Sign up to save your podcasts
Or
Share DeFi NFTs, Ponzi scheme or the future? - THE NEW NORMAL EP 19
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
DeFi NFTs, Ponzi scheme or the future? - THE NEW NORMAL EP 19
Decentralized Finance or DeFi is the future of finance. NFTs are the future of identifying ownership and collectables. Both trends are steaming hot these days. Now what if you combine the two. Too good to be true or will this be the get rich quick scheme everyone is looking for. Well...you’re about to find out.
MacNCheeasy and Jesse Friedland break down this crypto topic so anyone can understand in THIS WEEKS episode of The New Normal.
NEW EPISODES EVERY TUESDAY.
Discord: https://discord.gg/esTPa2aa65
Youtube: https://www.youtube.com/channel/UCFeFVytEkT8kaqPCJZGFswg
Timestamps:
00:00 - Intro
02:55 - DeFi NFTs: a high-level overview
05:40 - How do DeFi and NFTs combine?
07:55 - Looking at the examples: CyberKongz
11:05 - What are Banana tokens worth and what can you do with them?
13:00 - Breeding NFTs
18:00 - Why is profiting off of DeFi NFTs challenging?
23:17 - But...is all this legal?
27:17 - Why is this worthwhile?
30:15 - Does someone ultimately get left holding the bag?
32:15 - How to NOT get left holding the bag?
35:38 - Closing thoughts
View all episodes
By The Incubator
5
2828 ratings
Decentralized Finance or DeFi is the future of finance. NFTs are the future of identifying ownership and collectables. Both trends are steaming hot these days. Now what if you combine the two. Too good to be true or will this be the get rich quick scheme everyone is looking for. Well...you’re about to find out.
MacNCheeasy and Jesse Friedland break down this crypto topic so anyone can understand in THIS WEEKS episode of The New Normal.
NEW EPISODES EVERY TUESDAY.
Discord: https://discord.gg/esTPa2aa65
Youtube: https://www.youtube.com/channel/UCFeFVytEkT8kaqPCJZGFswg
Timestamps:
00:00 - Intro
02:55 - DeFi NFTs: a high-level overview
05:40 - How do DeFi and NFTs combine?
07:55 - Looking at the examples: CyberKongz
11:05 - What are Banana tokens worth and what can you do with them?
13:00 - Breeding NFTs
18:00 - Why is profiting off of DeFi NFTs challenging?
23:17 - But...is all this legal?
27:17 - Why is this worthwhile?
30:15 - Does someone ultimately get left holding the bag?
32:15 - How to NOT get left holding the bag?
35:38 - Closing thoughts