NFT 365 Podcast with Fanzo - 2. WTF are NFTs aka Non Fungible Tokens

2. WTF are NFTs aka Non Fungible Tokens

11/13/21 • 69 min

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NFT 365 Podcast with Fanzo

Another title of this episode could have been: "How to explain to your friends what NFTs are and why they have value.."

On this episode I not only breakdown what fungible and non-fungible are and why the words are so awkward to say but I also share examples, ideas and tangible stories that hopefully help you see exactly what an NFT is.

I also breakdown the importance of understanding that NFTs are one of four entry points into the Web 3.0 / Creator Economy, the others being: Cryptocurrency, Creator Coins and Metaverse/Gaming.

After we define NFTs I share 9 real-world examples, some from many moons ago, that had NFT aspects or could have really used the blockchain to prevent big macs from being scammed.

The 9 examples I breakdown are:

Card collecting with my Dad "certificate of authority" + rarirty + verification of quality
Myspace: Top 9
Monopoly Game McDonalds
Foursquare
UnTapped
Pokemon Go
Facebook badges (Rings around profile photo)
Jeep Life "Jeep wave" "jeep slogan" but no Jeep digital signal or connection to the Jeep I own.
Steelers season ticket holder

Finally, I wrap by answering what I believe are two of the most common questions you will get after you start talking about NFTs with your friends or family.

2 Most common questions answered:

What makes these JPEGs worth money?
Is this legit and for how long and if so am I too late?

More details coming soon on the Mint 365 experience where we are minting an NFT every day till 11.11.22 and how I'm going to open-up percentage of ownership on the project as well.

Lastly here are some valuable resources to bookmark that have helped me on this NFT deep-dive.

NFT Resources:

Flipboard Magazine (Fanzo curates content daily):

One39pm " A Guide to NFTs, and How They Are About to Revolutionize Pretty Much Everything: https://www.one37pm.com/nft/art/guide-to-nfts-beginner

Verge: NFTs explained:

GaryVee: WHAT IS NFT? NON-FUNGIBLE TOKEN GUIDE: https://www.garyvaynerchuk.com/what-is-nft-non-fungible-token-guide/

Another title of this episode could have been: "How to explain to your friends what NFTs are and why they have value.."

I also breakdown the importance of understanding that NFTs are one of four entry points into the Web 3.0 / Creator Economy, the others being: Cryptocurrency, Creator Coins and Metaverse/Gaming.

After we define NFTs I share 9 real-world examples, some from many moons ago, that had NFT aspects or could have really used the blockchain to prevent big macs from being scammed.

The 9 examples I breakdown are:

Card collecting with my Dad "certificate of authority" + rarirty + verification of quality
Myspace: Top 9
Monopoly Game McDonalds
Foursquare
UnTapped
Pokemon Go
Facebook badges (Rings around profile photo)
Jeep Life "Jeep wave" "jeep slogan" but no Jeep digital signal or connection to the Jeep I own.
Steelers season ticket holder

Finally, I wrap by answering what I believe are two of the most common questions you will get after you start talking about NFTs with your friends or family.

2 Most common questions answered:

What makes these JPEGs worth money?
Is this legit and for how long and if so am I too late?

More details coming soon on the Mint 365 experience where we are minting an NFT every day till 11.11.22 and how I'm going to open-up percentage of ownership on the project as well.

Lastly here are some valuable resources to bookmark that have helped me on this NFT deep-dive.

NFT Resources:

Flipboard Magazine (Fanzo curates content daily):

One39pm " A Guide to NFTs, and How They Are About to Revolutionize Pretty Much Everything: https://www.one37pm.com/nft/art/guide-to-nfts-beginner

Verge: NFTs explained:

GaryVee: WHAT IS NFT? NON-FUNGIBLE TOKEN GUIDE: https://www.garyvaynerchuk.com/what-is-nft-non-fungible-token-guide/

Previous Episode

1. Who to TRUST or Not TRUST in the NFT Influencer Crypto Space

The title is a little clickbait and I promise that won't be the norm with this show but the theme of this episode is breaking down the noise, discussing where and who we should be listening to in this NFT space while also breaking down the importance of managing expectations and defining your own version of success.

This show is powered by ADHD SuperPOWERED coin that is on the Rally.IO sidechain available at: HTTP://ADHDcoin.com

Links discussed in this episode:

FANZONE Discord: https://discord.gg/SbYMA3K2fs

Twitter @iSocialFanz: https://www.twitter.com/isocialfanz

Tweet by Gary Vaynerchuk @GaryVee on Veefriends 6month anniversary: https://twitter.com/garyvee/status/1458871208041226241?s=20

My tweet on May 6th promoting VeeFriends & my trust in GaryVee and still not pressing the damn button: https://twitter.com/iSocialFanz/status/1389920812786913280?s=20

Let's CONNECT:

🎥 YouTube: https://www.youtube.com/isocialfanz

😎 Twitter: https://Twitter.com/iSocialFanz

📸 Instagram: https://Instagram.com/iSocialFanz

🖐️ Linkedin: https://linkedin.com/in/brianfanzo

👉 Facebook: https://Facebook.com/BrianFanzoSpeaker

🎙️ TikTok: https://www.tiktok.com/@iSocialFanz

🚨 Keynote Speaker Website: https://www.BrianFanzo.com

All Brian’s Gear and Equipment For His Home Studio can be found here: www.amazon.com/shop/isocialfanz

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This show and the entire NFT 365 project is produced in collaboration of iSocialFanz and Mile62.media.

----#N3F6T5

What NUMBER did you see in the YouTube video version of this episode? Send me a Twitter DM with that number and I will send you ADHD coins!

Next Episode

3. Two Mistakes to AVOID in your first month collecting NFTs that I made

On this episode we kick it off with our new intro brought to you by Kevin Sturmer host of the Outermost Ring podcast and member of the community that blew my mind with this intro. So check out Kevin and this is just another example of the crazy talent and opportunities available in our ever growing discord community. Join the discord:

On this episode I breakdown 2 mistakes that I've made in my NFT journey. I share what I did, how I learned from them and what you can do to avoid them.

1. Don't buy on the secondary market without the official link

2. Don't think of lost opportunity as money you lost as our mental health must be a priority in this journey. (Mekaverse NFT lesson learned)

As always each and every episode is powered by the SuperPOWERED $ADHD coin available at HTTP://ADHDcoin.com

More info coming soon on how you can get involved in the NFT Mint 365 project but make sure you join our text community so you don't miss an announcement.

Text "NFT365" to +1 (703) 686-8551