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Sunday, May 28, 2023
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 a Co-founder and Chief Editor at Nordic Fintech Magazine, where he simplifies complex financial concepts through jargon-free content, making it easy for anyone to understand. With extensive experience in financial services, including working with some of Europe's largest banks, he brings a wealth of knowledge and insight into the industry. As the former Chief Futurist of the largest bank in the Nordics, Chris has a deep understanding of the Future of Financial Services, the Future of Money, Disruption, and Ethical AI in Finance. He is also a guest lecturer at Stanford University, where he shares his expertise on these topics. As a Behavioural Economist, Chris is passionate about exploring the connections between human behaviour and decision-making under risk, as well as uncovering and communicating the links between psychology, leadership, and technology in financial services.
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