohunt.it

Why schools and universities are freaking out over ChatGPT Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. A...

6 Helmi 20232min

How exactly is artificial intelligence threatening my job? - Episode 352 - by cryptohunt.it

How exactly is artificial intelligence threatening my job? - Episode 352 - by cryptohunt.it

How exactly is artificial intelligence threatening my job? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. A...

3 Helmi 20232min

Generative AI: What is it and is it coming for your job? - Episode 351 - by cryptohunt.it

Generative AI: What is it and is it coming for your job? - Episode 351 - by cryptohunt.it

Generative AI: What is it and is it coming for your job? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As ...

2 Helmi 20232min

Porsche's botched NFT - how to do it better next time - Episode 350 - by cryptohunt.it

Porsche's botched NFT - how to do it better next time - Episode 350 - by cryptohunt.it

Porsche's botched NFT - how to do it better next time Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As alw...

1 Helmi 20234min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
ostan-asuntoja-podcast
rss-rahamania
herrasmieshakkerit
rahapuhetta
rss-laakispodi
rss-sisalto-kuntoon
rss-sami-miettinen-neuvottelija
leadcast
rss-lahtijat
rss-bisnesta-bebeja
rss-seuraava-potilas
sijoituspodi
rss-karon-grilli
rss-juurisyy-johtamisesta-kilpailuetua
rss-draivi
rss-johtoajatuksia