Financial literacy includes understanding NFT’s, DeFi, and cryptocurrency. But it’s hard to separate education from hype.
Harvard Business School’s Scott Duke Kominers, a professor in Harvard’s Entrepreneurial Management Unit, and a Faculty Affiliate of the Harvard Department of Economics and the Harvard Center of Mathematical Sciences and Applications, joins us alongside Web3 expert Steve Kacizinsky to explain the financial, technological and social significance of NFT’s.
NFT’s, or Non-Fungible Tokens, are a rapidly growing digital asset. Comprehensive financial literacy requires understanding NFT’s. While NFT’s are emerging opportunity for investment diversification, they are also highly speculative and volatile.
NFT’s also represent how digital ownership is evolving, and have implications for the economic futures of a myriad of industries. These assets stand at the intersection of art, technology and commerce.
This episode provides a deeper understanding of NFT’s, taught by a Harvard Business School professor and a Web3 expert.
In this episode, we cover:
What an NFT is, and how they differ from other blockchain technologies – 04:54
How you can add value to an NFT -17:03
How to build community and identity around an NFT – 19:39
What is the Linux era -28:15
Addressing the lack of security – 38:00
Predictions on what’s coming next – 56:37
And so much more!
Resources mentioned:
The Everything Token: How NFTs and Web3 Will Transform the Way We Buy, Sell, and Create | Book
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