NFTs: New Asset Class (Non-Fungible Tokens) – Beginners’ Guide

Cryptocurrency for Beginners: with Crypto Casey

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Show Notes

This is a video guide for beginners all about the new digital asset class: NFTs or Non-Fungible Tokens.


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======== VIDEO SUMMARY ========


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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