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Thursday, October 6, 2022
HomeMediaVideoNFTs, the Foundation for an Entire New Breed of Financial Services

NFTs, the Foundation for an Entire New Breed of Financial Services

If there was ever an award for the most annoying acronym, NFTs would have to be amongst the top three. It’s expanded version, Non-Fungible Tokens is almost as obscure as the acronym itself, and inspite the many blogposts, videos, and podcasts aiming to demystify the term, confusion still abounds.

The term made its incursion into the mainstream a couple of years ago and for those who have made it past the annoyance of “yet another acronym” the term still only elicits some vague notion of digital art and the extravagant capriciousness of the ultra rich. In todays episode our Assistant Producer Ira Bulai lays out a primer on NFTs, what are they, what they are useful for and how they maybe…just maybe, could become the building blocks of an entire new breed of financial services that trade on desirability, scarcity and perceived demand.

Chris Crespo
Chris Crespohttp://nordicfintechmagazine.com
Chris is the Co-founder of Nordic Fintech Magazine and Fast Forward Banking. He uncomplicates finance through jargon-free financial media content in plain and simple language. Chris is also a guest lecturer at Stanford University and Singularity University where he speaks regularly on the Future of Financial Services, the Future of Money Disruption and Entrepreneurship.