Learn About NFT's And The Metaverse | NFT's For Dummies Explained | What is an NFT and how do they work?

I help people to find their purpose, build confidence in themselves and realize their true potential. Check out my free training: https://www.thinkernick.com/training In this Episode we have the pleasure of having Byron Grealy on the show.  We start off simple by taking a look at exactly what digital currencies are and how they work on the blockchain. We talk about decentralized systems and the pros and cons of a blockchain system. Byron explains hardware wallets,fiat currencies and exactly what Bitcoin is. We discuss how safe cryptocurrencies are and go into detail of how to buy bitcoin. We touch on using cryptocurrencies cards and the difference between bitcoin and ethereum. We dive into the process of mining Bitcoin and debate wheather cryptocurrencies are sustainable or not.   CHAPTERS   0:00 - Intro  2:06 - What is an NFT  4:23 - How do digital assets have value  6:39 - Fiat Currency  7:58 - Royalties  11:20 - What can be a nft?  15:00 - Are NFT’s a good investment  17:24 - NFT’s in Education  22:00 - How to integrate a course as an NFT  27:00 - Burning NFTs  32:00 - The Metaverse  34:50 - The scale of the metaverse  37:25 - Flexing in the metaverse  41:20 - The risks involved in NFT’s  43:53 - Where does someone go to buy an NFT  45:45 - The responsibility of the NFT community  48:52 - NFTs in a commercial Context  51:16 - Can you link existing real life art to digital art?  54:30 - How dollars end up as an NFT  59:50 - The banking system and NFTs  1:01:00 - Certifications and Real Estate and NFTs  1:07:46 - The impact of NFTs in the future  1:12:12 - Outro   NFT's For Dummies Explained    Check Out our other episodes here:    🎙️Available On: Spotify: https://open.spotify.com/show/1jFl8eKDIHKfUBXfyHKWi9?si=5d6d6e35f3b844cd Itunes: https://podcasts.apple.com/us/podcast/the-thinkernick-podcast/id1583327169 LinkTree: https://linktr.ee/thinkernick   🤠Follow us on: Facebook: https://www.facebook.com/Thinkernick-103778451830989 Instagram: https://www.instagram.com/thinkernickpod/ Twitter: https://twitter.com/ThinkerNickPod Tik Tok: https://www.tiktok.com/@thinkernick?is_from_webapp=1&sender_device=pc  #thinkernick #ethereum #crypto #cryptocurrency #cryptominer #cryptoforbeginners #cryptoforcompletebeginners #fiatcurrency #cryptocard #hardwarewallet #buybitcoin

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