Time to learn about NFTs


Jack Dorsey is offering to sell the world’s first tweet as an NFT. So far, the highest bid is $2.5 million. Are you ready to bid on your first non-fungible token? Welcome to the world of crypto collectibles, where you can purchase a piece of unique, digital content that is guaranteed to be authentic and, theoretically, can’t be duplicated.

To create an NFT, ownership of the content is stored on a blockchain using tech similar to the tech used for cryptocurrencies. Anyone can do it, and just about everyone is doing it: recording artists, fine artists, performance artists, video artists… and the prices being paid border on insane.

Recently, the CryptoPunk called “ape in a fedora” sold for more than $1.5 million. Some Hashmasks on Ethereum have sold for between $300,000-$500,000.

Want to know more? Visit our Crypto Resources Page for useful links to the distributed ledger and blockchain ecosystem.

Are NFTs a parlor trick or a paradigm shift? I want to know what you think. Let me know below.



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Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it. I am not a financial advisor. Nothing in this article should be considered financial advice. If you are considering any type of investment you should conduct your own research and, if necessary, seek the advice of a licensed financial advisor.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.



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