Dec 17, 2021
In the world of digital currency, NFTs are becoming both a popular and indispensable part of the blockchain. I interview Noble DraKoln, who has a firm idea of how NFTs function and why they are becoming so prominent. They are essentially a digital tracking mechanism for ideas, and NFTs allow you to display ownership of an asset on the blockchain. This contributes to the idea of the meta-verse, which DraKoln also explains. Tune in for more insight on cryptocurrency and the digital realm.
-NFTs are becoming a more and more popular and indispensable part of the blockchain
-NFTs represent showing ownership of an asset on the blockchain. The ownership can represent physical/digital items or ideas
-They are essentially a digital tracking mechanism for ideas
-Digital art has also become extremely valuable—a direct example of this is BEEPLE
-Everything going on in the NFT space has been documented
-The meta-verse already exists to some degree, but it emphasizes the idea of having a prominent digital life where you can make money within it
-DraKoln advices that if Bitcoin is cheap, buy it.
-Ethereum has already supplanted Bitcoin as the #1 winner in the marketplace, but in terms of appreciation potential it looks slightly different