Apr 20, 2021
NFT: WTH are they?
It seems no sooner than when society began to accept Bitcoin and other popular Cryptocurrency as a legitimate investment tool and currency, we have a whole new technology to familiarize ourself with. Non-Fungible Tokens are a new form of asset, a digital asset. Currently we are seeing the first generation of NFT with memes, GIFs, photos, videos, and some music being uploaded and sold for hundreds, thousands, and even millions of dollars in some cases!
Chipotle has already started making moves into the world with their Bitcoin and burrito giveaway. Soon we will see other sectors join in and build on additional revenue streams in creative ways.
It will not be long before we see Nike, Apple, and other industry leaders find ways to implement the technology into their businesses. Then we will see smaller business follow.
This is not limited to just online and retail businesses. The technology will revolutionize every sector from fashion and jewelry to the housing market and the medical field. Every business and personal brand has an opportunity to implement this technology, build additional income streams, and increase overall revenue.
