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Are NFTs Scams Peddled by Celebs or the Future of Blockchain Technology?



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NFTs (Non-Fungible Tokens) are rights to a piece of code that sits on a blockchain that points to a digital file or other form of digital art that typically sits on a server. Many buy and sell them with the hopes of making money or simply collecting this type of digital art, in this video we explore the utility of NFTs and discuss whether they are a good investment? We also discuss a very popular NFT project called Bored Ape Yacht Club and discuss their alleged ties with CAA (Creative Artists Agency) to see if some of the celebs endorsing these NFT projects are actually passionate collectors or grifters. Any mention of ties between celebs, CAA, and Opensea/NFT projects is alleged, not stated as fact.

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***I am not a financial advisor or crypto advisor; this video is meant to be used for entertainment purposes only and represents only my personal opinions***

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#NFTs #BAYC #Cryptopunks
Category
Cryptocurrencies
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