NFTs Made Simple

The beauty of crypto and NFTs is they don't require bank accounts. So if this is the case, where do you save your assets? In a digital wallet.

A digital wallet is an app that allows cryptocurrency holders to store and retrieve their digital assets. When a user acquires cryptocurrency (or NFT), you store it in a wallet. You then can make transactions, such as the purchasing a NFT. 

There are Hot and Cold wallets. Both with pros and cons. 

A hot wallet lives online and makes it easier to transact with others, but it is less secure. A cold wallet lives offline (similar to a USB drive), which makes it more secure, but more difficult to transfer to others.

Regardless, in order to transact with a blockchain, you'll need to understand some basic wallet concepts. That's what this episode is all about!

Topics:
➡️ What is a cryptocurrency wallet?
➡️ Do you need one and why?
➡️ Is my cryptocurrency safer in a wallet then not?
➡️ What is the difference between a hot and cold wallet?
➡️ If I move my Cryptocurrency to a wallet, what's the cost?
➡️ How do I connect my wallet to an NFT marketplace?

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This show is for entertainment purposes only and should not be considered investment or financial advice. Do your research!

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In 10 years, every transaction will be performed on a blockchain. Sound important? It is. Let's break it down.

A Blockchain is a digital ledger. It's a list of transactions that anyone can view and verify. As an example, the Bitcoin Blockchain carries a record of every time any one buys, sells or sends the bitcoin cryptocurrency. 

It's a fully transparent and fully public digital leger. 

In this episode, we're going to give you some examples, and get you comfortable with the idea of the blockchain, where it lives, how it is used.

Topics:
➡️ What is the Blockchain?
➡️ What is the value of the idea of it being decentralized?
➡️ Where does it exist?
➡️ Is the Blockchain the new internet?
➡️ Why is it important for Cryptocurrency and NFT’s?
➡️ What is the difference between having your money in a bank vs. the blockchain?

Reference:
- www.coinbase.com
- www.investopedia.com

Get your FREE NFT Cheat sheet
👉 www.nftsmadesimple.com 👈

This show is for entertainment purposes only and should not be considered investment or financial advice. Do your research!

Christie's Auction house sold a NFT for $69 million dollars. WHY?! 

So, to understand why, you've got to know a NFT is much more than a JPEG. Let's break it down.

First lets identify what a Fungible good is. It's an item that is interchangeable because it's replicable. dollar bills are a great example of a fungible good.

A Non Fungible good is rare, unique, and non replicable. A simple example would be a trading card or original piece of art. The more rare the more valuable. A NFT (Non Fungible Token) is a digital asset that carries a unique digital identifier so that it cannot be copied, substituted, or subdivided. It is recorded on a blockchain, which certifies authenticity and ownership (as of a specific digital asset and specific rights relating to it) of the Non-fungible token.

NFTs give rise to a whole new world where digital assets act like currency that you can sell, trade and hold, as its rarity builds value. The other exciting aspect of the NFT is that its creator has the ability to earn a percentage of all future transactions made as it moves hands in the blockchain.

NFTs offer a lot of benefits, so in this episode we're going to break it down for you.

Topics:
➡️ What is an NFT (Non Fungible Token)
➡️ What is the difference between Fungible and Non Fungible
➡️ What makes an NFT unique and non duplicated?
➡️ What is a digital asset
➡️ What does this mean for currency?
➡️ What is the value of holding, buying and selling an NFT?

Reference:
www.coinbase.com

Get your FREE NFT Cheat sheet
👉 www.nftsmadesimple.com 👈

This show is for entertainment purposes only and should not be considered investment or financial advice. Do your research!

Cryptocurrency has a 3 trillion dollar market cap. Is this just black market computer cash, or is there something more? Let's break it down.

Crypto is a digital or virtual currency that is secured by cryptography which makes it nearly impossible to counterfeit or double spend. Cryptocurrencies are decentralized and based on blockchain technology. For example, Bitcoin lives on the Bitcoin blockchain, Ethereum lives on the Ethereum Blockchain, etc

What does it mean to own cryptocurrency and what is its value? Cryptocurrency is becoming a household asset seen as a store of value or even transactional. Companies worldwide are starting to accept crypto as valid currency to transact with. Last year, Elon Musk announced you could buy Teslas with crypto.

How are crypto and NFTs connected? Cryptocurrency is the only way to actually buy and sell NFTs. If you want to get involved in NFTs, you need to understand some cryptocurrency basics.

Topics:
➡️ What is CryptoCurrency?
➡️ Is it the same thing as money as we know it?
➡️ What does it mean to own cryptocurrency and what is its value?
➡️ Is cryptocurrency required to buy NFT’s?
➡️ How to buy it?
➡️ What are the best coins to have?

Reference:
- www.coinbase.com
- www.investopedia.com

Get your FREE NFT Cheat sheet
👉 www.nftsmadesimple.com 👈

This show is for entertainment purposes only and should not be considered investment or financial advice. Do your research!

Web 3 is the hot buzz word, but what is web 3.0? How is it different than the current form of the internet?

To understand Web 3, we need to start with the birth of the Internet aka “Web 1.0”. Basically, a place to go search for information. 

We now live in a “Web 2.0”  world. It is made up of peer to peer connection. Basically, Web 2.0 is social media. 

These breakthrough technological advances also create problems. Problems like centralization of power and information through large companies and governments. You don't actually "own" your Facebook content. Facebook owns the content and connections.

Enter Web 3. A decentralized realm essentially built on Blockchains. In a web 3 world you OWN your digital assets. In this new realm, we transact, buy and sell digital assets like NFTs without the centralized control of a few powerful parties. Gen Z has been playing in this realm and purchasing digital assets for years now. “Web 3.0” represents the arena of play for this new frontier of NFT’s and Cryptocurrency that will be discussed on this show.

Topics:
➡️ What is the difference between Web 1, 2, and 3?
➡️ The death of the centralized internet and birth of the decentralized internet
➡️ What is Web 3.0 and what does it mean for us all?
➡️ Are Web 3.0 and the Metaverse a fad or here to stay?

Reference:
- www.coinbase.com

Get your FREE NFT Cheat sheet
👉 www.nftsmadesimple.com 👈

This show is for entertainment purposes only and should not be considered investment or financial advice. Do your research!

The NFTs Made Simple podcast is going to help you win with NFTs.

The internet is changing. Web 3, cryptocurrency, the metaverse all seem like foreign concepts, but they will change every aspect of our lives in the coming years.

The good news?

You don't need to be an engineer.
You don't need to learn to code.
You don't need to spend thousands of hours.

You just need to understand core concepts to avoid scams and win.

In this show, we highlight new technology, fresh creators, innovative NFT options.

Mark Savant and JC Dragon are digital adventurers here to give you a backstage pass to this fascinating new world. Join us as we learn this exciting new world together. Get ready for fascinating stories and great laughs and together, we'll make NFTs simple.

Start by getting our free cheatsheet: https://www.nftsmadesimple.com/