2. WTF are NFTs aka Non Fungible Tokens

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:

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

1. What makes these JPEGs worth money?
2. 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/